Goldman name opens doors, but lack of transparency into pay and promotion decisions & high turnover - Vice President Goldman Sachs Employee Review

The learning curve is super steep.

Long working hours and high pressure.

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.

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