Goldman Sachs Reviews
Updated Feb 5, 2012 – Reviews are posted anonymously by employees.
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Company Rating Based on 661 ratings Employees are "Satisfied" |
CEO Rating
Based on 511 ratings
Chairman and CEO |
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Pros
The open work culture and easy intra division movement opportunities. Also the flat organization structure and flexibility in the work environment are an added bonus
Cons
Depends on department. Well may be sometimes it is too work specific and you have to be through uncomfortable challenging situation which might challenge your comfort zone.
Advice to Senior Management
They are already doing a great job. Just that they need to focus more on personal growth of the individual and personal freetime of the lowest level of employees
Pros
learning, work with smart people.
Cons
work pressure. a lot of competition.
Pros
Extremely competent senior leadership
State of the art facilities
Global exposure
Smart fellow workers
Broad range of roles and challenges
Cons
Complex environment to navigate through
No clear goals provided to each individual
Not very efficient work environment - long hours
Advice to Senior Management
Keep up the good work keeping everyone focused through turbulent times.
Balance Focus on increasing global connectivity with improving the efficiency within the organization.
Pros
Good benefits, talented and motivated people
Cons
Can be longer working hours and big demands on you as you get senior
Pros
Challenging experience where you will learn a lot. You will be doing real work that a normal employee would be doing.
Cons
Might get stressful at times with work overload.
Advice to Senior Management
Acknowledge that interns are just interns
Pros
There are plenty of smart people working in technology and you get to learn a lot from them. People get along fine within my area. Excellent overall benefits package.
Cons
Tends to build a lot of software in-house, should leverage open-source software where possible.
Long stressful hours should be no surprise to anyone.
Overloaded with too many smaller tasks, hard to focus on core development tasks.
Continuing to move tech jobs out of NYC area.
Comp is slightly above average, just slightly better than other fin companies. Don't expect to make the news reported avg employee comp of $500K+.
Advice to Senior Management
Improve comp for technologists. Work life balance.
Pros
You will have wonderfully talented colleagues and the opportunity to learn from internal as well as external thought leaders -- it's a great place for someone who is motivated by learning. Expectations are high, and you will be challenged over and over to learn, teach and lead. Teamwork is generally the norm, and everyone is expected to adhere to a pretty tough suite of policies and procedures, regardless of your practice area. Starting salaries are high, and the benefits are very good -- if you make it a point to save and invest, you would be hard pressed not to accumulate wealth, even at an early stage of your career.
Cons
Goldman Sach's drive for excellence is legendary and while there is a great deal of commentary on achieving work/life balance, the scales always tip in favor of doing a great job. While part-time and flexible work arrangements can be negotiated, it's almost never a good deal because while you give up a fixed percentage of salary and benefits, the work almost never is decreased in equal measure.
More distressing is the 360 review process, which gives the appearance of fairness, but in reality leaves a great deal of latitude in the hands of managers, who have budgets to meet, and who therefore tend to "manage to the middle". The evaluation process is politically motivated and treacherous, while under a veneer of "meritocracy" Thus, the performance of more experienced, higher paid employees is downgraded to put more in the pot for favorites who may not perform any better, and who may not coincidentally be white, male and younger employees.
Pros
- very ambitious people
- Compensation
- benefits
Cons
- very political
- 360 Reviews
- Work life balance
Advice to Senior Management
The leadership at GS is good however managers need to receive feedback from their subordinates to further strengthen their leadership abilities
Pros
company transport, cafetaria, health support, working environment, everyday challenges make work more interesting. All the work done has a purpose one way or other.
Cons
miniscule stipend during internship leaves you with more expenses than you earn. Very demanding jobs. Overly formal culture. Very competitive colleagues
Pros
Amazing opportunity to develop career. Professional work environment. Great benefits.
Cons
Long hours, and high demands. Old systems and long lead times on IT projects.
Advice to Senior Management
Focus on technical skills of employees to get help with automation processes.



