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The Guardian - UK
The Guardian - UK
Business
Rupert Neate

Bankers at Goldman Sachs reap rewards as profits more than double to $27bn

Goldman Sachs logo on trading post
Goldman Sachs’ bankers will find out exactly how much they will personally collect for 2021 on Wednesday. Photograph: Richard Drew/AP

Goldman Sachs paid its 43,900 bankers more than $17bn (£12.5bn) last year, a 33% increase on 2020 as the investment bank celebrated a more than doubling of pre-tax profits to $27bn thanks to frenzied dealmaking on both sides of the Atlantic.

The pay and bonuses increase works out at about $403,000 for each employee on average, up from about $328,000 a year ago. It is the most the bank has paid out in wages and bonuses since 2007 at the height of the banking boom leading up to the financial crisis.

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