Investment Banking

Goldman’s average pay in Europe jumps to $686,500 each as profit surges

Goldman's compensation costs globally increased to a 10-year high in 2020 on the back of record performance in investment banking and a big uptick in trading

Goldman's revenues across investment banking and sales and trading surged through the Covid-19 pandemic
Goldman's revenues across investment banking and sales and trading surged through the Covid-19 pandemic Photo: Getty Images

Goldman Sachs' European staff brought in profit of $2.8bn last year, an increase of 37% as revenues across investment banking and sales and trading surged through the Covid-19 pandemic.

The US investment bank posted revenue of $10bn for Goldman Sachs International, which covers key units in Europe, the Middle East and Africa, according to accounts posted on the UK's Companies House on 12 May. This is a 27% increase on the same period last year, and compares with a 22% gain across the organisation in 2020.

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