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. Helpful (1)

    "a crushing work environment often dominated by arrogant and pushy co-workers who are very confident of their abilities"

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

    Pros

    Good learning experience. Fast-paced environment that challenges most.

    Cons

    Dealing with overly inflated egos and arrogant people. Excessive pressure to perform and work long hours, weekends and be accessible any time a manager needs you. Without regard for personal life, family life or other demands.

    Advice to Management

    improve work life balance. listen more.


  2. Helpful (1)

    "A great place to work."

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

    Pros

    You are looking for a fascinating and rewarding career in IT or finance. This is one of the best possible places to start your career or to continue a career. I have never worked with a group of people that so consistently blew me away with their attitudes towards teamwork, support and their sheer overall intelligence.

    Cons

    You are expected to truly give your all. Half efforts are not tolerated.

    Advice to Management

    Be open to different types of employees with varying backgrounds.


  3. "Great Internship experience, take at first offer."

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

    Pros

    Goldman Sachs is by far the most successful investment bank on wall street. While every other company was cutting back ranks and barely hiring, Goldman barely flitched. While this is not a record breaking year by any accounr, Goldman did set a record breaker in comparison to its competitors. Thus, if I could only give one reason to work here, it would be that you shouldn't have to worry about not having your job at the end of the day. Other good things is good pay, free food after 8pm and of course the free rides home after 8 (but then again, you have to stay after 8 pm to get the ladder two)

    Cons

    Being a summer analyst, one is able to notice a lot of things in the company. For one, I notice that depending on the group within technology, people work either straight from 9 to 5 or work ridiculously long hours. I also heard from people (just rumors of course) that Goldman technology has a lower starting salary than many other financial tech companies and has an especially low bonus in comparison (but again this is just rumor). I would also say, working in Jersey City is a small downside (to me at least) as one has to travel from Manhatten to get to work, though then again, at least everyone else is going the opposite direction.

    Advice to Management

    I would tell senior management (on the non-tech side) to realize the importance of technology in the workforce. GS is now basically a technology company,where the speed a trade occurs is the most important thing to a client rather than the small personal touch that GS provide with the traders.


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  5. Helpful (1)

    "great place to work...but beware of certain managers"

    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
    Approves of CEO

    Pros

    the people - employees. very helpful in the training

    Cons

    management wasn't always fair with work and raises. seemed to favor their 'friends' more than the way people worked

    Advice to Management

    look at how people work instead of who they are. they may be related to you in a way, whether it be family, or a friend of the family. that does not give you the right to promote them over someone who has been there for years and has done a great job on the job


  6. "A great place to learn the business"

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

    Pros

    Goldman has a very diverse workplace and nearly everyone who I have worked with has been fun, helpful, and supportive. You get a great starting salary, healthcare benefits and 1 to 1 401k matching. Also there are the usual financial firm perks: $25 for dinner after 7 and a car home after 9...not to mention lots of cocktail parties!

    Cons

    Obviously there are some long hours, but that is to be expected...get your work done early and you can go home. Facetime is not an issue. Also there are those who think that they are great just b/c they work at G/S...but then again you have that at any financial firm.

    Advice to Management

    Improve quality of H/R involved in new hire training


  7. Helpful (2)

    "Nice place to work on the Street"

    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

    There are a lot of Smart people working at Goldman Sachs. There is a lot of co-operation across team and I haven't seen that at similar sized organizations. At Goldman's size things move around fast.They pay quite good relative to others in the industry.

    Cons

    Long hours can be a issue but it totally depends on which group you belong to. There is a general impression that hours at GS are pretty long which is true if you wanna paint the whole place with a single brush stroke. They are a little late in adopting new technology

    Advice to Management

    Always keep the quality of people being hired very high as thats what makes it a good place to work.


  8. "Great place to begin a career"

    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

    The brand name, the opportunity to quickly assume a great deal of responsibility, challenging work, very intelligent colleagues

    Cons

    High-stress, very intense environment with tremendous pressure to perform at all times

    Advice to Management

    Take steps to make compensation and career advancement more transparent to new/junior employees.


  9. "Eyes Wide Open"

    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

    GS has an impeccable reputation in the financial industry. Benefits are GREAT! You can reach out to fellow co-workers if you need assistance.

    Cons

    Some department resources are stretched too thin. Distribution of changes in company policies could be done more frequently. Outsourcing of some company help desks slows down the process of getting some tasks completed in a timely manner.

    Advice to Management

    Communicate, communicate, communicate....


  10. "Strong team-based culture for individuals already sure of their career path."

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

    Pros

    Collaborative culture in technology, exposure to international teams, benefits package, good pay, emphasis on workplace flexibility at least in my group, large incoming new analyst class so it gives you a large network to utilize, early exposure to many aspects of the industry and large-scale challenges faced even at the entry level, and a great emphasis on continued training and community involvement.

    Cons

    Longer work hours (50+), not as creative as other industries like entertainment or non-finance-based business, hard to move from one division to another, a very self-segregating culture, and easy to feel inferior when compared to revenue-generating divisions.

    Advice to Management

    none.


  11. Helpful (1)

    "Goldman is a fantastic place to work but be very careful about your manager"

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

    Pros

    Some divisions of the firm are fantastic and the people in the firm are great and wonderful people - always willing to help you in your career. Goldman Sachs is a great place to work but not every manager is fantastic.

    Cons

    Different divisions of the firm are completely different in their treatment of junior staff and of course the most important contributor to your satisfaction at work is your manager. I'd suggest taking a very very strong look at your manager before considering any taking any roles here. This is particularly true in the Operations division.

    Advice to Management

    Evaluate closely who is given management roles. Not every person that has been at the firm for more than a few years is suitable for this and giving these people these roles significantly damages the view of the firm as a whole.