Goldman Sachs

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

2 people found this helpful  

Witnessing the decline of a former hegemony in the hedge fund industry

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Junior Portfolio Manager in New York, NY
Former Employee - Junior Portfolio Manager in New York, NY

I worked at Goldman Sachs full-time (more than an year)

Pros

Was with their flag-ship quantitative-style hedge fund called "Global Alpha". Good place to start a career in the quantitative investment business with this formerly legendary place and learning with the research tycoons there. Also, unlike the siloed and secretive cultures of many other top-tier quantitative funds, the culture of the "Global Alpha" team was very open and fostering, getting rookies exposures into a wide spectrum of asset classes and trading strategies.

Cons

The fund leads were too ostriched with their success 7 to 10 years ago, and showed little competence in keeping up with the fast evolution of the quantitative investing business as well as the innovation frontiers. No wonder performance-wise, the business lagged much behind newer-generation competitors who are much savvier in adopting new techniques. Lousy performance lead to lousy pays (rule of thumb in the hedge fund industry).

Advice to ManagementAdvice

Apparently Goldman Sachs Asset Management is decisively retreating from the high-fee hedge fund type of businesses in the quantitative investment industry, as senior management is aware that they no long has the best talents, team, strategies and infrastructures as it did before the mid 2000s.

Recommends
Neutral Outlook
No opinion of CEO

1842 Other Employee Reviews for Goldman Sachs (View Most Recent)

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  1. 2 people found this helpful  

    Hard work, little rewards, not worth it

    • 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 (more than an year)

    Pros

    You work with great people, teamwork is emphasized. Opportunity to learn a lot of things, and you get exposure to different areas

    Cons

    Long hours, low pay, high expectations, limited mobility, promote certain ideas but don't actually follow through with it, pushing great employees past their breaking point

    Advice to ManagementAdvice

    1. Pay employees 2. More work/life balance 3. spend time training managers

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Good Pay, difficult environment and long hours

    • 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 (more than 3 years)

    Pros

    Good pay, good people, this is a good place to learn quickly how to manage stressful situations. They train you well and they have great benefits.

    Cons

    long long hours, difficult environment with way too many people willing to step on you to get to the top.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for Goldman Sachs

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