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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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.
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.
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)