Goldman Sachs
3.7 of 5 1,591 reviews
www.goldmansachs.com New York, NY 5000+ Employees

Goldman Sachs Reviews in New York City, NY

Updated Jul 7, 2014
All Employees Current Employees Only

3.8 585 reviews

                             

91% Approve of the CEO

Goldman Sachs Chairman and CEO Lloyd C. Blankfein

Lloyd C. Blankfein

(422 ratings)

82% of employees recommend this company to a friend
585 Employee Reviews Back to all reviews
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    2 people found this helpful  

    Good learning experience; smart people

    Vice President (Current Employee)
    New York, NY

    ProsGood salary, smart people, good learning experience. It could vary a lot though based on what team you end up in.

    ConsThe culture is a little difficult to crack, especially for lateral hires.

    Yes, I would recommend this company to a friend

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    2 people found this helpful  

    Very good opportunities for contract work

    Senior Business Analyst (Former Employee)
    New York, NY

    ProsThe name is the best reason to work here. It's a big brand name employer. It impresses others. And you will be challenged.

    ConsOffice politics. Teams can be very cliquish - which leads to territorial managers who spend more time blame shifting than problem solving.

    Advice to Senior ManagementShake up teams more often. If you see a team on the non-revenue side that's been together for more than a few years, shake it up.

    Yes, I would recommend this company to a friend

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    2 people found this helpful  

    IT"SME

    Analyst (Current Employee)
    Jersey City, NJ

    Prosgood team, good salary. good mangement

    Conslong hours, pressures, industry risk, lay off risk,

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Technical Analyst

    Technology Analyst (Former Employee)
    New York, NY

    ProsLearned a lot about management and things other than technology.

    ConsNot using cutting edge technology. Very cut throat

    Advice to Senior ManagementStop keep moving people around like every moth

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

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    Great Company to Work For

    Anonymous Employee (Former Employee)
    Jersey City, NJ

    ProsGoldman 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.

    ConsGoldman 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.

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    Unforgiving but rewarding

    Summer Analyst (Current Employee)
    New York, NY

    ProsThe pay is enormous. Pay is almost 120k as a analyst. Your work hard and you receive heavy savings. The perfect place for a workaholic

    ConsYou have to manage your time.Your work 100 hours minimum....This is not a place where you want to stay permanently.

    Advice to Senior ManagementYou need to be pretty godlike in managing your time. I suggest saving as much money as possiple(because you wont be spending a dime of it). Get a apartment near the firm.... And cut alot of your expense.Skip the coffee to avoid crashed(Will suggested that you snack every 3 hours to maintain energy) It not your time it goldmans time and you better love finance. Did I mention every single way to save up money?That also means getting perfect credit scores and be really financially responsible

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

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    1 person found this helpful  

    Very Valuable experience.

    System Analyst (Former Employee)
    New York, NY

    ProsGreat learning experience. Treat employees very well.

    ConsNever sure of when they might retire your department or you.

    Advice to Senior ManagementListen to your employees and do not treat them like consultant.

    Yes, I would recommend this company to a friend

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    4 people found this helpful  

    Cultural Shift

    Vice President - Technology (Former Employee)
    Jersey City, NJ

    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 Senior ManagementThe 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).

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

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    Smart People, Stressful Culture, Work-life balance not very good

    Internal Audit Associate (Current Employee)
    New York, NY

    ProsVery intelligent people.
    If you want to learn the world of finance, there is no better place.
    Awesome resume builder for anyone wanting to make a career out of finance.

    ConsWork-life is very skewed towards work. Even in supporting offices, leaving before 6 pm is an unwritten taboo.
    A lot of unnecessary stress over unimportant details.
    Intimidating to ask questions of front line managers. They are so busy they don't take the time to train new employees and expect people to just "get it" with little direction.
    Pay is good, but cost of living (for NY office anyway) is ridiculous.

    Advice to Senior ManagementPay more attention to workload management. One week I have nothing to do and the next I'm juggling urgent tasks from multiple project managers.

    Yes, I would recommend this company to a friend

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    Goldman Sachs Finance 3rd year Analyst

    Anonymous Employee (Current Employee)
    New York, NY

    ProsHigh intelligent, hard-working co-workers. Nice office.

    Cons24-7 working hours, very low pay for non-revenue generating positions.

    Yes, I would recommend this company to a friend

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