Pathetically overrated & Ruined Career | Experienced hire as Senior Analyst
Pros
1. Brand name 2.nbjhfiuhnl..... just needed to enter more than 5 words to write pros about this company when i dont have any
Cons
1. I will break the biggest myth on this planet about Goldman Sachs - not everybody is rewarded (bonus & Hike). Many instances when even if you dedicate 13-14 hrs of continuous efforts daily throughout the year, if management "perceives" that another person better than YOU, you can be rest assured for that year to get ZERO HIKE & ZERO BONUS. Yes, it true, its damn true and digest it before stepping in. In my 2 years of career, I did not receive any yearly bonus 2. Bias - Complete Intern-centric company. Experienced hires from different companies are treated unfairly on many many different levels. Majority of praising reviews are from former or current GS interns only. 3. Scrap value switching cost for experienced hires - Brand Name. Period. You are brought from the market at a scrap value just to be used and thrown away. You are made to feel privileged that you are working with GS. 4. Bullying - unwelcoming hostile environment. Experienced hires treated as "intruders" and any voice raised is suppressed in one on one catch ups with managers and interns raised as "Seniors". 5. Lack of respect - At every level. 6. Pay for everything - There are NO perks. Transportation is charged, food is charged (not subsidized), Gym is charged. You basically shell out the precious years of your life in terms of your money, energy & efforts just to work crazily meaninglessly for what? You will realise only once you leave. 7. No Job security - Be prepared anytime to be shifted to a completely different role without your prior exp. If unable to deliver the expected results in short span of 1-3 months in all that "hostile environment", be prepared to enter the brain squashing, mentally depressing, emotionally scarring & self doubting phase of 4 weeks PIP (Performance Improvement Plan) which is the last nail in the coffin to terminate you. If you are lucky enough to deliver impressive results though, PIP might be extended for few more months (an excuse by management to see your continuity and credibility) expecting you to deliver 0 errors. It doesnt end there. If you do not deliver something of "value" what the management wants, you might end up in another PIP 3-4 months later which will be definitely convincing enough to terminate/fire you. This truth never comes out.