Working at goldman sachs reddit. Do Bain and then work exclusively on data science/digital analytics projects if you want. Doesn’t make it right, but no one is forcing the analysts to work at Goldman Sachs either—they are free to quit tomorrow if they’d like (and it’s not like they’d struggle to find another job coming from Goldman). She finally quit when another bank doubled that. But the pay is crap for me having to also spend money getting to 150 credits. The downside is that you work ALL. Seems like you already determined to leave after a few years. I’m a junior so this is my first and final internship before I graduate (if I don’t do a off cycle internship not sure yet). Otherwise, you wouldn't be there. It takes a certain mentality to get through this okay, but once you’re used to the hours it no longer is something you detest. Hey, there’s a few suggestions I have: Look up I-bonds, the return is around 9. I could very easily do my work from home. Any advice would be helpful. I worked in IT and our company was bought by Goldman Sachs, so I suddenly became a Goldman Sachs employee. Selling a company wide product for their MD’s and Partners, and from start to finish their process was overly labor intensive, complicated, and wasteful. Over the past three weeks, I called them around 8 times to resolve this issue. This is all to say, if experience executing deals is what you want (as opposed to pitching, which sucks), you want to work at GS. But that was 5 years ago at this point. I am mainly trying for IB but does have Goldman on your resume help if it was in a completely different field. Most of the work is ops work. there is a leadership position but you do not have enough working experience for the role, what do you do? A week after completing the HireVue, I received an invitation to the Superday. I actually know someone who left IB at Goldman salt lake this year. Goldman sachs is great. I did a Hirevue interview about 2 weeks ago then a recruiter contacted me last Friday saying they're going to share my profile within the firm and if I'm selected to move forward, then the recruiting team will be in touch for a potential superday interview. One way is this: Your initial $5000 earns 2. I know there's no work like balance at Goldman, but I have to be able to afford child care in the city. Smaller clients tend to actually come out ahead on a wrap fee than they do on a fee for service model just because the hourly rates are fairly high (250-300 is extremely common in most moderate to high cost of living areas). I had about 3 days to prepare for the Superday. This rating has been stable over the past 12 months. Started on the tech side (but on the trading desk) and transitioned quickly into finance realizing its easier and way more lucrative. I am in engineering and it saddens me that the brightest kids as well as the best grad students, those who can actually do something worthwhile for science and technology, go and move money around for 4-5 years, make shitloads of money and then basically retire, thus making their net contribution to society negative. Also when people say shit like 90-100 or whatever the fuck they make their range that is the absolute top line. After hearing this, I am hesitant to even consider working there full time as I am concerned that working in mainly slang would severely hinder my future career prospects outside of Goldman. They collect the highest amount of fees (2nd place is a distant second), transact the largest deals, and for those who care, offer the best network when you decide to leave. Tech stack is very bad, they don’t work on any technological challenging thing. I can't say about Goldman Sachs because I've never applied to work there, but the third one is actually pretty decent odds- all the financial companies and all the big tech companies (Google, Facebook, Microsoft, etc. TL;DR: probably not a dead-end, unless you don’t want to do any projects outside of work That's the reasoning my work gives as well. 70% of employees would recommend working at Goldman Sachs to a friend and 62% have a positive outlook for the business. Reply reply Hey guys, I have a final interview for the work placement program at Goldman Sachs. It's incredibly interesting as you could see any part of Goldman's business, and at like any big firm there'll always be opportunities to grow if you put the work in. They stay for a nice name on their resume, and because working at GS makes you feel "good" or "special". In this case, if you are on the Strats/SDE side, find the balance between using slang for good work performance and not using too much slang to forget other good programming languages. If you haven’t heard about it yet, take a look through it and you’ll see why it was such a big deal (working 105+ hours a week, quotes about the work being “worse than