The average pay at Goldman Sachs is seen falling about $100,000 by the end of 2013 due to issues such as lackluster deal activity and financial regulations, Fortune’s Stephen Gandel reports citing a research note from JPMorgan Cazenove, the European division of JPMorgan Chase. Last year, the average salary at Goldman was $412,000. Now the JPMorgan Cazenove analysts expect the average compensation at their rival to be $314,000, the Fortune report said.
Gandel also points out that because of this many Goldmanites would likely fall out of the so-called 1% cut off ($368,000 or more) in the United States.
Of course, Goldman isn’t the only Wall Street bank the analysts see being impacted by lower compensation.
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