Goldman Sachs Reviews

Updated June 2, 2015
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
9 Ratings

Pros
  • learn from smart people who take their jobs seriously (in 185 reviews)

  • Ops is great in that you can learn a lot of transferable skill sets and abilities that you can take to almost any job (in 46 reviews)

Cons
  • It is very difficult to maintain work life balance due to high expectations (in 323 reviews)

  • Very long hours but you know that going in (in 398 reviews)

More Pros and Cons

17 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (2)

    Sucked the life out of me

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Recruitment Associate in London, England (UK)
    Former Employee - Recruitment Associate in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Goldman Sachs full-time (Less than a year)

    Pros

    - Competitive - Nice environment - Some really nice people

    Cons

    - Long hours with no flexibility - Repetitive - Change resistant - Micro management - No encouragement

    Advice to Management

    Get out of the cultural black hole you've sucked yourself into. It's not healthy, it's not okay just because that's how it's always been. It's horrible.


  2. Helpful (1)

    Hard working, smart individuals, but forget work life balance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Associate in London, England (UK)
    Former Contractor - Associate in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Goldman Sachs as a contractor (More than 3 years)

    Pros

    *Smart people *top rate tech and IT infrastructure *Opportunity to participate in thought leadership research

    Cons

    * Management style is "be scared of us" * expectation of more more more * having a life unrealistic

    Advice to Management

    listen to employees. Optimal functionality does not exist on 4 hours a night of constant sleep


  3. Spring Week

    Former Employee - Spring Intern in London, England (UK)
    Former Employee - Spring Intern in London, England (UK)
    Doesn't Recommend
    No opinion of CEO

    I worked at Goldman Sachs part-time

    Pros

    Smart people who aim high.

    Cons

    Can be two faced at times.


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  5. Helpful (11)

    Disgraceful treatment of people with long term illness useless middle management and too much off shoring

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst Developer in London, England (UK)
    Former Employee - Senior Analyst Developer in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Goldman Sachs full-time (More than 5 years)

    Pros

    Total depends on which team you work in - some are great and deal with new/interesting projects, others are just keeping the lights on.

    Cons

    You find some "managers" have just been brought up by inertia/the vacuum of their managers being promoted and they're often not up to/suitable for their job. The 360 degree review is complete bull, managers have the power to change the score to whatever they want so even if you average in the upper percentiles they can change this so that you look useless (and this stays on your permanent record). Base pay, as always at goldman, is a little less than industry standard but no longer are they making it up with the bonuses they used to. Despite all their "lgbt/black/Asian" etc networks there's still prejudice at even a fairly senior level and reverse prejudice (people saying that an intern must be hired as they fit xyz profile). If you're looking to be a developer in London, forget it. All work is done by the low cost or "high value" as they prefer to call it centres (Bangalore in India). And woe betide anyone who finds fault with their work or question why projects are running 100% overtime and still nowhere complete.

    Advice to Management

    Bring the work back to the uk, pay people what the rest of the industry do and listen to the people on the ground. Get rid of the middle management who know nothing of technology (struggle with simple SQL queries and can't even use excel or write a shell script). Who can't project manage, call avalanche method agile and don't have a clue what they're doing.


  6. Negative to neutral

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Associate in London, England (UK)
    Current Employee - Sales Associate in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great learning experience and better pay than peers

    Cons

    Stressful and over-exhausting to the point of over-consumption


  7. Helpful (5)

    Think twice before you join them. You may be OK for a while but don't stay too long or you will turn into one of them

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in London, England (UK)
    Current Employee - Software Engineer in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Goldman Sachs full-time (More than a year)

    Pros

    Good pay. Looks good on your resume. Up to date with technical trends. Focus on technology. You get to work with some very competent people and learn a lot.

    Cons

    It's a toxic culture. It's like swimming with the sharks. You sink or swim. It doesn't matter if you're good or bad at what you do. You have to literally be a shark to survive in that world. People will step on your face and crush you to impress the next middle manager up the line. OK, they pay really well if you climb up the ladder, but you have to be willing to sell your soul to the devil.

    Advice to Management

    You are not God


  8. Helpful (2)

    Many more lows than highs

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Research Analyst in London, England (UK)
    Current Employee - Equity Research Analyst in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good learning experience from working in high pressure environment

    Cons

    Management don't understand how to motivate people or care about their happiness. This drives high churn and a feeling of discontent amongst many employees. Tempered by the likelihood that the GS brand will get them the job that they really want.


  9. average place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Product Control in London, England (UK)
    Former Employee - Product Control in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    work with very smart, ambitious people everyone is very proactive

    Cons

    long hours very political place to work do not 'really' care about employees


  10. Helpful (3)

    Sweet and sour experience - started sweet, going sour

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst Developer in London, England (UK)
    Current Employee - Senior Analyst Developer in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Name 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.

    Cons

    Pay 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 Management

    Speak 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.


  11. Helpful (1)

    Secretive culture, difficult to move departments, intimidating atmosphere

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in London, England (UK)
    Former Employee - Operations Analyst in London, England (UK)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Goldman Sachs full-time (More than a year)

    Pros

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

    Cons

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



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