foster care” and “inhumane / abuse”). Chicago based. She rose quickly thru the ranks and earned $500K. A subreddit for those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on anti-work ideas and want personal help with their own jobs/work-related struggles. Look at Goldman's 10-k (annual report). They blocked the withdrawal without letting me know the reason. Thank you! Take the time to cultivate yourself and please do NOT value yourself based on the brand name of the firm you work for. I work around 40+ hours a week, but it is also dependent on your project. Consulting Exit Opportunities. May 5, 2016 · This is why Goldman also hires a lot of people who play competitive sports - we had everything from Olympic swimmers to semi-professional tennis players. They won't pay the same entry salary as the top technology companies, but they offer a competitive salary compared to the other banks. Part of banking regs in the last 15 yrs has been to ban the amount of risk I work at Hill AFB in Finance, they are a solid pick if you decide to go away from the Goldman Sachs option. I worked with GS for 2 straight years, decent performance - 2 promotions 2 years. TIME, and you work with people who don't mind working all the time. Full stop. Working with GS procurement in 2021 as a vendor was a nightmare. Goldman (and its peers) used to be the place to work because the ability to take trading risk meant you could be 24 and making $500k+. Goldman is THE M&A firm. Consultant. But I appreciate the advice, and it's something that I though of. I’ve been on this sub quite a while but never posted although I regularly looked at the trending posts. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. I work for a software company. I asked and he told me it was less than you might expect at New York Goldman since you are doing a lot of support work. Through some good fortunes, after my internship I joined as an off cycle and started working full time beginning of this year. While Goldman might no longer be the best place for jr talent, it's still very very good, and working there/jpm/ms/ still opens doors. This. I spoke to many Asian FTEs across the organization I tried to withdraw my money from my savings account at Marcus by Goldman Sachs to my brokerage account on Jan 23, 2024. Goldman Sachs Ayco seems to be growing tho, and looks like a nice place to work in. Anyone know the salary range for a Regional Consultant, Associate at Goldman Sachs. Yet we've been required to go into the office for most of 2021 because it's necessary for our "culture. My friend DM me this is probably a personal message bring it into my inbox and delete it, reddit is a public forum. Just use pass perfect and Kaplan for the Series 7. Goldman Sachs (GS) works at Discover Financial Services. Analyst is an entry-level position. Jeez, and being an employee at another financial institution, I always thought working at a place like Goldman Sachs was a big deal. THE. 79 in interest. Any pointers on how I should prepare for the interview? I will be interning as a SWE at Goldman Sachs this summer, and I learned that I will mostly be using Goldman's proprietary language called Slang. Remember some of these guys probably didn’t lose their virginity until they were like 18 and feel the need to try and shit somebody cause they didn’t pass their 7 the first try. potential conflict of interest because Rubin had formerly served as co-chair of the board of directors of Goldman Sachs, which had a substantial share in distributing Mexican stocks and bonds. Goldman Sachs is shitty but it sounds like they told your partner during the verbal offer that the role was not open yet and he was not guaranteed a job. The next month you deposit an additional $1000, which earns 2. The work at grunt level is often dull. The catch is you decide to pull earlier than the term agreement you lose the last 3 months of returns. I also want to work with them because I feel like finance might be more my thing (kinda too late to switch though, and I'm at a state school) so I hope I can expand my network and eventually meet some finance folks. That last point should be read twice. My problem with these wealth management firms is that I’m confused on how you progress, like are you just an analyst for your boss until a FA decides to leave/retire? I had worked as a sde in goldman sachs. Start the conversation. The company you work for, Goldman Sachs, is one of the best examples of a corporation fleecing both U. As for my prior experience, I did a bit of corporate accounting during my sophomore year, and a finance internship at a corporate setting during my junior year. