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Good Company with Bad Middle Management

Software Developer
Current Employee
Has worked at Goldman Sachs for 2 years
April 2, 2021
New York, New York
3.0
Doesn't RecommendPositive OutlookApproves of CEO
Pros

You'll have the opportunity to work with other smart, hardworking colleagues. The problems you'll work on are interesting and challenging. There's a culture of excellence and overall delivering solid technical solutions to problems that require high scalability.

Cons

Some managers are pretty toxic and negative. Your overall experience here will be largely driven by your team, and office politics can play a large role too. Some teams seem great to work on, though.

With the team I'm on, our manager focuses on assigning blame instead of trying to work collaboratively. It brings down the morale of the team, leading to our team having low productivity and continuing in a negative feedback loop where the manager blames everyone for not delivering things in a certain way or meeting their unrealistic expectations – even when working 60-80+ hours every week.

Advice to Management

Have anonymous surveys for employees to give feedback about their managers. It really seems like there are no repercussions for bad management. After trying to give honest, constructive feedback, it was not taken well and only led to more stress. The only options are either to try to move to a team with better management, or to leave the firm.

I've tried to be pretty objective here, and I do overall enjoy working with many people at Goldman. It feels a bit disheartening, though, that I feel like my advice will be brushed aside and not taken seriously. In the end, toxic management is a serious problem that will drive away your best employees. As it is, I wouldn't recommend someone to work here due to the risk involved with landing on a poorly managed team, and having little ability to fix or improve the situation besides leaving.

Additional Ratings

Work/Life Balance
2.0
Culture and Values
4.0
Diversity, Equity, and Inclusion
4.0
Career Opportunities
4.0
Compensation and Benefits
4.0
Senior Management
3.0

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Goldman Sachs Interview Experiences