Goldman Sachs Reviews

These reviews contributed towards 2012's Best Places to Work recognition. See ratings and reviews for all time.
97 Reviews

3.6
97 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
72 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

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.

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

    I worked at Goldman Sachs

    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.

    Recommends
    Approves of CEO
  2. 4 people found this helpful  

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

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

    I have been working at Goldman Sachs

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  3.  

    Learning curve from start to finish

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

    I worked at Goldman Sachs

    Pros

    People, Opportunities, Learning, Compensation, Challenges

    Cons

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

    Advice to ManagementAdvice

    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.

    Recommends
    Approves of CEO
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  5. 1 person found this helpful  

    Amazing experience - need to do justice to this company

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

    I worked at Goldman Sachs

    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 ManagementAdvice

    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).

    Recommends
    Approves of CEO
  6.  

    A good place to start a career.

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

    I have been working at Goldman Sachs

    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 ManagementAdvice

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

    Recommends
    Approves of CEO
  7.  

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

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

    I have been working at Goldman Sachs

    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 ManagementAdvice

    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.

    Recommends
    Approves of CEO
  8.  

    Type A Paradise

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT

    I worked at Goldman Sachs

    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 ManagementAdvice

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

    Recommends
    No opinion of CEO
  9. 2 people found this helpful  

    Mediocre

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Vice President  in  New York, NY
    Current Employee - Senior Vice President in New York, NY

    I have been working at Goldman Sachs

    Pros

    The prestigious name is a great reason.

    Cons

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

    Advice to ManagementAdvice

    More competence at senior levels would be nice.

    Doesn't Recommend
    No opinion of CEO
  10. 1 person found this helpful  

    good company overall, but group by group could be different

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Goldman Sachs

    Pros

    professional. smart people. work hard

    Cons

    politics. at least my manager is terrible - doesn't give you career advice, treats you as a working machine

    No opinion of CEO
  11.  

    Be prepared to work, even as an intern

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

    I worked at Goldman Sachs

    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 ManagementAdvice

    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.

    Recommends
    Approves of CEO

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