Goldman Sachs

  www.goldmansachs.com
  www.goldmansachs.com

Goldman Sachs Reviews

These reviews contributed towards 2009's Best Places to Work recognition. See ratings and reviews for all time.
66 Reviews
3.8
66 Reviews
Rating Trends

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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
65 Ratings

Review Highlights

Pros
  • The best thing about the firm is outstandingly smart people at the firm (in 185 reviews)

  • People are smart (no one can be lazy, people always challenge you, you learn a lot) but humble (in 46 reviews)


Cons
  • Work life balance is non existent if you want to proceed up the corporate ladder (in 323 reviews)

  • Expect to work long hours (even though management says office "face time" is not important (in 398 reviews)

More Highlights

Employee Reviews

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  1.  

    Where the best and the brightest work.

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

    I have been working at Goldman Sachs

    Pros

    Surrounded by very intelligent and driven people.

    Cons

    Face time and long hours are important making for a poor work/life balance.

    Advice to ManagementAdvice

    Provide more timely constructive feedback and recognition for a job well done.

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    Good place to start a career

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

    I have been working at Goldman Sachs

    Pros

    The firm provides very diversified training classes, and I really improve both my hard skills and soft skills a lot here. It's a great place for young people to start a career, although there's no job security unless you have a really good personal relationship with your boss.

    Cons

    I used to commute 3 hours every day, considering I work more than 12 hours everyday, i have no personal life during weekday, and I got too tired to go out during the weekend.

    Advice to ManagementAdvice

    I hope senior management could communicate with employees better, we prefer to know what happen to the firm from you rather than from google news.

    No opinion of CEO
  3. 2 people found this helpful  

    Money machine, and nothing else

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

    I worked at Goldman Sachs

    Pros

    They pay really well. If you want to make lots of money quickly before running off to Grad School, then GS is where you want to be!

    Cons

    You have to almost change your personality to fit in to there culture, dress like they dress, talk like they talk, watch the same TV shows, it's like they wnat everyone to have a single personality. And everyone is way to uptight.

    Advice to ManagementAdvice

    Encourage a flat hierarchal structure. Current structure is too "todomplish"

    No opinion of CEO
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  5.  

    Great place if you really like this line of work, if not its really boring.

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

    I worked at Goldman Sachs

    Pros

    Prestige, good benefits, the hours weren't too bad. Other than that, its not too exciting.

    Cons

    Utah sucks, the work was repetetive, boring, the people were really nice but weren't the most exciting to work with.

    Advice to ManagementAdvice

    They are good are what they do, good leaders. Fair in the ways they manage workers, treats everyone with respect. Lets everyone give their ideas and implement projects.

    Recommends
    Approves of CEO
  6.  

    GS!!!!!

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

    I worked at Goldman Sachs

    Pros

    There are a lot of smart people who work there, you are constantly pushed to find the best in you. Also there is a lot of emphasis on generating revenue. Very meritocratic (within divisions)
    Very competitive compensation
    If you re very hard working and commercial there is much room for advancement. For sales and trading there are a lot of firm resources to "leverage"

    Cons

    Not much respect outsidde of sales and trading.
    Very difficult for qualified people to move into S&T from other areas. I don't think that the downsides are any different to anywhere else. Basically when you go there be sure that you will like your group and job function, cause it's unlikely you'll be moving.

    Advice to ManagementAdvice

    Try and see where your employees can fit best!

    Recommends
    No opinion of CEO
  7.  

    Good place to work, but for a Technology employee, there's a limit to how "good" it can be.

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

    I have been working at Goldman Sachs

    Pros

    Despite the turmoil in the current market, if you want to work in a large financial house, Goldman Sachs is the place to be. There's a lot of clear opportunity for career advancement within the firm, and long-term outlook is still good if you can make it through the current economic crisis with your job intact.

    Cons

    My downsides are focused on the fact that I work in Technology; I consider myself to be a pretty good developer, and I just don't think I can reach my potential in terms of self-development and also prestige amongst peers working in a non-revenue generating role at a bank.

