Goldman Sachs Reviews

Current Employee – been working at Goldman Sachs

Pros – - Greate name on your resume
- Opportunity to improve current processes
- Nice on-site facilities

Cons – -Wont pay masters degree need approval which will not happen after at least 2 years
 -very long hours
- no lunch hour
-no holidays(depending your division)
- team leaders will shine through your work as they do nothing
- no opportunity to change division
- need at least 18 months to move to another division
-people is arrogant
-no one is looking to teach you or help you
-low salary and low bonus
-boring job
-boring projects
-you wont learn about the markets or how to invest
-you will make more money somewhere else than here

Advice to Senior Management – The organization needs to become more flat, less working hours for the teams, more people across division, rotational lunch hours, remove bad management, increase salary to people in ops they are the backbone of the firm and they dont get recompensed properly.

No, I would not recommend this company to a friend

Former Employee – worked at Goldman Sachs

Pros – Benefits... Health care, 401k, all the best. If you like operations work, this is the place to be. Ranked as the top employer in Utah.

Cons – For working in Salt Lake City, it pays well. However, a same-level operations analyst in NYC/Jersey City makes much more. Further, much of your pay is based on performance bonus, which reviews are heavily biased and leaves room for wage discrimination. Immediate management is out-of-touch. Merit rewards no one... if you'd like to succeed, be sure to network well and create the perception of value. Emphasis on "perception". Overtime pay is half-time... but if you work any less than 50 hours/week, you'll yourself in a serious "conversation" with your manager--regardless as to whether you have work left to do. Again, the perception of being a valuable employee, and this includes just working late for the sake of working late, is what matters. But if you still want the job, make sure you play to Goldman's egos, as they like to hear how "big-deal" they are, because they work for a "big-deal" company. There are very few finance roles at GS Salt Lake City... it is a major operations hub for GS.

Advice to Senior Management – No advice to senior management.

Yes, I would recommend this company to a friend

Current Employee – been working at Goldman Sachs

Pros – Fairly well compensated (though in line with comparable firms), good benefits, including an onsite gym. Some very good, decent, smart people.

Cons – "Kool-aid drinkers" advance; others don't. Little tolerance for constructive suggestions or criticism. Focus on technical process at the expense of cultivating employees. People have been burned out since the 2008 meltdown, with few new hires after several rounds of layoffs.

Advice to Senior Management – Focus on integrity and real humility. Constant emphasis from management that GS is better than everyone else, more team-oriented than everyone else, etc. has bred a culture of entitlement and arrogance that has played a role in the company's poor reputation.

No, I would not recommend this company to a friend

Former Employee – worked at Goldman Sachs

Pros – being blamed on the main street all the time, Goldman has its reputation in the industry

Cons – first of all, Goldman promotes its culture of "hard working", where normal work hours is characterized by 9-8
second of all, half of the empolyees are not fairly treated in terms of compensation

Advice to Senior Management – pay more respect to the employees

Current Employee – been working at Goldman Sachs

Pros – The pay is above average without a question

Cons – put into practice what you preach

Advice to Senior Management – work-life balance?

No, I would not recommend this company to a friend

Current Employee – been working at Goldman Sachs

Pros – Good benefits, great brand name and great pay. There is definitely some focus on career development but depends on managers initiative and interest in developing his direct reports.

Cons – Long hours, boys club, and a bit of an attitude problem since everyone believes they are the best in their line of work.

Advice to Senior Management – Management is proud of the culture they built, but it promotes arrogance. Results are valued above all else, so people don't look at the way the results are achieved which can lead to reputational issues.

Current Employee – been working at Goldman Sachs

Pros – A lot of very smart people, interesting projects. You wll have a lot of exposure to various teams. It's quite prestigious to have Goldman Sachs on the resume.

Cons – You will work like a donkey, with no life-work balance, day and night.
The company is 'cheap'-- expect only Lipton in the pantry. A lot of politics, and promotions are very hard to get.

Advice to Senior Management – Understand that employees have a life outsde of work. By offering some outings to employees, or putting a bit of money into outside-office activiies you wil havemuch more satisfied employee.

No, I would not recommend this company to a friend

Former Employee – worked at Goldman Sachs

Pros – talented people to work with, opportunities to enhance business knowledge and technology; good pay and bonus

Cons – stressful work culture; office politics; you can get unnoticed if you are not a "yes" man to your boss (again depends on the group and the manager);

Advice to Senior Management – To managers who don't treat employees fairly - please change your attitude

Yes, I would recommend this company to a friend

Current Employee – been working at Goldman Sachs

Pros – Good benefits, vacation days.
Emphasis on business principles, work ethics, diversity etc..

Cons – Long hours. For certain people, salary may not compensate you enough for time lost with friends, family.
Promotion process is not straightforward and decision may involve people who never worked with you.
Most of Finance has moved to Jersey City.
Lost many talented people during the year due to the lack of compensation (which is understandable), understaffing (much more work for those who remained).

Advice to Senior Management – Great management team.

No, I would not recommend this company to a friend

Current Employee – been working at Goldman Sachs

Pros – Don't be fooled when they tell you operations is not a back office/call center. The pay is okay and the vacation is great. The only good thing I can really say is the vacation and health benefits.

Cons – highly stressful, LOW pay, bad managers that are old and don't really listen to what you have to say. Highly political and is almost a dead end job especially if you live in Salt Lake. If you average the amount of hours you work by your salary you are making about the same as someone in a department store. What can you expect they hire people with different "degrees" music majors, science, engineers....usually people with absolutely no finance background.

Advice to Senior Management – The compensation needs to be fairly distributed across all divisions if you want to keep talent. at this rate you will drive the company to the ground

No, I would not recommend this company to a friend