Goldman Sachs - You are in control of your career | Glassdoor
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Helpful (2)

"You are in control of your career"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Analyst/Developer in New York, NY
Current Employee - Analyst/Developer in New York, NY
Recommends
Approves of CEO

Pros

You are in control of your career - I think the phrase above comes from some HR brochure, but it's largely true at Goldman. Your promotions (and to a large extent your compensation) are based almost entirely on your performance, not some set schedule or years of experience. Those who have excellent performance are promoted rapidly and their compensation increases far beyond what an average salary might be in the this field. Those whose performance is poor or average are asked to leave the firm, so you are always left working with only the best people.

The technology organization is surprisingly agile and people can quickly move between projects as business priorities change. There is very little tolerance for wasteful work or projects that do not serve a clear business purpose. There are 3 general job roles people can perform in technology at GS based on their skills and interests, with a focus on business analysis at one and of the spectrum and focus on tech infrastructure at the other end. Putting people in these roles creates people who are highly skilled experts in a specific area and reduces the number of inefficient "jacks of all trades".

Cons

There are some day-to-day politics which reduce the efficiency of the organization, but to a much smaller extent than at other firms. Some people don't like the amount of work or the long hours, but I feel they might just be working for the wrong firm.

Advice to Management

Work-life balance is overrated. Let people who want to work long hours work long hours. Let people who want to leave early leave early. We do it because we enjoy the work, and working harder and longer translates into better service for our clients and the firm. And there is nothing wrong with rewarding people who work harder vs. those who do not.

Other Employee Reviews for Goldman Sachs

  1. "Great place to start your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst in Salt Lake City, UT
    Former Employee - Senior Analyst in Salt Lake City, UT
    Recommends
    Approves of CEO

    Pros

    Hard to find a better employer in SLC, UT. Great culture, exceptional benefits, excellent reputation.

    Cons

    Work in SLC is sometimes more operational/procedural, definitely not a terribly interesting longer term proposition.

    Advice to Management

    NA


  2. "Great Place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Technology in Jersey City, NJ
    Current Employee - Vice President Technology in Jersey City, NJ
    Recommends
    Approves of CEO

    Pros

    Only the best of the best survive, you will always need to be at the top of your game if you want to advance. Your destiny is in your own hands, no one will silence a top player, set goals and acheive, no room for "fakers". It like having a pro football carreer, you need to be in top shape physically and metally.

    Cons

    Life work balance is what you make it, however you need to be careful not to cross the line and appear to be taking advantage. If so, it will be noticed and you wont be in the right place at the right time. Very competative, can be a pro or con, depending on your drive.

    Advice to Management

    Keep up the great work, you have a good thing here, just remember to look at all levels, there are some shining stars in the ranks, mentor, polish them and they will help you suceed.

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

See Most Recent

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