Goldman Sachs reviews

3.7

66% would recommend to a friend

(19,405 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 19,405 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
Aug 10, 2011
Recommend
CEO approval
Business Outlook

Pros

The health insurance benefits at Goldman Sachs are excellent. The pay is slightly above average for comparable positions in the area. The global nature of the environment is interesting.

Cons

Goldman Sachs is extremely political. I was constantly asked to focus on how people perceive the team and department, rather than focusing on the actual problems. Many of the wrong technology decisions are made because of political reasons. The company spends nearly 50% of it's developer time on maintenance because they fail to make any good strategic decisions. Everything is a tactical hack which just compounds the problems. Developers are expected to be testers, business analysts, and developers. Couple this with the fact that about 50% of time is spent on maintenance, expect to spend less than 20% of your time developing. The New Yorkers think they know everything, and express their opinions adamantly as if they did. The problem is, most people are often wrong. It's as if nobody really cares about the correct answer, but just being right themselves. The managers try to give excessive feedback, but they don't think it through. In fact, the feedback is very often conflicting and it give the impression of extreme micro-managing. Everybody is working crazy hours, but nobody is going anywhere in their career. People work 70 hours a week for 5 years to get a VP promotion, which is meaningless because so many people have the promotion already. The employees are disingenuous. Everybody brainwashes themselves into thinking the place is great. The "culture" is touted as being second to none. Oddly though, as I announced I was leaving people came out of the woodwork to tell me how badly they hate the company. I could keep going on, but I'll just say, the company is unable to hire and retain talent in the office I was at, and there is good reason why.

1.0
Dec 13, 2023
Recommend
CEO approval
Business Outlook

Pros

No pros at all !!!! Never ever work with Goldman Sachs especially with Franchise New Business Group in One Raffles Link Singapore and Hong Kong or you will get terminated anytime soon.

Cons

1. They terminate employee suddenly without alert / pre-discussion at all and chase employee out directly without letting employee speaks to HR and Agent. 2. They shorten employee termination notice period to 1 week only, not follow employment contract which is at least 1 month notice period. 3. Cannot make mistake at all and cannot ask too much question. They will criticize employee no effort at all. 4. Always get escalated and complained by other departments although doing proper work. Manager will always blame as employee's fault instead of protect/side employee from other department's complaints. 5. They pretend to have good EQ but always sarcastic, backstab and judge each other. 6. No flexibility at all. Cannot come office late at all and lunch must one hour strictly. 7. Cannot go toilet and pantry frequently. They will question why missing in action? 8. Very politic among managers and colleagues. They never lunch together with each other as a team. 9. No work life balance and always OT. 10. They are very demanding and put high expectation on temporary/contract staff for short term maternity cover only. 11. They are very micro manage and controlling. Employee must sit beside direct Manager so can monitor every movement of employee. 12. Not allow new employee to start work earlier just because one of them taking annual leave. 13. Worst job ever!

2.0
Jul 18, 2020

More Toxic than Chernobyl

Recommend
CEO approval
Business Outlook

Pros

Can be a good rubber stamp for the resume. You can learn a lot if you’re willing to teach yourself (it’s jungle law).

Cons

I came into the firm as an experienced hire through a diversity hiring program. Within my first month a VP on my team told me I was only hired so management could get a “tax break”. I should have walked away at that point but I was determined to stick it out. Of the 4 or 5 people who originally brought me in to the firm, all were either fired or left in outrage before I even started - this should have been another red flag (because the firm has a massive turnover problem). I felt that management consistently lied to me about a variety of things mostly pertaining to advancement. They would also talk pretty openly about horrible things they had done to past employees and laugh about it. Maybe these things could have been more tolerable if they were the meritocracy that they tout but they weren’t in my opinion. That same VP’s job revolved around technology and he/she didn’t know what a server was (literally asked me in a conversation once “what’s a server”); the difference being he/she was part of the elitist yet incompetent culture that permeates the NYC office. They regularly hire the children of clients and as you can imagine they are usually the kind who NEED their daddy to get them a job because they are otherwise completely unremarkable. I stayed two years until I had to train another VP how to do a new job he/she was assigned and he/she couldn’t competently use excel (same individual would regularly try to humiliate analysts/associates for lack of technical skills until he/she took it a step too far once and was almost fired). Seriously as far as diversity programs go, you can’t bring someone in under the guise of receiving training and then have them train your VPs.

Viewing 79 - 81 of 19,405 Reviews

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