Goldman Sachs reviews

Operations requires no skill and is absolutely unrewarding. You will write e-mails and create projects for internal use, no revenue generating. Higher management is unimpressive and I cant see anyone in the office being able making a sale, close a deal, or analyze financial data. Don't be fooled, Goldman people are impressive and sharp in IB, Sales, Research, and several other divisions, but being in Operations is like if you were working for an entirely different company. Of course there are smart people in there, but i will bet a million bucks that if you gave them the chance to go back in time, most of them would have not taken the offer and would be better of somewhere else. Don't be scared to reject the offer, but if you accept it make sure you understand what you are going into. Great job for anyone that comes from a low-tier school, they recruit from great schools and from very weak ones. If your school has a name or is prestigious I wouldn't take the full time offer, leverage it. You are and will be a secretary for the business side if you stay in operations, that's the ugly truth. DO internal mobility, that's the best shot at another division.

Absolutely humiliating compensation benefits. 99% of the revenues consumed by senior management. No rewards for your superior performance. Promotions are based on number of years you stay with the firm. Most of the technologies used are outdated. Senior Management keeps brain washing the employees in the name of long term career. There is absolutely no career growth. I worked in Salt Lake City office. Most of the hires here are either consultants or new hires from local community colleges. If you are from a top ranking university, you will get into depression very soon. SLC office culture is one of the worst. No work life balance. If you don't go to office by 7 am in the morning, you will have a meeting with your manager. Average work hours are 12-14 hours everyday. No overtime pay for technology employees. Production support can keep you awake through midnight and weekends. No work flexibility as well. You will have to give 100 reasons if you chose to work from home. Every task is super critical and super sensitive. No room for mistakes. Do a small mistake and you will get criticized for that in your reviews. Deliver a mega project successfully, you will get hardly appreciated with a few good words and no other rewards. They will keep saying that bonus is a huge part of compensation benefits which is a big lie. In my course of stay at GS, bonus was either zero or negligible. They will collect all the feedback from you but will never work on them. The salary for a new hire in SLC office in technology division is $30,000 after taxes. You have to ask yourself if you want to work for 14 hours daily for this salary.