Goldman Sachs - Huge pay gap, losing on competition (a tech perspective) | Glassdoor
There are newer employer reviews for Goldman Sachs
There are newer employer reviews for Goldman Sachs

See Most Recent

Helpful (4)

"Huge pay gap, losing on competition (a tech perspective)"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Vice President in New York, NY
Current Employee - Vice President in New York, NY
Doesn't Recommend
Neutral Outlook
Approves of CEO

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

Pros

* working with smart people
* interesting finance projects like pricing or PNL (at least from a front office tech perspective who likes finance)
* good hours (depending on which group you are I suppose)
* same kind of pay in technology organization (regardless back office, front office) (not sure if this is actually a good thing)

Cons

* huge pay gap between tech vs. sales trading strats even though tech and strats jobs are blurring
* very low salary if you are a new tech analyst coming onboard (it used to be OK, but now since Google and other startup in NYC are getting bigger, IBs tech salary are not keeping up)
* lots of talent exodus recently

Advice to Management

GS always preach that the firm is essentially a software technology company because tech headcount is the biggest right now. But obviously this is only a recruiting slogan.
* need to make tech pay more competitive starting from new hires to mid-career
* need to have a better career mobility, especially across division / business unit
* need to be more aggressive in differentiating top performers / sleepy backwater

Other Employee Reviews for Goldman Sachs

  1. Helpful (1)

    "analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in San Francisco, CA
    Former Employee - Analyst in San Francisco, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    smart people, collegial atmosphere. good place to get broad-based financial training out of school - provides a good platform for both internal advancement as well as careers outside the firm

    Cons

    very little time for anything outside of work, but to be expected

    Advice to Management

    na


  2. Helpful (1)

    "Great exposure. Long hours. Politics Abound."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Analyst in New York, NY
    Former Intern - Summer Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Was the top shop. Exposure to the largest deals and great clients. Great experience for an intern.

    Cons

    Reputation starting to muddy. Exodus of top talent from the firm seems likely.

    Advice to Management

    Give up on the PR push.


There are newer employer reviews for Goldman Sachs
There are newer employer reviews for Goldman Sachs

See Most Recent

Work at Goldman Sachs? Share Your Experiences

Goldman Sachs
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or