Goldman Sachs Reviews | Glassdoor

Goldman Sachs 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 663 reviews)

  • Long hours, uncertainties about work schedule (in 770 reviews)

More Pros and Cons

  1. Helpful (1)

    "Fantastic job for beginning a career in finance"

    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
    Recommends
    Approves of CEO

    Pros

    Excellent place to work if you're willing to pay the price with your lifestyle and work extremely hard. Definitely a firm that will open doors to other careers in finance and many opportunities for internal advancement if you do a good job.

    Cons

    It's a very competitive firm and you work extremely, extremely hard and that may be a detractor for many people. Not a firm where you can just rest on your laurels. You will sweat every step of the way.

    Advice to Management

    Keep up the good work! But sometimes I did wonder if the firm is getting too big for its own good and the culture was being diluted somewhat.


  2. "great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    - working with the smartest and most driven people
    - entire organization works as a team
    - always striving for perfection

    Cons

    - some complacency creeping in because of market position
    - foster more individual creativity and thoughts
    - think about the long term business vs short term quarterly results

    Advice to Management

    Continue to strive for excellence and not allow complacency to set in, especially in the "middle" levels of the organization, especially the VPs. Senior management is always hungry and creative, incoming hires are generally brilliant and aggressive. Need to fix the missing link.


  3. "great place to work, grow"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    great emphasis on teamwork and leadership, just as advertised/talked about, great environment ie no cutthroat behavior as heard of at other firms

    Cons

    bad working conditions re hours, lifestyle but nothing that is unheard of at any other finance firm as well - prestige and exit opportunities more than compensate for this necesary evil

    Advice to Management

    involve junior staff in execution more - delegation would probably make the leadership model more cohesive - otherwise, much better rapport between srs and jrs than at other firms


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  5. "Excellent place to work"

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

    Pros

    Extremely team-oriented culture. Lots of emphasis on career development. Very helpful 360-degree review system. Excellent opportunities for internal mobility. Compensation generally higher than other BB firms.

    Cons

    Expect to learn a great deal of information/skills in a limited time. As long as you show a hunger for learning and a commitment to going beyond the standard expectations of the position, colleagues will readily help you.

    Advice to Management

    Switch to a bi-yearly review system, to provide a continuing source of formal feedback, and to better manage expectations with regards to compensation.


  6. "$80,000 Base"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Technical Specialist in Jersey City, NJ
    Former Employee - Operations Technical Specialist in Jersey City, NJ
    Recommends
    Approves of CEO

    Pros

    Incredible talent and senior management staff. High visibility and exposure to senior management including daily involvement on high-risk issues and both tactical and strategic initiatives. Communication, escalation of risks and issues, and follow-up/turnaround time are themes that are practiced and executed on a daily and consistent basis.

    Cons

    Requires more work and effort to standout out amongst peers and provide a better business case for raises and promotions; perhaps due to team-based collaboration and credit given on a group level rather than an individual level.

    Advice to Management

    Include team in more initiatives and thoughts/ideas outside of the immediate group with the possibility of collaborating and engaging other teams in an Operations-wide communciation or initiative of some sort.


  7. "Good place to work, depending on your lifestyle needs."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance Analyst
    Current Employee - Finance Analyst
    Doesn't Recommend
    Approves of CEO

    Pros

    Good benefits, vacation days.
    Emphasis on business principles, work ethics, diversity etc..

    Cons

    Long hours. For certain people, salary may not compensate you enough for time lost with friends, family.
    Promotion process is not straightforward and decision may involve people who never worked with you.
    Most of Finance has moved to Jersey City.
    Lost many talented people during the year due to the lack of compensation (which is understandable), understaffing (much more work for those who remained).

    Advice to Management

    Great management team.


  8. "very good"

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

    Pros

    good pay
    good bonus
    good learning experience

    Cons

    long work hours
    politics oriented promotion
    need to be good in personal skills

    Advice to Management

    try to be nice to the people at the bottom of the totem pole


  9. "A great place to work"

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

    Pros

    Very smart, hard-working, driven people. You can learn a lot by watching what makes others successful. The name carries with you wherever you go. During good economic climates end-of-year bonuses are a welcome reward for all the extra hours put in throughout the year. Goldman also takes diversity very seriously and is quite pro-active in ensuring that the workplace is one in which everyone feels comfortable and has the ability to advance. The firm also has an excellent Community Service initiative which requires employees to spend one serving the community in some way.

    Cons

    We work a lot of hours. Depending on your exact position it may not be as bad or it could be worse, but generally speaking GS people work a lot.

    Advice to Management

    Keep up the good work


  10. Helpful (1)

    "Very Competitive Environment - 24/7"

    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
    No opinion of CEO

    Pros

    Long-term employees have the opportunity to earn much larger salaries than at other companies.
    Intellectually satisfying work at the industry leader. There are many opportunities to get great career-bosting experience by raising your hand for projects.

    Cons

    Most people put in long hours; there is pressure to be "on" 24/7 to colleagues in Europe and Asia as well as in the US. The environment, while team-based, is always competitive. Not everyone is a good fit in that atmosphere.

    Advice to Management

    Goldman is a very successful firm; management is very smart.


  11. Helpful (1)

    "Operations = Back Office"

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

    Pros

    Don't be fooled when they tell you operations is not a back office/call center. The pay is okay and the vacation is great. The only good thing I can really say is the vacation and health benefits.

    Cons

    highly stressful, LOW pay, bad managers that are old and don't really listen to what you have to say. Highly political and is almost a dead end job especially if you live in Salt Lake. If you average the amount of hours you work by your salary you are making about the same as someone in a department store. What can you expect they hire people with different "degrees" music majors, science, engineers....usually people with absolutely no finance background.

    Advice to Management

    The compensation needs to be fairly distributed across all divisions if you want to keep talent. at this rate you will drive the company to the ground