Goldman Sachs

www.goldmansachs.com

Goldman Sachs Reviews in Utah

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

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  1. 1 person found this helpful  

    Can learn a lot about finance domain

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

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

    Pros

    Unlimited Sick Leaves.
    Good Bonuses sometimes.
    A lot of cultural activities.
    Good Medicare and health benefits
    Matching Employer 401K

    Cons

    Need to work on weekends.
    If you work on something critical need to be available when you are taking time-off from work

    Advice to ManagementAdvice

    Should Shuffle Managers between teams.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    Good internship opportunity - smart colleagues

    • 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

    Good pay and opportunity to do meaningful projects.

    Cons

    Political culture and lack of work/life balance.

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 4 people found this helpful  

    Say Goodbye to Your Personal Life

    • 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

    Working with the absolute best and brightest. Goldman is known to recruit top talent and it shows.
    Lots of training provided. Asking questions is encouraged. Great benefits (401k matching, great health care/dental/vision), short commute times if you manage to avoid SLC rush hour traffic/ winter storms

    Cons

    As with most reviews, work life balance is abysmal, especially if you want to move up. Once you're given a blackberry, there is no excuse for not being available or responding to emails while you're not in the office. The monetary rewards can be amazing, but were not worth giving up my personal life and personal time, in my own opinion.

    Ideas for change are welcomed, but a very corporate culture can make it difficult to get things accomplished and changed. Managers can be very forgetful and have to be reminded of things everything. When they forget something, they blame you for not remembering for them. Credit to the individual is thrown out the window as everything is focused on how the team does, however coworkers will take credit for your work with your direct manager if you don't raise your hand say you did X task.

    Analyst pay is very low which quickly hurts morale. Compensation has taken a hit in the recent years, although the executives in New York have gotten compensation increases.

    Operations is heavily dependent on I.T., however the communication is very difficult and I.T. is so backed up, it can take months before they get to a request of yours.

    Perks have been reduced to the point where "Jeans Day" is the highlight of the quarter. The office is not client facing therefore business casual clothes is not always required. Let all Fridays be jeans day. Christmas, Halloween, etc, have all been cancelled at the office. Anyone who decorates their area that is festive with the season will get a stern talking to by the closest Managing Director. Its like they suck the little bit of fun you would think you're allowed to have out of the work place.

    One can take sick days as needed, however if you miss more than 1 day and you're not dying or in the hospital, your work starts to get distributed to other team members. This creates a stigma that you're not that sick and can still work from home. So although you're able to take sick days, it's looked down upon when you take more than 1 at a time for something that does not require hospitalization.

    Advice to ManagementAdvice

    Don't be so skeletal with your staff to "bring out the best in them". Add in some headcount and allow people to take more time off, work normal days, and have a life that doesn't have Goldman Sachs stamped all over it.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Good benefits

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

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

    Pros

    Great health care
    Smart coworkers
    Positive training programs

    Cons

    I worked in tech and it was surprising how buggy their software was
    Many manual processes and high error rates
    Poor work life balance, more of a life style/sweatshop
    Highly political

    Advice to ManagementAdvice

    Add some toilets. Nothing like a pile of work to do and having to wait 30 minutes in line because there are only 3 toilets for the 200+ people on the floor.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Phenomenal. For some one just out of college, you cannot ask for a better introduction to corporate America.

    • 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 full-time (more than a year)

    Pros

    You are always working with the smartest people in the industry, whether it's your peers or your seniors.
    The competition pushes everyone to always be on their toes and do the best they can.
    The network you make here is unparalleled. Capitalise it.
    You end up mastering your product, because there is no other way to survive it. The yearly review also ensures unbiased performance evaluation.

    Cons

    They lack diversity, though they try really hard to make up for it.
    May not be the best place for someone who is an introvert or shy.
    Work hours are insane, but most times if you have a good team, it doesn't seem half as bad.

    Advice to ManagementAdvice

    Be more in tuned with your subordinates needs, especially those that are not American but work in the America offices.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Good and Bad times

    • 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 3 years)

    Pros

    Great benefits (excluding pay) including a lot of vacation days. Company promotes cultural diversity and is very much against any type of discrimination. Once management likes you there are lots of opportunities to learn new things and get your name out there. Work is challenging and fast paced in a good way. You will be tested in all aspects and if in the end GS in not a right fit for you this will be a great benefit elsewhere. There are a lot of smart people that know how to solve problems and work hard - many opportunities to learn from them.

    Cons

    Long hours are the norm. You're expected to give a little bit too much of yourself to the job. Peer reviews are a very large part of how employees are evaluated so that opens you up to backstabbing and co-workers writing bad reviews full of half-truths or even flat out lies. You hope management will see through that and not penalize you. Compensation in support roles/operations is not enough for the amount of work and effort put in.

    Advice to ManagementAdvice

    Try to make people feel more valued, maybe by giving a raise once in a while.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Vice President Operations

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

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

    Pros

    Lots of challenges, lots of opportunity, being very busy makes the 10-12 hour days go fast.

    Cons

    some managers do not know how to manage people, very obvious that it helps A LOT to be a hug for opportunities and promotions.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 6 people found this helpful  

    Great opportunities, but be prepared to sacrifice your life.

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

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

    Pros

    The company has a great reputation and gave me opportunities to meet people that I probably would not have otherwise. The training programs are pretty good as well.

    Cons

    I worked 80-90 hrs/week almost every week, which was okay because I loved what I did. But people at the top tended to not handle stress well and that trickled down. It seemed like respect only went one way, which I couldn't deal with. Additionally, a lot of people that work there think they are really smart or entitled, which is a joke. Lastly, there are tons of meetings that are really redundant but mandatory, which seemed like a waste of time given the amount of work that was usually yet to be done.

    Advice to ManagementAdvice

    "People are our greatest asset" shouldn't be your motto unless you are prepared to actually treat people with respect.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Learned a lot about the industry, but didn't gain a lot of real world experience.

    • 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 a year)

    Pros

    Great pay and work life balance in Salt Lake City

    Cons

    Too much fluctuation in management.

    Advice to ManagementAdvice

    Retention is key!

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Challenging but filled with opportunities

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

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

    Pros

    Good compensation, plenty of opportunity for strong performers

    Cons

    Very poor work life balance

    Advice to ManagementAdvice

    Need to be mor proactive when addressing resource constraints

    Recommends
    Positive Outlook
    Approves of CEO

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