Goldman Sachs Reviews

Updated August 18, 2014
Updated August 18, 2014
1,698 Reviews

3.6
1,698 Reviews
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
1,138 Ratings

Review Highlights

Pros
  • The best thing about the firm is outstandingly smart people at the firm (in 166 reviews)

  • You will learn a lot about how to work under stress and tight deadlines (in 43 reviews)


Cons
  • Work life balance is non existent if you want to proceed up the corporate ladder (in 283 reviews)

  • Long hours and work environment was not personally what I am looking for (in 356 reviews)

More Highlights

66 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    What an awful place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Administrative Assistant  in  Houston, TX
    Former Employee - Administrative Assistant in Houston, TX

    I worked at Goldman Sachs as a contractor for less than a year

    Pros

    Pays good, you make good contacts if you're a regular employee, especially someone who brings money in, you're LOVED.

    Cons

    Nasty people for the most part, and if you're not one of "them" or over a certain age, you're just there. If you're not a wealth management person, you're part of the furniture and no one has two words to say to you. This was a shock coming from an office where EVERYONE said "good morning." I just stopped talking and spoke only when spoken to. After following rules and doing my job, I got tired of being looked at like I was bothering someone.

    People are recruited right out of college, their egos bloated with how great they are, and they burn out by 35 or 40--especially the men, who look way over 50 in some cases. The people who can't stand it anymore leave, so they're constantly recruiting new people. I kept hearing about what a great place it was to work, but nobody could tell my why people leave, and why I wasn't good enough to be hired on.

    I'm glad I'm gone.

    Advice to ManagementAdvice

    Get over yourself and learn to respect ALL your employees. It only takes one disgruntled employee to cause a lot of problems--I'm not that person, but you never know who will be.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  2. 3 people found this helpful  

    Vice President, NY - Don't believe the hype!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  New York, NY
    Current Employee - Vice President in New York, NY

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

    Pros

    good benefits - wellness center - cafeteria. Smart people, name is good for résumé.

    Cons

    Horrible environment/culture, cliquish, snobby, condescending, cut-throat, unhappy and over-worked employees. Unless you have a connection to someone in upper mgmt don't expect to be treated w dignity. Smart but stupid - inflated egos that won't allow for self reflection on their improvement. Employes are not their best assets as proclaimed. Spare yourself of this cult-like culture. Run if you can and don't look back.

    Advice to ManagementAdvice

    Be human and implement realistic expectations and get rid of the bullies and the tyrants. Respect makes people perform and builds confidence.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Security company horrible they treat you like crap

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Security Officer  in  New York, NY
    Former Employee - Security Officer in New York, NY

    I worked at Goldman Sachs full-time for less than a year

    Pros

    Best pay rate I've ever had good steady hours unlimited over time union benefits

    Cons

    OMG were to begin ...securing a bunch of pompous snotty people isn't pleasant they expect you to keep them safe but they treat you like crap. Co workers, very few were sincere most of them are a bunch of kiss butts back stabbing just to make themselves look better in front of management . The managers only 1 of them were reasonable the others were a bunch of corporate puppets .

    Advice to ManagementAdvice

    Stop selling your soul to the devil for a check .... Have some respect for yourself and other humans.

    Recommends
    Negative Outlook
    No opinion of CEO
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  5.  

    Challenging 10 weeks, in a bad way

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Associate  in  New York, NY
    Former Employee - Summer Associate in New York, NY

    I worked at Goldman Sachs full-time for less than a year

    Pros

    Some folks were great, a lot of folks were fine.
    The exposure to senior level meetings and decision making was truly valuable.

    Cons

    Naturally, the hours were bad, but presumably you know what you are signing up for. I had worked long hours before but it is much harder without the sense of teamwork, camaraderie, and gratitude from senior folks.
    A few people were genuinely malicious and there was no way to protect yourself from them and no recourse when you were mistreated. Before I started people told me that a lot of backstabbing goes on at Goldman. I didn't really know what that meant until a few weeks into my summer.
    Most people were smart enough, but they didn't seem to be anything exceptional. If anything, the experience gives you the sense that smartest guys on Wall Street really aren't that clever.
    The simplistic level of the financial analyses and the lack of thought that goes into the inputs to analyses was eye-opening.

    Advice to ManagementAdvice

    I advise others to kiss everyone's ass all the time without reserve. If you're not ready to spend your summer (and probably your career) doing that then you might need another plan. That seems to be what folks at Goldman mean when they talk about teamwork.

