Goldman Partners Profit From No-Fee Private Funds

The video discusses the current state of Wall Street, focusing on Goldman Sachs. Despite a decline in pay compared to pre-financial crisis levels, Goldman Sachs remains attractive due to its partner opportunities and investment perks. The video contrasts Goldman Sachs with private equity firms, highlighting the latter's potential for greater financial rewards. It also explores Goldman Sachs' strategies to retain talent and maintain its legendary partner culture.

How has the financial crisis affected the average pay at Goldman Sachs?

• It has decreased by about half.

• It has remained the same.

• It has doubled since the crisis.

• It has increased slightly.

What is a unique investment opportunity available to Goldman Sachs partners?

• Investing in public stocks with no fees

• Investing in private equity pools with no fees

• Investing in real estate with no fees

• Investing in mutual funds with no fees

What is the approximate salary of a Goldman Sachs partner?

• $700,000

• $500,000

• $900,000

• $1,200,000

Where do young Goldman Sachs employees aspire to work for higher earnings?

• Morgan Stanley

• Citigroup

• Bank of America

• Warburg Pincus

What is the main attraction for young employees to move to private equity firms?

• Higher base salary

• More vacation days

• Better work-life balance

• Carried interest and share of profits