Goldman Sachs
3.7 of 5 1,590 reviews
www.goldmansachs.com New York, NY 5000+ Employees

Goldman Sachs Reviews in London, England

Updated Jun 23, 2014
All Employees Current Employees Only

3.8 117 reviews

                             

91% Approve of the CEO

Goldman Sachs Chairman and CEO Lloyd C. Blankfein

Lloyd C. Blankfein

(80 ratings)

85% of employees recommend this company to a friend
117 Employee Reviews Back to all reviews
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    1 person found this helpful  

    Sweet and sour experience - started sweet, going sour

    Senior Analyst Developer (Current Employee)
    London, England (UK)

    ProsName looks good on cv.
    Ability to work globally with wide variety of people.
    Good internal training facilities - classroom and e-learning courses and talks by internal/external industry experts.
    Gym has just been refurbished.

    ConsPay is significantly down and now well under market rate (both base and overall total comp)
    Reviews are a joke - supposedly 360 degree but manager has total veto rights on everything and can skew review any way they like meaning you need to seriously brown nose to get ahead. Obviously contradicts the image of a meritocracy that they like to portray.
    Toxic environment due to understaffing and off shoring work (and lack of pay) - no development done in London any more. London is mainly used to manage offshore resources.
    Yearly 5% cull, somehow people never seem to get replaced. The way its done is not very good for team spirit as it doesn't all happen in one batch, rather is stretched out into 2/3 sessions weeks or even months apart.

    Advice to Senior ManagementSpeak to the little people - they're not happy. Informal, anonymous (truely anonymous) surveys will give you an idea of what people are really thinking but people are often a little hesitant with the current surveys as they appear trackable.

    No, I would not recommend this company to a friend

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    Secretive culture, difficult to move departments, intimidating atmosphere

    Operations Analyst (Former Employee)
    London, England (UK)

    ProsOffice facilities, gym, canteen very good
    Lots of opportunities for training

    ConsSecretive culture
    Promotion scheme too formal, all about length of time at firm not quality
    Management are too narrow minded
    Intimidating unfriendly atmosphere

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great learning experience, very cut throat environment.

    Executive Director (Current Employee)
    London, England (UK)

    ProsGreat brand name for prospective clients and employers.
    Entrepreneurial spirit
    Success driven, not many layers of management

    ConsVery cut-throat, loads of bullies
    In more junior levels, underpaid compared to industry, though just the opposite as you get more senior

    Advice to Senior ManagementManagement style of managers could be improved, there is too much focus on short term wins.

    Yes, I would recommend this company to a friend

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    Spring Intern

    Spring Intern (Current Employee)
    London, England (UK)

    Prosquite easy as a spring intern compared to summer intern or grad job. However, it's like an extended interview so always has to be on your best behaviour (that goes without saying to be honest)
    i think GS is the only place who would pay their spring intern. Other perks include free accommodation (outside M25) which is a 4* hotel right in the central area + social/networking events organised.

    Consquite a lot of project, both independent and as part of a team.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Well paid, but quite miserable

    Associate (Former Employee)
    London, England (UK)

    ProsMoney is about the only thing

    ConsEnvironment, work life balance, management attitude

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Be wary of Operations if you are Commercial or Opinionated as that wont be rewarded and you'll soon be frustrated

    Operations Associate (Current Employee)
    London, England (UK)

    ProsGreat name and brand in the industry
    A lot of hardworking and smart colleagues who you can learn from
    Plenty of lectures, initiatives and guest speakers
    If you are junior your underpaid but if senior you are overpaid

    ConsLives off its name and so knows most people are scared to leave
    No Independent thinkers just Yes men/women on the Operations side
    Juniors are worked extremely hard with the hours to match but underpaid compared to other companies particularly on the bonus side.
    Most junior staff don't have experience outside GS as they came straight from University to Grad Scheme so think the Intense culture is normal. External hires notice immediately that a lot of people have drunk the Kool Aid.
    Great if you are senior but if junior on the Operations side your career is not in your hands but the ability of your manager to promote your work well upwardly which means progression not meritocratic
    You basically spend your day as a call centre for the revenue generating functions so expect to pander to them no matter how junior they are. Remeber they own the PnL!!!

    Advice to Senior ManagementTo Operations management you have a lot of talented juinior staff so let them play their part in the success of the company. Stop the micro managing and secrecy and stand up to the demands of the business when they don't serve to benefit the firm. Loosen the ranes on the experienced, ambitious and talented or they will move across to a revenue generating function or externally to find more responsibility.

    Yes, I would recommend this company to a friend

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    Goldman Sachs

    Senior Analyst (Current Employee)
    London, England (UK)

    ProsInternational Environment, wide range of assignments

    ConsLower pay but still very long hours
    Lack of transparency in reviews and internal rankings

    Yes, I would recommend this company to a friend

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    Human resources employee

    Graduate Recruitment (Current Employee)
    London, England (UK)

    ProsWell known orgainsation
    good to have on CV
    considered the best IB

    ConsVery harsh people
    made me depressed and gave me suicidal thoughts
    I will never be the same happy person I was

    Advice to Senior ManagementThe organisation is good as long as your senior but the pople at the bottom will won they get there we will all run away before that time if your not careful. Biggest mistake of my life.

    No, I would not recommend this company to a friend

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    Working for Operational division

    Analyst (Former Employee)
    London, England (UK)

    ProsDiversity of tasks and responsibilities, liasing with different divisions, being part of international team

    ConsWorking long hours on a regular basis

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    Good name to have on CV

    Intern (Former Employee)
    London, England (UK)

    ProsBiggest IB, good name to have on CV

    ConsNot a lot of responsibility given

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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