Goldman Sachs Reviews in Jersey City, NJ

Updated September 24, 2014
Updated September 24, 2014
1,727 Reviews
3.7
1,727 Reviews
Rating Trends

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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
1,151 Ratings

Review Highlights

Pros
  • The best thing about the firm is outstandingly smart people at the firm (in 178 reviews)

  • You will learn a lot about how to work under stress and tight deadlines (in 44 reviews)


Cons
  • Work life balance is non existent if you want to proceed up the corporate ladder (in 310 reviews)

  • Long hours and work environment was not personally what I am looking for (in 379 reviews)

More Highlights

127 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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 for more than a 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
  2.  

    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 for more than a 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
  3.  

    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 for more than a year

    Pros

    Aggressive culture, importance to employees, bonus

    Cons

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

    Recommends
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  5. 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 for more than a 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
  6. 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 for 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
  7.  

    Best place to start your career

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

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

    Pros

    Professional development
    Diversity
    Great people

    The people are very motivated and helpful, you will more than likely find a mentor, the framework is set up for you to succeed.

    Cons

    Do not have information to enter, I really do not have any information to provide. Sorry, no information to provide

    Recommends
    Approves of CEO
  8. 2 people found this helpful  

    Analyst Developer

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

    I worked at Goldman Sachs full-time for more than a year

    Pros

    Very smart people everywhere you look
    Working at top investment bank in the world
    Good to be where the action is in finance.

    Cons

    Extremely stressful work environment
    Oppressive company culture
    Bad work/life balance - and never going to get better
    Great internal competition in moving up

    Advice to ManagementAdvice

    Let work/life balance guide you!

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 2 people found this helpful  

    They look after their employees

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

    I have been working at Goldman Sachs as a contractor for less than a year

    Pros

    Higher than average salaries and also better bonuses
    They do more for employees than any place I've ever worked

    Cons

    Many groups have very long hours
    No matter how good a company is, you can never escape the politics

    Advice to ManagementAdvice

    When managers are already working too many hours, don't give them more work by cutting back their head count. The inevitable conclusion of that policy is that people who you value and need will leave. Remember, Goldman looks great on people's resumes and your best people will be sought out. Don't make it as easy for them to take that great offer!

    Recommends
    Positive Outlook
  10.  

    developer

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

    I worked at Goldman Sachs full-time

    Pros

    place is very well run,

    Cons

    but also is very political

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 3 people found this helpful  

    Okay but not great for technologists

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

    I have been working at Goldman Sachs full-time

    Pros

    People are smart, team-oriented, and hardworking generally. You will never be bored. Great benefit package. Decent developer community.

    Cons

    Low compensation, long hours. Some of the systems are using very old / obsolete technologies, but it seems like there is an effort to improve this. Perks aren't what they used to be or what you will find at a tech company.

    Advice to ManagementAdvice

    Increase compensation or lower work hours in technology to improve retention rate for top talent.

    Recommends
    Positive Outlook
    Disapproves of CEO

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