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Comment by joosters | Hacker News Reader

I was compensated very well man! Don't worry, I wouldn't take a job like this if it wasn't well paid ;)

Sorry for my wrong assumption!

I’m 99.999% sure that Goldman Sachs SWE interns are highly paid. Even when compared to other top tier tech internships.

If this is accurate, they have last summer's SLC internship at $34/hr: https://www.levels.fyi/internships/Goldman-Sachs/Software-En...

Not bad in absolute terms, but even their NY/NJ offerings are half of what the top trading firms seem to offer, and middle of the pack for tech: https://www.levels.fyi/internships/

I was a professor in a CS department, I remember our students who did internship in finance were paid more than me.

GS intern pay in Salt Lake City was like $33 or $35 an hour a few years ago. I can only imagine it’s higher now. No way the interns aren’t paid at a big bank - not in this day and age.

I interned with goldman in their 200 west office in lower Manhattan years ago. They pay, and paid well (still less than proper tech companies), and while no one I knew returned full time, the experience, prestige, and network of other young ambitious college peers was really one of those opportunities I look back on and acknowledge as one of my “luck” moments to get me to where I am today.

Granted, with my age I can proudly say, fuck the entire institution that is GS.

I'm interested to know why you didn't go back. Reading OPs article there are a lot of red flags that stand out to me today, but if I was young and fresh out of college, I'd probably be happy to take a job there.

Goldman pays their interns... In fact, I believe the pay is the same hourly rate as their entry-level jobs.

Apologies, the article mentions nothing about pay and internships just implied unpaid to me.

U.S. companies can't legally hire interns for no pay (I believe there are some exceptions, but GS definitely wouldn't qualify). So it's probably best to avoid jumping to conclusions like this in the future.

Goldman pays quite well.

GS interns and most finance interns do get paid and paid quite well compared to interns in basically any other industry (maybe tech interns get more? I doubt it though).

At first I thought you were saying they underpay tech and agreed, but then I read "for free".

I have never even seen or heard of an unpaid software engineering internship. Why are you assuming they're unpaid? Where are these unpaid SWE internships?

They are paid. Why is this comment the most upvoted? It's straight up misinformation.

Shows that people just love to jump on the hate bandwagon whenever opportunity rises. HN is all about the pitchforks.

I've never come across unpaid internships in Fortune 100. They may even be paid higher in internship than the bottom end if software engineering full time jobs.

At every level, Goldman Sachs is one of the world’s highest paying employers.

At every level when adjusted for local cost of living? No way. Intern/New Analyst jobs paid around half of what you’d get at full tech companies. If you stick with it for 2 years and then 5 years you can get very good bumps.

The cool thing about Goldman as an internship/first-post-uni job is that they provide the opportunity for a lot of very capable people whose resumes would be ignored for SWE roles in tech. And, while I don’t know what the current H1B situation is, banking tech has been a huge enabler for talent in markets like Ghana or Nigeria.

That was not the case 10+ years ago, especially at the entry level. Their entry level pay used to be lower because people did not mind accepting lower in exchange for the brand name on the resume.

Their numbers seem kinda low looking at levels.fyi

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