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Goldman Sachs Utah Reviews

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Pros
  • Competitive atmosphere, very smart people (in 407 reviews)

  • many people you can learn a lot from (in 90 reviews)

Cons
  • Work life balance is a challenge (in 705 reviews)

  • Long hours that make difficult to find work/life balance (in 813 reviews)

More Pros and Cons

  1. Helpful (3)

    "Worst work/culture environment in existence!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Salt Lake City, UT
    Former Employee - Vice President in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Goldman Sachs full-time

    Pros

    The company name looks good on your resume. Met some good people there and I can't imagine why they continue on in such an environment. The must be masochistic.

    Cons

    Too many to list-honestly! The CS/CRS division is nothing more than a sweat shop managed by inept senior management whose primary concern is to save money at the expense of providing a good service for the company. If you get an offer to work in CS/CRS as a "contingent" worker, run as quickly as you can in the other direction! The worst culture/work environment I have ever experienced.

    Advice to Management

    Fire yourselves not everyone else. Try to drop the arrogance and narcissism. You aren't as great as you think you are.


  2. Helpful (1)

    "Its all Politics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Associate/Team Manager in Salt Lake City, UT
    Current Employee - Operations Associate/Team Manager in Salt Lake City, UT
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Goldman Sachs full-time (More than 5 years)

    Pros

    In Operations SLC, not much. You might have a better experience in a different Division.

    Cons

    Good luck advancing unless you are the brown nosing type as advancements are super political. Promotions are based upon who you know, not based upon hard work and meritocracy. Do not move to GS as an analyst or associate in Operations as you be a puppet punching numbers 60 hrs/wk while the senior people (VP and above) make money. Even if you do go over at the VP level, you will be a slave to the man and have to rub shoulders, be buddy buddy, and spend more time with internal networking than actual working in order to advance. Unless this is your personality type, DO NOT move to GS.

    Advice to Management

    Get off the political train, advance people based on meritocracy, and get rid of the poor performing VPs that impact the junior population.


  3. Helpful (1)

    "VP"

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

    I have been working at Goldman Sachs (More than a year)

    Pros

    travel, people, career progression,competition, smart people,

    Cons

    Long hours, politics, management bias, no work life balance, brown nosing, pay

    Advice to Management

    better pay, flexibility, work life balance


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  5. Helpful (1)

    "Stay away at all cost"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst/Developer in Salt Lake City, UT
    Former Employee - Analyst/Developer in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Goldman Sachs (Less than a year)

    Pros

    Good name to put on resume, you got to learn some financial knowledge. Lots of training available if you like to learn education/personal investing/some celebrity talk.

    Cons

    I'll put this way, recruiting is like sales pitches, and I did not find the number anywhere close to what they advertised. Internal technology is terrible(almost nothing works reliably) and GS is not fixing them! architecture is also based on these so you will see some really really strange architecture. code base is absolutely the worse I've seen. You will find you have no transferable knowledge when you apply for new jobs. (Maybe you learned a few finance words and tons of politics tricks?) Office politics is nightmare.

    As a hardcore software engineer, I did not enjoy any minutes here, that's why I left.


  6. Helpful (1)

    "They are okay to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • 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
    Negative Outlook
    No opinion of CEO

    I have been working at Goldman Sachs (More than a year)

    Pros

    High professional business envirenment, good benfit

    Cons

    Office politics is really a serious problem over there

    Advice to Management

    please work with the people yourself. do not just assume people's performace


  7. Helpful (5)

    "Global Investment Research (GIR) SLC ART Program"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook

    I worked at Goldman Sachs full-time (More than a year)

    Pros

    Working remotely gives you a buffer from the miserable and insecure senior analysts that you have to work with.

    Cons

    They will call you "front office", but most of the street will not believe it or give you any credit since you are in a "back office" location.

    They will never tell you this when you interview, but your 2 years of experience in SLC will only amount to 1 year of experience in New York IF you get an opportunity to go there after the program (and that's a big IF since most New York senior analyst would prefer not to hire SLC analysts anyways).

    You will be treated like a second class citizen (which you are) by essentially everyone you work with who is in New York since you were not "good enough" to be hired there.

    They will pay you a ridiculously low salary that is inline with how they value you as an employee.

