Goldman Sachs

  www.goldmansachs.com
  www.goldmansachs.com

Goldman Sachs Reviews in Jersey City, NJ

Updated November 20, 2014
Updated November 20, 2014
1,850 Reviews
3.7
1,850 Reviews
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
1,208 Ratings

Review Highlights

Pros
  • The best thing about the firm is outstandingly smart people at the firm (in 185 reviews)

  • People are smart (no one can be lazy, people always challenge you, you learn a lot) but humble (in 46 reviews)


Cons
  • Work life balance is non existent if you want to proceed up the corporate ladder (in 323 reviews)

  • Expect to work long hours (even though management says office "face time" is not important (in 398 reviews)

More Highlights

132 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good company to start with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - New Associate Programmer Analyst in Jersey City, NJ
    Current Employee - New Associate Programmer Analyst in Jersey City, NJ

    I have been working at Goldman Sachs full-time (less than an year)

    Pros

    Networks, people, team and learning

    Cons

    Teams not clear with what they are looking for, old systems and culture

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Overall an excellent company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Technology Analyst in Jersey City, NJ
    Current Employee - Senior Technology Analyst in Jersey City, NJ

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

    Pros

    The best people. Mostly nice to work with, definitely smart. Firm reputation really affirmed by what they do.
    Decent pay, good benefits.

    Cons

    Very long hours with not allot of work life balance. You need to work that out yourself though.
    At least in tech there isn't allot of recognition. A bit too much outsourcing going on right now too.

    Advice to ManagementAdvice

    Focus less on cutting expenses and more on making the people you have do more with less in hard times. Motivating your good people will pay dividends when times improve and you don't struggle to find more people.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    IT Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President - Technology in Jersey City, NJ
    Former Employee - Vice President - Technology in Jersey City, NJ

    I worked at Goldman Sachs full-time (more than 3 years)

    Pros

    Compensation is among the best. It's not astronomically better as the other financial companies have wised up but is competitive and among the best for senior people.
    Benefits are good, with dr office and gym on site.
    Alot of talented and smart people working there. Their review process is for the most part pretty fair and balanced.

    Cons

    Alot of type A personalities - very aggressive culture. Trust no one. In IT it's not too bad however there are people out there that like to get ahead by pushing you down. On the operations side, friends of mine have described it as an absolute nightmare.
    Too many meetings so real work behinds at 5pm, which is why the hours are long.
    You can't just be a smart developer, you have to make noise and be a marketer as well.

    Advice to ManagementAdvice

    Not everyone has to be super loud and type A to be effective.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Vice president

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Jersey City, NJ
    Current Employee - Vice President in Jersey City, NJ

    I have been working at Goldman Sachs full-time (more than 3 years)

    Pros

    Salary above average, vacation 23 days per year

    Cons

    Hours. At least 60 hrs per week

    Recommends
    Negative Outlook
    No opinion of CEO
  6.  

    Great company...if you can handle it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Jersey City, NJ
    Former Employee - Analyst in Jersey City, NJ

    I worked at Goldman Sachs full-time (more than 10 years)

    Pros

    Long hours
    Micro managers
    No such thing as a mistake

    Cons

    Salary and benefits are top notch
    Lot of opportunities
    Discipline second only to military

    Advice to ManagementAdvice

    Long time ago, there was an interest in work life balance. BRING IT BACK! Make sure you teach this new generation of managers to value their team and not dog them.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7.  

    Great place, smart people, leading edge IT, and encourages give-back to the community

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Jersey City, NJ
    Current Employee - Vice President in Jersey City, NJ

    I have been working at Goldman Sachs full-time (more than an year)

    Pros

    Smart friendly people (though sometimes opinionated and demanding), ranks on Fortune magazine's "100 Best Employers" since inception of the list, and encourages community give-back.

    Cons

    Be prepared to work. A fair portion of your compensation is tied to the Wall Street economy, even if you are a super-star.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Middle Office Senior Bank Debt

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Jersey City, NJ
    Former Employee - Business Analyst in Jersey City, NJ

    I worked at Goldman Sachs as a contractor (more than an year)

    Pros

    Client Exposure, Visibility and overview of the entire process, heavy interaction with the trading desk, not very long hours in general

    Cons

    Only Long hours around month and quarter end overall nothing too bad

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Decent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Programmer Analyst in Jersey City, NJ
    Former Employee - Senior Programmer Analyst in Jersey City, NJ

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

    Pros

    Aggressive culture, importance to employees, bonus

    Cons

    work load, competition and there is no time to pursue anything else.

    Recommends
  10. 1 person found this helpful  

    Project Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President - Project Manager in Jersey City, NJ
    Current Employee - Vice President - Project Manager in Jersey City, NJ

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

    Pros

    Great working environment
    constantly challenging
    Very motivated and smart co-workers
    Ability to participate in many community events and give back to the community
    great training available

    Cons

    Long hours,difficult to have a good work/life balance there are now less people with the same or more work
    Very high expectations
    Comp is getting better, but for 2 years comp was cut

    Advice to ManagementAdvice

    Continue to repair the company's reputation in the eyes of the non-financial services community

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Technology Infrastructure is BAD

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President - Technology in Jersey City, NJ
    Former Employee - Vice President - Technology in Jersey City, NJ

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

    Pros

    Access to employee's Private Wealth Management account and Goldman Research. Company does some interesting things for employees.

    Young people ! A lot of young people hungry for success but ... (see below).

    Cons

    Politics is bad, everybody can have opinion about everything and block progress without any particular knowledge about the subject. There is a lot of schmoozers who hve spent years at the company are not getting fired because of the years spent.

    Insecurity and incompetence at TI is at a very high level, other divisions are much better but TI does not have P/L valuation and has really diverged from the mainstream business (though this is true for most of the IT's in financials).

    Young people are hired but not given challenges and opportunities. They really hve to become schmoozers to get any recognition and spend 10 years to see growth (if they are not schmoozers). If you are a schmoozer, you can make VP in 5-6 years.

    Company is also known for hiding its titles, they tell you there are only Associates, Vice Presidents and Managing Directors. Well, it turns out to become MD you have to go through 4 promotions from Vice President and each one takes two years (exceptions are possible but rare).

    Advice to ManagementAdvice

    Re-organize TI, it is horrible. And provide more transparency into titles.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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