Goldman Sachs Reviews

Updated April 29, 2015
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2.0
165 Reviews
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
81 Ratings

165 Employee Reviews

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  1. Lack of attention to professional growth

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

    I worked at Goldman Sachs full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Great projects, intellectually stimulating work

    Cons

    Lack of attention to professional growth, sink or swim culture, lack of meritocracy

    Advice to Management

    nurture your young employees better

  2. Helpful (1)

    Rode hard and put away wet

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

    I worked at Goldman Sachs full-time (Less than a year)

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

    Pros

    Smart, extremely hard working colleagues
    Very professional environment
    Looks stellar on resume

    Cons

    Severely underpaid for the work you do
    Extremely long hours - it was common to start the day at 7 am and not leave until 7 or 8 pm.
    The 'culture' does not allow you to take a lunch break, you have to eat at your desk while working.
    Overtime pay is only half pay, which is insulting since you are unofficially mandated to work overtime.

    Advice to Management

    Show us that you value your employees. Treat us like humans who have needs, like the need to take a break once in a while, and recognize that your employees need to have a life outside of work. Tons of GS workers are burned out and miserable but stay because of the prestige of working for a firm like GS.

  3. Helpful (1)

    Great firm packed with politics!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Intern
    Former Intern - Intern

    I worked at Goldman Sachs as an intern (Less than a year)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Competitive salary, so many intelligent people under one roof, brand name, challenging environment, helpful team members

    Cons

    no work life balance, some teams are full of politics, untrained manager who is learning along with the internee, HR would lie on face to cover for their inefficiencies, no mode of escalating an issue to management, mobility opportunities are taken personally by some teams

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  5. Helpful (1)

    Sweat Shop in Technology department

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

    I have been working at Goldman Sachs

    Pros

    Good on your resume
    Will meet hard working people .

    Cons

    constant cost cutting initiatives.
    Goldman technology feels they are great in technology and different than other firms.Surprisingly these comments only come from people who have never worked outside the firm. Reality is that they are not really different and in fact their technology is very out dated resulting in hard work for people and difficult release cycle.
    Everyone I meet has a constant fear of layoffs. They are just hanging in there till the inevitable layoffs happens
    Not a good option for 10+ years experience laterals.Most would be used for layoffs bucket or lower ratings in appraisal cycle
    Benefits that used to great are declining every year.health benefits premiums and deductible has increased a lot
    No work from home even for genuine cases
    All in all not worth the hard work you put in. Better compensation/work life balance outside

    The whole firm is pushing toward outsourcing to save money.
    It has a 20-20 rule. Be prepared to work 20%more on 20% less salary than competitors
    They will really keep an eye on you on every small things like when you come to office,how may breaks youtake etc

    Advice to Management

    Please accept that you are in cost saving mode and don't try to pretend you have work culture of Google/technology companies

  6. Technical Analyst

    • 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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    People are very supportive of your career goals

    Cons

    Hours are longer than expected and compensation doesn't reflect that

  7. Helpful (1)

    Rigged with bureaucracy and mis-management

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

    I have been working at Goldman Sachs full-time (More than a year)

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

    Pros

    in general organization is very good. It really takes care of its employees. it offers good benefits and health plans

    Cons

    good organization to work for BUT the experience really depends on the team. People are promoted based on how good their relationships are with higher management and not on the basis of the quality of work and value they are adding. Managers are not aware of their team members skill set and they totally fail at creating opportunities for their career advancement.
    no acknowledgement or recognition for the people who are working for 11-12 hours a day. Their work goes unacknowledged.

    Advice to Management

    Please try to retain people who are working for you for 10-11 hours a day and PLEASE acknowledge their work.
    Instead of promoting people on the basis of boot licking or cajoling; try to promote people on the basis of quality of work they are doing.
    Try to find opportunities for people on the basis of their skill set

  8. Different group, different culture, different experience

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

    I worked at Goldman Sachs full-time (More than a year)

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

    Pros

    You generally work with smart, accountable coworkers.

    Cons

    Totally different experience from different groups/departments. The culture in NYC is far better than one in NJ, however at the time flexible work hour and wfh was not a normal practice then, I probably will enjoy working there longer if I started in NYC, work life balance is an issue especially when one has to commute to office every day.
    Compensation was worst in the worst 2 years I worked there.

  9. Helpful (1)

    Poor work life balance and underwhelming bonuses. Not worth it.

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

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

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Work with smart people
    Collaborative environment

    Cons

    Performance forced ranking system
    Work life balance

    Advice to Management

    Improve your performance management model.

  10. Helpful (3)

    Operations Summer Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - PWM Operations Summer Analyst in Salt Lake City, UT
    Former Employee - PWM Operations Summer Analyst in Salt Lake City, UT

    I worked at Goldman Sachs

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Prestige and pumps up your resume. I got all my interviews with other companies mostly because Goldman was in my resume.

    Trust me, rejecting the offer was the best thing i could have done. Not having a job is scary but Goldman helped me land a top tier job. You can greatly leverage this internship experience with any company.

    Cons

    Operations requires no skill and is absolutely unrewarding. You will write e-mails and create projects for internal use, no revenue generating. Higher management is unimpressive and I cant see anyone in the office being able making a sale, close a deal, or analyze financial data.

    Don't be fooled, Goldman people are impressive and sharp in IB, Sales, Research, and several other divisions, but being in Operations is like if you were working for an entirely different company.

    Of course there are smart people in there, but i will bet a million bucks that if you gave them the chance to go back in time, most of them would have not taken the offer and would be better of somewhere else. Don't be scared to reject the offer, but if you accept it make sure you understand what you are going into.

    Great job for anyone that comes from a low-tier school, they recruit from great schools and from very weak ones. If your school has a name or is prestigious I wouldn't take the full time offer, leverage it.

     You are and will be a secretary for the business side if you stay in operations, that's the ugly truth.

    DO internal mobility, that's the best shot at another division.

    Advice to Management

    My managers were great but some others need to be better leaders. Be impressive!!!, I was very unimpressed by the personalities I encountered.

  11. Helpful (1)

    A growth opportunity, learning to think and work strategically

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

    I have been working at Goldman Sachs full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    The benefits can not be beat.
    Work with mostly intelligent people.
    High stake responsibilities given to you on day one.
    Everyday can be a challenge to overcome but over time you'll see your own growth and realize you are stronger than you thought possible.

    Cons

    Management is never trained. They pick top performers and promote them to mangers- unfortunately most lack the interpersonal skill set needed to be a great leader.
    The stress is through the roof. You breathe the wrong way and they assume you broke an account.
    The hours are unruly - they will never tell you to go home. They will continue to overload your plate with more than you can manage and expect it to be perfect.
    No real training. Follows the monkey see monkey do attitude.
    Politics. The worst! Need to ensure you brown nose the right people to get promoted and make a difference.

    Advice to Management

    Under go people training. While you are very good at a function you may have once performed you typically are not good at working with people. Be more direct and to the point. Do not expect your team to pick up your slack or do things you yourself won't do. Learn to laugh and be a human not a drone.

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