Goldman Sachs paid bankers £245,500 in 2014

Goldman sachs

Goldman Sachs paid its bankers an average of $373,265 (£245,500) in 2014. 

The bank set aside $12.69 billion (£8.35 billion) to pay 34,000 employees’ compensation and benefits packages, which include salaries, discretionary compensation, equity awards and benefits.

This amount was lower than the sum paid in 2012 but higher than that paid in 2011.

The average payment of £245,500 comes after profits at the Wall Street firm rose by 5% for the year.

The ratio of compensation and benefits to net revenues for 2014 was 36.8%, compared with 36.9% in 2013.

The figures were published in its 2014 annual report.

Lloyd Blankfein, chairman and chief executive officer at Goldman Sachs, said: “We are pleased with our performance during a year characterised by mixed global economic and financial conditions.

“The depth of our global client franchise and our continued discipline on expenses and capital management produced a solid return for our shareholders.”