Investment Banking

Goldman Sachs more than doubles first-year banker bonuses to £64,500 amid junior burnout crisis

Across the analyst population in the City, bonuses are up 60-80% this year, according to Dartmouth Partners

First-year bankers at Goldman's London office will get a bonus that's 130% higher than last year
First-year bankers at Goldman's London office will get a bonus that's 130% higher than last year Photo: Bloomberg / Getty Images

Junior banker bonuses in London have surged by 60% this year as firms have moved to stem an exodus of talent, with Goldman Sachs the biggest payer in the City, according to new figures.

First-year bankers at Goldman received a bonus of £64,500 over the summer, according to research by recruiters Dartmouth Partners, up by 130% on the previous year as banks have battled a burnout crisis in the junior ranks that has led to new perks and salary hikes across the sector.

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