"Anyone at the bonus line at Goldman Sachs died and went to bonus heaven," said Michael Holland, chairman of Holland & Company, a New York-based investment firm. "It doesn't get any better than this." (Link)According to a December 2005 New York magazine article about Goldman Sachs' bonus that year:
If the firm split its potential $11 billion pie equally among all 22,000 employees worldwide, they’d each get $500,000. But that’s not how it works.
The Big Piece
There are 250 or so partner managing directors, each of whom would receive an average bonus of $2 million right off the top. The rest depends on the success of their part of the business, and it can be massive. Top income-producers like Mark McGoldrick, co-head of global proprietary investment, can make upward of $40 million.
The “Tide You Over Until You’re a Somebody” Piece
Executive managing directors, also known as “MD Lites,” can make up to $3 million.
The Table Scraps
Just-out-of-college analysts make $70,000 and hope to match that in bonus. Associates, with M.B.A.’s, hope to match their $95,000 salaries with a bonus, too. Secretaries who make as much as $75,000 have their sights set on bonuses of roughly $15,000.