Goldman Sachs Reviews | Glassdoor

Goldman Sachs Reviews

72 reviews

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Pros
  • Lots of smart people, good preparation for any next job (in 385 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 666 reviews)

  • Long hours, uncertainties about work schedule (in 771 reviews)

More Pros and Cons

  1. "Great experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Recommends
    No opinion of CEO

    Pros

    Wide range of experience, compensation.

    Cons

    Hours, lack of free time, inability to have a life outside of work.

    Advice to Management

    If there is higher than normal turnover in a group, check out why and correct it.


  2. Helpful (5)

    "It is a privilege to work at Goldman. Love or hate it."

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

    Pros

    I honestly think that people should pay to work at Goldman as an intern.
    I would If I was able to. The amount of knowledge that flows through those offices is comparable to nothing else I have seen. Sharp people, with sharp pay, constantly coming up with way of improving efficiency and ways to make money.
    The pay is great, they recognize people right away for their talents and immediately put them to work in what they do best. They are constantly offering training to their employees in almost about any topic you may choose. Even as a temp you are offered great opportunities. I was offered an Analyst job after a year of working in administrative jobs regardless of the fact that I did not have a Yale or Harvard degree, which by the way is the only thing they hire. It was an honor for me to be offered such an opportunity after seeing recently graduated aplicants (from those universities) go through a process of 20 interviews and still not get hired for one reason or other.
    Working at Goldman gives you an incredible understanding of economic and political issues and I could almost say that it changes forever the way you look at the world.

    Cons

    They are not flexible at all when it comes to family and work balance. they demand 90% of your time and soul.
    It is very difficult to adapt to any other working environment after working at Goldman, that may be why so many people leave Goldman only to create their own business.
    They are not very tolerant of mistakes, it is a high stress environment, depending on the position. Senior managers can be a little crazy at times and treat employees very disrespectfully, but only if they make a few hundred million dollars for the firm...

    Advice to Management

    Keep doing whatever you are doing.


  3. "Good company"

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

    Pros

    Very well known bank in the U.S.
    Emphasis in team work

    Cons

    Having to wear business casual everyday

    Advice to Management

    Allow more merit based career advancement without having to work for GS for certain number of years


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  5. "Goldman is #1 for a reason"

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

    Pros

    Diverse firm, with lots of opportunities available to you. Overall high level of competency, as compared to competitors, from entry level to upper management. Extremely devoted and loyal staff, who are truly interested in helping the firm as a whole, and in working together efficiently and effectively.

    Cons

    It can be difficult to move around cross-divisionally, depending on where you are coming from. They have a formal internal mobility process established, but largely due to the caliber of people they have, and the caliber of people they attract, it can take very long to more yourself to a position you want to be in, if it happens at all.

    Advice to Management

    Be more in tune to the long-term goals of your employees


  6. "If you are in it for the money, great place. Otherwise ....."

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

    Pros

    In the IT world, there is a great team spirit, when it comes to people working on the same level. Many people are willing to help out - but then again, I think that is IT community and not just in Goldman. There are many resources to go to for help and many chances to do what you like, if you're willing to work for it. Most people I have worked with in IT are very open and willing to help. Also, let's be honest, Goldman does have a reputation of the bonuses and, compared to other places, it delivers upon those rumors.

    Cons

    There is very little encouragement for balancing work with everything else - it is assumed that people have to work a lot. There is a great deal of politics, if you cannot or do not want to play by that, you will not get far, nor will you want to. There is always much to do and no time to do it, and obviously, everything is top priority. Multi-tasking often translates into "multi-head-ache-causing" tasking

    Advice to Management

    Come on, people are not working machines! So do not act surprised when people leave and pretend you do not why.


  7. "Goldman Sachs is still the best place to work on Wall Street"

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

    Pros

    Culture, leadership, opportunity and execution.

    Cons

    Work / life balance and sometimes feedback system could be stronger.

    Advice to Management

    Continue to be vigilent of risks.


  8. "GS - great company with talented but competitive workforce"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Jersey City, NJ
    Current Employee - Business Analyst in Jersey City, NJ
    Recommends
    Approves of CEO

    Pros

    great reputation as company, very talented workforce.
    new building in jersey city has great facilities - gym, cafeteria, health center, parking, etc and very bright and open space.
    management is supportive of internal transfers and career advancement

    Cons

    lots of vey talented people create a very competitive work environment
    while management is supportive of divisional transfer (in theory) the actual movement process can be difficult and stressful from a relationship management view.

    Advice to Management

    great communication to employees when markets are in hard times or when market conditions are very different from the norm. not so much communication of firm strategy/perspective when markets are doing well or the "usual" times


  9. "Great company to work for !"

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

    Pros

    Great culture , emphasis on team-work. You are recognised for your efforts and are given opportunities for internal mobility

    Cons

    1. Migrations of old systems to new technologies and strategic business flows a long and painful process.
    2. Work from home option is not easy to obtain.
    3. Work hours can get crazy.

    Advice to Management

    Please make a policy on working from home. With gas prices increasing and long distances to commute, it becomes painful to commute to work everyday. There should be some room for telecommuting.


  10. Helpful (4)

    "#1 in Investment Banking."

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

    Pros

    To the outsider, the most attractive thing about Goldman may be the reputation of the firm and the doors it opens. Once you're in, you will discover that there is much more to the firm than that. You will have the opportunity to work on deals and with clients that other firms can only dream about. The place is a meritocracy in its purest sense - salaries, bonuses and promotions are 100% performance based, even for interns. If you are good, you will get ahead, regardless of how old you are and who you are jumping over to do so. The only downer is the difficulty in moving between divisions, especially to highly sought-after ones like sales and trading. Making the jump is very difficult even for qualified internal candidates who have demonstrated high performance. Ivy-league names matter more than actual accomplishments or capability at the entry level, and for experiences hires, past success as a salesman/trader is all that counts. This explains the fact that most traders are lateral hires. Finally, if you are in the Investment Banking division, work-life balance is a myth.

    Cons

    Moving between divisions is very difficult, even for qualified candidates. See above for details.

    Advice to Management

    Keep up the good work. To middle managers, stop promoting internal mobility unless you intend to make it happen.


  11. "Great company, bad IT"

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

    Pros

    The pay is little more compared to the other wall street firms. The culture is also very good in the sense that you really feel like you are part of the Goldman Sachs family. Everyone has an open door policy so someone is always availalable to answer any questions that you have. Management does a decent job of promoting work/life balance. The people are really nice and very intelligent. Senior management is also very good at communicating to employees on a timely basis. Lloyd is a great leader and communicator and hearing him makes you feel good even in bad situations.

    Cons

    The IT side of things is horrible. Most systems are pretty ancient and everybody has the 'let's just get it out there quickly no matter how good the quality is' attitude which is really sad. Everyone is in more favor of just patching things up with old systems rather than getting new technologies and systems. Projects never get completed to its fullest and it seems like you are always scrambling to finish up things. The business folks have too much power in determining how technology should work and it seems like decisions are made by very frew individuals rather than by groups of individuals or teams.

    Advice to Management

    Be more involved with what is happening.