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. This is a bit late, but I wanted to provide some thoughts on the recently leaked Goldman Sachs working conditions survey. When I last looked into them, they were paying their first years $17 an hour and had mandatory 50 hour work weeks. And you may not feel like the work you are doing is that meaningful. Survive for 2-4 years and you'll make a shit load of money. Currently have offers from Walmart (Bentonville,Ar) and Goldman Sachs ( Marcus Team ) - Dallas, Texas. It really depends on the clients needs, size, and strategy. Graduated with a master’s degree in finance from UT Dallas in December and stating my first full-time job took in financial regulation and compliance in GS Global Markets Division. It you had asked 18-year-old me what my dream job would be, it would be working for a major firm in New York. 0205 * 12/12) so it earns $102. 8 out of 5, based on over 20,108 reviews left anonymously by employees. Starting my first job at Goldman Sachs tomorrow. Getting in is already challenging, but climbing the corporate management ladder and entering leadership positions as an Asian (especially East Asian) is extremely difficult. So it’s hard to have much sympathy for them when they’re actively choosing to work there. Any advice is appreciated!! Breaking In. Is Goldman Sachs a good company to work for? Goldman Sachs has an overall rating of 3. Your partner should have continued looking and interviewing with other companies in case the role fell through. Best of luck, please dear god do not go to Goldman or any other middle office role and take the Bain offer ‘of Goldman Sachs and its centuries old place of prestige in the banking and financial services industry. Not necessarily. 0205 * 11/12) so it earns $18. Any tips/helpful advice from anyone either working at Ayco or in personal financing? Working in Goldman sachs right now. I really hate to be so negative, but everyone here (in ops) is miserable. Was wondering if anyone had anything to say about the division, internshi Goldman Sachs, the bank that was bailed out in 1995 after toying with the Mexican economy. Ultimately you can get an apartment and live without a car for a while and if you decide you want a car get one. You will be working 12 plus hours sometimes outside of the schedules of public transportation. Big banks really are scams on both sides of the counter. 3w. I applied for Goldman Sachs for IB and AWM but was accepted into operations for the summer. I spent a lot of time reading news, market events, and Goldman Sachs divisions. 05% interest for 12 months (5000 * . Surprised me, given the Goldman status. And moreover it tells me you haven’t actually learned anything about the team or division you’re applying for. You don't need to be interested in finance from year dot, but you do need to be incredibly competitive for a cause. A GS recruiter has been on my case and I keep saying no but he’s come back offering a huge compensation package should I get the job I am an accounting major who wants to work in Goldman's Sachs' tax team for next year while I get my 150 credits. taxpayers and shareholders of stocks in the history of the United States. You will learn more in 2 years than you would in 5 years at a smaller firm. As a Chinese-American that worked at Goldman Sachs a few summers ago, I can definitely confirm that this is true. I did it --> went full time --> spent 6 years at Goldman and made VP (travelled around a few offices as well which was cool) --> got sick of Operations (at the end of the day you are either doing mind numbing processes or working on projects that are always understaffed and resourced) --> went to a top 3 MBA --> work as a PM at a FAANG (realised I was never interested in finance to begin with I met a couple VPs who came over after being V10 firm associates. Goldman Sachs (or any big company) on your resume doesn't matter as much as your job duties. Nobody’s kidding when they say that bankers (analysts at least) work on average 80-90 hours per week, with many of those weeks extending to 100+. The league tables tell the entire story. If you are not in living in downtown within walking/biking distance to Goldman I would recommend a car. Hi! I recently got and accepted an offer from Goldman Sachs Ayco Personal Financing and, because I graduated as a political science major from undergrad, I'm not quite sure what to expect. That's how much I make hourly on 40 hours a week. You can still work on things outside of work in common languages, or get promoted to management roles at Goldman-Sachs. It's particularly common in PE & VC where have the ability to work through a term sheet is a serious and vital asset and hiring law firms for every piece of work on private companies is impractical, slow and costly. You’re a piece of meat to them and they will boot you to the curb once you are no longer needed. Don’t listen to that dork. Pls don’t take some middle office tech role no matter how sexy data science sounds over an associate