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Goldman Sachs: Creating a Culture Rich in Support

Zippia Score 4.9

Working At Goldman Sachs

The Goldman Sachs Group provides banking, security and investment management opportunities around the world. With a wide range of services the firm offers, it's no wonder the firm is a global leader in the industry. The firms' services are offered to a diverse client base that include corporations, financial institutions, governments and individuals. Headquartered in New York, the firm has offices located in all of the major financial centers around the world.

The firm provides advice to companies on buying and selling businesses, raising capital and managing risks. Governments on all levels seek out Goldman Sachs' help for financing their operations. This allows governments to invest in schools, hospitals and roads. The company also transacts for the clients in all financial markets, including equities, bonds, currencies and commodities. In addition to other services, the company also takes pride in the people who work there for being able to develop innovative ideas, new products and provide different perspectives.

Working At Goldman Sachs

Diving Into the Values at Goldman Sachs

Being a global leader in the banking, security and investment industry isn't the only thing Goldman Sachs is good at. With a long running list of awards, it seems the company has nailed down being a great place to work. It seems the company really does take pride in showing employees how much they're appreciated. The awards include:

  • Glassdoor 50 Best Places to Work in the UK (December 2019)
  • Vault Best Internships (October 2019)
  • work with Pride (wwP) Japan PRIDE Index (October 2019)
  • Working Mother and AVTAR 100 Best Companies for Women in India (September 2019)
  • National Business Group on Health Best Employers: Excellence in Health & Well-being Awards (September 2019)
  • Working Mother 100 Best Companies (September 2019)
  • JUST Capital 33 Best Companies for Workers, by Industry (August 2019)
  • FairyGodBoss Best Finance Companies for Women (June 2019)
  • Universum US's Most Attractive Employers (June 2019)
  • Hong Kong Community Business Awards: LGBT+ Workplace Inclusiveness Index & Awards (May 2019)
  • The Times Top 50 Employers for Women in the UK (April 2019)
  • Asia Society's Best Employers of Asian Americans (April 2019)
  • LinkedIn 2019 Top Companies List (April 2019)
  • NAFE Top Companies for Executive Women (March 2019)
  • Whew. And to think that this list only includes awards from last year.

    Working At Goldman Sachs

    The People at Goldman Sachs

    A Team as Solid as Gold

    The team members at Goldman Sachs are the firm's greatest asset. And coming from a financial institution, you know that's legit. The firm believes that without the hard work and dedication from the employees, it would not be able to serve its clients, shareholders or the broader public.

    In order to create the best team, Goldman Sachs strives to find people with a large range of perspectives that reflects the diversity of the communities that the company serves. Another contributing factor that the firm believes is key to having a solid team is investing in careers. The firm aspires to help employees remain focused on their long-term goals. The firm maintains a work environment where people feel comfortable being themselves and are empowered to reach their full potential.

    Working At Goldman Sachs

    The Culture at Goldman Sachs

    An Environment as Rich as the Name

    At the heart of the awards that Goldman Sachs has received is the focus on sustaining a cultivating work environment. With Employee Affinity Networks and Interest Forums, employees are able to take part in programs that support them on an individual level. The networks host leadership conferences, client events, and offer training and educational programs for employees to attend. The networks that are offered vary drastically:

  • Asian Professionals Network
  • Disability Interest Forum
  • Firmwide Black Network
  • Firmwide Hispanic/Latino Network
  • Informal Religious Support Groups
  • Lesbian, Gay, Bisexual and Transgender (LGBT) Network
  • Veterans Network
  • Women's Network
  • Working Parent Forum
  • Employees are able to use these networks to also share concerns and feedback, and identify professional development opportunities.

    Working At Goldman Sachs

    Community Involvement at Goldman Sachs

    More Than Just Giving Gold

    The firm supports employees' efforts in giving back to the communities that they live and work in. Through Community TeamWorks, employees have the opportunity to partner with local nonprofits to complete team-based volunteer projects. You'll even get paid to take a day off to focus on this volunteer work.

    In addition, the company has devoted it's time and resources to helping transform Newark communities. Since 2010, the firm has donated over $500 million for 15 different projects that helped improve education, job creation and housing opportunities. As an example, the firm invested in the Teachers Village project. The project included the development of three new schools that served 875 students.

    Also part of the project was developing housing for the schools' teachers. Goldman Sachs also helped provide financing for the expansion of Marion P. Thomas Charter School. The improvements provided a higher-quality educational atmosphere. "We're nowhere near done investing in Newark," said Margaret Anadu, Head of the Urban Investment Group. "We want to show people what can be done and hopefully bring in new investors that will catalyze activity."

    Working At Goldman Sachs

    The Organization’s Mission

    We have always aspired to create a workplace where talented individuals collaborate to deliver extraordinary results for our clients.

    Industry

    Diversified Financial Services

    Revenue

    $36.6B

    Employees

    36,600

    Founded in

    1869

    Headquarters

    New York, NY

    Website

    www.goldmansachs.com

    Website

    www.goldmansachs.com

    Organization Type

    Public

    Is This Your Company?

