Goldman Sachs Investment Banking Associate Salaries by 40+ Employees (Updated 2025)

1 - 7 years exp.

₹13.2 Lakhs - ₹54 Lakhs

Salary of majority employees

109% more than the average Investment Banking Associate Salary in Financial Services Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Investment Banking Associate Salary 1 - 7 years exp. (29 salaries)	₹12 L/yr - ₹47.6 L/yr
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Finance & Accounting Investment Banking Associate Salary 3 - 6 years exp. (10 salaries)	₹12 L/yr - ₹40 L/yr

Last Updated: 7 Mar 2025

Companies similar to Goldman Sachs for Investment Banking Associate

Company name	Avg Annual Salary	Open Jobs
Bank of America Investment Banking Associate Salary 1 - 11 years exp. (18 salaries)	₹16.6 L/yr - ₹62.4 L/yr 22% more
Deutsche Bank Investment Banking Associate Salary 1 - 6 years exp. (11 salaries)	₹25 L/yr - ₹62.6 L/yr 12% more
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WNS Investment Banking Associate Salary 0 - 4 years exp. (5 salaries)	₹3.7 L/yr - ₹7.8 L/yr 83% less
State Street Bank Investment Banking Associate Salary 1 - 3 years exp. (5 salaries)	₹2.8 L/yr - ₹3.6 L/yr 89% less
Standard Chartered Investment Banking Associate Salary 2 - 4 years exp. (5 salaries)	₹35 L/yr - ₹80 L/yr 71% more
SS&C TECHNOLOGIES Investment Banking Associate Salary 0 - 2 years exp. (4 salaries)	₹3 L/yr - ₹3.6 L/yr 90% less
Bain & Company Investment Banking Associate Salary 0 - 5 years exp. (3 salaries)	₹26 L/yr - ₹38 L/yr 1% less

Investment Banking Associate salary at Goldman Sachs ranges between ₹13.2 Lakhs to ₹54 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 42 latest salaries received from various employees of Goldman Sachs.

Experience wise Goldman Sachs Investment Banking Associate salaries

Last Updated: 7 Mar 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹15 L/yr - ₹36 L/yr
2 years (4 salaries)	₹16 L/yr - ₹36 L/yr
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3 years (12 salaries)	₹15 L/yr - ₹55.2 L/yr
4 years (8 salaries)	₹15.9 L/yr - ₹47 L/yr
5 years (9 salaries)	₹13.7 L/yr - ₹50 L/yr
6 years (3 salaries)	₹25 L/yr - ₹40 L/yr
7 years (3 salaries)	₹13.8 L/yr - ₹40 L/yr

View all

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Salary related reviews for Goldman Sachs

Senior Associate in Hyderabad / Secunderabad

Full Time

Risk Management & Compliance Department

2.0

• posted on 14 Feb 2025

5.0

for Salary and Benefits

Likes

...S makes you feel like you’re staying 5 star hotel very supportive staff members. Gym reimbursement Bonus Insurance etc

Salary - Excellent

+1 more

Dislikes

Toxic work culture Promotion is based on favouritism of Team manager. Floor is divided in two parts Bangalore and Hyderabad. Bangalore people who are staying in Hyderabad yet hate Telangana people. Lot of micro management.

Job security - Poor

+4 more

Analyst in Bangalore / Bengaluru

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 31 Mar 2024

2.0

for Salary and Benefits

Likes

Flexible hours 3 times food(Paid) Cab service(Paid)

Dislikes

Some internal language will be disadvantage if you go outside GS Few technologies are very legacy Micromanagement Salary is low as compare to competitors Partiality if you're not from tier 1 college Not much benefit

Salary - Poor

+1 more

Senior Analyst in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 12 Oct 2023

2.0

for Salary and Benefits

Likes

...tely not good. It's a myth that Goldman pays bomb. Not at all employee friendly. Overall Goldman performance is poor which is effecting our bonus hike from last 2yrs.pathetic eill never refer any of my friend to join Goldman

Skill development - Good

Dislikes

Manager, work life balance, overtime money is very less, hike less, politics.

Salary - Poor

+5 more

Analyst in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

1.0

• posted on 11 Jan 2023

2.0

for Salary and Benefits

Likes

Not much, the office campus is good, but gets too crowded. People are talented, smart and willing to share knowledge.

