Ex-Goldman Sachs banker says Manhattan HQ is rife with misogyny as colleagues ranked women

Ex-Goldman Sachs banker says the Manhattan HQ is so rife with misogyny that colleagues keep a spreadsheet ranking female recruits on their ‘f**kability’ and demand it be updated with ‘tit size and ass shape’

  • Jamie Fiore Higgins, 46, a former analyst at Goldman Sachs, details her experience with the investment banking company in a new book, ‘Bully Market: My Story of Money and Misogyny at Goldman Sachs’
  • Higgins graduated from Bryn Mawr College in 1997 and joined Goldman Sachs in 1998
  • Her book details her experience working inside the company’s Manhattan office, which she says made her feel ‘like human poison’

A former Goldman Sachs analyst has detailed her experience inside the company’s Manhattan headquarters in a memoir, including one incident where her colleagues ranked women on their ‘f**kability.’

Jamie Fiore Higgins, 46, explored her 17 years at the investment banking company through her memoir, ‘Bully Market: My Story of Money and Misogyny at Goldman Sachs.’

Higgins writes about the spreadsheet, in which she recounts one employee declaring, ‘I want tit size, ass shape and leg length,’ in addition to other moments of harassment and physical altercation.

After removing one employee from an account because he was having an affair with the client, Higgins says he grabbed her by the throat and pinned her to the wall.

‘If I could, I’d rip your f**king face off,’ he yelled.

Once she reported the incident to her boss, Higgins said that the employee would not be fired because her boss could not ‘afford to lose his golf connections.’

Jamie Fiore Higgins, 46, outlined her 17-year career as a financial analyst inside Goldman Sachs's Manhattan headquarters in a new memoir

Jamie Fiore Higgins, 46, outlined her 17-year career as a financial analyst inside Goldman Sachs’s Manhattan headquarters in a new memoir 

Higgins's memoir, 'Bully Market: My Story of Money and Misogyny at Goldman Sachs,' describes several encounters of harassment in the investment bank's workplace

Higgins’s memoir, ‘Bully Market: My Story of Money and Misogyny at Goldman Sachs,’ describes several encounters of harassment in the investment bank’s workplace

According to an excerpt from her book, Higgins said one employee grabbed and raised her by her throat and said he would rip her face off

According to an excerpt from her book, Higgins said one employee grabbed and raised her by her throat and said he would rip her face off

Higgins attended Bryn Mawr College and graduated in 1997.

After wanting to become a social worker, Higgins was told by her mother that she needed a higher-paying job to pay off student loans.

In 1998, Higgins completed the Goldman Sachs training program and passed her licensing exam to become a financial analyst. After her first year, Higgins was awarded an $80,000 bonus.

Her first promotion in 2006 came with an understanding that she stop having children, she writes.

Responding to her promotion, she says one employee disapproved and said ‘the only reason you got it is because of your vagina.’

‘Most guys at Goldman assume that women who get promoted either filled a quota or screwed … someone,’ she said. 

While attending Bryn Mawr College, Higgins said she wanted to become a social worker before opting to take Goldman Sachs's training program

While attending Bryn Mawr College, Higgins said she wanted to become a social worker before opting to take Goldman Sachs’s training program

Higgins was urged by her mother to pursue a career that would pay for her college loans

Higgins was urged by her mother to pursue a career that would pay for her college loans

After receiving her first promotion within the company in 2006, Higgins remembers being accosted by her co-workers who said she only received the promotion because she 'had a vagina'

After receiving her first promotion within the company in 2006, Higgins remembers being accosted by her co-workers who said she only received the promotion because she ‘had a vagina’

Complementing her own experience, Higgins adds that other women told her about their experience at Goldman Sachs, including one who said she quit because her work was delegated to the men in the office.

Other women told her of how senior members at the company would stare at their breasts or offer shoulder massages.

Because of the stories and moments of misogyny she experienced with her colleagues, Higgins said she thought of quitting many times.

Though the environment at Goldman Sachs was treacherous, she said she held onto her employment because of yearly bonuses handed out each January. One year, she added, she reached a yearly salary of $1 million.

The salary and the bonuses were important to Higgins in supporting her family.

Though she considered quitting numerous times during her stint, she said she continued to hold the position because of annual lucrative bonuses

Though she considered quitting numerous times during her stint, she said she continued to hold the position because of annual lucrative bonuses

While taking Xanax to handle the stress of her workplace, Higgins said she focused on the bonuses as a way of maintaining focus. One year, Higgins received an annual salary of $1 million

While taking Xanax to handle the stress of her workplace, Higgins said she focused on the bonuses as a way of maintaining focus. One year, Higgins received an annual salary of $1 million

To handle the stress of the workplace, Higgins writes that she would regularly take Xanax.

After suffering a miscarriage one year and requesting time off, her boss told her ‘you were hardly pregnant and it’s been three days already.’

‘When my wife had a miscarriage, she was fine after a few days.’

In response to her first poor performance review after 17 years with the company, she was advised to take down her kids’ photos from her desk.

‘I need a commercial killer, Jamie, not a class mom,’ she recounts.

Higgins said it was more important for her to receive her lucrative salary and bonuses to support her family than to succumb to the workplace environment

Higgins said it was more important for her to receive her lucrative salary and bonuses to support her family than to succumb to the workplace environment

After receiving her first poor performance review, which used phrases like 'motherly,' Higgins said her 'career and reputation were being sabotaged' before she quit in 2016

After receiving her first poor performance review, which used phrases like ‘motherly,’ Higgins said her ‘career and reputation were being sabotaged’ before she quit in 2016

Her performance review included phrasing like ‘motherly.’

‘It was official: my career and reputation were being sabotaged,’ she said.

‘There was an intentionality behind this madness: to keep the strongest relationships with management and the largest clients, and therefore the influence, with these types of men.

‘It maintained the old boys’ club and solidified its power.’ 

A Goldman Sachs spokesperson told The New Yorker: ‘We strongly disagree with Ms. Higgins’ characterization of Goldman Sachs’s culture, and we decline to respond to anonymized allegations.’

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