Pros
Middle management is good They are open about your pay and bonuses (This doesn't mean they pay well) Plenty of office events (Lunch's, Christmas Party, tax dinners) You have Goldman's name on your resume You have 3-5 years before you have to worry about building your book
Cons
-Possibly the worst idea was for Goldman to acquire Ayco- This boutique firm has now turned into a nightmare trying to follow all Goldman procedures while having no benefits or communication from Goldman. We are stuck with their systems and standards without actually being a part of them. -Computer systems and programs still stuck in the 80's. The amount of paperwork needed to be done to change a client's phone number is laughable. -Office atmosphere is very political. Everyone's always worried about bonuses/raises and promotions - There is a mass exit of analysts every couple of years and the employees left are forced to pick up the slack without seeing the right compensation. - You're "expected" to come in on weekends and work late when there is really not much for you to do. - Don't let them fool you with their promotion structure because you don't make that much more money, you're just given a lot more responsibility. - A lot of your compensation is dependant on what your account manager decides to give you in "bonuses" based on his/her book. - Old boy's club. Men in this company go play golf together during office hours. Not a lot of women are hired. -High turnover