    Advice to ManagementAdvice

    Again, geared more for Technology management, I would suggest actively reminding your people of the ways they contribute to the firm, with specific examples so that people really feel that they're making a difference.

    Recommends
    Approves of CEO
  8. 1 person found this helpful  

    Great company focused on its people, culture, and high-expectations to succeed

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

    I worked at Goldman Sachs

    Pros

    Great people, incredible amount of knowledge in this company. Senior management is willing to help analysts out with no. Culture is very teamwork oriented and focused on diversity. I worked with people from all backgrounds and was hard pressed to find someone who wasn't unique. They really want you to work beyond expectations and deliver 110% on everything; the quintessential driving force of Goldman Sachs. Typically, every employee is respectful of the competition and rarely, if ever, downplays the rival banks. Also, employees are required to participate in community teamwork projects. These helped build relationships with co-workers and showed the company has a general interest in giving back.

    Cons

    There are a few people who are quite condescending when you require information from them. Sometimes it makes the job harder to do and the goal of success tough to reach. Also, the name often goes to people's heads and they exude somewhat of an ego.

    Advice to ManagementAdvice

    Make it a point to know your employees. I was on a team that was lead by a boss who knew about our group personally and it definitely improved performance/moral. Take time to ask about employees weekends, lives, etc. It really makes a difference and makes for a comfortable environment!

    Recommends
    Approves of CEO
  9. 2 people found this helpful  

    Make a great company even better!

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

    I have been working at Goldman Sachs

    Pros

    The talented people, competitive compensation, and much opportunity for individual career advancement. One of the key business principles at Goldman Sachs is that capital, talent, and reputation are the main assets of the firm. Reputation, however, is the most important and guarded extremely carefully. This makes the people of Goldman Sachs, especially, senior management act with utmost integrity. When most people in Wall Street are short-term greedy, GS is long-term greedy.

    Cons

    The long hours, perhaps, but long hours are norm in investment banking. Not sure if it really enhances productivity, but perhaps bankers and traders are obsessed with their work.

    Advice to ManagementAdvice

    Make a great company even better!

    Recommends
    Approves of CEO
  10.  

    Great company to work for!

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

    I have been working at Goldman Sachs

    Pros

    Diverse firm, with lots of opportunities available to you. Overall high level of competency, as compared to competitors, from entry level to upper management. Extremely devoted and loyal staff, who are truly interested in helping the firm as a whole, and in working together efficiently and effectively.

    Pros

    -Overall recognition (by peers, family, other employers) that you work for one of the top companies in the world
    -Best benefits package I've ever received
    -Excellent coworkers that share a strong desire to succeed. You will be challenged at GS, but will be seen and appropriately rewarded for your efforts by senior management
    -Strong ability for promotion and growth based on your performance
    -Ongoing training programs are great, they also offer tuition reimbursement
    -Chance to work with many divisions, even internationally

    Cons

    Cons

    It can be difficult to move around cross-divisionally, depending on where you are coming from. They have a formal internal mobility process established, but largely due to the caliber of people they have, and the caliber of people they attract, it can take very long to more yourself to a position you want to be in, if it happens at all. Also:

    -Long hours, which is to be expected at a large investment bank
    -Takes longer to have ideas implemented as they are a large company with many moving parts
    -Can take a while to learn the various divisions, to see where you fit in and where you want to go next

    Advice to ManagementAdvice

    Please continue to hire the best and the brightest. This was an excellent firm to work for, I highly recommend it to others.

    Recommends
    Approves of CEO
  11.  

    Great experience

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

    I have been working at Goldman Sachs

    Pros

    Wide range of experience, compensation.

    Cons

    Hours, lack of free time, inability to have a life outside of work.

    Advice to ManagementAdvice

    If there is higher than normal turnover in a group, check out why and correct it.

    Recommends
    No opinion of CEO

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