Goldman Sachs reviews

3.7

66% would recommend to a friend

(19,401 total reviews)
avatar

David M. Solomon

63% approve of CEO

65% positive business outlook

Goldman Sachs has an employee rating of 3.7 out of 5 stars, based on 19,401 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Goldman Sachs employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

19K reviews
2.0
May 5, 2014
Recommend
CEO approval
Business Outlook

Pros

Total depends on which team you work in - some are great and deal with new/interesting projects, others are just keeping the lights on.

Cons

You find some "managers" have just been brought up by inertia/the vacuum of their managers being promoted and they're often not up to/suitable for their job. The 360 degree review is complete bull, managers have the power to change the score to whatever they want so even if you average in the upper percentiles they can change this so that you look useless (and this stays on your permanent record). Base pay, as always at goldman, is a little less than industry standard but no longer are they making it up with the bonuses they used to. Despite all their "lgbt/black/Asian" etc networks there's still prejudice at even a fairly senior level and reverse prejudice (people saying that an intern must be hired as they fit xyz profile). If you're looking to be a developer in London, forget it. All work is done by the low cost or "high value" as they prefer to call it centres (Bangalore in India). And woe betide anyone who finds fault with their work or question why projects are running 100% overtime and still nowhere complete.

2.0
Jul 24, 2009
Recommend
CEO approval
Business Outlook

Pros

The benefits are amazing. Great coverage and a good 401K match program. Working in SLC you might have an opportunity to have more of a work life balance but it depends on the team they assign you to. If you get on your managers good list you might get a good bonus which would bring you up to a normal salary.

Cons

SLC is an outsourced office like India is. In SLC you are a back office employee, please please don't think you are going to have an opportunity to get to the front office from SLC. People do it but it is truly 1 in 500. Compensation is very every low because you are doing work that college kids do. If you are an experienced hire don't think about SLC because they want cheap labor which means only college kids. Don't expect to be doing any real financial work as this is the operations division and you only work with systems and processes. Expect to have poor managers who don't know how to communicate like normal people. Because this is operations you don't have anybody here who is a outgoing and communicates well. Expect you manager to do nothing. Once you are at the company 5 years you might be considered a team leader and you then get to just surf the web. Don't be fooled by their claim that there is a lot of growth in SLC. There is but most of it is coming in the technology division. Even if there is growth in your team they will not hesitate to bring people from NY or LDN or HK to manage. Remember this job is more like a support job so be ready to be treated poorly by clients as well as other GS employees from bigger offices. Knowledge is non-existent here. Everybody tries to pass off questions to the next team because GS does not train you to know the whole picture just your one little function.

1.0
May 6, 2020

Avoid if you can...

Recommend
CEO approval
Business Outlook

Pros

- Very Professional atmosphere - You can learn the financial domain. - Hierarchy is quite flat which can be a good (or bad thing when everyone is a VP) - Flexibility to work at any time - There is no appreciation for the work done, but no one tells you you're bad as well. - Amazing office at Bangalore ORR campus, plus game room and super high end gym

Cons

Long list: - Teams mostly have no knowledge of design and development, esp the folks who are there for 5+ years - Unreasonable deadlines, when you've other projects in hand + support (80-100 hrs in a month). - Long working hours (quora, glassdoor - they all tell you. IT's TRUE). Even during lockdown, working till 3/4 am in morning and again logging back around 10/11 am. Actually we are working more than when we were at office but {Management disagrees}. - Managers ask us to take time off, but won't work on the project deadlines. - For someone new, this will be mentally exhausting and physically draining. I see the new joiners working till 9-10 PM at night. Some asked me why all are having lunch at their desk. My Personal Opinion: Problem is not work, the Indian management doesn't hire keeping the workload in mind. In the name of flexibility, you have work from office, then home or cab while travelling (many do that). In most of the companies, there are cycles of pressure (more work), then breather before the next release. Here there is no such thing. So no time to develop a new hobby or skills. FYI been a year in new building at outer ring road, I haven't seen a single person from my team use the Game Room at GS. Or use Cafeteria, other than take away. And never got time to use that awesome gym. There is no room for personal/professional development or growth. I think for many personal life suffers, yet we keep working in hopes of Bonus and salary. I feel like a slave honestly, most of the times. It's difficult to prepare for interviews as you no times, and lose touch with algos, programming, analytical skills. I am unmotivated and feel useless now, so I continue on here.

Viewing 46 - 48 of 19,401 Reviews

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