consultant role at Bain. ) pay that much, and if you adjust for cost of living, you could live that sort of lifestyle working at a smaller company if you I am currently an analyst at Goldman Sachs which I joined the firm as a summer analyst in July of last year. No pressure if you are majoring in accounting or finance ;) She also said this: Cheapest and best school in NYC that would give you a good chance at working at goldman was Baruch College. Goldman's roughly 12,000 vice presidents and executive directors compares with 450 managing directors -- the next rung up in the Goldman hierarchy and a job classification that Smith didn't achieve. They worked with people investing MILLIONS of dollars. No idea, never worked for a big tech company, only small ones as a senior guy/part owner, but have worked in finance. Goldman Sachs fucks with everyone because they are AS CROOKED AS YOU GET. ” So just like big tech they over-hired during the pandemic. It's cringeworthy and shows lack of self-esteem. Goldman is THE M&A firm. Clive Smith is the pseudonym of a recruiter who worked in Goldman Sachs May 30, 2013 · Hours are just as bad as everybody says. GS is a prestigious company to work at and yes, you will work many long hours, but you will also learn more than you can imagine. Given that it's Goldman Sachs, it's expected that you work hard. TL;DR. Goldman isn't necessarily corrupt here - and it's dangerous to just assume that Goldman is simply evil (although people who work there might be greedy, sure) cause it misses the point that there is an People working in accounting and finance had to deal with large numbers. r/goldmansachs: Goldman Sachs. Overall, the company has about 33,000 employees, meaning that 36 percent of Goldman's workforce carried a title similar to Smith's. The worst part is the work, 75% of your work can (and should) be automated away, but for some reason we still do it by hand. My gf worked at Goldman Sachs. Because someday you won’t. I applied to this job posting for Ayco. Interview wise it's pretty stereotypical, know your CV/resume off by heart and have good answers prepared for the soft skill questions. Find the best posts and communities about Goldman Sachs on Reddit. are curious about ending work, want to get the most out of a work-free life, want more A subreddit for those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on anti-work ideas and want personal help with their own jobs/work-related struggles. Any one in this sub who’s been a part of the program? What are your thoughts? Interview’s for the consumer wealth management division. This is all to say, if experience execut But just being on a team using a proprietary language isn’t a dead-end in and of itself. 62% and guaranteed for 6 months in October. You just make it work, or make an only fan's account lol. S. I got an offer for Summer 2022(!) in the Goldman Sachs Global Markets Division as a sales and trading rotational program intern working out of NYC. No proper code reviews, no design reviews. Hell, when we were working remotely for some of 2020, productivity didn't drop a notch. 05% interest for 11 months (1000 * . 3/4 of profit comes from prop trading and there's barely a note about what they actually invested in. 5 in interest. . Also, stay away from any girl who likes you because you work there. If you asked fifty year old me what my nightmare job would be, I’d give the same answer. Operations is horrible at any bank. Anyone got experience working at one of these? Any advise? And also which could be a leverage for a prosperous SWE career? Tech : Goldman Sachs team - React Js, Java, Kafka, etc Walmart - Java, Cassandra, React Comp: 93k Walmart , 85k GS For example, Goldman Sachs, Morgan Stanley, etc have specific programs for students to get involved with the company and have a easier time getting an interview. Hi everyone, long time lurker first time poster. " That usually means the role itself is not as impressive as the fact that they work at GS. It's kind of like a Janitor who cleans the GS toilets saying to someone at a bar that they "work at GS". Goldman had some 49,000 employees as of September, up from about 38,000 at the end of 2019. If you're applying for IB two years from now and your resume says that you were an Operations Analyst from GS while someone from a no-name regional IB has two years as an M&A analyst, you have 0 shot against them unless you networked like mad. I am now currently working in a product company, there is a stark difference in tech stack and the whole process. Goldman Sachs work culture I’m a software engineer/researcher already working in a large bank. They also froze my account, so I am not able to withdraw my money. An organisation with such a tradition of professionalism’ - this is cringy to read. bhszjcususylcleanhrhinqxdzeiepajpytcfeldmsegloy
