Goldman Sachs

www.goldmansachs.com
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15 people found this helpful  

Goldman Sachs - Work. make money, interesting deals, don't have kids

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Senior Associate in San Francisco, CA
Former Employee - Senior Associate in San Francisco, CA

I worked at Goldman Sachs

Pros

The work - incredibly interesting deals and chance to be at the tip of the spear in the financial industry when things happen.
The pay is terrific, as are the benefits
Notwithstanding the financial meltdown, GS has definite cache and presitge in the financial world.
You are working with some of the best and the brightest outside of McKinsey and Bain

Cons

Did I mention the work? Lots and lots of work, and then more work.
Two briefcases: One for your work; the other for a change of underwear after sleeping in the office whilst working on an M&A deal.
Forget going to your kids' soccer games, little league games, Lamase classes. GS is all about and only about the work.
Word to the wise: Keep your own counsel. Any stinkeye remotely caught by the view of a GS Partner does not bode well for your career.

Advice to ManagementAdvice

They take themselves much too seriously. Their concept of life is that it can be reduced to a zero sum game. They have not grasped the reality that when you are dead, you are dead (i.e. you will not take your money, GS stock/options and any other prized IB kudos wth you when you part this life). Strive for more work/life balance. Recognize that you will not win every deal. Look for the warning signs of burnout. And for God's sakes, stop trying to emulate the medical profession with "if I could pull all nighters as an Assoicate, so can everyone else." Those days are gone. The GS staffers have lives outside the bubble. Respect that, reward that, celebrate that. You will be absolutely astounded by the increased loyalty you get from the troops.

Recommends
Disapproves of CEO

1982 Other Employee Reviews for Goldman Sachs (View Most Recent)

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  1. 1 person found this helpful  

    Too hard work, stress and pain for too little money.

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

    I worked at Goldman Sachs

    Pros

    People around you are smart (BUT, it will not benefit you, rather the opposite)
    Offices are cool
    You can pick up hot girls by showing them your business card

    Cons

    You will be required to work very, very, very hard (even if it sounds fun, its not).
    They will never ask too much from you. Every request should be done on time, which sometimes require you to work insane hours, even if you are ultra smart and efficient.
    Your day life will be full of stress, your stomach will start to hurt and you will not be able to sleep well at nights waking up randomly screaming.

    Advice to ManagementAdvice

    Give some more ca$h to new recruits as those often have to work much harder for much less.
    In some regions outside US, its very difficult to recruit and the company should probably work a bit harder to maintain talented personel.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Excellent firm.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    People and culture are top notch. Incredible resources globally and the strongest brand in the industry. Hard work required but the opportunities are matchless.

    Cons

    Everyone works hard - that's the price of admission. Significant emphasis on culture means that if you can't get along with peers and managers, you won't succeed.

    Advice to ManagementAdvice

    Continue developing junior talent while identifying rising stars at smaller firms. There's lots of talent outside of GS and bringing the right people in as lateral hires will continue to help the firm for the long-term.

    Recommends
    Approves of CEO
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