And total compensation fell 20%!
OK, and we all know that there's no such thing as an 'average bonus', nevertheless......
Goldman Sachs International, the European arm of Goldman Sachs, said compensation costs in 2014 fell 20% to $3bn.
Bloomberg News reports that the unit paid on average $537,442 in pay to its employees, according to filings on its website.
The firm had 5,582 employees at Goldman Sachs International in 2014, or 2% more than a year earlier.
Bloomberg previously reported that Wall Street’s bonus pool rose 3 percent to $28.5 billion in 2014, according to estimates by New York state Comptroller Thomas DiNapoli.
Employees took home an average bonus of $172,860 as the industry added 2,300 jobs in New York City, the first time it’s expanded since 2011, DiNapoli said Wednesday in a statement.