    The team at Goldman Sachs

    Key People
    • Deepa Bhavnani (Vice President, Human Capital Management)
    • Patrick Lenihan (VP Corporate Communications)
    • David Solomon (ceo)
    • Kaydee Bridges (Vice President, Digital & Social Media Strategy)
    • Rich Latour (Vice President, Digital Content Strategy)

    What do people say about Goldman Sachs

    3.0

    Zippia Official LogoZippia UserNovember 2019

    What Do You Like About Working There?

    Pay and benefits, learning, support, career advancement Show More

    5.0

    Zippia Official LogoZippia UserMarch 2019

    What Do You Like About Working There?

    Intelligent co workers, smart people around, loads of learning opportunities Show More
    Zippia Official LogoReddit UserMay 2011

    If your job stressful? Are there a lot of 20 somethings with heads full of gray hair?

    Nope, not on our end at least. Clients are either stressed beyond belief or chill, no inbetweeners.
    Zippia Official LogoReddit UserMay 2011

    AssestBacked... what's your advice here? I'm a successful algorithmic trading strategy developer that got hooked up with the wrong people. I helped create a small hedge fund a few years ago. In fact I was the only strategy developer employed by them and my strategies were the only strategies in production. After my strategies produced only 10 months of stellar performance the manager terminated my job, falsified my work performance to avoid paying me a bonus and claimed they never traded my strategies. I am bringing legal action against them. I have a rock-solid case and would love to see the truth about my strategies made public. People often don't believe a story unless they read it in a major publication. In the meantime I'm trying to start a new hedge fund. I want to get your opinion on the kinds of people in GS that a strong strategy developer like me coming into GS might encounter. Here is what I'm looking for. 1) Managers and co-workers that truly and honestly work a team. I can't stand working for/with others that are motivated by their own greed to "borrow" my ideas, claim credit for my work, or find a way to kick me out once they've stolen a stellar strategy from me. As I said I was personally terminated for producing stellar strategies. So it does happen. The more capable a strategy develoeper is, the more this is a risk. I singlehandedly built an efficient strategy discovery and validation architecture that would have normally taken 5 to 10 software developers. My colleagues have said I'm the best software developer they've ever known I briefly worked for another hedge fund that wanted me to hand over my strategies without contract and before they issued my first paycheck. I walked away. I've also worked with less competent strategy developers that borrow my ideas out of the drive to compete, then implement the ideas poorly and fail, only to keep coming back to me for more ideas and waste my time! Basically strategy developers often get *** over and face a struggle to find a real team. I can tell from your AMA that you are more of a salesman. No one can steal your ability to make money. Algorithmic strategies are ripe for theft. And their original authors are easy to silence. This is why I'm staying independent until I have enough of a strategy portfolio and track record to take to an investor. 2) Access to good market data (thousands of instruments, several years, proper timestamps, order book updates/snapshots) and good computational power. I am tired of the idiots that think that superior strategies can be built on price-only data, a handful of instruments and lots of intelligence. I've seen that bet fail or become very expensive. So how do your strategy developers at GS fare with these issues? Do they have my concerns? Does everyone at GS accept that strategies get passed around and people quit and walk with great strategies to form their own hedge fund? Is there a manager at GS that truly sympathizes with what strategy developers face? Thoughts?

    Our developers are paid based off what their software produces, if it sucks they get no money if it rapes they get a *** ton. I share a few of your concerns but I dont really need too, Im more organic than anything. Strategies get passed around by our true genius is in the fact that we are always developing new ones. I guess there is a few, I dont do development personally so I cant help you there. Sue, win your money, work on a contract based platform.
    Zippia Official LogoReddit UserMay 2011

    First off I can't believe people feel this way about investment bankers. They make lots of money and most commenters don't, sounds more like jealousy than anything to me. Anyway I feel like this whole thread has been robbed by a stupid morals argument that really pertains nothing to his job whatsoever. He does what he has to do for his paycheck. Bam! That said I 100% positive I want to be in investment banking/trading/ advisement, really I don't care the area but I know I'll lean more towards trading. But I recently read an article that I found interesting: quoted from http://www.bloomberg.com/news/2011-02-15/jpmorgan-posts-perfect-trading-record-for-three-quarters-of-2010.html it says "JPMorgan Chase & Co. racked up a perfect trading record for the second half of last year, making money every day after accomplishing the same feat in the first three months of the year. ...... Traders at Goldman Sachs Group Inc. and Citigroup Inc. also made money every single day in the first quarter." Being more trading oriented could you give me some insight on the best way I could make this MY reality or at least come as close as possible. I am aware there advanced computerized trading systems make these firms lots of money but what are they doing that most people are not? in laymans terms HOW ARE THEY GETTING PERFECT RECORDS. also when you speak to a client at your firm do you simply advise them on what's the best investments for them and have the firm handle them, what if a client disagrees with you? what has been your best most memorable deal? whats been your worst deal? and what do you like best about your job?

