Goldman Sachs Reviews

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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
62 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

Employee Reviews

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  1. Helpful (15)

    Goldman Sachs - Work. make money, interesting deals, don't have kids

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in San Francisco, CA
    Former Employee - Senior Associate in San Francisco, CA
    Recommends
    Disapproves of CEO

    Pros

    The work - incredibly interesting deals and chance to be at the tip of the spear in the financial industry when things happen. The pay is terrific, as are the benefits Notwithstanding the financial meltdown, GS has definite cache and presitge in the financial world. You are working with some of the best and the brightest outside of McKinsey and Bain

    Cons

    Did I mention the work? Lots and lots of work, and then more work. Two briefcases: One for your work; the other for a change of underwear after sleeping in the office whilst working on an M&A deal. Forget going to your kids' soccer games, little league games, Lamase classes. GS is all about and only about the work. Word to the wise: Keep your own counsel. Any stinkeye remotely caught by the view of a GS Partner does not bode well for your career.

    Advice to Management

    They take themselves much too seriously. Their concept of life is that it can be reduced to a zero sum game. They have not grasped the reality that when you are dead, you are dead (i.e. you will not take your money, GS stock/options and any other prized IB kudos wth you when you part this life). Strive for more work/life balance. Recognize that you will not win every deal. Look for the warning signs of burnout. And for God's sakes, stop trying to emulate the medical profession with "if I could pull all nighters as an Assoicate, so can everyone else." Those days are gone. The GS staffers have lives outside the bubble. Respect that, reward that, celebrate that. You will be absolutely astounded by the increased loyalty you get from the troops.


  2. Helpful (1)

    Great company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Philadelphia, PA
    Current Employee - Financial Analyst in Philadelphia, PA
    Recommends
    Approves of CEO

    Pros

    Amazing company, amazing employees that work hard for common goals

    Cons

    Long, Long hours and hard to balance work with social life

    Advice to Management

    lose some of the hurdles of communication


  3. Helpful (6)

    Operations SLC

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Salt Lake City, UT
    Former Employee - Operations Analyst in Salt Lake City, UT
    Recommends
    Approves of CEO

    Pros

    Benefits... Health care, 401k, all the best. If you like operations work, this is the place to be. Ranked as the top employer in Utah.

    Cons

    For working in Salt Lake City, it pays well. However, a same-level operations analyst in NYC/Jersey City makes much more. Further, much of your pay is based on performance bonus, which reviews are heavily biased and leaves room for wage discrimination. Immediate management is out-of-touch. Merit rewards no one... if you'd like to succeed, be sure to network well and create the perception of value. Emphasis on "perception". Overtime pay is half-time... but if you work any less than 50 hours/week, you'll yourself in a serious "conversation" with your manager--regardless as to whether you have work left to do. Again, the perception of being a valuable employee, and this includes just working late for the sake of working late, is what matters. But if you still want the job, make sure you play to Goldman's egos, as they like to hear how "big-deal" they are, because they work for a "big-deal" company. There are very few finance roles at GS Salt Lake City... it is a major operations hub for GS.

    Advice to Management

    No advice to senior management.


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  5. Summer Analyst

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Analyst in Salt Lake City, UT
    Former Employee - Summer Analyst in Salt Lake City, UT
    Recommends
    Approves of CEO

    Pros

    The networking with senior management.

    Cons

    People are too busy to help. In order to speak to somebody for longer than 30 second, you have to request time in their calendar.

    Advice to Management

    My direct manager never had any interest in what I was doing.


  6. Great place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Approves of CEO

    Pros

    very smart people, dedicated to getting a good job done

    Cons

    Getting very large, particularly 200 west

    Advice to Management

    Don't reject those who are slightly differnt from the standard.


  7. I did have a great expereince there

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Compliance Division in Salt Lake City, UT
    Current Employee - Compliance Division in Salt Lake City, UT
    Recommends
    Disapproves of CEO

    Pros

    - Great work - Great teamwork

    Cons

    - too much work and deadline

    Advice to Management

    they are great!


  8. Good experience

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY
    No opinion of CEO

    Pros

    Opportunity to work with smart people

    Cons

    Little time for personal life

    Advice to Management

    Create a clearer path for promotion


  9. Loved it

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Technology Analyst in Jersey City, NJ
    Former Employee - Summer Technology Analyst in Jersey City, NJ
    Recommends
    Approves of CEO

    Pros

    The work was very hands on and the colleagues extremely friendly; the company gets a bad rap for the financial crisis but they were in fact some of the more responsible ones; learned a lot.

    Cons

    It is not a tech company and therefore the work is important only as much as it furthers the main business

    Advice to Management

    You're doing a good job


  10. Helpful (1)

    Great place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Junior Business Analyst in Jersey City, NJ
    Current Employee - Junior Business Analyst in Jersey City, NJ
    Recommends
    Approves of CEO

    Pros

    Always a challenge, constantly learning. Great Reputation on Wall Street (not main street) Fair compensation Great people to work with firmwide

    Cons

    Ocassionally Long hours There can be some political motivations at times If you are not detail oriented or paranoid this may not be the place for you.

    Advice to Management

    Careful with hiring upticks, sometimes the culture gets diluted. New review process still needs work. Keep up the good work.


  11. Goldman

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    Great place to work, great name, and excellent exit opportunities

    Cons

    long hours Some managers are cliquish and it is difficult to break into the bubble if you are somehow 'different' from the typical employee

    Advice to Management

    Need more streamlining and there are some insensitivities to some cultures and races, especially at the junior level



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