Goldman Sachs
3.7 of 5 1,591 reviews
www.goldmansachs.com New York, NY 5000+ Employees

Goldman Sachs Reviews in Utah

Updated Jul 7, 2014
All Employees Current Employees Only

3.4 126 reviews

                             

93% Approve of the CEO

Goldman Sachs Chairman and CEO Lloyd C. Blankfein

Lloyd C. Blankfein

(97 ratings)

73% of employees recommend this company to a friend
17 Employee Reviews Back to all reviews
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    Say Goodbye to Your Personal Life

    Operations Analyst (Current Employee)
    Salt Lake City, UT

    ProsWorking with the absolute best and brightest. Goldman is known to recruit top talent and it shows.
    Lots of training provided. Asking questions is encouraged. Great benefits (401k matching, great health care/dental/vision), short commute times if you manage to avoid SLC rush hour traffic/ winter storms

    ConsAs with most reviews, work life balance is abysmal, especially if you want to move up. Once you're given a blackberry, there is no excuse for not being available or responding to emails while you're not in the office. The monetary rewards can be amazing, but were not worth giving up my personal life and personal time, in my own opinion.

    Ideas for change are welcomed, but a very corporate culture can make it difficult to get things accomplished and changed. Managers can be very forgetful and have to be reminded of things everything. When they forget something, they blame you for not remembering for them. Credit to the individual is thrown out the window as everything is focused on how the team does, however coworkers will take credit for your work with your direct manager if you don't raise your hand say you did X task.

    Analyst pay is very low which quickly hurts morale. Compensation has taken a hit in the recent years, although the executives in New York have gotten compensation increases.

    Operations is heavily dependent on I.T., however the communication is very difficult and I.T. is so backed up, it can take months before they get to a request of yours.

    Perks have been reduced to the point where "Jeans Day" is the highlight of the quarter. The office is not client facing therefore business casual clothes is not always required. Let all Fridays be jeans day. Christmas, Halloween, etc, have all been cancelled at the office. Anyone who decorates their area that is festive with the season will get a stern talking to by the closest Managing Director. Its like they suck the little bit of fun you would think you're allowed to have out of the work place.

    One can take sick days as needed, however if you miss more than 1 day and you're not dying or in the hospital, your work starts to get distributed to other team members. This creates a stigma that you're not that sick and can still work from home. So although you're able to take sick days, it's looked down upon when you take more than 1 at a time for something that does not require hospitalization.

    Advice to Senior ManagementDon't be so skeletal with your staff to "bring out the best in them". Add in some headcount and allow people to take more time off, work normal days, and have a life that doesn't have Goldman Sachs stamped all over it.

    No, I would not recommend this company to a friend

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    Good benefits

    Vice President (Former Employee)
    Salt Lake City, UT

    ProsGreat health care
    Smart coworkers
    Positive training programs

    ConsI worked in tech and it was surprising how buggy their software was
    Many manual processes and high error rates
    Poor work life balance, more of a life style/sweatshop
    Highly political

    Advice to Senior ManagementAdd some toilets. Nothing like a pile of work to do and having to wait 30 minutes in line because there are only 3 toilets for the 200+ people on the floor.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Processing

    Operations Analyst (Former Employee)
    Salt Lake City, UT

    Pros- Great brand name to have on your resume
    - Occasional exposure to complex finance

    Cons- Facetime/perceptions oriented culture
    - Work has been so streamlined it is mundane and requires little critical thinking
    - Management prioritizes immediate cost saving over spending the money required to improve processes resulting in little/no progress towards improving efficiency
    - Compensation has been consistently poor for several years
    - Extremely high attrition among A1-3s is very discouraging as many go on to better opportunities elsewhere
    - Poor work life balance
    - SLC provides significantly fewer outlets for good nightlife and culture than other cities

    Advice to Senior ManagementOrient the Operations Analyst position more towards process improvement and focus less on processing by providing your employees with adequate support and resources.

    No, I would not recommend this company to a friend

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    Politics

    Associate (Current Employee)
    Salt Lake City, UT

    ProsBest of Minds in the industry

    ConsLong hours and office politics

    Advice to Senior ManagementInvest in Talent

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great company, pay, and benfits. Experiences may vary...

    Anonymous Employee (Current Employee)
    Salt Lake City, UT

    ProsVery good pay, benefits are nice.

    ConsSlow growth opportunities (despite all they preach)
    Your experience is completely dependant on your manager. The person directly to my left loves his job, I hate mine. We do the same job, but my manager is awful (only looks out for themself), and his is great. Before accepting a job here, be sure to interview your soon to be manager as much as they are interviewing you.

    Advice to Senior ManagementPromote those with actual management skills to those roles.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Long years without career progress

    Risk/Compliance (Current Employee)
    Salt Lake City, UT

    ProsThe company has unmatched benefits such as the 401k contributions, excellent healthcare (not so excellent any longer), dental, vision, and fitness reimbursement.

    ConsThe work life balance is seriously lacking You will find most do not take lunches or breaks. The appearance of working long hours is the critical function, not contribution (which is unfortunate). There is a lack of interest in experience and talented people. Salt Lake City is treated like a common everyday processing center without the consideration of treating their talent like human beings.

    Advice to Senior ManagementFocus on customer experience internal and external, don't put robotic personalities in to do the job. The managers need to be less technical and more people oriented. There is a imbalance that is created from the culture of those that are included for promotions and development and those that are not.

    No, I would not recommend this company to a friend

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    They work you hard. It wont pay off unless you stick around for a while.

    Operations Analyst (Former Employee)
    Salt Lake City, UT

    ProsHigh stress work environment can be invigorating but can also turn you into a grouch. A mixture of highly motivated, intelligent people with the terminally mean, stuck-in-this-job-for-life crowd. A lot of turnover--many people leave for better paying, less stressful firms who don't have as impressive sounding name.

    ConsWork becomes your life and has to be your number one priority to be successful at GS. Salaries in Salt Lake office are surprisingly low, don't count on much of a bonus, or overtime pay either. You'll be monitored every second of every day.

    No, I would not recommend this company to a friend

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    Good Experience but treated unfairly in IT for a women

    Technical Support Engineer (Former Employee)
    Salt Lake City, UT

    ProsGood way to put a good company on your resume

    ConsThis is a contract job- horrible no time off or benefits. Treated indiffrent because I was a contract job. NOT able to move in within the company. Treated unfairly for IT

    Advice to Senior ManagementStop running like a sweat shop and treat peoply fairly.

    No, I would not recommend this company to a friend

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    Anyone below senior management positions beware!

    Senior Analyst (Current Employee)
    Salt Lake City, UT

    ProsGreat people to work with
    Incredible benefits

    ConsHard to grow in your career in any office besides New York
    The enormity of the company makes means there are a lot of politics and promotion is due more to corporate politics than merit

    Advice to Senior ManagementImprove the review system

    No, I would not recommend this company to a friend

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    Okay, I wish they would have been more transparent while being recruited.

    Operations Analyst (Current Employee)
    Salt Lake City, UT

    ProsIt is a good name to put on the resume
    The health benefits are awesome
    yep... thats about it. I wish I could say more.

    ConsSr. Management have little knowledge about what the day to day is. They do not manage in an effective manner.
    A monkey can do the day to day.

    Advice to Senior ManagementYou need to learn what effective management entails. Operations is a dead end within Goldman Sachs. If you could network and actually help employees reach their goals this place might not be that bad.

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