Goldman Sachs reviews

3.7

66% would recommend to a friend

(19,403 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 19,403 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
1.0
Mar 4, 2017

Associate

Recommend
CEO approval
Business Outlook

Pros

They pay for your licenses/certifications.

Cons

Absolutely terrible compensation. They continually dangle the carrot in front of you with the promise of future salary and bonus increases. The salary and bonus structure is based on a convoluted algorithm that somehow shows an increase in compensation when in actuality your overall pay decreases.The hours are extremely long, and despite the high turnover rate you are expected to pick up the workload for other analyst who have left the firm. They continualy question why morale is so low, and their best remedy is to this is to offer a "jeans day" on Friday's. Ayco has relied on its upstate demographic to justify paying its employees terrible salaries, but unfortunately they are starting to see the ramifications of this via employee turnover at an alarming rate.

4.0
Dec 17, 2015

CIP Analyst

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Best place to learn, Highly professional place & people to work with compared ti its peers (JPM,MS,CS), Huge Pay scale & Bonus

Cons

Too much of pressure & Extra Work hours

3.0
May 1, 2015
Recommend
CEO approval
Business Outlook

Pros

I worked in the Technology division for 5 years. 1. I worked in the technology division of Goldman Sachs and i admire the smart people and technical courage of the company. The company truly believes in technology and is not afraid to build (and invest) in home grown products where all financial companies just live on the mercy of vendors and system integrator. You will be surprised at the scale and complexity of technical projects executed by Goldman on their own without the involvement of any vendor or service integrator. 2. They take great pride and ownership in their work. The company outsources very little and products receive great attention from everyone. Managers pay great attention to detail. Goldman definitely seeks perfection in what they do.

Cons

1. Get used to executive worship culture. Goldman have MDs and Partners and they are living Gods in the corridors. This create a culture of sycophancy and executive pleasing. I have seen people spend their days and nights not on working but pleasing. 2. Very New York Centered. New York is the absolute power center and the managers there will share nothing with anyone else (even with other US cities). In other cities you don't have an authority to do anything without triple New York approval. All important projects are completely controlled out of NY and if you are in other locations you will find that its hard to grow. (or even breathe). 3. Its a company which encourages a culture where people work 20 hours a day. It's common to see colleagues work nonstop from 6:30 AM to Midnight. 4. Organizational Arrogance: Management has very firm views on what needs to be done and you have little or no voice. It takes many years of service for anyone to have a voice in the company. Questioning or disagreement almost always is a career limiting (or ending) move. This arrogance leads to a culture where people spend their entire culture building mega personas, and hyper images of themselves. Its a culture where snobbery thrive. 5. Very rigid organizational rules: Goldman follows lots of processes and governance models around IT. These models are so rigid that even small tasks can take many months of back and forth wrangling between IT and governance teams. This is why executing even small projects takes 10 times the effort it would take in a easy going organization.

Viewing 61 - 63 of 19,403 Reviews

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