Goldman Sachs reviews

3.7

66% would recommend to a friend

(19,422 total reviews)
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David M. Solomon

63% approve of CEO

66% positive business outlook

Goldman Sachs has an employee rating of 3.7 out of 5 stars, based on 19,422 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
Jul 18, 2015
Recommend
CEO approval
Business Outlook

Pros

Good on resume Good Benefits and meeting some talented folks

Cons

constant cost cutting initiatives. Goldman technology feels they are great in technology and different than other firms.Surprisingly these comments only come from people who have never worked outside the firm. Reality is that they are not really different and in fact their technology is very out dated resulting in hard work for people and difficult release cycle. Everyone I meet has a constant fear of layoffs. They are just hanging in there till the inevitable layoffs happens Not a good option for 10+ years experience laterals.Most would be used for layoffs bucket or lower ratings in appraisal cycle Benefits that used to great are declining every year.health benefits premiums and deductible has increased a lot No work from home even for genuine cases All in all not worth the hard work you put in. Better compensation/work life balance outside Technology is on constant cost cutting. Form outsourcing to below average compensation to extra works hours, they are master of squeezing employees for profits. There Idea is hire only college graduates and lay off people above 35. It has a 20-20 un official rule. Be prepared to work 20% more on 20% less salary than competitors. They will really keep an eye on you on every small things like when you come to office,how may breaks you take etc. Micro Management to the core Everyone I meet has a constant fear of layoffs. They are just hanging in there till the inevitable layoffs happens Not a good option for 10+ years experience laterals.Most would be used for layoffs bucket or lower ratings in appraisal cycle Benefits that used to great are declining every year.health benefits premiums and deductible has increased a lot No work from home even for genuine cases All in all not worth the hard work you put in. Better compensation/work life balance outside

2.0
Jul 7, 2014
Recommend
CEO approval
Business Outlook

Pros

Working with the absolute best and brightest. Goldman is known to recruit top talent and it shows. Lots of training provided. Asking questions is encouraged. Great benefits (401k matching, great health care/dental/vision), short commute times if you manage to avoid SLC rush hour traffic/ winter storms

Cons

As with most reviews, work life balance is abysmal, especially if you want to move up. Once you're given a blackberry, there is no excuse for not being available or responding to emails while you're not in the office. The monetary rewards can be amazing, but were not worth giving up my personal life and personal time, in my own opinion. Ideas for change are welcomed, but a very corporate culture can make it difficult to get things accomplished and changed. Managers can be very forgetful and have to be reminded of things everything. When they forget something, they blame you for not remembering for them. Credit to the individual is thrown out the window as everything is focused on how the team does, however coworkers will take credit for your work with your direct manager if you don't raise your hand say you did X task. Analyst pay is very low which quickly hurts morale. Compensation has taken a hit in the recent years, although the executives in New York have gotten compensation increases. Operations is heavily dependent on I.T., however the communication is very difficult and I.T. is so backed up, it can take months before they get to a request of yours. Perks have been reduced to the point where "Jeans Day" is the highlight of the quarter. The office is not client facing therefore business casual clothes is not always required. Let all Fridays be jeans day. Christmas, Halloween, etc, have all been cancelled at the office. Anyone who decorates their area that is festive with the season will get a stern talking to by the closest Managing Director. Its like they suck the little bit of fun you would think you're allowed to have out of the work place. One can take sick days as needed, however if you miss more than 1 day and you're not dying or in the hospital, your work starts to get distributed to other team members. This creates a stigma that you're not that sick and can still work from home. So although you're able to take sick days, it's looked down upon when you take more than 1 at a time for something that does not require hospitalization.

3.0
Jun 14, 2014
Recommend
CEO approval
Business Outlook

Pros

- Money - Money - Bragging rights on your resume - Challenging environment, politically. You can go work in DC after working here.

Cons

- Politics in IT departments are horrible! - Time management is impossible. Enjoy days full of meetings and e-mail, actual work adding to the business' bottom-line.. not so much. - IT Middle managers have bred themselves to the point of infestation. Most seem to think their job is to micromanage, call meetings, and send e-mail. Leadership is a term thrown around continuously, but rarely earned in reality.

Viewing 130 - 132 of 19,422 Reviews

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