Trader Compensation
Goldman Sachs traders buy securities directly from the exchange, at interbank rates, and then sell back to the customer with a small commission or spread added. The estimated average annual salary for a Trader is $102,048 per year in the United States, which is 2% lower than the average Goldman Sachs salary of $104,868 per year. Trader salaries at Goldman Sachs can range from $69,252 to $367,333 per year.
The estimated average pay for a Quantitative Trader at Goldman Sachs in the United States is $102,103 per year, which is 31% below the national average. Recently, Goldman’s 20-person program trading desk made over $700 million a year, with one member receiving a $9 million bonus in 2021.
Revenue and Performance
In 2018, Goldman Sachs earned $13.48 billion from institutional client services, representing about 37% of the firm’s revenue. Goldman Sachs traders in India earn between ₹9,69,070 and ₹10,46,890 per year.
Analysts estimate that for Q1 2023, the net income decreased by over 20% to $3.1 billion. The average Goldman employee earns $94,652 per year, with higher salaries allocated to managing directors, VPs, and team managers.
Goldman Sachs has a global operation, serving corporations, financial institutions, governments, and high-net-worth individuals. The firm upholds core values of integrity, client service, and excellence.