Goldman Sachs

www.goldmansachs.com
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Goldman Sachs Reviews in Utah

Updated February 15, 2015
Updated February 15, 2015
162 Reviews
3.4
162 Reviews
Rating Trends

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Approve of CEO
Goldman Sachs Chairman and CEO Lloyd C. Blankfein
Lloyd C. Blankfein
162 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

162 Employee Reviews Back to all Reviews

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  1.  

    Great experience

    • 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

    Pros

    Many learning opportunities, competitive pay, access to senior leaders,

    Cons

    Behind the times with treatment of younger employees.

    Advice to ManagementAdvice

    Realize that high attrition rates are inevitable unless you change the current promotion structure.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Excellent Place to Launch a Career

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

    I worked at Goldman Sachs

    Pros

    Flat organization with great great people, lots of access to senior management, fast-paced and challenging work environment ensures you'll never be bored, lots of opportunity to work on different things and transfer to different departments (if you're a high performer) & outstanding benefits. Goldman really puts a lot of emphasis on their people, in developing them and having an open environment that's conducive to learning & progress.

    Cons

    SLC office is growing so rapidly there are some growing pains, it can feel like a very new/transitional type of company at times and there can be kinks in management and organizational structure (ie an ill-defined job role) that can add a lot of stress at times. Also, salary is ridiculously low. I don't care what they claim the SLC market is paying, it's way low. It seems like the other banks in town are raising salaries to compete with GS in the recruiting game though, and plenty of people quit to jump ship so perhaps with time the market will force salaries higher. That said, the benefits package is amazing!!!

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good place to start

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

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

    Pros

    A lot of development opportunities

    Cons

    Long hours and not necessary best in back office

    Recommends
    Positive Outlook
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  5.  

    Great training ground

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

    I have been working at Goldman Sachs

    Pros

    Great insight into wall street from a very livable location

    Cons

    east coast culture in west coast setting
    Low compensation

    Advice to ManagementAdvice

    fight the attrition with higher compensation

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  6.  

    IMD Controller Analyst

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

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

    Pros

    Smart people to work with, very fast working pace, great benefits and generous vacation days.

    Cons

    long hours, work life balance is hard to maintain

    Recommends
    Positive Outlook
  7. 1 person found this helpful  

    Great company with very aggressive work culture and strong motivated work force

    Current Employee - Project Manager in Salt Lake City, UT
    Current Employee - Project Manager in Salt Lake City, UT

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

    Pros

    A company with good culture that promotes team work and consensus . Pays well compared to peers at more senior levels.

    Cons

    Work life balance. Junior folks starting out of college are not compensated well but after 4-5 years the comp where it is comparable or better then peers

  8. 3 people found this helpful  

    Operations Summer Analyst

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

    I worked at Goldman Sachs

    Pros

    Prestige and pumps up your resume. I got all my interviews with other companies mostly because Goldman was in my resume.

    Trust me, rejecting the offer was the best thing i could have done. Not having a job is scary but Goldman helped me land a top tier job. You can greatly leverage this internship experience with any company.

    Cons

    Operations requires no skill and is absolutely unrewarding. You will write e-mails and create projects for internal use, no revenue generating. Higher management is unimpressive and I cant see anyone in the office being able making a sale, close a deal, or analyze financial data.

    Don't be fooled, Goldman people are impressive and sharp in IB, Sales, Research, and several other divisions, but being in Operations is like if you were working for an entirely different company.

    Of course there are smart people in there, but i will bet a million bucks that if you gave them the chance to go back in time, most of them would have not taken the offer and would be better of somewhere else. Don't be scared to reject the offer, but if you accept it make sure you understand what you are going into.

    Great job for anyone that comes from a low-tier school, they recruit from great schools and from very weak ones. If your school has a name or is prestigious I wouldn't take the full time offer, leverage it.

     You are and will be a secretary for the business side if you stay in operations, that's the ugly truth.

    DO internal mobility, that's the best shot at another division.

    Advice to ManagementAdvice

    My managers were great but some others need to be better leaders. Be impressive!!!, I was very unimpressed by the personalities I encountered.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    A growth opportunity, learning to think and work strategically

    • 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 (more than a year)

    Pros

    The benefits can not be beat.
    Work with mostly intelligent people.
    High stake responsibilities given to you on day one.
    Everyday can be a challenge to overcome but over time you'll see your own growth and realize you are stronger than you thought possible.

    Cons

    Management is never trained. They pick top performers and promote them to mangers- unfortunately most lack the interpersonal skill set needed to be a great leader.
    The stress is through the roof. You breathe the wrong way and they assume you broke an account.
    The hours are unruly - they will never tell you to go home. They will continue to overload your plate with more than you can manage and expect it to be perfect.
    No real training. Follows the monkey see monkey do attitude.
    Politics. The worst! Need to ensure you brown nose the right people to get promoted and make a difference.

    Advice to ManagementAdvice

    Under go people training. While you are very good at a function you may have once performed you typically are not good at working with people. Be more direct and to the point. Do not expect your team to pick up your slack or do things you yourself won't do. Learn to laugh and be a human not a drone.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Most challenging job in your life

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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

    Pros

    emphasis on creativity
    cannot get bored
    very challenging
    exposure to senior management
    fantastic growth opportunities

    Cons

    work politics
    no work life balance
    low salary

    Advice to ManagementAdvice

    focus on quality of work and meritocracy and reduce politics

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Good culture everyone striving to reach their goals

    • 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

    Pros

    Stimulating and goal oriented environment. Great Co workers and focused energy in a team environment.
    My group work 45 to 50 he weeks. All weekends off

    Cons

    Pay in salt lake is sub par.
    Pay per hrs can make you reconsider
    Must stay in ops forever to make any kind of money

    Recommends
    Positive Outlook

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