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Technology Infrastructure is BAD

Vice President - Technology
Former Employee
Worked at Goldman Sachs for 2 years
February 14, 2013
Jersey City, New Jersey
3.0
Doesn't RecommendNeutral OutlookApproves of CEO
Pros

Access to the employee's Private Wealth Management account and Goldman Research.

Company does some interesting things for employees.

Young people! A lot of young people hungry for success, but... (see below).

Cons

Politics is bad. Everybody can have an opinion about everything and block progress without any particular knowledge about the subject. There are a lot of schmoozers who have spent years at the company and are not getting fired because of the years spent.

Insecurity and incompetence at TI are at a very high level. Other divisions are much better, but TI does not have P/L valuation and has really diverged from the mainstream business (though this is true for most of the ITs in financials).

Young people are hired but not given challenges and opportunities. They really have to become schmoozers to get any recognition and spend 10 years to see growth (if they are not schmoozers). If you are a schmoozer, you can make VP in 5-6 years.

The company is also known for hiding its titles. They tell you there are only Associates, Vice Presidents, and Managing Directors. Well, it turns out to become an MD, you have to go through 4 promotions from Vice President, and each one takes two years (exceptions are possible but rare).

Advice to Management

Reorganize TI; it is horrible.

Provide more transparency into titles.

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