Goldman Sachs Reviews

Updated July 4, 2015
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1,995 Employee Reviews

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  1. Great people, horrible slave driving work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CEG - FX Derivatives Operations Analyst in Salt Lake City, UT
    Former Employee - CEG - FX Derivatives Operations Analyst in Salt Lake City, UT

    I worked at Goldman Sachs full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The people are fantastic, motivated, and doing the best they can. My managers were some of the most decent, kindest women I've ever met. And you could tell the MD tried hard to make us happy given our situations.

    Cons

    "Contingent worker" really means, "you're not an employee here and you will recieve no benefits or decent pay for the hours you'll work."

    Yes, it's a prestigious job. But should we be working 60 hours a week for 17$/hour when we're not even allowed to visit the GS "Wellness Center" for an aspirin on the house?

    If you are technology savvy in any way, stay away from GS. While their JVM architecture teams are fabulous, the in-house proprietary software is so outdated that (not an exaggeration) 75-80% of your job will be fighting against the software you're forced to use. That includes the problems you'll face.

    Advice to Management

    Update your software, hire enough people to handle the workload, treat your employees (even the "contingent workers") like human beings. There's such a thing as work-life balance. Look into it.


  2. Working at GS

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

    I have been working at Goldman Sachs full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Smart, passionate people all around

    Cons

    Avg compensation and bonus, legacy code


  3. N/A

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Goldman Sachs full-time

    Pros

    Good incentive system and benefits

    Cons

    Long hours and too competitive of an environment


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Analyst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Goldman Sachs full-time

    Pros

    Lot of great infrastructure.

    Cons

    Runs too lean and pays below market value.

    Advice to Management

    Incentivize your employees to prevent mass turnover


  6. Tech Analyst

    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Goldman Sachs

    Pros

    Great culture and great people here

    Cons

    Work life balance not very well


  7. Excellent company

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

    I worked at Goldman Sachs full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good pay and company cares about it's people.
    Good upward mobility for high performers especially early in your career

    Cons

    It gets top heavy after a while and there is an inherent ceiling
    For a large company the hierarchy and reporting structures can be a pain

    Advice to Management

    Take care of your good people and continue to promote them without following a strict schedule


  8. Helpful (2)

    Goldman Sachs Investment Banking Division Analyst

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

    I worked at Goldman Sachs full-time (More than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    One of the best brands on the street
    For someone fresh out of college, GS gives you the first opportunity to develop a sense of professionalism
    Fast paced work, challenging tasks, great friendships between fellow analysts
    Nice compensation package for a 23 year old
    Exit opportunities are endless

    Cons

    Often had to work >80 or 90 hours a week, your social life goes to hell, don't even think about dating. You will inevitably miss out on some important life events (e.g. your friend's wedding) because of your work.
    People ask you "what do you do?" and you will want to try to avoid the answer.

    Advice to Management

    There's not much new information to provide, I believe the management is doing well in terms of training young analysts and developing them in a way that would never be possible somewhere else.


  9. Associate, Securities Division

    Current Employee - Associate in San Francisco, CA
    Current Employee - Associate in San Francisco, CA

    I have been working at Goldman Sachs (More than 3 years)

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    Very intelligent and driven individuals. Senior colleagues truly invest in younger employee's careers as analysts and associates.

    Cons

    Company is very slow to innovate and tries not to disrupt current conditions. (Never first mover) With such a prominent emphasis on relationship ownership, sometimes management loses sight of who is actually doing the work. Difficult place for young people right now...industry going through many changes post Dodd-Frank and upward mobility is not what it used to be.


  10. Great for career development

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Operations Associate in Irving, TX
    Current Employee - Loan Operations Associate in Irving, TX

    I have been working at Goldman Sachs (More than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Driven and innovative colleagues. Ability to impact change even from lower levels. Great benefits. Many upper level managers are easy to talk to and willing to invest in your career development.

    Cons

    Too political, long hours, and not family friendly. Ops pay structure relies too heavily on discretionary bonus, which seems strange for non revenue generating division. Your salary will increase over time, but no correlation to promotion.

    Advice to Management

    Lessen hours worked. Push employees to maintain work life balance and they will stay longer.


  11. Business Analyst

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

    I have been working at Goldman Sachs full-time (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    -Can't beat the brand.
    -Base salary for a young analyst entering the firm is good.
    -In your first year, you gain a relatively good sense of professionalism and industry knowledge compared to peers at other companies. You're exposed to a lot very fast.

    Cons

    -Working on the peripherally to the core IBD and Securities divisions, you don't get a lot of recognition; can be demoralizing even if you are doing critical work.
    - Bonuses are subpar.

    Advice to Management

    - Show firmwide recognition and appreciation for those working in federation divisons.
    - Agreed with most reviewers to remove 5% cut at the end of the year. It doesn't work in a lot of scenarios and fosters a under-the-table competitiveness.



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