Goldman Sachs Reviews

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3.6
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
73 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. Challenging place to work, smart driven people, great if you can find the right place within the org.

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

    Pros

    Colleagues are motivated, can be relied on to go the extra mile. Smart people. Gold standard office environment, benefits, available training and so forth.

    Cons

    It's large, you have to work to find the right team to work within.


  2. Helpful (4)

    Politically adept workforce and leadership with little people management skills despite rhetoric

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Organization with deep pockets Competitive salary and benefits Smart people 'Do good' initiatives benefit the disadvantaged, but are clearly self serving as well

    Cons

    Super political; need to always watch your back Recent influx of 'outsiders' a huge contrast to dedicated long-term employees Many 'managers' who only manage upward, not even sideways and certainly not downward 360 review process is a sham and political tool Large established organization better at marketing itself than delivering what it promises

    Advice to Management

    Reputation allure is enticing to those interested in mining 'gold' but GS is living off its past.


  3. Helpful (1)

    Amazing experience - need to do justice to this company

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

    Pros

    *Very knowledgeble, professional, respectful employess and management, very positive environment *Ability to work from home when necessary and work-place flexibility - a must if you have a family *Good pay, in line with the market rate for similar roles. However, the media reports about several hundred thousand of compensation per employess are bloated. The numbers are severely skewed by taking into account a few higher-paying executives. * Tecnologies used are more up to date than in other large financial firms/investment banks (but I'm speaking about my dept only) *Ability to propose/share your own ideas (to certain extent, since I was a consultant) * The company *does* care about its reputation * I didn't not have any full-time perks as I was a consultant and still, I was very, very happy with the job. * In general, it was a very, very positive experience and I'd love to go back there either as a consultant or full-time if the company starts hiring back

    Cons

    One word: layoffs. There is good communication between management and employees about the possibility of upcoming layoffs, but this is still stressful for everyone, both employees and management. I guess it is stressfull for the company itself since they need to show the investors that they are cutting costs and cannot keep the good employees they would have otherwise have tried to keep.

    Advice to Management

    Let consultants use the gym (since you have to pay for it anyway!). When you sit at work all day long, and commute while sitting, it's not a luxury to exercise, it's a MUST. There are no public gyms in the vicinity of the office. I have developed back pain at some point because I was sitting at work all day long. Also, the inability to use the gym made me feel like a second-class employee (I was a consultant, but my duties were not really different from anyone else on the team).


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  5. Great place to start with significant opportunity for growth depending on performance

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

    Pros

    The company has great benefits and a strong culture of unity and hard work. My position is highly analytical, but you might not get that as an operations employee. Your duties will depend completely on what teams are available when you start if you are in the operations division.

    Cons

    The culture and tasks of the individual team you are placed on in Salt Lake will determine more about your overall experience than anything else.

    Advice to Management

    Match employees up with duties that align with their strengths rather than what might be open at the time. Promotions are merit based, but some activities go unnoticed.


  6. Learning curve from start to finish

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

    Pros

    People, Opportunities, Learning, Compensation, Challenges

    Cons

    Not enough time. Thin staff, late meeting start times...

    Advice to Management

    Start meetings on time... no need for the "Goldman 15" nearly every meeting started 15 minutes late... really the only unproductive time during the day.


  7. A good place to start a career.

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

    Pros

    I feel like I have support in developing and implementing new ideas. The people I work with are fantastic. There are also many opportunities to learn new things

    Cons

    The hours can be long sometimes, and it can be stressful. Sometimes the work involves manual processes that can seem tedious.

    Advice to Management

    Find a way to make the workday a little shorter. Also find a way to make team performance more transparent


  8. Helpful (2)

    Mediocre

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in New York, NY
    Current Employee - Senior Vice President in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    The prestigious name is a great reason.

    Cons

    They work you like a dog and then throw you away.

    Advice to Management

    More competence at senior levels would be nice.


  9. Type A Paradise

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Recommends
    No opinion of CEO

    Pros

    The culture of efficiency, hard work, and drive are incredible. It remains pretty professional at all times, though the brilliant people you work with make up for the all-work mentality

    Cons

    -Hard work/life balance: depending on your division, there's pressure to stay late, though it's often for good reason -Getting fired is always a surprise to everyone--lack of transparency -Runs lean, but sometimes TOO lean

    Advice to Management

    This is a great place to work if you fit the corporate, type-A culture. There's room for career growth and experience.


  10. Excellent Place To Work with Great Coworkers and Managers

    • 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

    Great Culture Teamwork Management is very kind Reputation of company Ability to move around State of the art facilties

    Cons

    The work is repetitive, boring, and not challenging

    Advice to Management

    No adivice to management since they can't do anything about the level of difficulty of the work.


  11. Be prepared to work, even as an intern

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

    Pros

    - Compensation - Responsibility given to each employee - Great training - Perks (free dinner after 8 PM, free car after 10 PM) - Prestige of having the firm on your resume

    Cons

    - The hours - even in the Operations division (where I interned), there is virtually no work/life balance - Too much time is spent focused on tiny details that don't matter very much or at all - Too much time spent in meetings which have nothing to do with your job - HCM doesn't do things when they promise they will - As is the case with any job, some managers (like the one I had) can be quite difficult to deal with

    Advice to Management

    Promote a better work/life balance and revamp some aspects of the firm's culture. Also, provide better training to managers so they can be more effective.



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