Goldman Sachs Reviews in New York State | Glassdoor

Goldman Sachs New York State Reviews

Updated June 28, 2017
957 reviews

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New York State

3.9
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957 Employee Reviews

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Pros
Cons
  • continue to be mindful of work life balance (in 719 reviews)

  • Unnecessarily long hours based around team (in 833 reviews)

More Pros and Cons

  1. "Super Smart People"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

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

    Pros

    Challenging. Satisfying culture. Interesting projects

    Cons

    Grueling work. Hierarchical. Some bureaucracy


  2. Helpful (1)

    "Culture shift"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Goldman Sachs full-time (More than 8 years)

    Pros

    Top notch talent across all levels but the analyst classes began to weaken towards the end of my tenure. Working groups actually accomplished stated goals. Collaborative environment that encouraged everyone (even junior employees) to contribute to discussions and brain storming sessions. Much of the ego driven commentary is overblown but still creeps in from time to time. Management dedication to career development is unparalleled.

    Cons

    Comp has declined - middle managers (VP) get hit hardest in tough years. Cost cutting mindset has taken over where every expense is scrutinized. Shifting blame is the priority and you'll hear "not my problem" much more frequently than in years past.

    Advice to Management

    Hear the people!

  3. "PWM Summer Analyst"

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

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

    Pros

    People are friendly, passionate, and hard workers

    Cons

    Unnecessarily long hours based around team


  4. Helpful (2)

    "You will put in time, but it's worth it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Speaking from the perspective of an IB analyst, the quality and quantity of experience and knowledge you will gain is tremendous. You will have the opportunity to work on complex and landmark transactions that have significant and long-lasting impact for the clients. Exit opportunities are excellent.

    Cons

    Not an enviable work life balance. As an analyst or associate, working 80+ hours a week is fairly common and you will be expected to be on call and available almost all the time, including during the weekends.

    Advice to Management

    Continue working on initiatives to better work life balance for the junior bankers in order to retain talent and decrease burnout. The change has to come from the senior level and will be slow but must encompass an fundamental change in culture and perspective in the way that senior bankers treat the junior bankers.


  5. "Good Place to Work"

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Goldman Sachs full-time (More than 8 years)

    Pros

    Great people, good culture - very collaborative approach to working. People help each other towards a common goal

    Cons

    Can be very hide hound with limited opportunities for advancement. Compensation is typically below market too - because they are GS they can afford to pay less


  6. "Information Technology"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    No opinion of CEO

    I worked at Goldman Sachs full-time (More than 8 years)

    Pros

    Salaries, benefits, nice office.

    Cons

    long working hours. Poor management


  7. "Smart People"

    StarStarStarStarStar
    • 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
    Positive Outlook
    Approves of CEO

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

    Pros

    You get to work with some of the smartest people in the industry

    Cons

    Relatively long work hour days

  8. "Summer Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern in New York, NY
    Former Intern - Anonymous Intern in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Amazing culture. Great co-workers. Learning experience is exquisite. Opportunity for networking is also valuable. Overall a great place to start your career

    Cons

    Too long work hours. Expectations are very high and sometimes the pressure gets to you. Not everyone will be on the same page.

    Advice to Management

    Employ more people. the company needs it and it would also be a great way to take the load off the current employees.


  9. Helpful (5)

    "Horrible Work Life Balance with no proportional pay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Technology in New York, NY
    Former Employee - Vice President - Technology in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Culture of team work and collaboration
    Learning and career growth opportunities
    Recognized name in industry

    Cons

    Non existent work life balance. You are expected to work like a slave. Be prepared to say goodbye to family life, exercise routines and hobbies.
    Pay is not proportional to no of hours you put in. I worked for many years before joining Goldman Sachs. There are many companies who will pay you same or more amount of money for working significantly less no of hours a week on better tech/fin tech projects.
    Work pressure and deadlines are not really driven by business/clients. Most of the times unnecessary pressure is created by management. Mid and senior managers in some teams are not respectful and have little patience to listen to developers to understand why things take time to complete. I have seen managers insulting team members by shouting and creating a scene.
    Firm lays off certain bottom percentage of people every year. I have seen some really smart, hard working colleagues getting fired in those cycles. So good work does not guarantee you job security. High rate of attrition = even more lack of work life balance for existing employees.
    Lot of technology is really old and proprietary which gives you no experience in skills that you can use outside GS.

    Advice to Management

    95% people look depressed and stressed in office. Such pressure cooker environment with relentless pressure is hampering productivity, creativity and retention rate. Consider what can be changed to create enjoyable work atmosphere for talented people.


  10. Helpful (1)

    "Good Exposure and Smart Colleagues"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Really smart people you get to work with and great exposure to various parts of the business as well as exposure globally. There are a lot of cool things happening within the company (affinity networks, events, talks) as well. People are generally open and helpful!

    Cons

    A fair share of politics, depending on where you are, which can often pre-determine where you'll go within your specific organization; Transparency could always be better


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