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Goldman Sachs 2011 net income was $162,913 per employee. Average pay was $367,057. It's harder to get data on Google, but it looks like the mid-career median sa
by jcnnghm 12y ago
Goldman Sachs 2011 net income was $162,913 per employee. Average pay was $367,057. It's harder to get data on Google, but it looks like the mid-career median salary is $141,000. Google's Gross Profit (Total Revenue less Cost of Revenue) was $24.7B in 2011, and GS's was $24.5B. At the same time, Google had 32,467 employees to GS's 35,700. Yet, the Google net income was $9.7B compared to $4.4B on the GS side. The difference seems to be made up entirely by the difference in employee compensation.
It's the money, stupid.
- mimiflynn 12y agoI've met some pretty overworked Goldman analysts, and they made over 200k a year barely two years out of college. Its definitely the money.
- gertef 12y ago"salary" != "total compensation"
- binarysolo 12y agoDoes this account for the strong differential in number of independent contractors who work at GS vs GOOG? (re: revenue/headcount)
- dba7dba 12y agoGoogle's success doesn't and won't carry America's economy. And most of google's top paid employees are programmers. It's the success of companies that design/make things that will carry America's economy. And these companies are losing their top prospects to Wall Street. Not a good trend.