Goldman Sachs remains one of the most prestigious investment banks globally, making its analyst roles highly competitive and well-compensated. In 2025, analyst salaries at Goldman Sachs reflect market trends, skill demand, and rising inflation, especially in major financial hubs like New York, London, and Hong Kong. This article breaks down everything you need to know about the compensation package for analysts at Goldman Sachs—from base salary and bonuses to key factors that influence earnings and long-term growth.
Average Goldman Sachs Analyst Salary in 2025
As of mid-2025, the average base salary for a first-year analyst at Goldman Sachs is approximately $110,000 per year. When you factor in bonuses and benefits, total compensation typically ranges from $130,000 to $160,000 annually.
Breakdown of Total Compensation:
Base Salary: $100,000 – $115,000
Performance Bonus: $25,000 – $50,000
Signing Bonus (for top candidates): $5,000 – $10,000
Additional Benefits: Health insurance, 401(k), wellness stipends, subsidized meals
Salary by Experience Level
Goldman Sachs analysts usually go through a structured program before advancing to associate roles. Here’s how salary tends to scale with experience:
First-Year Analyst:
Base: $100,000 – $115,000
Total Comp: $130,000 – $160,000Second-Year Analyst:
Base: $120,000 – $130,000
Total Comp: $150,000 – $180,000Third-Year Analyst / Pre-Associate:
Base: $135,000 – $150,000
Total Comp: $170,000 – $210,000
Key Factors Influencing Analyst Salary
Several variables impact the exact compensation an analyst receives at Goldman Sachs:
Location: Analysts in New York or London earn more than those in smaller markets.
Department: Investment Banking Division (IBD) analysts typically receive higher bonuses than those in operations or compliance.
Education: Graduates from Ivy League or top-tier business schools often secure higher starting packages.
Certifications: CFA Level I or II may help in certain divisions like equity research.
Performance: Top performers receive higher year-end bonuses.
Market Conditions: In a bullish market, bonuses rise significantly.
Benefits of Being a Goldman Sachs Analyst
Aside from competitive pay, analysts enjoy a robust benefits package, including:
Health, dental, and vision insurance
401(k) retirement plan with matching contributions
Paid time off and sick leave
Employee stock purchase plans
Mental health and wellness programs
Onsite fitness centers and wellness stipends
Networking opportunities with global leaders
Job Market Trends in 2025
What’s New:
High Demand for Tech-Enabled Finance Talent: Analysts with tech skills like Python, SQL, or Excel VBA are increasingly sought-after.
Remote Work Flexibility: While still a high-intensity job, hybrid work models are more common post-2023.
ESG and AI: Divisions related to ESG (Environmental, Social, and Governance) and AI-driven analytics are expanding.
Job Outlook:
The demand for finance professionals remains strong in 2025, especially for roles requiring both analytical acumen and tech-savviness. While fintech competition grows, traditional powerhouses like Goldman Sachs continue to attract top talent with elite training and exit opportunities.
Certifications and Education That Boost Earnings
While not mandatory, certain qualifications can improve both job prospects and compensation:
Chartered Financial Analyst (CFA) – Boosts credibility and is particularly valuable in research and asset management.
Financial Risk Manager (FRM) – Beneficial for risk and compliance roles.
MBA – Often a pathway from analyst to associate and higher levels, particularly from top-10 business schools.
Quant/Programming Skills – Python, R, and SQL knowledge are highly valued in certain divisions.
Take-Home Pay for a $103K Salary
For those curious about real income:
A $103,000 base salary typically results in a take-home pay of about $70,000 – $75,000 annually after federal, state, and local taxes (based on a single filer in NYC).
Monthly: ~$5,800 – $6,300
This amount can increase significantly with bonuses and stock options.
Conclusion
A Goldman Sachs analyst role in 2025 offers a lucrative and prestigious start to a finance career. With salaries starting at over $100K and total compensation reaching up to $200K for high performers, it remains a top choice for ambitious professionals. The best-paying roles often blend finance with tech and analytical skills, while education, location, and performance continue to play major roles in determining salary.
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