Winkelried worked as an intern in the equities trading department at Goldman Sachs in the summer prior to graduating in 1982. He later accepted a permanent job at Goldman in the investment banking department in the Utilities Group. In 1984, he moved to the trading floor and soon was heading up the bond syndication business. In 1990, he became a partner. From there, he moved to
London to turn around the European side of Goldman's fixed-income, currency, and commodities division (known as FICC). He was made co-head of FICC with
Lloyd Blankfein. FICC was returned to solid profitability. In 2023, Winkelried's total compensation from TPG was $198.7 million, up 487% from the previous year and representing a CEO-to-median worker
pay ratio of 683-to-1 for the company, as well as making Winkelried the highest paid CEO in the US that year. ==Personal life==