As a financial industry expert with a focus on investment banking, I can offer some insights into the compensation structure at top-tier firms like Goldman Sachs. It's important to note that the specifics of partner compensation can vary widely depending on a range of factors including the partner's role, the performance of their division, the overall performance of the firm, and the partner's individual contributions.

The information provided suggests that partners at Goldman Sachs have a base salary of $900,000, according to the Wall Street Journal. This is a substantial base salary, indicative of the high level of responsibility and expertise expected from a partner at a leading investment bank.

In addition to this base salary, partners also receive a significant portion of the firm's bonus pool. The bonus pool is a portion of the firm's profits that is set aside to reward employees for their performance. According to the sources mentioned, about 20% of the bank's bonus pool is distributed among the 400-plus partners at Goldman Sachs. This suggests that the bonus component of a partner's compensation can be substantial, potentially dwarfing the base salary depending on the firm's profitability and the partner's performance.

It's also worth noting that the compensation structure at investment banks is often designed to incentivize long-term commitment and high performance. This means that a partner's compensation can be highly variable and may be tied to specific performance metrics or targets. Additionally, partners may also receive other forms of compensation, such as stock options or restricted stock units, which can further increase their overall compensation package.

However, it's crucial to understand that the figures provided are estimates and the actual compensation can vary. The financial industry is highly competitive, and the compensation packages offered by firms like Goldman Sachs are often confidential to maintain a competitive edge and to prevent poaching by other firms.

In conclusion, while the base salary for a partner at Goldman Sachs is substantial, the total compensation package is likely to be significantly higher when bonuses and other forms of compensation are taken into account. The exact amount can vary widely based on a multitude of factors, and it's always best to consult with someone directly involved with the firm's compensation structure for the most accurate information.

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Partners make a base salary of $900,000, according to the WSJ. They get a large chunk of the bonus pool: In addition to the base salary, about 20% of the bank's bonus pool is divvied up amongst the 400-plus Goldman partners, according to two former Goldman employees.Nov 13, 2012read more >>