    The vast majority of analyst get to the end of the program just to realize that they are not going to New York since the firm doesn't value or want those from non-target schools, and unlike those that were hired in New York, they have essentially 0 exit opportunities (people may think they are golden with GS on their resume, but will quickly realize that they were just cheap labor that the firm paid very little for).

    Advice to Management

    If you want any analyst in SLC to think that they are not second class citizens or less than the analysts that were hired in New York that you are willing to pay twice as much, you need to have 2 years of experience in SLC equal 2 years in New York.

    You need to establish a culture where even junior analysts opinions matter and the senior analysts are not always right.


  8. "Goldman Sachs Security Operations"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Settlements Analyst in Salt Lake City, UT
    Former Employee - Settlements Analyst in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook

    I worked at Goldman Sachs full-time (More than 3 years)

    Pros

    Get a chance to deal with high value, interesting transactions

    Cons

    Long hours, little appreciation, high turnover,

    Advice to Management

    Take better care of your employees


  9. Helpful (3)

    "Know your family only through the pictures on your phone"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Analyst in Salt Lake City, UT
    Current Employee - IT Analyst in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook

    I have been working at Goldman Sachs full-time (More than 5 years)

    Pros

    good to great medical benefits
    subsidized disability and life insurance
    401k matching
    Many learning opportunities and resources are available to employees
    good culture
    flexibility

    Cons

    Work/Life balance
    Successful employees are expected to work a lot of overtime
    Ethics - if it's not specifically illegal to do, it may be allowed
    You must threaten to leave to get a raise
    non competitive wages
    Managers fight among themselves for control. A verson of the Risk boardgame. Whoever takes control of the most territory, is promoted.

    Advice to Management

    Your voice isn't the only one to be heard


  10. Helpful (7)

    "In the words of the man who threatened to fire me, "This place isn't for everyone"."

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

    I worked at Goldman Sachs full-time (Less than a year)

    Pros

    Goldman offers fantastic training seminars that anyone is welcome to attend. Also, I really did feel like I was learning from the best in the banking industry. The wealth of knowledge that the business leaders have is unbelievable, and if you can manage to schedule some time with them, you'll probably learn more about the industry than you could anywhere else.

    Cons

    Constant fear. Every person in the office I worked in in Salt Lake knew that only a few missteps could cost them their job. Once a year management picks a bunch of employees they want to replace and walks them out the door (keep in mind, these are all brilliant, hard-working people). Management will remind you of these routine expulsions as means of motivation. Working at Goldman is an intense scramble to be better than your co-workers, because you know that if they happen to be better than you, you will be treated as expendable. I was more anxious and stressed at Goldman than I've ever been in my career, and developed constant, throbbing headaches and had a very hard time sleeping. If management thinks they can replace you with someone better, they won't hesitate to do it. Firing dedicated employees is a very common and cavalier occurrence at Goldman.

    A culture of rudeness and extreme passive-aggressive behavior is pervasive throughout the company. If someone thinks you aren't important, they often won't respond to your e-mails or calls, regardless of how desperately you need their help. This kind of behavior is completely accepted. Also, expect business leaders to be extremely critical and demanding.

    Advice to Management

    My advice would be to treat employees like people who have lives and families and dreams; not as objects to be used up and disposed of when they no longer meet the needs of the company's "High Value Location". (This is a term used at Goldman in reference to offices in Bangalore, Salt Lake City, and Dallas where employees are cheap.)


  11. Helpful (5)

    "This is the world's most efficient money-making machine. No more, no less."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • 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
    Neutral Outlook
    No opinion of CEO

    I have been working at Goldman Sachs full-time

    Pros

    - This place will be truly excellent for one in ten people who are ranked and rewarded accordingly (not unique to here, but true nonetheless).
    - Definitely mostly nice, smart & witty people (as we've been vetted not just here, but through all the various work & educational achievements throughout our lives).
    - Corporate America at it's best

    Cons

    - Most SLC work is at best boring, at worst suicidal.
    - People are lying about how much they work. Think 50-60 hrs, not 80-100 hrs. You're not that important and are discentivized anyways from working that long (1/2 overtime anyone?).
    - Corporate America at it's worst

    Advice to Management

    You're attracting many of the wrong people in a high risk/high reward fashion to see if you can recruit from other industries under the guise of empowering people when you actually want them to use Excel. It's great as long as you can keep the facade up, but one day you may run out of people you want and wish you kept a few more that wised-up to your game.


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