Goldman Sachs Reviews in London, England

Updated August 5, 2014
Updated August 5, 2014
1,765 Reviews
3.7
1,765 Reviews
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
1,168 Ratings

Review Highlights

Pros
  • The best thing about the firm is outstandingly smart people at the firm (in 180 reviews)

  • People are smart (no one can be lazy, people always challenge you, you learn a lot) but humble (in 45 reviews)


Cons
  • Work life balance is non existent if you want to proceed up the corporate ladder (in 317 reviews)

  • Expect to work long hours (even though management says office "face time" is not important (in 388 reviews)

More Highlights

15 Employee Reviews Back to all reviews

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  1.  

    Spring Week

    Former Employee - Spring Intern in London, England (UK)
    Former Employee - Spring Intern in London, England (UK)

    I worked at Goldman Sachs part-time

    Pros

    Smart people who aim high.

    Cons

    Can be two faced at times.

    Doesn't Recommend
    No opinion of CEO
  2. 6 people found this helpful  

    Disgraceful treatment of people with long term illness useless middle management and too much off shoring

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Analyst Developer in London, England (UK)
    Former Employee - Senior Analyst Developer in London, England (UK)

    I worked at Goldman Sachs full-time (more than 5 years)

    Pros

    Total depends on which team you work in - some are great and deal with new/interesting projects, others are just keeping the lights on.

    Cons

    You find some "managers" have just been brought up by inertia/the vacuum of their managers being promoted and they're often not up to/suitable for their job.

    The 360 degree review is complete bull, managers have the power to change the score to whatever they want so even if you average in the upper percentiles they can change this so that you look useless (and this stays on your permanent record).

    Base pay, as always at goldman, is a little less than industry standard but no longer are they making it up with the bonuses they used to.

    Despite all their "lgbt/black/Asian" etc networks there's still prejudice at even a fairly senior level and reverse prejudice (people saying that an intern must be hired as they fit xyz profile).

    If you're looking to be a developer in London, forget it. All work is done by the low cost or "high value" as they prefer to call it centres (Bangalore in India). And woe betide anyone who finds fault with their work or question why projects are running 100% overtime and still nowhere complete.

    Advice to ManagementAdvice

    Bring the work back to the uk, pay people what the rest of the industry do and listen to the people on the ground.

    Get rid of the middle management who know nothing of technology (struggle with simple SQL queries and can't even use excel or write a shell script). Who can't project manage, call avalanche method agile and don't have a clue what they're doing.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3.  

    Negative to neutral

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Associate in London, England (UK)
    Current Employee - Sales Associate in London, England (UK)

    I have been working at Goldman Sachs full-time (more than 3 years)

    Pros

    Great learning experience and better pay than peers

    Cons

    Stressful and over-exhausting to the point of over-consumption

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 3 people found this helpful  

    Think twice before you join them. You may be OK for a while but don't stay too long or you will turn into one of them

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in London, England (UK)
    Current Employee - Software Engineer in London, England (UK)

    I have been working at Goldman Sachs full-time (more than an year)

    Pros

    Good pay. Looks good on your resume. Up to date with technical trends. Focus on technology. You get to work with some very competent people and learn a lot.

    Cons

    It's a toxic culture. It's like swimming with the sharks. You sink or swim. It doesn't matter if you're good or bad at what you do. You have to literally be a shark to survive in that world. People will step on your face and crush you to impress the next middle manager up the line. OK, they pay really well if you climb up the ladder, but you have to be willing to sell your soul to the devil.

    Advice to ManagementAdvice

    You are not God

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Many more lows than highs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Equity Research Analyst in London, England (UK)
    Current Employee - Equity Research Analyst in London, England (UK)

    I have been working at Goldman Sachs full-time (more than 3 years)

    Pros

    Good learning experience from working in high pressure environment

    Cons

    Management don't understand how to motivate people or care about their happiness. This drives high churn and a feeling of discontent amongst many employees. Tempered by the likelihood that the GS brand will get them the job that they really want.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Sweet and sour experience - started sweet, going sour

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Analyst Developer in London, England (UK)
    Current Employee - Senior Analyst Developer in London, England (UK)

    I have been working at Goldman Sachs full-time (more than 5 years)

    Pros

    Name looks good on cv.
    Ability to work globally with wide variety of people.
    Good internal training facilities - classroom and e-learning courses and talks by internal/external industry experts.
    Gym has just been refurbished.

