Anyone work in JPM/GS/Morgan Stanley back office before?

Originally Posted by Unregistered

Hi guys, anyone knows how much GS ops is paying for fresh grads / 0 YOE?

65k per annum as of the latest batch of summer analysts converted.

Originally Posted by Unregistered

65k per annum as of the latest batch of summer analysts converted.

Oh what…saw on MCF 6k min for analyst eh

Originally Posted by Unregistered

Oh what…saw on MCF 6k min for analyst eh

That is probably a direct hire role. Graduates earn less than direct hires in GS.

Originally Posted by Unregistered

That is probably a direct hire role. Graduates earn less than direct hires in GS.

Ah I see. Makes sense haha. Appreciate the help and thanks!

Originally Posted by Unregistered

That is probably a direct hire role. Graduates earn less than direct hires in GS.

aren't graduates usually paid higher than direct hires with 0 yoe? i'm confused

Originally Posted by Unregistered

aren't graduates usually paid higher than direct hires with 0 yoe? i'm confused

no lol

graduate programs pay less than entry level direct hires because programs are a lot easier to get in while direct hires are harder since they treat u like every other typical interview

Originally Posted by Unregistered

no lol

graduate programs pay less than entry level direct hires because programs are a lot easier to get in while direct hires are harder since they treat u like every other typical interview

graduate programs are usually fast track programs grooming future managements. they are typically paid much higher than direct entry hires.

Originally Posted by Unregistered

graduate programs are usually fast track programs grooming future managements. they are typically paid much higher than direct entry hires.

Wha makes u think large foreign banks like gs and jpm hire direct hires with 0 yoe lol.. they either hire graduates, or ppl with past years of exp. This explains why dire hire pay > graduates with no exp at all

Originally Posted by Unregistered

aren't graduates usually paid higher than direct hires with 0 yoe? i'm confused

You mean GS grad program?

Nope they are not paid more actually. I got a few friends in it both direct hires and grads, the direct hires earn more but then again they negotiated packages ( as you should with any offer ) so I don't know.

You are 100% right if it's comparing grad program pay to direct hire pay with no nego and possibly lowball.

Anyone knows how many rounds of interview for GS direct hire?