Goldman Sachs vs JPMorgan: Working Culture and Values

healthcare marketing

Knowing that Goldman Sachs and JPMorgan are the two biggest global investment banking firms, will it interest you to know the working culture both companies maintain? When it comes to stock performance, you might be aware that these companies recorded increasing stocks from 2017 to 2021. While JPMorgan shares have grown 148% over the last five years, Goldman Sachs shares have also seen a tremendous rise of 131%.

It may also interest you that in 2022, stock prices fell for both companies. The most probable reasons cited include rising inflation and the Federal Reserve interest rate. With DJIA falling 9% during the year, Goldman Sachs and JP Morgan stock dropped significantly by year-end.

Now, it is the time to delve deeper and learn more about the differences in their working culture, working style, salary, company values, etc.

Goldman Sachs Group, Inc.

♣️ About the Company:

The Goldman Sachs Group, Inc., is a leading global financial institution. Founded in 1869 in New York, it has offices worldwide.

The company offers its big client base a large range of financial services. The company offers the best services to its global clients like big corporations, financial institutions, governments, private companies, and high-net-worth individuals.

♣️ Company’s Belief:

The Goldman Sachs Group, Inc. aims to become the world’s most exceptional firm. To fulfill its objectives, the company believes in and practices the values of partnership, integrity, client service, and excellence. The company has experience working with the world’s leading entrepreneurs and institutions. The firm propagates strong cultural values, innovates new technologies, and improves ideas to promote clients’ success. The firm also believes in broadening individual prosperity and economic progress.

♣️ Working Culture:

The company’s prime focus is its ‘people’ or ‘employees’. Their people are the greatest assets. The company leaders ensure that they provide the best working environment to their people so that they can work with complete determination and dedication toward the company’s growth.

The company has been successful in maintaining a culture of teamwork. Thousands of Goldman Sachs employees work together and serve esteemed clients. Due to the favorable working conditions, the employees can innovate ideas and record extraordinary achievements.

JPMorgan Chase & Co.

♣️ About the Company:

JPMorgan Chase & Co. is one of the world’s oldest and largest financial institutions. It began in 1799 in New York City when J.P. Morgan & Co. and the Chase Manhattan Bank merged. More than 1,200 institutions joined to make JPMorgan what it is today!

♣️ Company’s Belief:

The company’s belief in financial innovation and commitment to contributing to the global economy made the firm the most respected financial services company worldwide. The Chairman and CEO of JPMorgan Chase & Co., Jamie Dimon, believes in maintaining a healthy, vibrant, and responsible company.

♣️ Working Culture:

In this complex global economy, the company’s success depends on supporting the growth of its employees. The staff must adhere to the company’s core principles, deliver exceptional client service, and work responsibly. The company follows diversity, equity, and inclusion norms while recruiting its people. It provides acknowledgment, rewards, and support to its employees and helps them generate long-term value for company shareholders.

Goldman Sachs v/s JPMorgan: The Comparison.

Here we compare the two:

♣️ Company Ratings

Both Goldman Sachs and JPMorgan Chase & Co. enjoy an overall rating of 3.9 stars. The former has a rating of 3.2 stars for work-life balance, while the latter has 3.7 stars. Goldman Sachs’s rating of compensation and benefits is 3.9, and JPMorgan’s is 3.8. More than half of Goldman Sachs employees feel that they are paid fairly, and same is the case with JPMorgan Chase & Co.

♣️ Salaries

Comparing three jobs between the two companies, J.P. Morgan’s average salaries were 7k USD more than Goldman Sachs. The position of Associate at JPMorgan offers a salary of USD 1L-USD1.2 L per year. Associate in Goldman Sachs offers a salary of USD 94k per year. Investment Banking Analyst salary is around USD 1L to USD 1.5L per year at JPMorgan and USD 140k to USD 200k annually at Goldman Sachs. The salary for the Vice President is quite similar in both organizations. They draw USD 2L to USD 3L annually in both the organizations.

♣️ Employee Reviews

Most J.P. Morgan employees say that the company has a great working culture, and Goldman Sachs employees say that the company offers a good work-life balance.

♣️ Job Openings

Currently, Goldman Sachs has posted more job openings than J.P. Morgan.

Wrapping Up

Both companies project that inflation will level now and the market will become less turbulent. This will lead to the creation of more jobs, and investment banking professionals can have the opportunity to work with the finest firms ever!