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Goldman Sachs 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. "Intense but amazing learning experience"

    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
    Recommends
    No opinion of CEO

    Pros

    -Smart colleagues
    -High caliber of work expected

    Cons

    -Sometime too competitive rather than collaborative.

    Advice to Management

    Make the environment more team-oriented and don't just pay lip service to the collaborative atmosphere.


  2. "Great teamwork environment"

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

    Pros

    - great teamwork -- no us and them
    - great culture
    - great opportunities to take significant levels of responsibility
    - control over your own career

    Cons

    - long hours, though flexible
    - complexity of organisation means that decision making can take longer than people often expect
    - "getting" the culture is necessary for success

    Advice to Management

    - continue to communicate, communicate communicate , and over-communicate
    - otherwise great job in steering the ship through very difficult times


  3. "Great place to work"

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

    Pros

    Open environement, few boundaries between management layers

    Cons

    High expectations, can lead to long hours

    Advice to Management

    Incease transparency on vision


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  5. "Hard working culture but less team building and morale building activities"

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

    Pros

    Objective evaluation of individual efforts . . .
    Hard working and smart people around you . . .
    Good pay and benefits

    Cons

    People are less important in most teams than the goals which is not sustainable in long term ... . . .

    Advice to Management

    Pay more attention to building people relations . . . . . . . . . . . . . . . . . .


  6. Helpful (2)

    "You are in control of your career"

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

    Pros

    You are in control of your career - I think the phrase above comes from some HR brochure, but it's largely true at Goldman. Your promotions (and to a large extent your compensation) are based almost entirely on your performance, not some set schedule or years of experience. Those who have excellent performance are promoted rapidly and their compensation increases far beyond what an average salary might be in the this field. Those whose performance is poor or average are asked to leave the firm, so you are always left working with only the best people.

    The technology organization is surprisingly agile and people can quickly move between projects as business priorities change. There is very little tolerance for wasteful work or projects that do not serve a clear business purpose. There are 3 general job roles people can perform in technology at GS based on their skills and interests, with a focus on business analysis at one and of the spectrum and focus on tech infrastructure at the other end. Putting people in these roles creates people who are highly skilled experts in a specific area and reduces the number of inefficient "jacks of all trades".

    Cons

    There are some day-to-day politics which reduce the efficiency of the organization, but to a much smaller extent than at other firms. Some people don't like the amount of work or the long hours, but I feel they might just be working for the wrong firm.

    Advice to Management

    Work-life balance is overrated. Let people who want to work long hours work long hours. Let people who want to leave early leave early. We do it because we enjoy the work, and working harder and longer translates into better service for our clients and the firm. And there is nothing wrong with rewarding people who work harder vs. those who do not.


  7. "Great place to start your career"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst in Salt Lake City, UT
    Former Employee - Senior Analyst in Salt Lake City, UT
    Recommends
    Approves of CEO

    Pros

    Hard to find a better employer in SLC, UT. Great culture, exceptional benefits, excellent reputation.

    Cons

    Work in SLC is sometimes more operational/procedural, definitely not a terribly interesting longer term proposition.

    Advice to Management

    NA


  8. "Great Place to work"

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

    Pros

    Only the best of the best survive, you will always need to be at the top of your game if you want to advance. Your destiny is in your own hands, no one will silence a top player, set goals and acheive, no room for "fakers". It like having a pro football carreer, you need to be in top shape physically and metally.

    Cons

    Life work balance is what you make it, however you need to be careful not to cross the line and appear to be taking advantage. If so, it will be noticed and you wont be in the right place at the right time. Very competative, can be a pro or con, depending on your drive.

    Advice to Management

    Keep up the great work, you have a good thing here, just remember to look at all levels, there are some shining stars in the ranks, mentor, polish them and they will help you suceed.


  9. Helpful (1)

    "Greatest place I've ever worked"

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

    Pros

    Even though I was laid off, I will always be grateful for the experience of working at Goldman. I was afforded the opportunity to interact with some of the most intelligent yet down to earth people. The oportunities for learning and being exposed to different layers of management was always a plus. Intentional effort was placed on making sure that mentoring was in place. The name recognition is worth its weight in gold. Because Goldman is known for employing the best talent, being accepted as an authority in your respective field of expertise is almost a given. Wouldn't trade the experience for anything.

    Cons

    Unless you were willing to relocate, there were not enough advancement opportunities. A more streamlined approach to cultural integration is needed.

    Advice to Management

    Stay the course. Its not easy being at the top; of course you know this already. Those who didn't make the same choices you did, can't be angry that you now reap the benefits of making more sound education, social and career choices. Why should a company make billions of dollars and not compensate management compensurate with earnings. You treat your employees fairly and that is what your responsibility is; not to right the woes of the nation's economy.


  10. Helpful (1)

    "Great place for a workaholic"

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

    Pros

    Stellar people. Smart, passionate and at times fun. Absolutely everyone is driven to succeed and this creates a challenging but also rewarding atmosphere

    Cons

    If you can't endure very very long hours and extremely aggressive schedules, consider looking elsewhere. Difficult to establish genuine friendships.

    Advice to Management

    Work/Life balance is talked about but certainly not a priority for the leadership of the firm. In technology space there is plenty of room to grow and experiment.


  11. "Great Internship"

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

    Pros

    access to senior management, tons of mentorship and support

    Cons

    Lack of structure, long hours and challanging but a lot to learn and do every day

    Advice to Management

    Keep up the good work