Goldman Sachs reviews

• Work/Life balance. I was fortunate to work in a division that offered overtime, however extra hours were always available and it was strongly encouraged to work extra. • Stress- Do more with less seems to be the philosophy here. Departments seem to be understaffed, overworked, and undertrained. Management seems to be reactive to change in staffing rather than proactively working to make the day easier for employees. Turnover is extremely high for a company of this caliber in the division I was in. • Pay - pay is subpar, and employees are discouraged from discussing this with each other. Annual raises, bonuses, and promotional increases could use some work to be in the same league as other companies. • Internal promotion can be difficult depending on the needs of your team. The firm tends to hire outside, and tends to promote management more frequently than those that work in operations. There’s not a lot of transparency about career pathing, and that heavily impacts morale.

The work environment is incredibly intense and needlessly so. Management does not take a long view but rather jumps from one crisis to the next. Teams are short staffed which contributes to the constant need to put out fires rather than think about mitigating risk long term. In order to get a promotion, you need to play the politics game. Unfortunately there are some toxic individuals in senior leadership who will prevent anyone but their favorites from being promoted/get raises. Just doing a good job will not get you ahead -- you will need to lobby for promotions and raises.