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by throwaway2037 391 days ago
Why do people think Goldman pays software developers so well? They do not. They pay whatever is required compared to their competition (mostly other ibanks). There is a tiny sliver (less than 5%) of the dev staff who work in front office and are called "Strats". (Some other banks have "Strats" [Morgan?] or put you into a quant team to pay you more [JPM/UBS/etc].) They make about 25-50% more money compared to vanilla software devs in the IT division.