If you work for Goldman Sachs in London and are tempted to move to Frankfurt, the latest annual report for Goldman Sachs SE offers some pointers: on average, it will be lower - but not by much.

In 2020, Goldman Sachs Bank Europe SE had 556 employees, up from just 243 in 2019. The bank spent €114m compensating them - an average of €205k ($237k) per head. This is considerably less than the $523k Goldman pays its staff in London.

The other 16 risk-takers at Goldman Sachs in Frankfurt earned salaries averaging

There may be extra too: Goldman states that its Frankfurt risk-takers are entitled to additional ancillary payments "which are not included in the published information."

Goldman has a new office in Frankfurt's Marien tower, where it can accommodate 700 people.

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