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Goldman Sachs benefits according to female employees

Goldman Sachs

Headquarters:New York, New York(US)10,000+ Employees
3.7
 
Benefits & Family Policies
Verified Partner Data
Programs, initiatives, groups
Additional information

Open to all colleagues, our affinity networks play a central role in helping to promote and advance diversity and inclusion at the firm. Affinity networks are an important part of our strategy and serve as forums which offer support, understanding, information and connectivity. Further, networks provide our people with the opportunity to problem-solve, innovate, develop and showcase their leadership skills. We currently have more than 80 affinity networks at the firmwide, divisional and regional levels, and 43 of them are focused on women. The Goldman Sachs Women’s Network enhances the experience of women professionals at the firm through programs that foster greater interaction among peers, as well as the broader community. Our Intersectionality Initiative builds visibility, connectivity and outreach for the diversity dialogue at the firm.  We host several intersectionality events to discuss how multiple social identities can intersect in the workplace.

Unconscious bias training
Yes,

We offer our vice presidents and managing directors a training called Blindspots which explores the thinking traps that can get in our way as we make critical decisions about our business and our people. Another training available for our managing directors, Identity Matters: Race and Ethnicity, enables participants to engage in a dialogue about how race, ethnicity, and social identity may shape an individual’s experience in the workplace and the implications as a leader. Goldman Sachs Person by Person is a program that explores various dimensions of diversity and their impact on communication and working relationships via a theatre-based live case study. For new joiners, the program outlines the business case for inclusive behaviors that promote a workplace in which diverse perspectives are valued.

Networking
Yes,

We sponsor a variety of leagues and teams for our people to get to know one another and enjoy different activities, ranging from traditional sports like basketball and soccer to billiards, dragon boat racing, tai chi and bowling.

Sponsorship program
Yes,

Women’s VP Sponsorship is a highly individualized program that aims to grow the pipeline of women managing directors and strengthen leadership development effectiveness. Women’s Career Strategies Initiative (WCSI) is a career management program that provides developmental opportunities for a nominated group of high-performing associates from across the firm. The program provides career enrichment and development opportunities, builds firmwide peer networks and provides access to senior leaders.

Diversity recruiting
Yes,

We’re committed to advancing diversity and inclusion and recruiting from the broadest possible range of experiences and backgrounds. By 2021, we aim to have women make up 50% of our incoming analyst class, in addition to other goals within that population consisting of 11% black professionals and 14% Hispanic/Latino professionals in the Americas, and 9% black professionals in the UK. These goals are anchored in the representation of qualified candidates. To this end, we partner with a wide variety of organizations, from Girls Who Code and Lesbians Who Tech to the Forte Foundation. We host a variety of exploratory programs, such as our Women’s Leadership Camp, to provide exposure and coaching for students and professionals. 

In addition: 

  • Our Africa Recruiting Initiative aims to recruit technology talent from Africa’s elite universities via coding quizzes, mock presentations and technical evaluations. 
  • Our Veterans Integration Program provides service men and women exiting the military with an opportunity to develop their professional skills, strengthen their understanding of financial services and prepare for careers in the industry.
  • Our Returnship Program helps to develop talented professionals looking to restart their careers after an extended absence from the workforce.
  • Our Pride Summit is a multi-day program for undergraduate freshman and sophomores to navigate the recruiting process, participate in career workshops and meet with members of the firm’s LGBT Network.
Diversity performance
Yes,

Analyst Initiatives for Black and/or Hispanic/Latino professionals provide mentors and coaches to guide them through professional development and growth opportunities.

Coaching
Yes,

Pine Street is a leadership development program that prepares partners and select managing directors to lead the firm’s next generation of people and businesses, and to advance the firm’s culture.

flex work benefit
Flexible working

Culture of Workplace Flexibility 

Goldman Sachs takes a comprehensive approach to work/life flexibility and personal and professional resilience. Our programs recognize the diversity of our people by providing specialized resources and support for all phases of their lives, both on the job and away from the office. As such, each division considers the best ways for our people to have more control over their time. 

Formal Flexible Work Arrangements 

Our formal Flexible Work Arrangement (FWA) policy provides for alternative work hours, part-time work, job shares and telecommuting. 

Remote work policy
Yes
Part time policy
Yes
parental leave
Overview: Parental leave policies

Primary caregivers are entitled to 16 paid weeks of leave, and non-primary caregivers are entitled to four weeks of paid leave.   Additionally, unpaid statutory leave may be available.  

Paid maternity
Yes
Paid paternity
Yes
Unpaid paternity
Yes
Maternity-Related Benefits
Additional information

Goldman Sachs is committed to supporting women and their families - these benefits include: childbirth classes, resilience trainings for working mothers, wellbeing series for expectant mothers, on-site gynecology in larger offices and mammogram screenings.

Lactation facilities
Yes,

We provide dedicated lactation rooms in our offices as well as access to unlimited 24/7 telephonic support from board-certified lactation consultants. Additionally, we provide a Milkship program for working mothers to safely ship their breast milk home when on business travel at no cost.

Post maternity
Yes,

Our people have the option to use the last four weeks of caregiver leave in a flexible manner to phase back.  

