Goldman Sachs reviews

3.7

66% would recommend to a friend

(19,401 total reviews)
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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
Apr 20, 2021
Recommend
CEO approval
Business Outlook

Pros

- given a lot of responsibility and exposure at a very junior level - shape your own career - but caveat this with, you can only do this with 'a network' - private medical benefits - under the right people, you will fly

Cons

- too much of the 'in crowd' mentality rather than on performance - so if you aren't GS through and through, this will be a huge barrier to overcome - under the wrong manager it is hell on Earth - you can have worked so hard but if the manager wants to not compensate you vs their favourites, they won't - too many white men / women in powerful positions - old boys club - no black partner in EMEA so not enough differentiation in senior management population - HR regional differences i.e EMEA too conservative vs US HQ - look at diversity as a tickbox / PR stunt - internally not great - talkers go very far - pointless reorgs that frustrate and confuse everyone - aren't executed well and 'cogs in big machine' left to deal with it - the name doesn't mean what it did anymore - comp not reflective of firms performance - readjusted comp system which is geared towards favouritism (white people winning all situations)

1.0
Feb 10, 2018

JUST SAY(CO ) NO......

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I was lucky to fall into a very good group of co-workers, and over time it became obvious that is not usually the case company wide. So I was grateful for my immediate group of co-workers. Paternity Leave is 12 Weeks - but you will be asked "are you really going to use all of that time" You could say you "worked within the Goldman Sachs Umbrella" in the same fashion that the parking attendant at Yankee Stadium works for the Yankees.

Cons

The Work Itself - the target continuously is changing, not for good reason but primarily at the whim of management and leadership. All the way in the door they mention their relationship with Goldman Sachs. Soon after you sit in your seat for the first time, you realize nothing is close to cutting edge and more so resembles a start up company. From business process, to technology, to building amenities everything is poorly designed, dated, and not what you would expect from a company that claims an allegiance with Goldman Sachs. The Compensation - many of the previous posts speaks of poor compensation and bonuses. That is certainly the case for 80-90% of the staff. This is one of the only portions of the business model that does resemble Goldman. The top tier get their bonuses, while those who work the long hard hours get the speech year after year about "there are many factors in compensation" and "it was a tough year for the company". The Work Environment - hands down one of the most hostile and toxic work environments I have ever seen. The pressure is placed on associates by leadership to work long hard hours for key objectives and tax deadlines etc. While that is a staple of most successful businesses, the way it is executed is extremely poor. In recent months there was an article about a former SVP, and what her experience was with the firm, let that be an example of how the work environment actually is. Upward Mobility and Career Development - all of the classic examples "glass ceilings", "good ole boys club", "Nepotism" and "Pedigree Promotions" are out in the open for those who pay attention. May associates will work for years towards a promotion, to see someone that "looks the part" be promoted. Promotions are more tied to your pedigree within the company, your appearance, or impenetrable favoritism than the work you have done or your true value to the company. Diversity - There is a significant effort to promote their Diversity Network. But you can visit the leadership portion of the Ayco website to get a real feel for what the companies profile looks like. I would often joke that there is more diversity in the line to get coffee than there is in the whole company. Benefits and Retirement Contribution - Health Insurance Benefit leaves much to be desired, HDD insurance plans will bring your take home down some percentage depending on if you have single or family coverage. The Retirement Contribution was so low it was meaningless.

4.0
Sep 13, 2016

Senior Engineer

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Dealing with intellectual professionals to solve complicated problems. Never a dull moment, lots of challenges to find solutions for. Innovative spirit encouraged. Good infrastructure, office facilities and services. Decent opportunity to change job roles every 18 months or so, pending favorable performance reviews.

Cons

Cost cutting has deeply impacted all parts of the firm. More experienced (yes, more costly) professionals are being let go or leaving (to find better opportunities). Most teams are stretched, taking on more responsibilities than should be done by the few people, can cause points of tension and stress in a crisis situation. Younger workers are brought in, but these professional lack the experience or the ability to multitask and get things done sooner. The work demands are heavy, can bring about higher burn rate. A professional here will do the job of 2-3 people at another comparable firm. The joke that one works at GS from 9 to 5, has been interpreted as working "9 AM to 5 AM (the next day)".

Viewing 52 - 54 of 19,401 Reviews

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