The compensation for a Vice President at Goldman Sachs, particularly within its investment management arms, can vary significantly based on location, experience, and specific responsibilities. While exact figures for a Vice President specifically within Goldman Sachs Wealth Management can fluctuate, data for a closely related division, Goldman Sachs Asset Management, provides a strong indication of potential earnings.
Average Vice President Salary in Goldman Sachs Asset Management
For a Vice President in Goldman Sachs Asset Management, the average annual salary can range from approximately $152,557 to $153,740, depending on the state. Hourly wages typically range from around $73.34 to $73.91.
Below is a breakdown of average salaries for a Vice President in Goldman Sachs Asset Management by state:
| State | Annual Salary | Hourly Wage |
|---|---|---|
| California | $153,740 | $73.91 |
| Minnesota | $152,572 | $73.35 |
| Rhode Island | $152,557 | $73.34 |
(Data derived from ZipRecruiter averages for Vice President roles in Goldman Sachs Asset Management across various states).
Factors Influencing Compensation
Several key factors can influence the total compensation for a Vice President at Goldman Sachs, whether in Wealth Management or Asset Management:
- Geographic Location: As shown in the table, salaries can differ significantly by state or even within major metropolitan areas. High cost-of-living cities often command higher base salaries.
- Experience and Tenure: More experienced Vice Presidents with a longer track record at the firm or in the industry generally command higher compensation.
- Performance and Bonuses: A significant portion of a Vice President's total compensation at an investment bank like Goldman Sachs comes from performance-based bonuses, which are tied to individual, team, and firm performance.
- Specific Role and Responsibilities: Even within the Vice President title, the specific duties, client book size, and strategic importance of the role can impact the salary.
- Market Conditions: Overall economic conditions and the performance of the financial markets can also affect compensation trends across the industry.
Understanding these factors provides a comprehensive view of the potential earning capacity for a Vice President within Goldman Sachs' prestigious financial divisions.
