Goldman Sachs

  www.goldmansachs.com
  www.goldmansachs.com

Goldman Sachs Reviews in Salt Lake City, UT

Updated November 9, 2014
Updated November 9, 2014
1,819 Reviews
3.7
1,819 Reviews
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Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
1,193 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

151 Employee Reviews Back to all reviews

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  1. 2 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
  2. 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 an 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
  3. 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 an 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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  5. 2 people found this helpful  

    Great experience, the job just wan't a fit.

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

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

    Pros

    The office was composed of very smart and ambitious people. You are given the opportunity to contribute from day one, the learning curve is quite steep but team members are very supportive and willing to teach. Flat corporate structure where even interns have access to VP's and Managing Directors.

    Cons

    Far away from NY.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Associate Goldman Sachs

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

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

    Pros

    Very bright people work here. Can always count on your Co workers

    Cons

    Work life balance, the firm uses every bit of you.

    Advice to ManagementAdvice

    Don't forget the people who are the brightest, if you appease your shareholders too much you will lose the people making the shareholders the money.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    fullfilling

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

    I worked at Goldman Sachs full-time (more than 10 years)

    Pros

    As a employee there is growth potential, good benefits, mentoring with like minded management. Tuition reimbursement, 401K matching, Global positions available. If you can make it at the firm for 2 years or more, then you can make it anywhere else in the industry.

    Cons

    Promotions occur with performance and not without your manager's blessing. Basic training, otherwise, fly by your pants in some cases. Work-life balance, firm believes in it, and if you need to work from home as well, that is fine too.

    Advice to ManagementAdvice

    As Galileo pointed out many years ago, the earth is not the center of the Universe, and neither are the men who think they run it. Treat everyone with courtesy and respect, and the firm will

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Challenging and rewarding

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

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

    Pros

    Elite professional experience, high level of responsibility, fast paced learning environment

    Cons

    Slow career trajectory, hard hours, low analyst/associate pay

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Fantastic leadership and career development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • 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 full-time (more than 5 years)

    Pros

    Management is great at adapting and responding to change. There are also several leadership programs that provide valuable experience if you're able to participate. You get to work with smart, capable people who care about what they do and the people around them. Overall, a solid corporate culture with strong values that are usually emulated in management.

    Cons

    Hours can be very long. Though, there was an effort to try and reduce this for some teams as it was getting out of hand during certain times of year. Another con would be that even though they strive to be a "flat" organization, office politics and self-interested managers still exist.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Summer Operations Analyst Experience

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

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

    Pros

    -Very smart driven people
    -Great development opportunities
    -Good work life balance

    Cons

    -The diversity of subdivisions within the division (Some roles are very challenging and interesting, while others are copy and pasting data all day)
    -Compensation could be better
    -Overly structured career progression path

    Recommends
    No opinion of CEO
  11. 1 person found this helpful  

    Great technical skills and driven people, cutthroat culture

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

    I worked at Goldman Sachs full-time (more than an year)

    Pros

    The set of skills you acquire here are among the best you'll ever receive for really any corporate or entrepreneurial pursuit that follows. The experience attained here is roughly 2X more than the same time spent elsewhere, and recruiters recognize the high brand quality of the firm. Goldman recruits highly motivated people who tend to be very sharp.

    Cons

    The culture lent itself to high levels of competition, encouraging employees to seek (whether consciously or subconsciously) opportunities to "throw colleagues under the bus" in order to get ahead, particularly at the junior level where there are only so many spots open to promote to Associate. Although management is relatively decent compared to other Wall Street firms, they can be very condescending towards employees and not fully honest about the thinking behind decisions made. There's a high degree of "face time", like anywhere on Wall St, and Goldman will never hesitate to put work ahead of anything else in your life, whether that be personal interests, friends, or even family.

    Advice to ManagementAdvice

    Treat junior level employees more like human beings, recognize the damaging effects of 100+ hour work weeks and permanent fixation on blackberry devices. Find creative solutions to enhance productivity while still challenging and developing employees. Allow for time to be spent with family and interests outside of work...no, ENCOURAGE this, recognizing the benefits of a more satisfied and balanced human capital asset.

    Recommends
    Positive Outlook
    Approves of CEO

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