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Good Benefits, High Fear

Engineer
Former Employee
Worked at Goldman Sachs for 4 years
November 1, 2018
Salt Lake City, Utah
4.0
Doesn't RecommendPositive Outlook
Pros

Very good health, medical, dental, and vision benefits.

Nice perks like live interviews with famous people in different industries.

Lots of opportunity to learn the ins and outs of the financial and investing sector.

Nice co-workers.

Cons

Tech salaries are about 10-20% below market.

Super strict environment. SEC restrictions abound. They train you every year on the countless reasons for which you can be fired.

Very much a "what have you done for me lately" culture.

Unless you're an intern or a new college hire, whatever you do is never good enough.

The best you can hope for is a neutral "ok, you can keep your job today."

Highly political.

Fear is the key motivator.

High turn-over. Guaranteed layoffs every year of the lowest performing 5-10%.

Mgmt not worried about turn-over because they heavily recruit new blood from universities.

Advice to Management

They wouldn't listen anyway. The only way is the GS way.

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