How is the work at a large investment bank?
Goldman Sachs is one of the largest investment banking enterprises in the world. Founded in New York in 1869, the firm now maintains offices in all major financial centers around the world. In 2018, the company had more than 36 000 employees.
We wanted to learn more about how it is to work at a large investment bank. So we took 5 274 employee reviews about Goldman Sachs posted on Glassdoor and analyzed them with Gavagai Explorer.
Here are 4 things we found out!
The topics “leadership” and “managers” seem to have a negative impact on the grade. They are mentioned in 14% vs. 13% of the reviews but it looks like both topics are decreasing in occurrence over time. The sentiment for the topics has also decreased during the last years.
“Politics” has an average grade of 3,45 / 5, which is lower than the average grade of all topics (3,73). It is mentioned in 9% of the reviews, often together with “culture” and “leadership”. And across the years the topic appears consistently.
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Reviewers who mention “mobility” seems to give a higher grade than the average of all topics: 3,87 / 5 compared to 3,73 / 5. It is often mentioned together with “internal”.
The topic “working hours” seems to have a positive impact on the grade. It is often mentioned together with “flexible” but sometimes also together with “late” and “insane”.
What does this mean for Goldman Sachs?
The company seems to be appreciated for its internal mobility options as well as flexible working hours. When we looked closer at the reviews, we saw that the flexible working hours seem to depend on the team and division.
It seems that some employees are dissatisfied with the managers and the leadership. Although it looks like these topics are being talked about less frequently over time, it is something the company can investigate further.
It appears that it can be difficult to navigate the politics in the company, which can even ruin your career according to some reviewers. Mentioned in 9% of the reviews, this topic seems to be important for the employees. To stay competitive as an employer, we suggest this investment bank follow up their employee feedback regularly to find out what their employees talk about.
Want to try this kind of analysis on your own data?
Gavagai Explorer is free to try (no credit card needed) and works in 46 languages.
Gavagai is a Swedish language-tech company using advanced AI to help businesses analyze text and feedback – so they can understand their customers better. Spun off from the Swedish Institute of Computer Science, our Word Space Technology has grown and improved over 20 years, and our research team has published more than 400 academic papers.