This morning, on National Public Radio (NPR)’s Marketplace Morning Report, the topic of conversation was the much-anticipated announcement of Goldman Sachs’ new Partners. The financial giant makes this announcement every two years, and for those who are selected, landing on that list can be the peak of their career. Mitchell Peskin, Partner and Executive Vice President at The Execu|Search Group who oversees our Financial Services division, weighed in on the event.
“It literally becomes a huge compensation event,” said Mitch. “It means the ability to now participate in the Goldman Sachs Partnership bonus pool.” According to the radio show host, that pool can mean millions for each Partner involved—on top of a salary already reaching $1 million per year.
However, the title of Partner can be taken away, so those who have worked hard to earn it will have to work harder to keep it. According to Mitch, the work pays off. “If money is important to you, and I would say it is to most people that work on Wall Street, it’s as good as it gets.”
You can listen to the segment here.