Goldman Sachs Reviews

Updated April 18, 2015
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3.0
39 Reviews
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
21 Ratings

39 Employee Reviews

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  1. Intern Software Developer

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

    I have been working at Goldman Sachs as an intern (less than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    - Global exciting company
    - Access to a fascinating world of finance and business
    - Excellent pay

    Cons

    - Small cog, big machine
    - Work is pretty boring
    - Long working hours
    - Little innovation

    Advice to Management

    You limit your developers by discouraging thinking outside of the box, asking questions or pushing limits. I've since moved to be a mobile developer for startups, and find many banks are simply buying out/acu-hiring startups. If you gave developers the option to think like a startup, I think you could achieve much more.

  2. Associate strategist

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

    I worked at Goldman Sachs full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Lots of opportunities available and access to everything about financial markets.

    Cons

    Too much polítics, not as much meritocracy as one would expect.
    Long hours not always rewarded.

    Advice to Management

    take more into consideration divisions not directly related with the "business" and reward based on work and delivery rather than on politics.

  3. Challenging

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

    I worked at Goldman Sachs

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

    Pros

    The pay and extra benefits are very rewarding, you end up working with very smart people that you can learn from, career advancement opportunities are plenty.

    Cons

    I guess the biggest dissadvantage is the fact collaboration is not fostered by higher management. This could lead to higher stress.

    Advice to Management

    The main advice for management is to do more to
    foster cooperation. Big deals are not made by just an individual but by a full team.

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  5. Fractious but may have changed

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Smart people, ahead of the curve. Smartest most informed traders on the street, due to organizational infrastructure.

    Cons

    Change of Job Scope on Day 1. Change of reporting lines on Day 1. Immediate Mgr had no idea about job scope. Smart people sometimes think too highly of themselves.

    Advice to Management

    Sort out reasons for a hire BEFORE making it.

  6. Helpful (1)

    Professional and very diverse, but not the ideal place for a technologist

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    * On average mostly smart people, down-to-earth
    * Professional and very diverse
    * Great job security for good performers
    * Some truly great managers

    Cons

    * Technology division still not seen as a revenue-generator, nor core enough to the business, and relatively poorly compensated
    * Still somewhat bureaucratic -- arbitrary non-meritocratic guidelines set by HR (minimum experience required for promotions etc)
    * Proprietary and non-transferrable technologies -- makes technologists not want to stay for too long
    * Huge lack of transparency into employee compensation -- person next to you could be just as good but get 40% less/more
    * Mostly only the top 1% are paid better than other banks

    Advice to Management

    * Change senior management perception and culture towards technology
    * Reduce bureaucracy

  7. Dynamic and fast paced environment where one can develop professionally at a rapid rate

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    There are many resources available to develop your technical and interpersonal skills. You are working with very smart people and there are opportunities for those who are adaptable.

    Cons

    Work life balance is hard to achieve because you are constantly challenged. Also, it is really hard to transfer from mid office to front office so it is important that you accept an offer in the division where you really want to be in.

  8. Helpful (1)

    Add value to the firm, but don't forget to add value to yourself

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

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

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

    Pros

    Some of the smartest people work at Goldman Sachs. For an intern/graduate it is a good place to learn and start building a career. Depending on the team you could be working with cutting-edge technology. If working in front office teams you will have plenty of exposure to the business side of things.

    Cons

    As with many large organisations, the experience of working at Goldman Sachs is greatly dependent on which team you end up working for, since the style, culture, and compensation varies wildly between teams. In terms of compensation, the business-aligned divisions will be a lot of better off.

    In technology, it is extremely painful to get any change approved, due to the many layers of management and bureaucracy. Also, the software development practices used in certain front office teams are truly shocking - hardly any unit testing, no collaboration. The code for some of the most critical trading functions seems to be randomly cobbled together until it finally works in production.

    Advice to Management

    Please treat your employees as more than just a "resource". The retaining power of the golden handcuff is no longer as strong as it used to be. Communicate more and learn how to motivate people.

  9. Great firm, great culture and leadership

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Goldman Sachs

    Pros

    Challenging environment with promotional aspects laterally.

    Cons

    Always trying to race against time

  10. Helpful (1)

    Well paid, too much politics

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good salary, good reputation, smart people

    Cons

    Terribly political, bad leadership, weird personalities in coworkers

    Advice to Management

    Less politics, more real leadership.

  11. Helpful (1)

    Operations VP

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

    I have been working at Goldman Sachs full-time (more than 8 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good people, well located offices. Good name to have on your CV. Relatively flat management

    Cons

    Poor development opportunities from VP level. Currently the firm is struggling to manage its promotion pyramid with far too many people at the VP level and not enough at the analyst / associate level. Hours are very long with 12-15 hr days the norm. Significant off shoring has happened over the last 5 years and the strategy for the remaining functions in London is not defined leading to insecurity and impact to staff morale

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