Seriously fuck this bank. For a company that pushes facetime and return to the office on its junior bankers - essentially watching them like hawks, why is no one saying anything about the hypocritical unlimited vacation move for senior bankers? How the fuck do they even get talent to work for them?
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Name and prestige baby, Goldman just a good firm 🤷♂️
Shucks to the juniors right
It’s the fault of people outside the firm. If they would stop obsessing over gs they wouldn’t be able to do all of this.
Everyone inside knows what it is but whenever you tell someone you work there they act like it’s gods gift and it’s so lame.
Its so dumb man. They literally treat the junior bankers like crap and people still flock to the firm.
I mean pretty much all Investment banks treat juniors poorly, its sort of just the nature of the beast. Goldman's a top firm (in my opinion THE top firm) to work for so if your so upset about some minute shit like this someone else will happily take your place.
My impression with Goldman people is that they have such a high ego that is tied up with Goldman Sachs. Used to intern at a PE/HF place that had an ex-Goldman guy. Dude never stopped talking about Goldman (at any chance possible). Like his personality is Goldman. I wonder why he even came to the firm I was at.Hung out with a few Goldman people for dinner. Again, huge ego that's severely tied up with Goldman. Their pride was honestly quite depressing because Goldman doesn't treat their juniors that well, and all these people still get stuck with this firm because it's pResTigE. I don't understand how people live by prestige when it's their living experiences that actually matter.
Spot on!
Haha i definitely agree, the firm does attract people like that but also just being GS a lot of people gradually turn that way, i think it’s kind of a way of justifying to yourself you made a worthwhile decision despite the shitty culture
You wouldn’t get it. It’s a Goldman thing. Had to be there. Pff geed.
Del
But let’s be honest…it’s not like you’d decline a gs tmt/fig offer if it were given to you because the culture there sucks
we can’t be hypocritical about this either
I would absolutely decline a goldman offer from any of their groups
It’s one thing to say it, it’s another to actually do it
🤣😂🤣😂🤣
I declined a GS offer granted it wasn't TMT, but one of the other ones that people on this forum hype up e.g. FIG for EVR. People dick ride GS and their exit opps.
The harsh reality is that if you're a top tier analyst regardless if you're at GS or Citi, you're going to get access to the same opportunities. That may hurt egos on this forum, but it's the truth.
I used to be one of those people who was GS or bust, but I grew up and realized that the opportunities that I want will be created by me, not the name of my bank.
We are all doing the same job, but using different color pallets on our slide decks. Why be miserable and underpaid at GS (excluding this year's anomaly) when I could make more and get the same opportunities from Evercore? There's nothing about GS that attractive to me aside from the name. I can make my own name for myself and don't need to rely on my bank.
Tbh you are very wrong here. While from the outside it may seem such a good measure for seniors, it is not.
First of all, when you get to that level, there are no real vacations anymore. You are always half working at least. Second of all, having “unlimited” holidays per year, in practice means that people ends up taking less days that if they a given number of holidays. Studies consistently show this. Moreover, if studies with ‘normal’ people show this, imagine what will be the result with seniors at GS. To get to that position, you have to be top 1% competitive and career driven, and possibly workaholic. So yeah a few seniors here and there may end up benefiting from the measure, but most of them will end up taking less hols.
Also think that at that level, you are very very expensive for the bank. You better generate revenue and show commitment or you can be in a though spot. Also most people has still ambitions at the senior level, most VPs want to make it to MD, most MDs to partner, most partners to head of whatever vertical, most heads of whatever vertical to heads of division. And so on and so on. Do you get what I mean? They always have a next ambition to grind for. Who do you think will get promoted to partner, the MD who takes 2 months off, or the MD who takes 2 days off? The response is clear. And now that we may be heading for a recession, who would get fired first? Other things equal, the one who goes away for 2 months.
So this new measure is both BS and a piece of PR. But in substance, it makes things worse for seniors (for those who are not as workaholic as their peers)
Link to your sources?
LOL. Maybe it's a trick.
it’s likely so they don't have to payout out accrued vacation days when people leave. this whole post is off base
Like many has said before, name and prestige is one. GS also had the highest bonus numbers this year (no more GS discount), advised on some of the biggest deal and exit opps is still amazing. In short, people can put up with eating shit for a while if they get all of the above
I do wonder if GS is going to pull a bait and switch with comp this year....they did it with free meals and ubers and stuff. Not exactly known for being the most interpersonally progressive of banks.
first anonymous comment lets go
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