Leaving Amazon for Goldman Sachs
Anyone has experience working in both Amazon and Goldman Sachs as developer? What do you guys think the difference in experiences are? Base pay is about 40% higher. Worth switching?
No.
Why not? Would like to hear your thoughts
Goldman Sachs is further away from software. Although Amazon also doesn’t care too much about their engineers, Goldman Sachs cares even less. You are a cost center.
What if it changes its core to put more focus on software? Automation is happening in fintech and with enough emphasis on AI and big data, I guess software engineers could eventually dominate the company. That is if there is enough competition from software based financial companies affecting its core business bottom line.
^ he gets the long term viz
Working on secdb or something else?
How much GS is paying? Also how many years of experience you had in Amazon?
What will you be doing, as specific as you can describe? I may be able to give you a rough estimate of the 'importance' of the role/team/product.
From what I gather, it's a developer role in internal UX platform team. The recruiter said it's VP level. But she also added the hierarchy is flat in Goldman Sachs. Is that true?
VP at financial firm is 46% of their population. Don’t read anything in VP title ... people with couple of years of experience make associate VP and then VP ... fin services, director role is usually higher than VP
yeah at blk analyst, associate, vp, director, md. the bulk of the population is vp.
blk === blackrock
NO. Apart from an inflated title of Vice President you get nothing . 40% hike in base is good , but bonus will be small and dependent on company/division performance. Have you checked insurance - if you need to pay for it ? You will be part of middle/back office IT - one of the lowest rungs in an Investment bank. And prepare to really slog - GS is known for putting in long hours , very long
If you really want to explore you can join - if you don't like it you can always leverage the VP title and get more hike
What is annual bonus at Goldman Sachs?
Not sure. Haven't discussed that yet, will discuss that with the recruiter. Or does anyone in blind know about the bonus?