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
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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. 2 people found this helpful  

    GS: Looks Great on a Resume but the life/culture is not for everyone.

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

    I have been working at Goldman Sachs

    Pros

    The reputation and the money. Looks very good on a resume. I felt the compensation was higher than other firms were offering to their back office support staff at the time that I worked there. The benefits package was extremely sufficient and you were also given access to GS's PWM platform and had access to all GS Research for HNW's and Institutional Clients.

    Cons

    If you are in a back office position (i.e. OTFS) it is very difficult to transition to a front office capacity (i.e. IB, IM, S&T). I am sure it is obvious that I wanted to transfer and was not able, but I am not posting a negative review because I am bitter, I am simply doing this so that other who have the idea that they can get into GS through a "back door" and transfer to a front office job are not diluted. I had many friends who attempted us GS's internal job posting to get a position and all were rebuffed.

    Advice to ManagementAdvice

    Increase access to front office jobs for all employees.

    Doesn't Recommend
    Approves of CEO
  2.  

    Oppressive work environment

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

    I have been working at Goldman Sachs

    Pros

    Its name is great, the quality of the people is extremely high: as good as it gets.

    Cons

    Oppressive environment, over-confident employees, too much stress. It is also annoying to constantly hear the constant self praise that goldman gives.

    Advice to ManagementAdvice

    Stop the hundreds of emails that are sent every day! This is quite unbearable and results in important emails being ignored.

    Approves of CEO
  3. 2 people found this helpful  

    Great place to work hard.

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

    I worked at Goldman Sachs

    Pros

    The compensation at goldman is top of market. Every year as you move up in the firm, if you are getting good reviews, you can get good money. The firm has good processes for reviews and promotion. You generally know pretty well what you need to work on and what your goals for the next year should be. People are generally talented and hard working, which makes it a great place to be if you are also ready to work hard. You can learn a lot and the brand is a great one to have on your resume.

    Cons

    Goldman is a hard working place which can demand long hours, weekends, and evenings. The culture is highly political and you will have to do what your boss asks. Everything works from the top down. You are given some freedom about how to execute, but the what is chosen from above and the when is ASAP.

    Advice to ManagementAdvice

    Keep it up.

    Recommends
    Approves of CEO
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  5. 1 person found this helpful  

    A great place to work.

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

    I worked at Goldman Sachs

    Pros

    You are looking for a fascinating and rewarding career in IT or finance. This is one of the best possible places to start your career or to continue a career. I have never worked with a group of people that so consistently blew me away with their attitudes towards teamwork, support and their sheer overall intelligence.

    Cons

    You are expected to truly give your all. Half efforts are not tolerated.

    Advice to ManagementAdvice

    Be open to different types of employees with varying backgrounds.

    Recommends
    Approves of CEO
  6. 2 people found this helpful  

    Nice place to work on the Street

    • 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

    There are a lot of Smart people working at Goldman Sachs. There is a lot of co-operation across team and I haven't seen that at similar sized organizations. At Goldman's size things move around fast.They pay quite good relative to others in the industry.

    Cons

    Long hours can be a issue but it totally depends on which group you belong to. There is a general impression that hours at GS are pretty long which is true if you wanna paint the whole place with a single brush stroke. They are a little late in adopting new technology

    Advice to ManagementAdvice

    Always keep the quality of people being hired very high as thats what makes it a good place to work.

    Recommends
    Approves of CEO
  7.  

    A great place to learn the business

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

    I have been working at Goldman Sachs

    Pros

    Goldman has a very diverse workplace and nearly everyone who I have worked with has been fun, helpful, and supportive. You get a great starting salary, healthcare benefits and 1 to 1 401k matching. Also there are the usual financial firm perks: $25 for dinner after 7 and a car home after 9...not to mention lots of cocktail parties!

    Cons

    Obviously there are some long hours, but that is to be expected...get your work done early and you can go home. Facetime is not an issue. Also there are those who think that they are great just b/c they work at G/S...but then again you have that at any financial firm.

    Advice to ManagementAdvice

    Improve quality of H/R involved in new hire training

    Recommends
    Approves of CEO
  8.  

    Great Internship experience, take at first offer.

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

    I have been working at Goldman Sachs

    Pros

    Goldman Sachs is by far the most successful investment bank on wall street. While every other company was cutting back ranks and barely hiring, Goldman barely flitched. While this is not a record breaking year by any accounr, Goldman did set a record breaker in comparison to its competitors. Thus, if I could only give one reason to work here, it would be that you shouldn't have to worry about not having your job at the end of the day. Other good things is good pay, free food after 8pm and of course the free rides home after 8 (but then again, you have to stay after 8 pm to get the ladder two)

    Cons

    Being a summer analyst, one is able to notice a lot of things in the company. For one, I notice that depending on the group within technology, people work either straight from 9 to 5 or work ridiculously long hours. I also heard from people (just rumors of course) that Goldman technology has a lower starting salary than many other financial tech companies and has an especially low bonus in comparison (but again this is just rumor). I would also say, working in Jersey City is a small downside (to me at least) as one has to travel from Manhatten to get to work, though then again, at least everyone else is going the opposite direction.

    Advice to ManagementAdvice

    I would tell senior management (on the non-tech side) to realize the importance of technology in the workforce. GS is now basically a technology company,where the speed a trade occurs is the most important thing to a client rather than the small personal touch that GS provide with the traders.

    Recommends
    Approves of CEO
  9.  

    Great place to begin a career

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

    I have been working at Goldman Sachs

    Pros

    The brand name, the opportunity to quickly assume a great deal of responsibility, challenging work, very intelligent colleagues

    Cons

    High-stress, very intense environment with tremendous pressure to perform at all times

    Advice to ManagementAdvice

    Take steps to make compensation and career advancement more transparent to new/junior employees.

    Recommends
    Approves of CEO
  10. 1 person found this helpful  

    great place to work...but beware of certain managers

    • 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

    the people - employees. very helpful in the training

    Cons

    management wasn't always fair with work and raises. seemed to favor their 'friends' more than the way people worked

    Advice to ManagementAdvice

    look at how people work instead of who they are. they may be related to you in a way, whether it be family, or a friend of the family. that does not give you the right to promote them over someone who has been there for years and has done a great job on the job

    Recommends
    Approves of CEO
  11.  

    Eyes Wide Open

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

    I have been working at Goldman Sachs

    Pros

    GS has an impeccable reputation in the financial industry. Benefits are GREAT! You can reach out to fellow co-workers if you need assistance.

    Cons

    Some department resources are stretched too thin. Distribution of changes in company policies could be done more frequently. Outsourcing of some company help desks slows down the process of getting some tasks completed in a timely manner.

    Advice to ManagementAdvice

    Communicate, communicate, communicate....

    Recommends
    Approves of CEO

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