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Goldman Sachs: The London Exclusive 40% Salary Hike | Explained

Goldman Sachs, despite facing a drop in deal activity, is planning to boost payouts for its London staff by an average of 37% this year.

Goldman Sachs has set aside $1.7 billion for compensation costs during the first nine months of 2023, representing a 17% increase compared to the same period last year. Photo: Getty Images
Goldman Sachs has set aside $1.7 billion for compensation costs during the first nine months of 2023, representing a 17% increase compared to the same period last year. Photo: Getty Images

On average, each employee, primarily based in the UK, can expect a payment of approximately $492,860, up from around $360,000 in 2022.

In an effort to retain top talent in key divisions such as investment banking and trading, Goldman Sachs has implemented cost-cutting measures, including job cuts totaling around 3,200 employees.

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