Goldman Sachs Reviews

Updated June 14, 2015
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
15 Ratings

Pros
  • learn from smart people who take their jobs seriously (in 185 reviews)

  • Ops is great in that you can learn a lot of transferable skill sets and abilities that you can take to almost any job (in 46 reviews)

Cons
  • It is very difficult to maintain work life balance due to high expectations (in 323 reviews)

  • Very long hours but you know that going in (in 398 reviews)

More Pros and Cons

27 Employee Reviews

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  1. Great people, horrible slave driving work

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

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

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

    Pros

    The people are fantastic, motivated, and doing the best they can. My managers were some of the most decent, kindest women I've ever met. And you could tell the MD tried hard to make us happy given our situations.

    Cons

    "Contingent worker" really means, "you're not an employee here and you will recieve no benefits or decent pay for the hours you'll work."

    Yes, it's a prestigious job. But should we be working 60 hours a week for 17$/hour when we're not even allowed to visit the GS "Wellness Center" for an aspirin on the house?

    If you are technology savvy in any way, stay away from GS. While their JVM architecture teams are fabulous, the in-house proprietary software is so outdated that (not an exaggeration) 75-80% of your job will be fighting against the software you're forced to use. That includes the problems you'll face.

    Advice to Management

    Update your software, hire enough people to handle the workload, treat your employees (even the "contingent workers") like human beings. There's such a thing as work-life balance. Look into it.


  2. Operation Senior Associate

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

    I worked at Goldman Sachs

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Joining Bonus
    Flexibility of working in various geographic areas

    Cons

    Low Base Salary / Low Bonus
    Work Culture - A lot of politics with ineffective appraisal system
     Very few growth opportunities within the Operations Division

    Advice to Management

    Please ensure innovation is not limited to revenue generating division and some room for innovation is given to Operations division as well.


  3. Helpful (1)

    Rode hard and put away wet

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


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  5. Helpful (2)

    Rigged with bureaucracy and mis-management

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


  6. Helpful (5)

    Operations Summer Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  7. Helpful (1)

    A growth opportunity, learning to think and work strategically

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  8. Sweatshop

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

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

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

    Pros

    Benefits, compensation, and resume building. Sometimes teams are cohesive and friendly, other times not so much

    Cons

    Hours, demands, constant shifting roles. Layoffs were always looming, incredibly competitive.

    Advice to Management

    Be realistic


  9. Helpful (1)

    Pay is okay. Work-life "balance" non-existent

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

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

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

    Pros

    Salary
    Benefits
    Most colleagues are very intelligent and great to work with

    Cons

    Management acts entitled, and the bureaucracy around communicating with management is ridiculous
    Nearly impossible to work from home
    Expect to work long hours (even though management says office "face time" is not important...)
    Expect to get yelled at by management

    Advice to Management

    GENUINELY encourage work-life balance
    Allow people to work from home if they would like or need to
    Trust your employees more and allow them to do their jobs


  10. Not great place to work for if you want to have a balanced life outside of work.

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

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

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

    Pros

    Good work environment,i don't see much pros

    Cons

    Too much politician,as a contingent hard to get converted to employee


  11. Helpful (4)

    SLC is not a good entry point into the firm

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Actually Didn't Have A Title in Salt Lake City, UT
    Current Employee - Actually Didn't Have A Title in Salt Lake City, UT

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

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

    Pros

    looks super on the resume (to outsiders)

    Cons

    hmm, where do I even start

    Advice to Management

    haha yeah right



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