It's also hard to figure out what WePay has actually been doing. Great enterprise speak again.
So, that's what the banking world looks like? Even more enterprisy than the Enterprise despite being a start-up?
Curious as it seems to me (uninformed) that basically all banks already have fintech offerings and are built around networking and payments technology at their core.
Between my quote "hi guys, we've been bought" and this statement, you can see the difference, right? One is very clear to the point, the other talks about lot of things but actually doesn't literally spell it out once.
Unfortunately I'd say yes. Consider that Goldman Sachs has 38,000 employees and the average compensation is 350k-400k per year, per their recent quarterly filing.
It is an elite world based on signaling and deep relationships, because there is a lot of money at stake.
What do you think of my estimation?
Hint: its a lot more than 45k
My point is that while the "average" compensation may be $400k, that's going to account for a very small percentage of the employees. The median is probably well below $100k, dependent largely on just how many support staff there are compared to traders. And even the traders who only last a year or two before getting fired will probably only make $100-150k.
[0] https://www.glassdoor.com/Salary/Goldman-Sachs-Salaries-E280...
It is often a thankless job and I appreciate that you've provided these numbers. It really shows the income disparity between the top dogs and the unwashed masses and Goldman.
How dare you tell me "hint, blah blah blah" when your source literally confirms what I have stated.
The young and inexperienced workers are just there for data entry and errands for the SMALL percentage of workers who are high powered investment bankers.