Legacy IT costs / No premium for technologist working in Financial Services IT - Vice President Goldman Sachs Employee Review

3.0
Jan 5, 2009
Recommend
CEO approval
Business Outlook

Pros

What are the best reasons to work for Goldman Sachs? More appropriately, What WERE the best reasons to work for Goldman Sachs. Technologist were paid a premium compared to other industries, but that premium is far gone and will not return.

Cons

IT organization is grown too fast and too slow to keep up with smaller firms. IT is not a direct generator of revenue except for a very few divisions (algo trading etc.) Large legacy infrastructure not designed to benefit from current computing cost savings trends. (and don't tell me migrations are easy or cheap or on budget)

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5.0
Jun 16, 2026
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Pros

Great learning experience Smart people Cool deals

Cons

Very long hours High expectations

5.0
Jul 9, 2026
Recommend
CEO approval
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Pros

Great hours and work culture

Cons

Hard time to move around for other opportunities

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