GS Technology is on downward spiral - stay away. - Vice President - Technology Goldman Sachs Employee Review

2.0
13 Dec 2015
Recommend
CEO approval
Business outlook

Pros

- Great training program for new grads. - they hire smart people (mostly) - Lots of different problems to solve - Internal platforms and other standardizations make development easier. - its still good to have on your resume. - they are hiring like crazy. (because so many technologists are leaving)

Cons

- with smarts come arrogance. not unique to GS, but wow is it a lot. - poor equipment - No large screen monitors -we have 10 year old small 1280x1024 monitors!! Its difficult to work on those things. - many managers are not technical. Its gotten worse over time, and its at its worst now. - Forced ranking system. 1-5. Only 1 and 2 gets bonuses. The policy is to screw everyone else so they leave on their own volition. - they Cannot keep New hires from college. 90% of the "NAPAs" from 2 years ago have already left. - smart people are leaving in droves. Most good managers have left in the past 2 years, and 100s of great technologists have fled. This is not an exaggeration. - So many people have left, many teams are down to bare bones and that is a dangerous situation.

Explore other reviews about Goldman Sachs

5.0
26 May 2026
Recommend
CEO approval
Business outlook

Pros

The learning curve is super steep.

Cons

Long working hours and high pressure.

2.0
23 Feb 2026
Recommend
CEO approval
Business outlook

Pros

You’ll get to work with the latest technologies depending on the team you’re in and also have a decent work-life balance. They give you a good amount of vacation days and let you use them whenever you want. You get to work with people who are good and smart and barely hear of any bad people who make your life hard. Taking internal mobility to other teams would also be super easy out here and they encourage it.

Cons

The pay increases are very bad. As you get promoted and grow, your pay will only increase about 3-5% no matter how good your performance is and you’ll feel like you’re barely beating inflation if you’re lucky. Your pay will be massively under the market for your role. Not to mention, there’s a huge risk of layoffs and it happens twice a year. You’ll end up being a part of it if you’re working from home a lot or express your dissatisfaction with your pay (although they mostly brush it off as a performance or a budget/role issue). The risk you take from the layoffs is not worth the reward you get. If you’re taking this job and reading this review, just consider this job as a stone you can step on while looking for another job to switch to

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