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Goldman Sachs raises banker pay after 95-hour week complaint



Goldman Sachs has increased its salaries for เกมส์สล็อต younger bankers following complaints of long working hours.

It is understood that first-year investment bank analysts globally will get a pay rise this year to $110,000 (£80,000) from a previous $86,000.

As first reported in the Financial Times, the pay increase does not include bonuses. Basic pay will rise to $125,000 in the second year.

It comes as a top banker criticised recruits for being "entitled".

Xavier Rolet, who ran the London Stock Exchange for eight years, said the younger generation of bankers should stop complaining about long working hours or find another job.

He suggested banks should hire "poor hungry kids who managed to put themselves through college" instead of "entitled" graduates.

Mr Rolet, who worked at Goldman Sachs in New York and in London early on in his career, said on LinkedIn that he would regularly work 130 hours a week, seven days a week in the 1980s.

He claimed: "We'd work the whole New York trading day in the office, have dinner on the desk then trade Asia and Tokyo from 8:00pm until 10:00pm, go home during the half-day recess and trade the Tokyo afternoon session from home from 12:00pm to 2:00am.

"Grab some shut-eye until 4:00am to put our orders in the European markets in time for the opening… quick commute to 40 Wall to be in the office by 6:30am to continue to trade our European orders in time for the pre-opening in New York. Tokyo was open on Saturdays and half day every other Sunday in those days."

This year, a group of young Goldman Sachs bankers complained of 95-hour working weeks and and asked for their working week to be capped at 80 hours.