GS Working Culture 2024
GS monkeys, how is the culture and how does it change by rank? I'm genuinely curious on the veracity of the toxic culture claims in online videos, articles and the bully market book.
I know the culture was very negative during covid but I want to know how it improved or how your general working conditions are. Thanks.
I'm very curious on your general working hours by rank (e.g. 90 hours ASC, 80 hours VP etc.) and what the average comp would be for each level. Thanks,
For female monkeys, what's your opinion on the claims of misogyny and are the claims of women being forced into relationships with senior bankers true? I get there is a fair share of bad employees everywhere but I wanted to hear real experiences instead of things which may be exaggerated in news articles. Thanks.
Side note: is it rare to meet successful bankers who put on a front in public but are maybe psycho at work/home?
Feel free to add any horror stories, personal experiences/anecdotes etc. Thanks.
Some groups are very fratty at the intern level.
Culture among juniors at TMT is honestly not bad
GS FIG / IND are sweatshops
What is IND?
Industrials.
You will question your life choices in IND, the VPs and MDs are life sucking
It is the Gulag of GS.
Cross Markets: Friends staffed on 3 separate live deals each in different industries.
TMT: Called a friend and asked how his wife is doing. He said “Don’t know, but I had a chance to see her omw to the bathroom earlier today,” but juniors are definitely close.
Healthcare: my buddies drawer definitely screams healthcare.
Nat Res: NY seems to have a brutal culture, but Texas seems to actually have a better collegial culture and only group at gs to my knowledge that supports on-cycle.
Bonuses are still the lowest at BB after Barclays(this year). SA pay is still $85k prorated and all groups are against on-cycle recruiting with the exception of TX Nat Res which rarely has any A2A because everybody exists and very rarely analysts decide to stay.
Ps. all of that is second hand info from friends who just left recently with somethings might have changed. Should be mostly accurate.
Curious if it would be better to go to the NRG in TX if I am gunning for MF? Thoughts!!!
They are a decent group and you would definitely get the looks. Goldman is goldman at the end of the day and HH’s know that no one rejects goldman no matter where they are and what to get. If you can go to group that works on an industry you are interested in then I would do that. If you hate what you are doing it won’t feel pleasant at 3 AM when you already hate your life and regret all your choices. People still recruit for on-cycle everywhere at Goldman and on-cycle started this year before people hit the desk for ft and odds are 2027 ft will recruit in the spring of their senior year.
SA pay only $85k? Wtf???? Damn
Tbh, I had the same reaction when I was talking to my friends and seeing who gets paid the most. In the spirit of transparency, they do get a sign-on bonus when they start, but can’t remember how much it was. It wasn’t a huge amount tho. The Goldman Discount is what I call it.
Any other info on cross markets? Is it a sweatshop?
CMG, HC, & IND interns are consistently in office the longest of the classic groups. HC had to make a cap after last year…
Bump - curious about GS London.
Have intern friends at mbb who say their intern friends at gs work a a shit ton.
keep in mind my mbb friends are working 10-14 a day. But we still get to go out and hit the gym most days. At goldman, apparently they rarely have time to go out.
lol in a somewhat middle-of-the-pack classic group hour wise and I hit 90+ every week. friend at McK has time to chill at least on the weekends
Lol yea my friends too, we are out thursday thru saturday.
we know a couple of gs folks and theyve only come out twice all summer
Allegedly an intern had a seizure in HC last year… ironic
Remembering hearing about this from a friend in HC here last summer. Pretty surprised it didn’t get picked up more on this forum
how is the culture in financing groups
I'm currently interning in FICC S&T at GS and we work closely with the financing groups. From what I've observed and from the meetings I've been in, the culture in Financing is above average across levels (better than certain teams in FICC imo).
How's consumer retail?
Apparently associates only check work on PDFs like and MD and never get in the weeds / double check. Can anyone confirm? No wonder the analysts get so brutalized in the oh so prestigious halls of GS
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