Disappointment Over Job Offer at Goldman Sachs
In recent years, Reddit has emerged as a vital platform for employees to share their workplace experiences. Users often turn to various subreddits to discuss job struggles, seek advice, and connect with others facing similar challenges. A recent post by a Redditor, known as No_Baby3592, highlights the frustrations many job seekers encounter. After a lengthy three-month wait, he received a formal job offer from Goldman Sachs, but it was not what he expected. The offer was for a lower designation and what he considered a “lowball” salary. This situation has sparked discussions among Reddit users about job offers, company culture, and the realities of the job market.
The Job Application Journey
No_Baby3592 applied for an Associate role in Compliance at Goldman Sachs’ Bengaluru office in October of the previous year. He felt confident after completing the interview process, which included solving data structure and algorithm problems and performing well in design rounds. After a week, he was asked to submit salary documents and appointment letters from previous employers. He complied, providing detailed information about his work history, which included 2.7 years of full-time experience and a six-month internship.
However, after submitting the required paperwork, he experienced a frustrating silence from the HR department. For three months, he received no updates or communication. Then, in mid-January, he finally heard back from the company. They sent him a link for an Analyst position and followed up with a phone call to confirm his interest. This communication led to the formal job offer, but it was for a downgraded position compared to what he initially applied for.
The Offer and Its Implications
The job offer extended to No_Baby3592 included a fixed salary of Rs 25 lakh per annum, which represented an 87% increase from his current pay. However, he was disappointed to find that the offer was for an Analyst position rather than the Associate role he had interviewed for. He felt that the HR department had undervalued his experience by not considering his internship as relevant. This led him to believe that the offer was a “lowball” and prompted him to seek advice on Reddit.
In addition to the downgraded position, the candidate was also frustrated by the lack of clarity regarding a promised Rs 5 lakh bonus. Although the HR representative verbally assured him of the bonus, it was not included in the official offer letter. When he requested written confirmation, the HR representative declined, stating that the bonus structure was the same for everyone in the firm. This lack of transparency raised concerns for No_Baby3592 about the company’s practices and whether he could trust the offer.
Seeking Advice from the Reddit Community
Feeling uncertain about the offer and the company’s culture, No_Baby3592 turned to Reddit for guidance. He questioned whether accepting the offer would be a wise decision, given the circumstances. As a backend developer with experience in Java, Spring Boot, AWS, and microservices, he wanted to know if he would be working on relevant projects or if he would be stuck with outdated technology.
The Reddit community responded with a mix of advice and opinions. Some users cautioned him to consider the long hours often expected in such roles, suggesting that he should calculate his salary based on a 50-55 hour work week rather than the standard 40 hours. Others pointed out that bonuses are not guaranteed and are often contingent on both company performance and individual contributions.
This discussion highlights the complexities of job offers in today’s competitive job market. It serves as a reminder for job seekers to thoroughly evaluate offers and seek clarity on any ambiguous terms before making a decision.
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