There are newer employer reviews for Goldman Sachs

 

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 for more than a 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

1713 Other Employee Reviews for Goldman Sachs (View Most Recent)

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  1.  

    Focused!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Analyst
    Current Employee - Senior Analyst

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

    Pros

    Intelligent colleagues, streamlined internal systems and good benefits.

    Cons

    There are a few great single contributors that should never have been placed in people management roles.

    Advice to ManagementAdvice

    There is more emotional disengagement than you may realize!

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Fantastic place to work and advance your career.

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

    I have been working at Goldman Sachs full-time for less than a year

    Pros

    Great place to work. Good benefits. Great on resume--just in case. Prestigious.

    Cons

    Lots of time spent working. I feel like I'm working all day and not doing enough.

    Advice to ManagementAdvice

    Give people more time to complete projects instead of rushing them ALL the time.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Goldman Sachs

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