Goldman Sachs Reviews | Glassdoor

Goldman Sachs Reviews

Updated March 29, 2017
3,503 reviews

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Full-time Part-time

3.8
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3,503 Employee Reviews

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Pros
  • Lots of smart people, good preparation for any next job (in 394 reviews)

  • You get to learn a lot about financial markets (in 86 reviews)

Cons
  • Long hours that make difficult to find work/life balance (in 680 reviews)

  • Long hours, uncertainties about work schedule (in 786 reviews)

More Pros and Cons

  1. Helpful (2)

    "Most of what you hear is true - both good and bad..."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    To build your resume with the experience at working at a/the top firm. Some of the people are great, and all are talented and motivated. It's also a good place to learn the business and how to manuever through the corporate world - no place will be tougher or more ruthless.

    Cons

    See the "best reasons to work for Goldman Sachs."

    Advice to Management

    Care more about your employees in a true sense and not just by talking about it. Most importantly, take responsibility for your direct subordinates and spread the financial rewards around more - partners and those at the top take way too much of the compensation pie.


  2. Helpful (2)

    "Solid company. One person made my job miserable."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Analyst in Boston, MA
    Current Employee - Client Analyst in Boston, MA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Great benefits, surrounded by intelligent people. The name Goldman is clearly reputable. The company has it's standards and systems in place, so that it could pretty much run by itself. The people who succeed are the ones who will do whatever it takes to make their clients happy. If you like giving more than you recieve, than this is the place to work. The helpdesk is run out of India...always a pleasure trying to understand what they are trying to help you with. The pay is mediocre in comparison to other finacial firms, but whatever, you are working for Goldman.

    Cons

    The internal competition is depressing. Most of the people are there for themselves and are willing to do pretty much anything to look out for their own best interests. The company works in "teams" to create revenue, but there is no sense that anyone is there to be a part of a "team" unless they are grossly profitting from their extremely weathly clients. When times are good, everyone is happy, when markets are bad and clients are losing money, people get cut. Management is what you would expect from a cut-throat investment firm, concerned mostly with the bottom line. They are not concerned with interests of their employees and would side with an angry client before sticking up for someone who has worked for them for years.

    Advice to Management

    Do more to help people succeed, rather than making work harder by limiting resources.


  3. Helpful (1)

    "Not a great place to work."

    Star Star Star Star Star
    • 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

    Pros

    The salary was definitely good and in general they are really sophisticated in their approach to work and methodology.

    Cons

    everyday you pray to god that you are not the one who is getting fired. People are ultra competitive and managers only care about their own job security.

    Advice to Management

    you have to treat your employees with fairness and dignity.


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  5. Helpful (1)

    "Review of Prime Brokerage Trade Support Team."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Prime Brokerage Trade Support in New York, NY
    Current Employee - Prime Brokerage Trade Support in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good name on the resume.
    Job security. Unless you screw up really bad you won't get let go.
    Good work experience if coming out of college.

    Cons

    Promotions are not given fairly.
    Managers will promise good reviews and not give them for job references.
    No career potential.

    Advice to Management

    N/A


  6. Helpful (2)

    "After going "above-and-beyond" for a year, I'm thanked with no raise (for the second straight year) and a lousy bonus"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst III in Jersey City, NJ
    Current Employee - Analyst III in Jersey City, NJ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Everyone *thinks you'll get a huge bonus

    Cons

    The part about getting a huge bonus isn't true, you wont even get a decent bonus (or a raise for that matter) even if your performance was great.

    Advice to Management

    Communicate with employees and don't marginalize them.


  7. Helpful (1)

    "High pressure, low support"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wealth Management Professional in Philadelphia, PA
    Former Employee - Wealth Management Professional in Philadelphia, PA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Working for GS has perminently left a gold star on my resume. Having worked there opens many doors.

    Cons

    Very cut-throat environement. Very little support and help available when first starting out.

    Advice to Management

    try not to panic and lay everyone off when there is a market downturn.


  8. Helpful (33)

    "Terrible place to work for a software developer"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in Salt Lake City, UT
    Former Employee - Software Developer in Salt Lake City, UT
    Doesn't Recommend
    No opinion of CEO

    Pros

    - The benefits package is excellent. You can even get reimbursed for fitness expenses (gym membership, etc.) since they don't have a fitness center on site.
    - You get to work with some very smart, motivated people. In spite of what I say in the "cons" section, I liked most of the people I worked with.