    By being the best at their jobs. I explain complex investments that are usually brought to their eyes in one of two ways: They ask for a way to do something and we produce it for them, or, we suggest it to them. If a client disagrees its not going to happen. My most memorable deal has been a little old lady who goes to church every sunday telling me in graphic detail about her fantasy murders of her competitors. The worst deal was some old *** man who wanted me to break everything down to his 12 year old son for his input. I like everything about it, best perk is probably the office space though, I have a couch and table plus a conference room down the hall.
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    Goldman Sachs Rankings

    Goldman Sachs is ranked #36 on the Best Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

    Read more about how we rank companies.

    Goldman Sachs Salaries

    How much does Goldman Sachs pay?
    The national average salary for a Goldman Sachs employee in the United States is $105,542 per year. Employees in the top 10 percent can make over $170,000 per year, while employees at the bottom 10 percent earn less than $65,000 per year.
    9.8
    Salary Score

    Goldman Sachs Salaries By Job Title

    The average employee at Goldman Sachs earns a yearly salary of $105,542 per year, but different jobs can earn drastically different salaries. Some of the job titles with high salaries at Goldman Sachs are Managing Director, Vice President Research, Vice President, Technology, and Team Manager. A worker with the title Managing Director salary at Goldman Sachs can earn an average yearly salary of $188,172. To get a better sense of the salaries at Goldman Sachs, other roles such as Administrative Assistant and Analyst can be considered as well. For comparison, the title Administrative Assistant at Goldman Sachs earns $32,920 per year.

    Goldman Sachs careers

    On average, employees at Goldman Sachs stay with the company for 3.5 years. Employees most commonly join Goldman Sachs after leaving Morgan Stanley. When they leave Goldman Sachs, they most frequently get their next job at JPMorgan Chase.

    Average Length of Employment

    Goldman Sachs

    3.5 years
    Deutsche Bank2.8 years
    Top Employers Before Goldman Sachs
    Citi10.9 %
    Show More
    Top Employers After Goldman Sachs
    Citi12.9 %
    Show More
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    Goldman Sachs Financial Performance

    9.8
    Performance Score
    We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

    Revenue

    > $1B

    Founded in

    1869

    Organization type

    Public

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    Goldman Sachs Subsidiaries

    Subsidiaries to Goldman Sachs include Redline Trading Solutions, USD Partners, and Archon Residential Management, L.P.. Employees at the parent company, Goldman Sachs, earn $105,542. In comparison, the salaries at Redline Trading Solutions, USD Partners, and Archon Residential Management, L.P. are $76,787, $65,202, and $60,294.

    Goldman Sachs Competitors

    Based on our research, similar companies to Goldman Sachs are Deutsche Bank, Morgan Stanley, and Prudential Financial. The average salaries at Deutsche Bank rank the highest, with their employees earning an average salary of $108,153 per year. The salaries at Morgan Stanley average $106,875 per year, and the salaries at Prudential Financial come in at $97,115 per year.

    Frequently Asked Questions about Goldman Sachs

    When was Goldman Sachs founded?

    Goldman Sachs was founded in 1869.

    How many Employees does Goldman Sachs have?

    Goldman Sachs has 36,600 employees.

    How much money does Goldman Sachs make?

    Goldman Sachs generates $36.6B in revenue.

    What industry is Goldman Sachs in?

    Goldman Sachs is in the diversified financial services industry.

    What is Goldman Sachs's mission?

    Goldman Sachs's mission statement is "We have always aspired to create a workplace where talented individuals collaborate to deliver extraordinary results for our clients."

    What type of company is Goldman Sachs?

    Goldman Sachs is a public company.

    Who are Goldman Sachs's competitors?

    Goldman Sachs competitors include Morgan Stanley, JPMorgan Chase, Deutsche Bank, The Bank of New York Mellon, State Street Corporation, Charles Schwab, Prudential Financial, American Express, Ameriprise Financial, Fiserv, Johnson & Johnson, Booz Allen Hamilton, Raymond James, Discover Financial Services, The Hartford, First Data, McKesson, Monsanto, Cigna, General Electric.

    Who works at Goldman Sachs?

    Deepa Bhavnani (Vice President, Human Capital Management)

    Patrick Lenihan (VP Corporate Communications)

    David Solomon (ceo)

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    You can find out what it is like to work at Goldman Sachs, also known as Goldman Sachs, Goldman Sachs Group, Inc., THE GOLDMAN SACHS GROUP INC, The Goldman Sachs Group Inc, The Goldman Sachs Group, Inc. and goldman sachs execution & clearing, l.p..

    Zippia gives an in-depth look into the details of Goldman Sachs, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Goldman Sachs. The employee data is based on information from people who have self-reported their past or current employments at Goldman Sachs. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Goldman Sachs and its employees or that of Zippia.