There are newer employer reviews for Goldman Sachs
There are newer employer reviews for Goldman Sachs

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Helpful (4)

Politically adept workforce and leadership with little people management skills despite rhetoric

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Jersey City, NJ
Current Employee - Anonymous Employee in Jersey City, NJ

I have been working at Goldman Sachs

Doesn't Recommend
Disapproves of CEO
Doesn't Recommend
Disapproves of CEO

Pros

Organization with deep pockets Competitive salary and benefits Smart people 'Do good' initiatives benefit the disadvantaged, but are clearly self serving as well

Cons

Super political; need to always watch your back Recent influx of 'outsiders' a huge contrast to dedicated long-term employees Many 'managers' who only manage upward, not even sideways and certainly not downward 360 review process is a sham and political tool Large established organization better at marketing itself than delivering what it promises

Advice to Management

Reputation allure is enticing to those interested in mining 'gold' but GS is living off its past.

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  1. Helpful (1)

    Amazing experience - need to do justice to this company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in New York, NY
    Former Employee - Senior Software Engineer in New York, NY

    I worked at Goldman Sachs

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    *Very knowledgeble, professional, respectful employess and management, very positive environment *Ability to work from home when necessary and work-place flexibility - a must if you have a family *Good pay, in line with the market rate for similar roles. However, the media reports about several hundred thousand of compensation per employess are bloated. The numbers are severely skewed by taking into account a few higher-paying executives. * Tecnologies used are more up to date than in other large financial firms/investment banks (but I'm speaking about my dept only) *Ability to propose/share your own ideas (to certain extent, since I was a consultant) * The company *does* care about its reputation * I didn't not have any full-time perks as I was a consultant and still, I was very, very happy with the job. * In general, it was a very, very positive experience and I'd love to go back there either as a consultant or full-time if the company starts hiring back

    Cons

    One word: layoffs. There is good communication between management and employees about the possibility of upcoming layoffs, but this is still stressful for everyone, both employees and management. I guess it is stressfull for the company itself since they need to show the investors that they are cutting costs and cannot keep the good employees they would have otherwise have tried to keep.

    Advice to Management

    Let consultants use the gym (since you have to pay for it anyway!). When you sit at work all day long, and commute while sitting, it's not a luxury to exercise, it's a MUST. There are no public gyms in the vicinity of the office. I have developed back pain at some point because I was sitting at work all day long. Also, the inability to use the gym made me feel like a second-class employee (I was a consultant, but my duties were not really different from anyone else on the team).


  2. Great place to start with significant opportunity for growth depending on performance

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

    I have been working at Goldman Sachs

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    The company has great benefits and a strong culture of unity and hard work. My position is highly analytical, but you might not get that as an operations employee. Your duties will depend completely on what teams are available when you start if you are in the operations division.

    Cons

    The culture and tasks of the individual team you are placed on in Salt Lake will determine more about your overall experience than anything else.

    Advice to Management

    Match employees up with duties that align with their strengths rather than what might be open at the time. Promotions are merit based, but some activities go unnoticed.


There are newer employer reviews for Goldman Sachs
There are newer employer reviews for Goldman Sachs

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