Goldman Sachs Reviews in Utah

Updated August 22, 2014
Updated August 22, 2014
1,713 Reviews
3.7
1,713 Reviews
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
1,142 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

18 Employee Reviews Back to all reviews

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  1. 3 people found this helpful  

    SLC is not a good entry point into the firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 for more than a year

    Pros

    looks super on the resume (to outsiders)

    Cons

    hmm, where do I even start

    Advice to ManagementAdvice

    haha yeah right

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 3 people found this helpful  

    Say Goodbye to Your Personal Life

    • 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 for more than a year

    Pros

    Working 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

    Cons

    As 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 ManagementAdvice

    Don'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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Good benefits

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

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

    Pros

    Great health care
    Smart coworkers
    Positive training programs

    Cons

    I 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 ManagementAdvice

    Add 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.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    Processing

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

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

    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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6. 2 people found this helpful  

    Politics

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

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

    Pros

    Best of Minds in the industry

    Cons

    Long hours and office politics

    Advice to ManagementAdvice

    Invest in Talent

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

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

    • 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 for more than a year

    Pros

    Very good pay, benefits are nice.

    Cons

    Slow 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 ManagementAdvice

    Promote those with actual management skills to those roles.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 3 people found this helpful  

    Long years without career progress

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

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

    Pros

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

    Cons

    The 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 ManagementAdvice

    Focus 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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

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

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

    I worked at Goldman Sachs

    Pros

    High 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.

    Cons

    Work 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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    Good Experience but treated unfairly in IT for a women

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

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

    Pros

    Good way to put a good company on your resume

    Cons

    This 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 ManagementAdvice

    Stop running like a sweat shop and treat peoply fairly.

    Doesn't Recommend
    Neutral Outlook
  11. 3 people found this helpful  

    Anyone below senior management positions beware!

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

    I have been working at Goldman Sachs full-time for more than a year

    Pros

    Great people to work with
    Incredible benefits

    Cons

    Hard 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 ManagementAdvice

    Improve the review system

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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