If you work in investment banking operations and still value the prospect of an annual bonus ? join Goldman Sachs. Goldman pays twice as much as its nearest rival, BNP Paribas, and nearly seven times as much as the lowest bonuses paid out in the back office at SocGen. In an era when investment banks are either outsourcing their back office functions (as it the case at SocGen) or shifting the jobs out to lower cost destinations (J.P. Morgan in Bournemouth, Morgan Stanley and Barclays in Glasgow, Bank of America Merrill Lynch in Croydon), it?s all the more surprising that bonuses in operations divisions should hit tens of thousands.
This article was published in efinancialcareers, 3rd June