Good, but in Decline - Analyst Goldman Sachs Employee Review

3.0
Jan 4, 2017
Recommend
CEO approval
Business outlook

Pros

Great brand, training, smart and collaborative colleagues who are always open to helping. Senior staff are always open to having a coffee to aid in your career development. There is some mobility to different locations and teams if you're excellent, and the business requires it. Good pay, and best-in-class benefits.

Cons

The company is in a long decline like a corporate version of the Roman Empire - they've allowed barbarians inside the gates and it's newer policies are driving away the competent to firms who run tighter, more meritocratic ships and afford them more entrepreneurial opportunities. GS is trying to improve its image in the media so it has instituted more aggressive affirmative action policies which is great for them from a PR perspective but this has lowered entry barriers and standards, and it also degrades the firm's unique culture which is a mix of merit, collaboration, and competition. People slip through the recruitment filters if they check the right boxes so the number of mediocre/poor professionals entering has increased in recent years. The "long-term greedy" ethos is vanishing. Your career accelerates only once you leave for the buy-side using the GS brand rather than growing within the firm based on the trend over the past few years. Most people are overqualified for their jobs and do very mundane work on a daily basis. Your specialization becomes too niche if you're not careful about managing your career. HCM (the HR division) is woefully incompetent, pathetically slow and are more overstaffed than Soviet production lines.

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5.0
Jun 30, 2026
Recommend
CEO approval
Business outlook

Pros

Interesting work and opportunities to grow

Cons

Demanding and possible late nights, similar to other demanding industries

3.0
Jun 30, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The firm encourages and supports to change teams, which is helpful in expanding experience or moving away if you aren't happy with your team

Cons

The promotion has become very opaque lately. They hardly give out promotions, but make you slog and overwork the whole year in the name of it. Basically, you have worked 200% and made to look like a fool by the end of the year.

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