- Goldman, Sachs & Co (New York City / United States)30.Nov 2015
The culture that made GS is hard to find these days. If you want to advance, you better find a sponsor otherwise you are going no where.
Freedom to work independently
For our department workload is distributed as well as it can be, but there is still too much of it. Our immediate management is the hallmark of what made GS great. However, the same cannot be said for the majority of the managers.
Little information flow from the top down. New "social media" tools create information overload more than they serve to convey more information.
Attitude towards older colleagues
There is nothing that one could use to substantiate that longer term employees are not targeted during layoff rounds, but in some cases, it does feel like that.
Once you get to a certain point, you are stuck. If you do not have a sponsor, don't plan on going very far. And hope that you have a well placed sponsor, otherwise you are not going very far.
Overall compensation for your work
At one point, GS payed well and had good benefits. Recently, they have been skimping on both. Raised rates for certain benefits. Rolled back benefits. And certainly does not pay consistently across similar job titles nor does it necessarily factor in skills, education, etc., when determining your pay. Managers have little to no say on your pay. Compared to other non-financial companies, the salaries are generous. Compared to other financial companies, you can probably find better elsewhere and probably have a more reasonable workload.
Office / Work Environment
Depending on the location, the furniture is dated (as in dates back decades to when the buildings were commissioned). HVAC can sound like jet engines at times.
If the employee does not force the work-life balance, there is none. Even so, some managers might look unfavorably on doing this.
Job security? What is this concept? This is a financial services company, not the government.
A lot of tasks are being routinized or mechanized. There is little congratulation for a good job (maybe an internal "social media" mention). Questionable if one can be proud of what results.
Suggestions for improvement
- Reinstate benefits/perks. Update pay structures. Restore the balance/ying yang that was once in place within senior leadership.
The following benefits were offered to me
- CompanyGoldman, Sachs & Co (New York City / United States)
- CityJersey City
- Are you a Current or Former Employee?Current employee