Goldman Sachs "Salary" Reviews

Likes

Salary and Benefits

Dislikes

Job security and internal politics

Likes

Salaries offered

Dislikes

Every thing other than salary. No job security , no work life balance

Work Details

Work days: Monday to Friday (Flexible Timings)

Work related travel: This job involves Travel Within City.

Likes

Work load fe balance is good. Culture is good.

Dislikes

If you are in the Marcus division no growth for you. Less salary. No vertical or lateral movement. Less opportunities

Work Details

Work policy: 3 days/week from office

Work days: Monday to Friday (Strict Timings)

Likes

Absolutely nothing to mention as positive for this firm.

Dislikes

Toxic work culture, Terrible job security, Zero work-life balance, Pathetic salary benefits, Super biased promotions/appraisal.

Work Details

Work days: Monday to Saturday (Strict Timings)

Work related travel: This is a desk job.

Likes

There’s good work life balance.

Dislikes

Escalating any issue because of the higher management is of no use. Dirty politics. Hard work doesn’t pay off.

Work Details

Work policy: 3 days/week from office

Work days: Monday to Friday (Strict Timings)

Work related travel: This is a desk job.

Likes

How easy to get Executive Director VP at front desk in London? If you know how to play diversity card and corporate game not so difficult after all. I'm fortunate as HR approached me directly last year(gives a leverage in salaries +£100k negotiation) not other way round although I posses (here is my real example - all true, so get you own conclusions). It is great place to lean and grow, with exit opportunities like Hedge Funds etc in my case, smart people but very cut throat sometimes. Nevertheless I can call myself a lucky as managed to land ED pretty easily within FO although - my background by any means wasn't obvious choice for FO as I'm former FirmOps , op experience, never worked on pitching before etc, not like most colleagues coming if moving from Middle Office from Risk, Finance etc - I'm not qualified - neither FCA, FRM, ACCA etc in fact I managed thanks to my generic MBA (everyone can do MBA. It isn't any achievement being honest.) much more technical excellent analyst as recourses as far my 15 YOE goes from OP and Corporate Actions etc goes - I'm not coming with expensive , target school neither - not Ivy (US) not Russel Group(UK) diploma in fact I have graduated mediocre as Eastern Europe standards accounting major two decades ago with 3.65 out of 5.0 average, definitely not obvious target for FO front desk - I have committed or more accurate bought MBA (although most London's banks do not recognized MBA as valued golden standard education) one of the cheapest due to lack of funds MBAs in London with CMI basic grade 7 added up paper (nobody really recognize it but still great to flag on LinkedIn profile - pretending I have any qualifications as I don't and I'm not the only one), lucky later on due to merger got a bump with other more mid Uni label on it costed £16k when most of my colleagues have graduated LSE (£140k in comparison requiring GMAT test when mine just a basic IESTS to qualified) as communication due to English isn't even my 2nd language always was a bit challenge. AS I couldn't pass CFA etc this is a trick allowing to bypass those requirements as MBA isn't equal MBAs and HRs are many times unaware of this...how easy to do this not even knowing the language by supporting yourself with native speakers, copywriters etc. Yes I know it is cheating but at my years (most graduated with extension - surprise) many people l were using those services (easy to find them on local gumtree or fiver ) against it just shows how low value is especially non-target MBA...no surprise most banks do not even recognize those. - My communication skills although average as have studies English as 1st language, nor my Eastern Accent (being an issue with other other banks as per my expat colleagues, reason of glass ceilings etc ) also haven't impacted my offer - I was lucky that HR also was fine with my immediate termination (like pre 2008 style with security not allowing even pack my stuff) by Bank of America back in 15' reason why I can't exactly call this a golden bullet as it was brutal and something I have heard only from dreadful 2008 stories, well it happened to me too. - Finally if I were a men I would expect they wouldn't approach me as bank clearly promoted especially in front office (FO) females those days Overall I'm very happy as I've got fantastic deal with salary way above my qualifications and real ,education or market value, being rather administrator, supervisor than true expert, not sure HR can say the same. I know lots of truly qualified colleagues with CFA, PHD etc complains especially in Goldman that people get promoted based on interpersonal skills or like me on process they need. It is common that not what you know but how they like you taking a place in those decision more often (at least in Morgan too) and HR KPIs like being women than anything else. Just a corporate world where not the best get promoted but those who know how to slide along. Brutal true as backgrounds also impacting those biases. Fantastic bump over Morgan power to recruit own team - prioritising as I like young professionals over experienced one , who also might cause a lot of challenges down the road. As far bank's policy the firm is committed to providing equal employment opportunities to all qualified persons, including race, nationality, gender and age goes others also recruit analysts, associates to play corporate game and delegating less visible (important for bonus, promotion) task to them but also protecting own position not being challenged (leadership challenges) by too experienced or coming with more diverse financial, banking backgrounds. Many ED,VP won't recruit somebody who shows critical thinking, can challenge for example somebody like me in my leadership, they will always discriminate people being a potential threat to them...this is corporate game, politics I have learnt at Morgan too. It isn't about recruiting the most skilled, the best but those fit the best hiring managers needs, obviously nobody want to raise internal competition to themselves in first place. I'm not ethical as you might know raw model, I admit to use own bias as others in recruitment, I always play my own goals first and what is typical can explain by lack of specific background, missing thing feedback to HR which we need to fill in. It is simple to hide your own bias and recruit people you want not those bank need in first place. Junior ones never question authority and are too afraid to cross your leadership. Well this policy is literally dead.I have also claimed council benefits for council flat when earned way above at Morgan those limits, as ethics is mostly as job example shows for people being constantly bypassed in promotions, those who cheat a bit are sneaky and never allows to be caught and there are so many of them as well at Goldman Sachs. Interesting to notice most have MBA or none ,just operational experience (as excuse) of missing true hard qualifications. They managed people much smarter than themselves and earn more than suppose to. This is exactly politics so many really smart people are complaining about. You can sell crap and still being promoted on the back truly delivering and make it happen co-workers....Read More

Dislikes

Nothing really unusual in this industry - long hours - or as we call it work & life mix (not balance),

Work Details

Work days: Monday to Friday (Strict Timings)

Work related travel: This is a desk job.

Likes

Culture and learning

Dislikes

Job security, compensation, career growth is stagnant

Work Details

Work days: Monday to Friday (Strict Timings)

Work related travel: This is a desk job.

Likes

They just pay good

Dislikes

Everything except the fact they pay good

Work Details

Work days: Monday to Friday (Strict Timings)

Work related travel: This is a desk job.

Likes

Good compensation and benefits

Dislikes

No work Life Balance,work pressure and work load is high

Work Details

Work days: Monday to Friday (Flexible Timings)

Work related travel: This job involves Travel Within City.