    Cons

    - Everyone works overtime every week. See below for more details.
    - Goldman Sachs will own you. Whatever Goldman Sachs asks of you, it will never be too much. I find it interesting that no one complained out loud; taking abuse without complaint was part of the culture.
    - Technologies used are very old. Updating them won't happen anytime soon.
    - The firm has very little interest in increasing developers' technology/programming skills. You will sometimes feel more like a business analyst than a programmer.
    - Developers have to spend a ridiculous amount of time in meetings. Most of these you will call into, since most attendees will be in other locations. Much of the time you will have nothing to say and will learn nothing from the meetings.
    - Email volume is huge. I spent tons of time reading emails (not just automated alerts, etc. but actual emails written by humans).
    - Most development teams are split geographically, often with some team members in India. Projects are often divided among developers in India and the U.S., and it's easy to imagine how that would be counterproductive. You only get an hour or two of overlap first thing in the morning where you can discuss project issues with India. Sometimes those India team members call you when they arrive in the morning, India time, for updates - this means late at night calls for you.
    - Everyone is expected to be in the office by 7:00 am or 7:30 at the latest, and those arriving late are sometimes told off.
    - Just because you arrive at work early every day, don't expect to leave early. Quitting time is 4:30 or 5:00, and that's if you're not working late.
    - Every project, every email, every issue is SUPER urgent. This means developers are constantly being pressured to get software released, and routinely need to stay late in order to get things done. The quality of the software suffers as a result.
    - When there is a software release, a developer from each team (whether his team is releasing anything or not) has to stay in the office until the release is done and they can verify their teams' software is working correctly. This can be until after 9:00 pm. And don't think you can come in late that morning; you will probably still be expected to arrive at 7:00 am.
    - The global nature of the firm makes worldwide meetings a pain for Salt Lake folks. These meetings are sometimes scheduled at 6:00 or 6:30 am, and you will be required to attend.
    - Evening and weekend work is a regular thing for many teams. If you are asked to work on a holiday, it's likely you won't get a comp day to make up for it.
    - Frequent after-hours phone calls from Production Control for a variety of reasons (nearly always false alarms) - you get these calls regardless of whether you are actually on call.
    - Work is not very interesting. The way things work at Goldman, even very small software enhancements can require lots of coordination between many teams, and months' worth of work.
    - Most teams' software is mainly written in stored procedures, not Java or some other "real" programming language.
    - What Java code they do have is badly written. I think this is partly because the developers are used to writing stored procedures.
    - Everyone bows down and worships higher-level management when they come visit. I always found this funny. Once we were asked to clean up our desk areas in anticipation of somebody's visit.
    - Work environment is really bad. Lots of people crammed into very large rooms.
    - You can't check your personal email at work. This is due to SEC regulations, I believe, but it's a pain.
    - There is a lot of big talk about bonuses during the interview process, but for me and others I talked to, we were unimpressed by our bonuses.
    - Everything requires lots of approvals. Sometimes things get delayed because management didn't bother to approve.

    Advice to Management

    There has been some difficulty retaining people hired locally in Salt Lake City (as opposed to those who have transferred from NYC). I believe this is mostly due to a lack of work/life balance, which tends to be very important to most Utahns. The work/life balance isn't likely to improve anytime soon, so Goldman just needs to start hiring people that don't mind the long hours.


  9. Helpful (2)

    "Too hard work, stress and pain for too little money."

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

    Pros

    People around you are smart (BUT, it will not benefit you, rather the opposite)
    Offices are cool
    You can pick up hot girls by showing them your business card

    Cons

    You will be required to work very, very, very hard (even if it sounds fun, its not).
    They will never ask too much from you. Every request should be done on time, which sometimes require you to work insane hours, even if you are ultra smart and efficient.
    Your day life will be full of stress, your stomach will start to hurt and you will not be able to sleep well at nights waking up randomly screaming.

    Advice to Management

    Give some more ca$h to new recruits as those often have to work much harder for much less.
    In some regions outside US, its very difficult to recruit and the company should probably work a bit harder to maintain talented personel.


  10. Helpful (4)

    "Technology Analyst @ Goldman Sachs? - Very bad idea!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Competitive.
    Most of them are friendly.

    Cons

    Extremely pathetic Salary - when compared to Software companies. It's better to be a software engineer somewhere else with 1.5 times more salary than GS, than to rot here doing the same amount of work.
    Does not respect employees wishes.
    Very less opportunity for growth for technology analysts.

    Advice to Management

    Please be more considerate towards employees. Offering them good salaries is the first step towards making them a bit satisfied.


  11. Helpful (1)

    "too demanding"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Management Division Associate in Salt Lake City, UT
    Current Employee - Investment Management Division Associate in Salt Lake City, UT
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    any employment is a positive thing right now

    Cons

    long work hours rewarded more than efficiency.

    Advice to Management

    do not micromanage adults



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