    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    worst experience ever. I regret stepping into this so called best company to work for. It is an illusion on paper.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Goldman Sachs full-time for less than a year

    Pros

    Employees are spoiled with big salaries, big bonus, perks and rewards here and there.

    Cons

    Major back stabbing, hierarchy issues still at play, assistants are miserable, old, have festered and cranky. No room for growth whatsoever for the assistants. Profanity usage runs galore. There is no confidentiality. You can hear everything about the client being discussed by employees even when they are bad mouthing the client.

    Advice to ManagementAdvice

    Nothing or nobody can save anybody. Not even the man above.

    Doesn't Recommend
    Negative Outlook
  7. 2 people found this helpful  

    In the words of the man who threatened to fire me, "This place isn't for everyone".

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Associate  in  Salt Lake City, UT
    Former Employee - Financial Associate in Salt Lake City, UT

    I worked at Goldman Sachs full-time for less than a year

    Pros

    Goldman offers fantastic training seminars that anyone is welcome to attend. Also, I really did feel like I was learning from the best in the banking industry. The wealth of knowledge that the business leaders have is unbelievable, and if you can manage to schedule some time with them, you'll probably learn more about the industry than you could anywhere else.

    Cons

    Constant fear. Every person in the office I worked in in Salt Lake knew that only a few missteps could cost them their job. Once a year management picks a bunch of employees they want to replace and walks them out the door (keep in mind, these are all brilliant, hard-working people). Management will remind you of these routine expulsions as means of motivation. Working at Goldman is an intense scramble to be better than your co-workers, because you know that if they happen to be better than you, you will be treated as expendable. I was more anxious and stressed at Goldman than I've ever been in my career, and developed constant, throbbing headaches and had a very hard time sleeping. If management thinks they can replace you with someone better, they won't hesitate to do it. Firing dedicated employees is a very common and cavalier occurrence at Goldman.

    A culture of rudeness and extreme passive-aggressive behavior is pervasive throughout the company. If someone thinks you aren't important, they often won't respond to your e-mails or calls, regardless of how desperately you need their help. This kind of behavior is completely accepted. Also, expect business leaders to be extremely critical and demanding.

    Advice to ManagementAdvice

    My advice would be to treat employees like people who have lives and families and dreams; not as objects to be used up and disposed of when they no longer meet the needs of the company's "High Value Location". (This is a term used at Goldman in reference to offices in Bangalore, Salt Lake City, and Dallas where employees are cheap.)

    Doesn't Recommend
    No opinion of CEO
  8.  

    lack of caring for loyal workers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Goldman Sachs full-time for more than 10 years

    Pros

    good pay & bonus and opportunity to learn

    Cons

    knowledge and loyalty are not always rewarded

    Advice to ManagementAdvice

    age discrimination is apparent

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Very poorly managed.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Irving, TX
    Former Employee - Anonymous Employee in Irving, TX

    I worked at Goldman Sachs full-time

    Pros

    Name recognition of Goldman Sachs on resume.

    Cons

    Micro-managed. Very poor morale amongst non-management.

    Advice to ManagementAdvice

    Get rid of middle management.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. 3 people found this helpful  

    This is the world's most efficient money-making machine. No more, no less.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Salt Lake City, UT
    Current Employee - Anonymous Employee in Salt Lake City, UT

    I have been working at Goldman Sachs full-time

    Pros

    - This place will be truly excellent for one in ten people who are ranked and rewarded accordingly (not unique to here, but true nonetheless).
    - Definitely mostly nice, smart & witty people (as we've been vetted not just here, but through all the various work & educational achievements throughout our lives).
    - Corporate America at it's best

    Cons

    - Most SLC work is at best boring, at worst suicidal.
    - People are lying about how much they work. Think 50-60 hrs, not 80-100 hrs. You're not that important and are discentivized anyways from working that long (1/2 overtime anyone?).
    - Corporate America at it's worst

    Advice to ManagementAdvice

    You're attracting many of the wrong people in a high risk/high reward fashion to see if you can recruit from other industries under the guise of empowering people when you actually want them to use Excel. It's great as long as you can keep the facade up, but one day you may run out of people you want and wish you kept a few more that wised-up to your game.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Everyone in the SLC office is miserable

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Goldman Sachs

    Pros

    The people in the other offices are talented

    Cons

    Low pay, long hours, expect you to bend over backwards for them to not reciprocate in any way

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