Goldman Sachs reviews

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 The whole firm is pushing toward outsourcing to save money. It has a 20-20 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 youtake etc

1. Work life balance :It is non-existent. I have seen people clocking 12 hours consistently for week after weeks for no apparent reasons (not that they are overworked or anything, that's just the way they roll ) One reason might be that Managers look at how many hours you are spending in office rather than the actual amount of work that you have done in a day. 2. Pay package: I had heard Goldman pays way above industry average. Didn't happen in my case (may be depends on profile or negotiations at the start). 3. Appraisal system: Seems very rigged to me. Basically it is like 360 degrees but if you know people (if you have good networking skills) then it is just like asking for testimonials from your friends on Orkut (RIP). 4. Hiring process: Won't comment about campus hires, but for laterals, they just take way too long to arrive at a decision. People are kept on hold for 2-3 months. 5. Culture: A general desire for change is lacking. 6. Propriety Software: They use 20+ years old IDE (or may be older).You won't be adding anything to your CV after working on it.