Sunday, May 22, 2011

Goldman Loathing: But Would Anyone Turn Down A Goldman Job Offer?

A Forbes blog writes: “…if Lloyd Blankfein comes calling are you going to tell him you can't work for his evil firm?
Ask someone whose knowledge of Wall Street is limited to Gordon Gekko what they think of Goldman Sachs and chances are their answer will be a negative one.

Goldman, arguably the world’s most successful financial institution with its remarkable profits and unmatched deal-making skills, has been called everything from a “great vampire squid” to the “root of all evil.” But the calls for punishment against Goldman hasn’t hurt its ability to hire the best on the Street.

While there is a general feeling of anger for anything Wall Street there’s seems to be a separate feeling of fury and hate set aside just for Goldman Sachs. Bank of America and JPMorgan Chase might have improperly foreclosed on thousands or millions of homeowners across the country but Goldman..well, Goldman is an animal of its own. It’s comes off as indestructible and appears unfazed by much of anything which is why we might enjoy it a little more when it’s a the center of investigations, civil and criminal suits, settlements and probes.

Has that hurt Goldman’s ability to hire the best on the Street? Nope.

“It’s hard to imagine anyone on Wall Street who would make the decision [to turn down a job offer at Goldman Sachs because of bad press]. I haven’t come across anyone who has,” says Constance Melrose eFinancial Careers’ managing director for North America.

“You get paid three ways on Wall Street: what you earn, what you learn and who you meet. That’s the motivation for professionals on Wall Street, and they know that what they learn at Goldman and who they meet at Goldman will reward their careers,” Melrose adds.

Don't stop now. Read more at:
http://blogs.forbes.com/halahtouryalai/2011/05/20/goldman-hate-rages-on-but-would-anyone-turn-down-a-goldman-job-offer/

No comments:

Post a Comment