Goldman Sachs

www.goldmansachs.com
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There are newer employer reviews for Goldman Sachs

4 people found this helpful  

Huge pay gap, losing on competition (a tech perspective)

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Vice President in New York, NY
Current Employee - Vice President in New York, NY

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

Pros

* working with smart people
* interesting finance projects like pricing or PNL (at least from a front office tech perspective who likes finance)
* good hours (depending on which group you are I suppose)
* same kind of pay in technology organization (regardless back office, front office) (not sure if this is actually a good thing)

Cons

* huge pay gap between tech vs. sales trading strats even though tech and strats jobs are blurring
* very low salary if you are a new tech analyst coming onboard (it used to be OK, but now since Google and other startup in NYC are getting bigger, IBs tech salary are not keeping up)
* lots of talent exodus recently

Advice to ManagementAdvice

GS always preach that the firm is essentially a software technology company because tech headcount is the biggest right now. But obviously this is only a recruiting slogan.
* need to make tech pay more competitive starting from new hires to mid-career
* need to have a better career mobility, especially across division / business unit
* need to be more aggressive in differentiating top performers / sleepy backwater

Doesn't Recommend
Neutral Outlook
Approves of CEO

1971 Other Employee Reviews for Goldman Sachs (View Most Recent)

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  1. 2 people found this helpful  

    Not what it used to be

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President - Technology in New York, NY
    Current Employee - Vice President - Technology in New York, NY

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

    Pros

    Extremely intelligent co-workers, great health benefits, on-site health center with delivery from local pharmacy, friendly atmosphere

    Cons

    poor compensation in recent years, managers that do not always show interest in the career progression of their subordinates

    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    Prestigious

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in New York, NY
    Current Employee - Business Analyst in New York, NY

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

    Pros

    Prestigious, because they like to pat themselves on the back.

    Cons

    They don't promote people from janitorial roles to financial roles, even if one has earned a four year college degree, has numerous financial certifications, and has an IQ of 148.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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