Toxic and catastrophic; Run for this hills
Pros
Most middle management (e.g. Sr VPs and MDs) are doing everything in their power to keep their people happy/fulfilled and the lights on, but with no help from Mgmt Committee of the firm. They are the only light left across the firm. The last vestiges of the firm’s palpable focus on people and building a community.
Cons
Toxic culture; record attrition at every single level and division (particularly the divisions that Solomon sees no value in (e.g. GMD, Engineering, Operations, HCM (HR))); overworked; profoundly underpaid compared to peers; entering expensive new businesses with little return, but acquiring expensive sr. talent to build it out (who ultimately leave within a year or two); Everyone is being advised by mentors and even managers to get out; As one analyst publicly put it: “I’ve been through the foster care system and [Goldman Sachs] is arguably worse.”
