Goldman Sachs

www.goldmansachs.com

Goldman Sachs Reviews in Salt Lake City, UT

Updated January 20, 2015
Updated January 20, 2015
1,914 Reviews
3.7
1,914 Reviews
Rating Trends

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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
1,244 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

158 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Know your family only through the pictures on your phone

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

    I have been working at Goldman Sachs full-time (more than 5 years)

    Pros

    good to great medical benefits
    subsidized disability and life insurance
    401k matching
    Many learning opportunities and resources are available to employees
    good culture
    flexibility

    Cons

    Work/Life balance
    Successful employees are expected to work a lot of overtime
    Ethics - if it's not specifically illegal to do, it may be allowed
    You must threaten to leave to get a raise
    non competitive wages
    Managers fight among themselves for control. A verson of the Risk boardgame. Whoever takes control of the most territory, is promoted.

    Advice to ManagementAdvice

    Your voice isn't the only one to be heard

    Doesn't Recommend
    Negative Outlook
  2.  

    Sweatshop

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

    I worked at Goldman Sachs full-time (more than 3 years)

    Pros

    Benefits, compensation, and resume building. Sometimes teams are cohesive and friendly, other times not so much

    Cons

    Hours, demands, constant shifting roles. Layoffs were always looming, incredibly competitive.

    Advice to ManagementAdvice

    Be realistic

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3.  

    Summer Analyst - Good Experience

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

    I worked at Goldman Sachs as an intern (less than a year)

    Pros

    The internship program is a great experience. Got to hear upper management speak about the company and future career. My team was very helpful in training me on daily tasks.

    Cons

    The hours are really long. Prepare to work almost all day on repetitive and mundane tasks. Not a lot of room for growth.

    No opinion of CEO
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  5.  

    Very Good

    Current Employee - Vice President - Technology in Salt Lake City, UT
    Current Employee - Vice President - Technology in Salt Lake City, UT

    I have been working at Goldman Sachs full-time (more than 10 years)

    Pros

    Team work, Challenging, Reputation, compensation, diversity

    Cons

    late nights, pressure, buerocracy, weekend work, politics

  6. 1 person found this helpful  

    Pay is okay. Work-life "balance" non-existent

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

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

    Pros

    Salary
    Benefits
    Most colleagues are very intelligent and great to work with

    Cons

    Management acts entitled, and the bureaucracy around communicating with management is ridiculous
    Nearly impossible to work from home
    Expect to work long hours (even though management says office "face time" is not important...)
    Expect to get yelled at by management

    Advice to ManagementAdvice

    GENUINELY encourage work-life balance
    Allow people to work from home if they would like or need to
    Trust your employees more and allow them to do their jobs

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  7.  

    Not great place to work for if you want to have a balanced life outside of work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Market Data Associate in Salt Lake City, UT
    Current Employee - Market Data Associate in Salt Lake City, UT

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

    Pros

    Good work environment,i don't see much pros

    Cons

    Too much politician,as a contingent hard to get converted to employee

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    A Type People doing B Type Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Finance Associate in Salt Lake City, UT
    Current Employee - Finance Associate in Salt Lake City, UT

    I have been working at Goldman Sachs full-time (more than 3 years)

    Pros

    People are great, training opps are endless and the opportunities to advance are good. Firm promotes internal mobility and holds to it as long as you a good candidate.

    Cons

    Work hours are long, very bureaucratic, work can be very monotonous at times. The review process is ridiculously unhelpful and the bonus and promotion process is very political. Every year there is a reaping and the bottom 5% is cut- so fear of layoff is seemingly always there- a pro in some aspect...

    Recommends
    Positive Outlook
    Approves of CEO
  9. 3 people found this helpful  

    Great Place to Start a Career

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

    I have been working at Goldman Sachs full-time (more than 5 years)

    Pros

    GS is a fantastic place to start a career. They teach you so much and expect even more. The management is very open to answering questions and teaching up and coming employees. There is a very strong office culture and an office-wide desire to provide the best. It is very challenging, fast-paced and interesting. This is the kind of place where sprinters thrive. However, how many of us can sprint through a marathon?

    Cons

    First off, the pay is horrible. They almost brag about their ability to pay the lowest possible amount to keep an employee. I advanced several times, and my pay always seemed to be about the same. It is hard to justify an increase in responsibility, time, and expectation without compensation being reciprocated.
    Secondly, the reviews are a farce. Your manager, who gathers all the reviews from your peers, has the ultimate deciding factor of what your final score will be. They can drop it to whatever they want regardless of your peer ratings. I have sat in review sessions and watched this very thing happen.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 3 people found this helpful  

    A great opportunity to work your tail off...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • 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 full-time (less than a year)

    Pros

    - Motivated and intelligent coworkers
    - Great benefits and decent salaries
    - Comfortable workplace environment
    - Opportunities for additional training
    - It is easy to schedule time with upper management
    - Challenging environment

    Cons

    - Work life balance... 95% work, 5% life.
    - It is a very hierarchical organization (Not "flat")
    - The work can be monotonous
    - High expectations and demands can lead to high levels of stress
    - It is very difficult to make an impact on the firm if you are not in upper level management

    Advice to ManagementAdvice

    The training opportunities at Goldman Sachs are great! However, more often than not, it seems that the middle level management discourage going to the trainings because it will "keep you away from your desk". Middle level management should focus more on the long term development of the employees. Also, the culture of Goldman Sachs is very strong and rigid. In my experience, most levels of management are highly resistant to change. They should go out of their way to ask for ideas from all levels of the company.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 3 people found this helpful  

    This was a great place to start my career.

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

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

    Pros

    The firm has great people and plenty of opportunities to stretch yourself.

    Cons

    The firm requires a minimum of 50 hours per week.

    Recommends
    Positive Outlook
    Approves of CEO

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