I have read many books about Wall Street and have friends who work there and have always been amazed at how many firms seem to look up to and want to emulate Goldman Sachs. From the now defunct Merrill Lynch and Lehman Bros. and even such august firms as Lazard Freres, the old-school Paine Webber, and yeah even Citi Bank/Group, Morgan Stanley et al, they all seem to have this mystique -like view of GS. Some may be biased, but can anyone tell me what the frig makes GS such a "legend" on WS?

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I’ve worked at GS…it’s not as special as they make it out to be

I kind of thought that, but I have never worked there. Thanks!

I well and truly disagree with this nowadays tbh.

I work in IB where this kind of clout/rep probably is blabbed about the loudest and the tides have definitely turned.

I think realistically, people jump ship all the time and all banks are just as good (or bad) as each other. Teams within banks and individual ("rainmakers") are what carry reputation/credibility in my opinion.

For eg, Goldman/Morg Stan's TMT is well-known as one of the best on Wall st. and that comes with gruelling hours etc, but then some of these boutiques or even other 'less sexy' big banks may fare better in other products

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