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Who won and who lost in 2007?
February 26, 2008 — 7:59am ET
At Goldman Sachs in 2007, employees on average made $661,490, including salary and bonus--a 6.4 percent increase from $621,793 in 2006--notes Investment Dealers' Digest. Bear Stearns employees on the other hand averaged $241,998 last year, a 24 percent decline, while Merrill Lynch employees averaged $196,479, way down from $234,004. Beyond that, it really depends on where you worked. Fixed-income group bonuses fell by as much as 30 percent, and if you were in CDOs, ABS, and structured finance in general, you probably were even worse off. Investment bankers and those in commodities fared much better.
For more:
- here's the Investment Dealers' Digest article
Related article:
Salary guide: Keep up with how much you are worth. Article
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