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There are newer employer reviews for Goldman Sachs

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Helpful (5)

Right place for a long term career ( I don't know what that means)

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

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

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

Pros

Best people. Self motivated, very dedicated and hard working people.
Great brand name to be in your resume.
You can take up as many responsibilities as you wish. You will be challenged every day.
Very team oriented culture. People work together to get things done rather than criticizing or playing the blame game.
You will learn to multi-task, manage time efficiently, prioritize your tasks, communicate with clients, interact with different stake holders, building really great technical systems

Cons

Absolutely humiliating compensation benefits. 99% of the revenues consumed by senior management.
No rewards for your superior performance. Promotions are based on number of years you stay with the firm.
Most of the technologies used are outdated.
Senior Management keeps brain washing the employees in the name of long term career. There is absolutely no career growth.
I worked in Salt Lake City office. Most of the hires here are either consultants or new hires from local community colleges. If you are from a top ranking university, you will get into depression very soon.
SLC office culture is one of the worst. No work life balance. If you don't go to office by 7 am in the morning, you will have a meeting with your manager. Average work hours are 12-14 hours everyday. No overtime pay for technology employees. Production support can keep you awake through midnight and weekends. No work flexibility as well. You will have to give 100 reasons if you chose to work from home.
Every task is super critical and super sensitive. No room for mistakes. Do a small mistake and you will get criticized for that in your reviews. Deliver a mega project successfully, you will get hardly appreciated with a few good words and no other rewards.
They will keep saying that bonus is a huge part of compensation benefits which is a big lie. In my course of stay at GS, bonus was either zero or negligible.
They will collect all the feedback from you but will never work on them.
The salary for a new hire in SLC office in technology division is $30,000 after taxes. You have to ask yourself if you want to work for 14 hours daily for this salary.

Advice to Management

Share the revenues more equally among all the employees. Don't be super greedy.
Don't misguide everyone in the name of long term career.

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  1. Helpful (2)

    Nice company to work and gain financial knowledge

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Lots of learning in financial instruments.
    Deals in variety of domain in Hedge Funds, Mutual Funds, Derivatives etc.
    Its good to learn different financial instrument

    Cons

    Long working hours.
    Some of the accounts has very old technologies.


  2. GS PWM Dallas

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Analyst in Dallas, TX
    Former Intern - Summer Analyst in Dallas, TX

    I worked at Goldman Sachs as an intern (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The training program is incredible

    Cons

    The atmosphere of PWM at Goldman is definitely not for everyone. There is competition even within the office.


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

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