Goldman Sachs Reviews in Utah | Glassdoor

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Goldman Sachs Utah Reviews

Updated October 17, 2017
24 reviews

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  1. Helpful (3)

    "Associate"

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

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

    Pros

    Good to have on your resume

    Cons

    Not a lot of opportunities to move up if your African American. Also overall promotion is based 100% on who you know regardless of how good you are. They will hire diversity but just know that career progression it's next to Impossible if you're not white.

    Advice to Management

    Corporate politics is too much. More women in management level and more non-whites in management level. 90% of your employees are white males.


  2. Helpful (1)

    "Goldman isn't what you think..."

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

    I worked at Goldman Sachs as an intern (Less than a year)

    Pros

    The name itself helps you in the financial world
    The pay is average in SLC
    Great corporate culture
    Interns are treated a lot better than full-time staff
    They give you an atmosphere of meritocracy

    Cons

    The work life balance is AWFUL and I mean awful. I would work long hours because my team was competing for the full time offer.
    The management really doesn't want you to complain or improve anything because you're not getting the full experience. It's quite sad actually.
    They brainwash you to think Goldman is the best company to work for when their are so many others. It's not worth it.

    Advice to Management

    Learn to retain your top talent instead of driving them away.

  3. Helpful (7)

    "A really abusive company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Support Engineer in Salt Lake City, UT
    Current Employee - Senior Software Support Engineer in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing

    Cons

    They over work and seriously underpay... and they bring in loads of immigrants so they can keep pay down. Working conditions are horrible, sometimes you have to wait a while for a bathroom to be available, and they only provide crap food that you have to seriously over pay for

    Advice to Management

    Start paying people better, and stop abusing your employees


  4. Helpful (5)

    "It's intellectually insulting"

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

    I have been working at Goldman Sachs full-time (Less than a year)

    Pros

    Good resources to enhance understanding of the business and have a relatively flat structure;
    Good if you didn't go to a well known college or fresh out of college.
    Managers are helpful and willing to listen to new ideas;
    The brand looks good on resumes.

    Cons

    The work done, at least in operations, is intellectually insulting. A high school kid could do it since it is so repetitive. The system they used is ANCIENT, and office politics is awful.
    The career progression is tough because it's hard to get recognized since it's not merit based.

    Advice to Management

    Put less effort on advertising how good you are and put more work in the systems. Reduce the working hours by reducing unnecessary meetings as well.


  5. Helpful (2)

    "Global Investment Research (GIR) ART Program in Salt Lake City"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - GIR ART Program Analyst in Salt Lake City, UT
    Former Employee - GIR ART Program Analyst in Salt Lake City, UT
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Working in Salt Lake City provides you with convenient access to skiing and other outdoor activities that would not be available if you were located in New York or San Francisco.

    Cons

    The Analyst Research Training (ART) management in Salt Lake City will tell you nothing other than that you are the "exact same as someone who is hired in New York" or another core Global Investment Research (GIR) office to get you to sign the offer. After starting it will quickly become apparent that the goal of this program is to hire people into the program that are either from non-target schools or who were for one reason or another not a strong enough candidate to be considered for a position in New York and make them all compete for a few positions in New York after you have "proven" that you are capable of performing at a New York level. Your two years of experience will count as only one year of experience in New York (that means it will take you 4 years to become an Associate versus IBD where it take 2 years). You will be held to a higher standard than those that are hired into the New York analyst program as you need to "prove yourself" in order to be considered for a New York position.

    Management will state that the goal of the program is to pay analysts approximately 55% of what they pay them in New York since the cost of living is lower, however virtually all program participants will agree that part of the 45% discount is cost of living related and the other part is just the fact that you are considered a lower valued "front office" employee (on a cost of living adjusted basis you are just not getting paid what they do in New York). Even the argument of the discount being cost of living related is contradictory given that analysts that are hired in Houston (where the cost of living is even lower than SLC), get paid the same salary as an analyst in New York. As virtually all program participants are unhappy and regretful of the situation, you will constantly hear the Analyst Research Training (ART) program management in Salt Lake City and other levels of management say things like "you just need to trust the system", "for you to perform at a New York level, I need you to do XYZ for me", and "we are going to have someone from New York speak with program members about making the transition from Salt Lake to New York". Since it is generally accepted that the exit opportunities to the buy-side or corporate are more or less nonexistent from Salt Lake City (which from personal experience, this is more or less true), the goal of virtually all participants is to "make it" to New York. However, transferring to New York is discouraged after so many analyst have transferred to New York and immediately started recruiting for the buy-side.

    Since you are remote and your boss and team members don't have to see you face-to-face on a daily basis you will be treated as a second class citizen and anything you do or say will be automatically assumed incorrect or lacking merit because you were not good enough to be in New York. Doing anything to please the senior analyst and be a "team player" is expected, however this is only expected from the junior team members as management is perfectly fine with senior analysts treating junior team members like the second class citizens that they are. Senior analysts know that you have no other options, and that they can expect and demand anything from you regardless of how unreasonable it may be and the Analyst Research Training (ART) program management in Salt Lake City, will do nothing other than agree with them no matter how absurd and ridiculous it may be. There is no right and wrong, there is what a more senior person says and what a more junior person says and the senior person will always win.

    Probably the most challenging aspect of the program is that you are working on a daily basis with other program participants who are extremely jaded and distrusting of the firm. The vast majority of program participants will openly say to each other that they regret signing the offer because they feel they were deceived by the firm and management, and virtually everyone is doing anything and everything they can to leave the program, but most are not successful.

    Advice to Management

    Deceiving candidates prior to signing offers and then constantly telling them what you want them to believe after starting the program will never lead to loyalty to the firm and will always lead to the toxic and jaded attitudes of program participants that currently exist.

    You should be upfront to program participants about what the program is, and what the opportunities associated with it are. The rigid, bureaucratic, and hierarchical culture that currently exists is the reason that anyone who is able to leave the firm does just that. Saying your people are your most valuable asset and the treating them the way you do is completely contradictory.

    To anyone who has an offer for the Global Investment Research (GIR) ART Program in Salt Lake City, I would strongly suggest weighing your options and seeking opportunities with other large banks in New York where you are "good enough" to be a regular analyst. As long as you have started your career in Global Investment Research (GIR) in Salt Lake City, you will always be discounted relative to someone who was good enough to start in New York.


  6. Helpful (3)

    "Worst work/culture environment in existence!"

    StarStarStarStarStar
    • 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.


  7. Helpful (2)

    "Its all Politics"

    StarStarStarStarStar
    • 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.

  8. Helpful (1)

    "VP"

    StarStarStarStarStar
    • 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


  9. Helpful (3)

    "Stay away at all cost"

    StarStarStarStarStar
    • 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.


  10. Helpful (1)

    "They are okay to work for"

    StarStarStarStarStar
    • 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


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