People generally do not embark on a career at Goldman Sachs expecting “work-life balance.” For junior bankers and traders, the Goldman environment is known as especially competitive and demanding.

Given the sacrifices that junior employees have to make to stay alive at the firm and the singular focus on making money, it may surprise some to learn that pay for people starting at Goldman falls short of industry standards. As reported this past weekend in a Financial Times article, “Goldman wrangles over whether to pay junior bankers higher salaries,” you can expect to make less in your first year at Goldman than at other Wall Street firms.

The article cites Wall Street Oasis figures indicating t ...