Goldman Sachs has bumped junior salaries for some employees in its sales, trading, research and asset management units, as pay rises increasingly spread beyond young dealmakers.
The US investment banking giant will now pay starting salaries in the units of $110,000, up from $85,000 previously, and second years will receive $125,000, according to people familiar with the matter. This will apply largely to front office roles and will not apply across the divisions, they added.