Dislikes

The office cublicle spacing allows no privacy or personal space. Employees are expected to toll 12+ hours everyday, sometimes even on weekends for no extra pay. Work-life balance is non-existent. The office politics is just mind-numbing, where no importance is given to talent, merit, skills or work-ethics. What matters for appraisals and promotion is just how much of a bootlicker. Company culture makes GS a toxic place. Beware of the false marketing.

Salary - Poor

+5 more

Financial Analyst in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 17 Mar 2023

3.0

for Salary and Benefits

Likes

very good in cab facilities and food and new work learning in new tools and technology have lot in Goldman sachs

Skill development - Excellent

+4 more

Dislikes

... employee treat as low Don’t expect work life balance for contract employee And salary are low for contact employee 30% Change u will get permanent 70% better once’s contract close check another jobs Heavy work time in office Daily office No hybrid

Work-life balance - Poor

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Goldman Sachs

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a software engineer

1d (edited)

Looking for Support in Getting Referral and My Resume Shortlisted

Hello everyone, For the past two months, I’ve been actively applying for SDE and Data Engineer roles at companies like Goldman Sachs, JPMorgan, American Express, MasterCard, Morgan Stanley, BNY Mellon, CITCO, and several others. Despite regularly updating my resume, practicing on LeetCode, and staying consistent with my efforts, I haven’t received any callbacks from recruiters. If any of you could assist me with a referral to the companies mentioned above, it would be incredibly helpful. I am confident in my ability to excel in the interview process, but I would greatly appreciate your support in getting my resume shortlisted. I am open to all roles involving technology, particularly those related to Python, Java, and their respective frameworks.

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Goldman Sachs Investment Banking Associate Salary FAQs

What is the salary of Investment Banking Associate at Goldman Sachs ?

The average salary of a Investment Banking Associate at Goldman Sachs in India typically ranges from ₹13.2 Lakhs to ₹54.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Investment Banking Associate at Goldman Sachs earn more than ₹45.6 Lakhs per year, and the top 1% earn over ₹65.0 Lakhs per year. Investment Banking Associate Salaries at Goldman Sachs can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 40+ Goldman Sachs employees in India.

What is the estimated take home salary of a Investment Banking Associate at Goldman Sachs in India?

The estimated take-home salary of a Investment Banking Associate at Goldman Sachs in India typically ranges from ₹1,93,760 to ₹2,01,384 per month. This is based on the average salary range of ₹13.2 Lakhs to ₹54.0 Lakhs per year for employees with experience ranging from 1 year to 7 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 40+ salaries received from various employees of Goldman Sachs. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Goldman Sachs for Investment Banking Associate in India?

Standard Chartered	₹35.0 Lakhs to ₹80.0 Lakhs per year
Bank of America	₹16.6 Lakhs to ₹62.4 Lakhs per year
Deutsche Bank	₹25.0 Lakhs to ₹62.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Goldman Sachs, depending on the role and experience level.

What is the salary of a Investment Banking Associate in companies similar to Goldman Sachs in India?

The salary of a Investment Banking Associate at companies similar to Goldman Sachs in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bain & Company	₹26.0 Lakhs to ₹38.0 Lakhs per year
WNS	₹3.7 Lakhs to ₹7.8 Lakhs per year
State Street Bank	₹2.8 Lakhs to ₹3.6 Lakhs per year
SS&C TECHNOLOGIES	₹3.0 Lakhs to ₹3.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Investment Banking Associate at Goldman Sachs in India?

The salary growth for a Investment Banking Associate at Goldman Sachs depends on factors such as experience, performance, and promotions. On average, a Investment Banking Associate can expect the following growth trajectory at Goldman Sachs:

Experience	Average Salary Range
1 year	₹15.0 Lakhs to ₹36.0 Lakhs per year
2 years	₹16.0 Lakhs to ₹36.0 Lakhs per year
3 years	₹15.0 Lakhs to ₹55.2 Lakhs per year
4 years	₹15.9 Lakhs to ₹47.0 Lakhs per year

and so on.

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Goldman Sachs Investment Banking Associate Salaries

Goldman Sachs Investment Banking Associate salary in India ranges between ₹13.2 Lakhs to ₹54 Lakhs with an average annual salary of ₹. Salary estimates are based on 42 Goldman Sachs latest salaries received from various employees of Goldman Sachs.