Goldman Sachs Reviews in London, England | Glassdoor

Goldman Sachs London Reviews

Updated June 22, 2017
10 reviews

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London, England (UK)

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  1. Helpful (1)

    "All Negatives you heard are true. All positives you heard are just a small part of the really big political picture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Goldman Sachs full-time (More than 3 years)

    Pros

    Smart people with good knowledge in Finance and some knowledge in technology

    Cons

    Old technology and apps two decade behind silicon valley in several divisions

    Rough environment where people can shout based on seniority and vice versa is not possible when seniors making mistake

    Young people have miserable life these days and several are being asked to let go if management think stopping their work won't affect business directly irrespective all hard work

    Advice to Management

    Please don't lie to employees


  2. Helpful (3)

    "Equity Research"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Goldman Sachs full-time

    Pros

    I thought it is the best bank in the world

    Cons

    you are treated like a slave, assistant and someone who has no voice.

    Advice to Management

    treat junior analyst like humans

  3. Helpful (3)

    "Think long and hard before taking a job here!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Disapproves of CEO

    I worked at Goldman Sachs (More than 5 years)

    Pros

    Quick promotion possible relative to other banks if you butter the right people up and don't go against the status quo

    Cons

    Long hours and no encouragement from senior management to have any reasonable work/life balance. Depending on your year of joining the firm you could do very poorly in terms of compensation, particularly per hour. Internal mobility was very difficult and not supported by management.


  4. Helpful (5)

    "Has its best days behind it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook

    I worked at Goldman Sachs full-time (More than 3 years)

    Pros

    - Lots of learning resources for soft and hard skills
    - Remainder of the partnership culture
    - 4 weeks paternity leave

    Cons

    - Shrinking tech division, in wind-down status for a few years and not stable yet

    - Big gap between ambitious claim of "being a tech company" and keeping tech as underresourced, badly managed underdog.

    - The same dysfunctional review system of security division for technologists, without its objective measures of profit, gives completely free hand to the managers for their subjective marking of people, nepotism, and marginalising rebels (who are sometimes rightful in the rebellion against risky, wasteful and showy decision). No reflection of the main tech initiatives with objective measures (e.g. test maturity, code quality, reducing technical debt) in the reviews.

    - as a result of latter case, a brain drain happened in front-office tech. If you are a technical person avoid that part of GS tech at all cost

    Advice to Management

    Big bang of 2 years ago was your last chance you had to avoid the fate of being disrupted by fintech sector, and you missed it.
    Therefore no advice for management apart from sit back and watch GS winds down and becomes an insignificant legacy corporation - and apparently this is done without need of much advice.


  5. Helpful (1)

    "Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Goldman Sachs full-time

    Pros

    Goldman's name on the CV
    Good pay

    Cons

    Awful team spirit
    If not in a front office role, you are treated very poorly
    Highly pressured and as a result there is little time to socialise outside of work


  6. "Autism Work Placement Programme"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Collateral Valuations Analyst in London, England (UK)
    Former Intern - Collateral Valuations Analyst in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Convenient central London location, next to hidden gem of New Street Square

    Cons

    I was put in a team which had only been formed the previous year, with a manager who was too busy to schedule regular meetings with me (in blatant disregard of the recommendations of the firm's occupational health adviser). The "work" I did consisted of tweaking a spreadsheet for a few hours each day. I tried to look for work elsewhere for after the placement, but I was held back by being unable to explain exactly what I was doing at Goldman Sachs as I didn't know myself! Considering that the AWPP scheme has been in existence for 10 years now, I expected better. More fool me, you may say.

    Advice to Management

    Please consider whether your team is suitable for an autistic candidate - remember most like some degree of structure. Having said that, don't assume that all autistic people are the same in so far as being averse to change.


  7. Helpful (6)

    "Thinking a move from your Middle Office to the Trading Desk is easy? Think again."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in London, England (UK)
    Current Employee - Operations Analyst in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Global exposure, different markets, clients, and people.
    Very intelligent Front Office employees who are very open and great to work with.
    Looks amazing on your CV and great to bring up at dinner parties...

    Cons

    Office politics and a very top-heavy structure.
    People are rewarded based on how much they are liked rather than how intelligent they are.
    Moving out of Operations is a strict no-go (even CFA participation raises eyebrows).
    Underpaid, overworked relative to the overall industry.
    Key dependency on offshore office which destroys client service.

  8. Helpful (2)

    "Disaster"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Wealth Management Professional in London, England (UK)
    Former Contractor - Wealth Management Professional in London, England (UK)
    Doesn't Recommend

    I worked at Goldman Sachs as a contractor (More than a year)

    Pros

    - good name on CV, high profile company
    - lots of learning experience, work with SOME smart people not everyone is smart

    Cons

    - too political
    - say you will be promoted and nothing happens
    - people take too much recognition for other peoples work

    Advice to Management

    don't work people so that they burn out
    don't promote people that don't deserve it, promote the people that do all the hard work


  9. Helpful (8)

    "Cutthroat and not particularly impressive"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Derivatives in London, England (UK)
    Current Employee - Derivatives in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Good exposure to deals and flow.

    Cons

    Abusive unprofessional managers. Constant pointless turnover. Stress over being laid off. Long hours and subpar pay unless you are at a very senior level. Rather than pay you, they will remind you how lucky you are to be part of the Goldman dream team.

    Advice to Management

    GS doesn't actually practice anything they preach e.g. excellence, team player, long term greedy etc. The senior guys on my options desk couldn't even identify black-scholes, and yet I saw them callously ruin countless people's careers. Treating young people in a shabby way will come back to haunt you. In my current job, I have steered trading away from GS which has cost them many many many millions. Was that worth an associate's salary? Is that long-term greedy?


  10. Helpful (10)

    "Worst Work-Life Balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in London, England (UK)
    Former Employee - Investment Banking Associate in London, England (UK)

    I worked at Goldman Sachs full-time (More than 3 years)

    Pros

    - Excellent Brand
    - Good Pay
    - Excellent and brilliant people

    Cons

    - Too much politics
    - Very unpleasant hours (90-120 each week)
    - Good performance of juniors not rewarded and recognized
    - No guidance of the client - the client gets everything, no matter how useless (e.g. translation work)
    - The bigger the client, the larger the deal, the more weekends you spend in office
    - Consider that your life is sold to the bank for the time of your employment
    - No loyalty to employees - the higher you are up the easier you are out

    Advice to Management

    - Pay a little less and hire more people
    - Bear in mind that comments for a pitch at 2:00 a.m. before the presentation are not fun at all - don't do so constantly


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