Goldman Sachs

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

2 people found this helpful  

Great start of a career but eventually it's a politics game

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

I worked at Goldman Sachs full-time (more than 5 years)

Pros

smart people; prestige /opens doors for the future. great benefits; efficient commercial machine; good networks to last a lifetime

Cons

political games; limited opportunity for advancement due to heavy handed structure; if you get stuck in a bad group, it's hard to move inside the firm without offending the world

Advice to ManagementAdvice

Provide more flexibility for employees to move groups. Bored smart people won't stay long

Recommends
Neutral Outlook
Approves of CEO

1850 Other Employee Reviews for Goldman Sachs (View Most Recent)

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  1.  

    Fantastic place to work, abysmal work/life balance.

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

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

    Pros

    The best bulge Investment bank on the street, period.

    The opportunity to work with some very bright people in on some very interesting deals.

    Great benefits package.

    Great place to have a child (Although you will never see them again once your Paternity/Maternity leave is up)

    Motivation to grow and push yourself to be the best.

    Cons

    If you are single when you start you can plan on staying single until you move on, or marring a co-worker.

    It does vary dramatically with what group you happen to be on however, many groups have virtually no life outside of work. I have talked with people on other teams who only work 60 hours per week. It has been my experience that the more interesting the work the greater the demand for people to work on the team and the more you can expect to work.

    You are really compensated a year in arrears. Base is base but GS Pays you for what you have done this year in next year’s bonus. It’s a clever way to increase employee retention. Although if you ever quit you will miss out on a lot of remuneration you have earned.

    Advice to ManagementAdvice

    Goldman has the name and the position that will make it the place where the very brightest and perhaps the most avaricious will seek a position. This is great in insuring you have sufficient intellect and determination on staff. However, Goldman could do better if rather than just looking for the brightest most motivated to be team members, they instead looked for those who have a natural proclivity towards IB or Asset Management. Everyone would agree that a diverse workforce trumps a homogeneous one. However, by persuading many unrelated majors to join the team you get a smart group but one comprised of people who had hoped to do something else with their life. Often in looking at someone’s undergrad you can glimpse what they really wanted to be. Diverse backgrounds bring diverse perspectives to better solve problems and many for various reasons self their dreams to work in the industry. Sadly, many do it because the pecuniary reward is significantly greater. Lots of these people are very capable of doing very well in the industry. However, many lack one critical thing and that is the inborn curiosity that you see common in the very best. Those who spend their free time (or what little they have) thinking about IB or AM are much more likely to have the Aha! moments of discovery that lead to innovation. Richard Feynman may not have been the very brightest physicist but he had the natural curiosity and intellect to make him one of the very best. If managers would look for and hold onto those who possess the same curiosity for Finance, Goldman will stay the single best place to be on Wall St. and the best incubator. If they only focus on anyone bright and motivated (those willing to abandon their chosen course of study to make more money) they will find that other companies will have greater flexibility to offer the top performers opportunities to make even more unencumbered by the constraints/regulations of being a Global Bank. They will also find they have an employee base that loathes that come to work.

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

    A little slow moving, bureacratic.

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

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

    Pros

    Good, down to earth people, at least in the tech department. They have a lot of data and with a lot of data comes a lot of work, some of it interesting.

    Cons

    As a tech department at a bank, you are part of the company that generates costs, not revenue. Because of that, look to be downsized when the higher ups think you've got too many people.

    Advice to ManagementAdvice

    Shoving GS culture down the interns' throats got old, and stop trying to tell us you're a technology company.

    Recommends
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for Goldman Sachs

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