    Cons

    Pay is significantly down and now well under market rate (both base and overall total comp)
    Reviews are a joke - supposedly 360 degree but manager has total veto rights on everything and can skew review any way they like meaning you need to seriously brown nose to get ahead. Obviously contradicts the image of a meritocracy that they like to portray.
    Toxic environment due to understaffing and off shoring work (and lack of pay) - no development done in London any more. London is mainly used to manage offshore resources.
    Yearly 5% cull, somehow people never seem to get replaced. The way its done is not very good for team spirit as it doesn't all happen in one batch, rather is stretched out into 2/3 sessions weeks or even months apart.

    Advice to ManagementAdvice

    Speak to the little people - they're not happy. Informal, anonymous (truely anonymous) surveys will give you an idea of what people are really thinking but people are often a little hesitant with the current surveys as they appear trackable.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    average place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Product Control in London, England (UK)
    Former Employee - Product Control in London, England (UK)

    I worked at Goldman Sachs full-time (more than 3 years)

    Pros

    work with very smart, ambitious people
    everyone is very proactive

    Cons

    long hours
    very political place to work
    do not 'really' care about employees

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Secretive culture, difficult to move departments, intimidating atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Analyst in London, England (UK)
    Former Employee - Operations Analyst in London, England (UK)

    I worked at Goldman Sachs full-time (more than an year)

    Pros

    Office facilities, gym, canteen very good
    Lots of opportunities for training

    Cons

    Secretive culture
    Promotion scheme too formal, all about length of time at firm not quality
    Management are too narrow minded
    Intimidating unfriendly atmosphere

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    Be wary of Operations if you are Commercial or Opinionated as that wont be rewarded and you'll soon be frustrated

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Associate in London, England (UK)
    Current Employee - Operations Associate in London, England (UK)

    I have been working at Goldman Sachs full-time (more than an year)

    Pros

    Great name and brand in the industry
    A lot of hardworking and smart colleagues who you can learn from
    Plenty of lectures, initiatives and guest speakers
    If you are junior your underpaid but if senior you are overpaid

    Cons

    Lives off its name and so knows most people are scared to leave
    No Independent thinkers just Yes men/women on the Operations side
    Juniors are worked extremely hard with the hours to match but underpaid compared to other companies particularly on the bonus side.
    Most junior staff don't have experience outside GS as they came straight from University to Grad Scheme so think the Intense culture is normal. External hires notice immediately that a lot of people have drunk the Kool Aid.
    Great if you are senior but if junior on the Operations side your career is not in your hands but the ability of your manager to promote your work well upwardly which means progression not meritocratic
    You basically spend your day as a call centre for the revenue generating functions so expect to pander to them no matter how junior they are. Remeber they own the PnL!!!

    Advice to ManagementAdvice

    To Operations management you have a lot of talented juinior staff so let them play their part in the success of the company. Stop the micro managing and secrecy and stand up to the demands of the business when they don't serve to benefit the firm. Loosen the ranes on the experienced, ambitious and talented or they will move across to a revenue generating function or externally to find more responsibility.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Human resources employee

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Graduate Recruitment in London, England (UK)
    Current Employee - Graduate Recruitment in London, England (UK)

    I have been working at Goldman Sachs full-time

    Pros

    Well known orgainsation
    good to have on CV
    considered the best IB

    Cons

    Very harsh people
    made me depressed and gave me suicidal thoughts
    I will never be the same happy person I was

    Advice to ManagementAdvice

    The organisation is good as long as your senior but the pople at the bottom will won they get there we will all run away before that time if your not careful. Biggest mistake of my life.

    Doesn't Recommend
    No opinion of CEO

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