🤘Dejan Gajsek on LinkedIn: Have you ever heard of Goldman Sachs' 15-minute rule at Goldman Sachs? It… | 10 comments (2024)

🤘Dejan Gajsek

Competitive intelligence and enablement service for B2B Tech Companies | Nosy by Nature

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Have you ever heard of Goldman Sachs' 15-minute rule at Goldman Sachs?It means you have to respond to an email in 15 minutes or less no matter what. It doesn't matter if you:- showering- hiking in the mountains- attending your son's wedding- saving someone from a drowning vehicleUnreasonable? Heck yeah.Borderline toxic? Most likely.The perfect recipe for burnout? You bet.It doesn't mean you should do it (I certainly wouldn't) but this practice exists.The embodiment of the Time Kills All Deals attitude.Other companies have their own "unreasonable" practices. Zappos Family of Companies has a 365-day return policyStarbucks offers a free drink if it's not perfectPatagonia has their Ironclad Guarantee repair serviceThe Ritz-Carlton Hotel Company, L.L.C. allows their employees to spend up to $2,000 to solve a customer problem without approvalOnce the product quality isn't a differentiating factor, the customer service and relationships are. What makes you different?

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Bojan Straze

Sales narrative for B2B products | Strategic messaging to get better customers faster | Positioning → stronger sales pitch → marketing content optimization → sales team training |

4mo

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It seems to me that in most industries quality is not a differentiating factor - yet in most companies they act as if quality is the ONLY differentiating factor. The companies you listed think out of the (quality) box when positioning themselves.

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Mike Freed

People Connector | Bookworm | Business Development Manager at EECOL Electric

4mo

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Speed is absolutely critical in business development. You don't have to have the full answer, just the acknowledgement that your customer is heard and that you are on the case.One organization shared they had a 2,000% increase in win rate whenever they were able to respond within 5 minutes of an inquiry. That's stuck with me since!

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Anf Chans ☕

Fractional CMO, B2B Marketing Consultant, and Content Creator for $1M+ Accounting & SaaS businesses. | Follow for posts about authentic networking and trust-based marketing

4mo

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Starbucksoffers a free drink if it's not perfect? I wasn't aware of this. I could have had many free drinks by now.

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🤘Dejan Gajsek on LinkedIn: Have you ever heard of Goldman Sachs' 15-minute rule at Goldman Sachs?

It… | 10 comments (2024)

FAQs

Does Goldman Sachs have a 15-minute response rule? ›

Have you ever heard of Goldman Sachs' 15-minute rule at Goldman Sachs? It means you have to respond to an email in 15 minutes or less no matter what. It doesn't matter if you: - showering - hiking in the mountains - attending your son's wedding - saving someone from a drowning vehicle Unreasonable?

What is the 15-minute response rule? ›

The 15-Minute Rule is a time-management technique used to manage tasks more efficiently. The concept is simple and involves dedicating at least 15 minutes to a specific task or project, no matter how large or daunting it may be.

Why does Goldman Sachs have a bad reputation? ›

Goldman was criticized for allegedly misleading its investors and profiting from the collapse of the mortgage market during the 2007–2008 financial crisis.

How to answer the why Goldman Sachs question? ›

A sample response is: “I am thrilled to interview for Goldman Sachs. The company's commitment to excellence and historical performance in finance made me realize that this is the firm for me. I am a hard worker, and I believe I embody the company's values.

Is Goldman Sachs hard to get approved for? ›

Goldman Sachs is the premier investment bank in the world. With an acceptance rate of roughly 4%, it's harder to get into Goldman than it is to get into Harvard or Yale. Let me share how to get a job at Goldman Sachs from someone who did.

Is Goldman Sachs a stressful job? ›

Working at Goldman Sachs can be difficult and stressful, especially in roles that require long hours and intense workloads.

Is the 5 minute rule real? ›

The 5-Minute Rule, which basically means “Just do it for five minutes” is actually a proven cognitive behavioral therapy technique that makes starting those tasks that have been looming, easy.

Does the 5 minute rule exist? ›

The 5-minute rule is one of a number of cognitive behavioral therapy techniques for procrastination. Using the 5-minute rule, you set a goal of doing whatever it is you would otherwise avoid, but you only do it for a set amount of time: five minutes.

What is the 15 minute rule ask for help? ›

Follow the “15-minute rule”

If you don't have an answer after 15 minutes, you must ask someone. It seems like a very simple maxim, but adhering to it can actually supercharge your own growth – you learn the value of self-sufficiency, but you are also forced to reach for the life raft when you need it.

What is the Goldman Sachs scandal? ›

According to court documents, between approximately 2009 and 2014, Ng Chong Hwa, aka Roger Ng, of Malaysia, and his co-conspirators laundered billions of dollars misappropriated and fraudulently diverted from 1MDB, including funds 1MDB raised in 2012 and 2013 through three bond transactions it executed with Goldman ...

What is the latest scandal of Goldman Sachs? ›

Goldman in 2020 agreed to settle with the DoJ for $2.9 billion and its Malaysian unit pleaded guilty to a corruption charge. Tim Leissner, a former Goldman partner, pleaded guilty in 2018 to conspiring to launder money and violate an anti-bribery law, and agreed to cooperate with prosecutors.

Is Goldman Sachs harder than Harvard? ›

Bagging a job at Goldman Sachs (GS)' is a phenomenon rarer than receiving an acceptance letter from Harvard University.

Is it hard to crack Goldman Sachs interview? ›

Is it easy to crack a Goldman Sachs interview? Interviews at Goldman Sach are quite similar to other good tech companies. It is not that difficult to crack. The interviewer only checks that you have the skills to solve challenges.

Is working at Goldman Sachs worth it? ›

Goldman Sachs has an employee rating of 3.8 out of 5 stars, based on 15,480 company reviews on Glassdoor which indicates that most employees have a good working experience there.

How to crack Goldman Sachs interview? ›

Our interviews tend to focus on real-world problems – we want to hear how you have and/or would navigate different work situations. Specific questions will be informed by the role and, of course, you should be prepared to speak about your own experiences.

How long do Goldman Sachs take to reply? ›

Generally, you will hear back from a front office GS super day within three days. However, some users found out less than 2 hours after their interview but some have said that the wait time can be between 1 week to 1 month. Our users shared experiences below.

How long does Goldman Sachs take to reply after hackerrank? ›

Once the assessment is completed, the information is evaluated along with other application material. You should hear an update from the campus recruiting team within three weeks. Make sure you check our candidate portal for real-time updates on the status of your application.

What are the odds of getting hired at Goldman Sachs? ›

Among the revelations is the fact that every open job at the bank receives 300 applicants, a number suggesting that the average person applying to work at the bank has only a 0.33% chance of being successful. The good news is that it's easier to get any job at Goldman than an internship in particular.

Who is the longest serving employee at Goldman Sachs? ›

Alfred Feld, Goldman's Longest-Serving Employee, Dies at 98.

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