Maternity leave coaching
Yes,

We support our people’s transition into and out of parenting leave through the following resources:

  • Expectant Parent Program provides individualized, one-one-one coaching to employees and managers to ensure new parents feel supported in their transition to parenthood. Guidance is given on how to successfully prepare for their time out of the office and their return to work. 
  • Maternity Mentoring Program:  New parents are paired with parent ‘mentors‘ who provide insight, experiences and advice to support them in navigating work and life as a new parent.  
  • Resilience Coaching:  New parents can access a Resilience Coach to help them adapt to their new demands and expectations.  
Fertility
Yes,

Our people and their covered dependents are eligible for a lifetime maximum of up to $45,000 covering medical and prescription drug costs when registered for the Fertility Support Program.

On-ramping/Off-ramping parental leave
Yes,

Up to four weeks of leave can be taken prior to the birth or adoption of a child, including for pregnancy-related reasons or to fulfill any necessary residency or visit requirements.  Parenting leave and the last four weeks of adoption and surrogacy leave can be taken consecutively or non-consecutively within the first year of the birth/adoption.

Care-taking benefits
Additional information
Backup child care
Yes,

The Dependent Back-Up Care Program provides access to near-site child care centers and in-home agencies that provide care for both well and mildly ill children and adult and elderly family members.

Onsite child care
Yes,

On-site child care is offered in three of our largest US offices.

Child care subsidies
Yes,

We offer tuition discounts of up to 10% and preferred enrollment at select child care centers.

Care-taking PTO
Yes,

We offer our people up to nine sick days per calendar year to tend to their own or a family member’s personal illness, injury or health condition.

Elder care
Yes,

Our Adult Care Coordinator service provides personalized in-person and phone sessions to help navigate our comprehensive adult care offerings including identifying resources to help with safety and healthcare, in-home care and ongoing care management.  

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Employer Benefits
Lower
Median/ Consensus
Upper
Corrections, Tips & Comments
Vacation Allowance(Weeks)
3
Median/Consensus:  3
3
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    Paid Maternity Leave (weeks)
    4
    Median/Consensus:  16
    16
    • Goldman Sachs offers 16 weeks of fully paid maternity leave to primary caregivers, adoptive, or surrogate parents, and four weeks of paid leave to non-primary caregivers. The leave has to be taken in blocks of at least a week each, unless the employee’s manager agrees to another arrangement, and in any case it has to be used within one year.
    • Goldman Sachs offers 16 fully paid weeks off for new moms. They also offer 16 weeks off for adoptive parents.
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    Unpaid Maternity Leave (weeks)
    2
    Median/Consensus:  2
    16
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      Paid Paternity Leave (weeks)
      3
      Median/Consensus:  4
      4
      • Company offers 4 fully paid weeks off for new dads.
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      Unpaid Paternity Leave (weeks)
      5
      Median/Consensus:  5
      5
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        401k Matching
        Median/Consensus:  Available
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          Healthcare
          Median/Consensus:  Available
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            On-Site Childcare
            Median/Consensus:  Available
            • Company backups childcare.
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            Flex Time
            Median/Consensus:  Not Available
            • Company’s managers are trained to manage work/ life and flexibility concerns of employees.
            • At Goldman Sachs 44% of employees telecommute.
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            Other Benefits
            • Goldman Sachs offers $20,000 lifetime IVF treatment maximum. They use standard pre-authorization and lifetime medication maximum is limited to $10,000. Their plan will refuse to cover PGS testing and excludes $10,000 at non-preferred clinic.
            • Company contributes to eldercare expenses.
            • Company employs 37 % of women and 39 % of new hires are also women. At Goldman Sachs 66 % of female employees participate in career counseling, 69% participate in management/ leadership trainings and 45 % participate in mentoring.
            • 30% of managers and executives are women.
            • Company offers sabbatical to entitled employees.
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            What should you expect in this industry?
            Industrial: Finance: Diversified
            What benefits do employers in the Industrial: Finance: Diversified industry offer?
            BenefitsMedianAverage
            Vacation Allowance(Weeks)
            3
            4
            Paid Maternity Leave (weeks)
            12
            12
            Unpaid Maternity Leave (weeks)
            6
            7
            Paid Paternity Leave (weeks)
            4
            6
            Unpaid Paternity Leave (weeks)
            11
            10
            401k Matching
            Available
            Available
            Healthcare
            Available
            Available
            On-Site Childcare
            Not Available
            Not Available
            Flex Time
            Available
            Available
            Vacation Allowance(Weeks)
            Median:  3
            Average:  4
            Paid Maternity Leave (weeks)
            Median:  12
            Average:  12
            Unpaid Maternity Leave (weeks)
            Median:  6
            Average:  7
            Paid Paternity Leave (weeks)
            Median:  4
            Average:  6
            Unpaid Paternity Leave (weeks)
            Median:  11
            Average:  10
            401k Matching
            Median:  Available
            Average:  Available
            Healthcare
            Median:  Available
            Average:  Available
            On-Site Childcare
            Median:  Not Available
            Average:  Not Available
            Flex Time
            Median:  Available
            Average:  Available
            Goldman Sachs is hiring
            930
            Active Job Listings