Goldman Sachs Reviews in New Jersey

Updated August 26, 2014
Updated August 26, 2014
1,700 Reviews

3.6
1,700 Reviews
Rating Trends

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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
1,139 Ratings

Review Highlights

Pros
  • The best thing about the firm is outstandingly smart people at the firm (in 166 reviews)

  • You will learn a lot about how to work under stress and tight deadlines (in 43 reviews)


Cons
  • Work life balance is non existent if you want to proceed up the corporate ladder (in 283 reviews)

  • Long hours and work environment was not personally what I am looking for (in 356 reviews)

More Highlights

130 Employee Reviews Back to all reviews

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  1.  

    Great pay/benefits for Intern - however typically assigned menial tasks and limited exposure/room for growth

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

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

    Pros

    - Nice/clean/eco-friendly building
    - Driven Associates/Vice Presidents
    - Good pay/benefits (optional) for college student

    Cons

    - In Jersey City
    - Limited growth opportunity for interns not through the IBD program
    - Little responsibility/engagement for interns

    Advice to ManagementAdvice

    I would suggest engaging the interns more and giving them more responsibility as time goes on (in addition to the regular administrative tasks). Having worked here for almost a year now and still doing relatively the same thing I learned when I first came aboard is a little disappointing. I was hoping for more challenging tasks and greater exposure to the processes relating to my field of study.

    Recommends
    Positive Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Vice President in Technology Division

    • 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 10 years

    Pros

    great to work with talented, competitive, collaborative people.

    Cons

    lately at senior level it has become less of meritocracy based and more of whom you know and how you project yourself rather than actual value added.

    Advice to ManagementAdvice

    partners and managing directors should re-instate skip-level and skip-skip level contacts to get more ground level reality.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Great Company to Work For

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

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

    Pros

    Goldman Sachs is quite a unique environment of "cream of the crop" people. Great place to work, and you will definitely be rewarded for working hard.

    Cons

    Goldman Sachs promotes work-life balance but this is not an easy balance to maintain. This can and does take a toll on family life. Hours can be very long (a minimum of 10-hour days is required/expected of "professionals") and the work is challenging. Extremely fast-paced, stress-filled environment. I have seen that young, less-experienced employees seem to be favored, rather than mature, experienced individuals.

    Neutral Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Incompetent Management at this particular department

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

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

    Pros

    Challenging work. Great ambition and expectations in results.

    Cons

    This dysfunctional department during my tenure went through 2 upper management changes. While direct manager was trying to give good advice within his own transparency of the upper management, however the upper managers were not engineering centric while they were managing technology projects. The results seemed reflection of the disorganized upper management and lack of technical aim and direction. So it would not be realistic to push one's software engineering career under a team of 'project managers' without enough technical background or vision to lead the teams; thus lost staff and stuck in their career...

    Advice to ManagementAdvice

    Identity and replace the middle to upper management with competent technologists to run tech departments!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Worst work Iife balance

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

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

    Pros

    Smart people, brand name, nothing more

    Cons

    Work life balance, office politics

    Doesn't Recommend
    No opinion of CEO
  7. 3 people found this helpful  

    IT"SME

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

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

    Pros

    good team, good salary. good mangement

    Cons

    long hours, pressures, industry risk, lay off risk,

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Good: Sharp colleagues; interesting work; good investment in IT systems. Not so good: Work-life balance

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

    I have been working at Goldman Sachs full-time for more than 8 years

    Pros

    Very bright co-workers throughout organization that display solid commitment to high quality work. Work is generally interesting and junior staff is challenged with stretch assignments.

    Cons

    Depending on what dept / team you are in, work-life balance is not so good, as commitment to excellence has a price after all! Benefits are good, but compensation has been stagnant post-2008 crisis.

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 7 people found this helpful  

    Cultural Shift

    • 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 8 years

    Pros

    - Money
    - Money
    - Bragging rights on your resume
    - Challenging environment, politically. You can go work in DC after working here.

    Cons

    - Politics in IT departments are horrible!
    - Time management is impossible. Enjoy days full of meetings and e-mail, actual work adding to the business' bottom-line.. not so much.
    - IT Middle managers have bred themselves to the point of infestation. Most seem to think their job is to micromanage, call meetings, and send e-mail. Leadership is a term thrown around continuously, but rarely earned in reality.

    Advice to ManagementAdvice

    The state of IT is horrible and in major decline. You're bleeding talent and culture you will NEVER be able to get back if you don't make some radical changes. Oh, and if you're going to make a cultural change by attrition, start at the *top* not the bottom.. else it'll just encourage more bad behavior.

    No one in IT believes their career will go anywhere. They're only hoping not to be laid off before they have to retire. Yet, they won't leave because you pay so much. How is this a good thing? If the culture is bad, you won't be able to retain the much needed experienced senior IT people, nor will you be able to keep the new junior population (who are much more likely to leave for other opportunity).

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 1 person found this helpful  

    So far no complaints.

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

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

    Pros

    Very dynamic culture, a lot to learn, never a dull moment .

    Cons

    If you can't keep up with a pace this isn't a company for you...

    Recommends
    Approves of CEO
  11. 1 person found this helpful  

    Hard work is always rewarded

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

    I worked at Goldman Sachs as a contractor for more than a year

    Pros

    Incredible culture, great corporate perks, adequate work/life balance, sense of belonging, and an emphasis on continued education/learning.

    Cons

    Base salaries are not what they used to be, bonuses are not competitive compared with smaller firms, management rotations make it difficult to develop a strong relationship with your boss or mentor.

    Advice to ManagementAdvice

    Encourage internal growth and lateral movement to keep your best talent inside the company.

    Recommends
    Neutral Outlook
    Approves of CEO

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