Goldman Sachs reviews

3.7

66% would recommend to a friend

(19,438 total reviews)
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David M. Solomon

64% approve of CEO

66% positive business outlook

Goldman Sachs has an employee rating of 3.7 out of 5 stars, based on 19,438 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 23, 2016

Perception not Results

Recommend
CEO approval
Business Outlook

Pros

* Good pay; skilled colleagues * Exposure and perceived brand

Cons

* Perceptions are more important than clear results * a select chosen few are given many chances to succeed despite data on reviews suggesting the contrary; the quartiling process is a joke. Seen situations where a Q4 was bumped to Q1 to support "diversity". * The process to promote and reward people can be skewed like the elections in many nations. Propoganda cane be created to support a person and promote them and vice versa. Its probably the most "cult" like organization I have worked in. * Lateral hires, beware of joining this firm, as they treat you on par with some one with zero experience, as they call it a "Flat organization". Any experience outside GS is treated with disdain and scorn. For example all people introduce themselves " Started with GS during XXXX and currently working as ..." It forces people with significant experience to not even mention that experience! Really works like a cult with "group think". The lateral hires are considered a "risk" in that they are likely too dilute the GS DNA or cult culture. * People are constantly played against each other * Expats are treated as "culture carriers" with no further work expected from them. Its amazing how expats walk in to BLR, not contribute much at all, stay for two years and move to a greater role, a promotion many times afterwards leaving the employees wondering if this is true meritocracy or a cult that promotes purely based on how long you have been at the firm and your choice 10-12 godfathers .

4.0
May 5, 2016
Recommend
CEO approval
Business Outlook

Pros

- Best interview process of my life in a context where experience trumped nonsense tech screens. Sessions involved strategic and domain specific discussions with VP and MD technology leaders and one or two on-the-fly high level technical questions. Mostly, it felt like a flattering sales pitch. One of the only times in all my years working that I've left an interview actually feeling good about myself. - Premium offer over my then base salary, including discussion of expected year end cash awards. All arrived exactly as conveyed resulting in highest comp received in my 10 professional career - Moving towards a "startup-lite" culture with business casual attire, working remotely, flexible work hours, social/networking events - My resume was already decent but adding GS to it brought a torrent of invitations to interview, networking requests and other professional and personal benefits that come with being associated with the top global investment bank. - Management structure is flat, with no single person making decisions in solitude, including your direct manager. A strong network greatly affects project outcomes - Policy allowing mobility at any time is a big benefit for productive and effective employees as it shifts bargaining power in their favor by forcing managers to keep the situation equitable or find someone else. - Lots of very brilliant people have worked and/or still remain there from a fairly diverse set of backgrounds. Literal rocket scientists and multi-PhD superstars all over the place - even as consultants.

Cons

- Strange culture where people often act like doing their job is a favor. Tricky communicating effectively with intelligent but often thin skinned and/or insecure personality types holding long term senior positions - Work often comes informally as high level projects along the lines of "rethink and simplify the current expensive but proven solution with delivery of an entirely novel, unproven, theoretically more efficient paradigm" - and then judged somewhat qualitatively on minor points and preferences, shaped by popular opinion. Politics here are as weird as they are dicey as they are crucial to getting ahead or staying afloat. - Compensation per employee is nothing like the press/media math of "X profit / Y employees". It's higher than average in general but there's many who are paid less than their value along with many medium term consultants with no skin in the game. On the positive side, there's almost no one who adds little to no value and sticks around for more than 3-6 months like all other banks - Management structure may be flat but largely because of its opaque, convoluted and constantly shifting nature. This can make it feel like a full political campaign cycle just to screw in a light bulb. - As crazy as it sounds, if you reach a senior level, it becomes difficult to pursue opportunities outside GS as the universe of companies that can and will provide both a better career trajectory and higher compensation shrinks dramatically. Those that can can usually have outlandish expectations with only incremental compensation improvement offered - like describing how to build a profitable algorithmic trading system in explicit, low level technical detail over the phone in 10 minutes.

1.0
Apr 14, 2016

Has its best days behind it

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Lots of learning resources for soft and hard skills - Remainder of the partnership culture - 4 weeks paternity leave

Cons

- Shrinking tech division, in wind-down status for a few years and not stable yet - Big gap between ambitious claim of "being a tech company" and keeping tech as underresourced, badly managed underdog. - The same dysfunctional review system of security division for technologists, without its objective measures of profit, gives completely free hand to the managers for their subjective marking of people, nepotism, and marginalising rebels (who are sometimes rightful in the rebellion against risky, wasteful and showy decision). No reflection of the main tech initiatives with objective measures (e.g. test maturity, code quality, reducing technical debt) in the reviews. - as a result of latter case, a brain drain happened in front-office tech. If you are a technical person avoid that part of GS tech at all cost

Viewing 205 - 207 of 19,438 Reviews

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