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

🤘Dejan Gajsek on LinkedIn: Have you ever heard of Goldman Sachs' 15-minute rule at Goldman Sachs?It… | 10 comments (1)

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

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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🤘Dejan Gajsek on LinkedIn: Have you ever heard of Goldman Sachs' 15-minute rule at Goldman Sachs?It… | 10 comments (6)

Bojan Straze

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

5mo

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.

🤘Dejan Gajsek on LinkedIn: Have you ever heard of Goldman Sachs' 15-minute rule at Goldman Sachs?It… | 10 comments (7)

Mike Freed

People Connector | Bookworm | Business Development Manager at EECOL Electric

5mo

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!

🤘Dejan Gajsek on LinkedIn: Have you ever heard of Goldman Sachs' 15-minute rule at Goldman Sachs?It… | 10 comments (8)

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

5mo

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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FAQs

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

The Goldman Sachs 15-Minute Rule You have to respond to an email within 15 minutes, no matter what. Even if that just means acknowledging the email and saying "Will be back shortly on this". It's an unspoken rule.

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.

How stressful is Goldman Sachs? ›

The analysts rated their job satisfaction as two out of 10 and said they were unlikely to stay at Goldman in six months if working conditions remained the same. In addition to the long hours, the analysts cited unrealistic deadlines, being ignored in meetings and micromanagement as major sources of stress.

What is so special about Goldman Sachs? ›

Drawing on over 150 years of experience working with the world's leading businesses, entrepreneurs, and institutions, we mobilize our people, culture, technologies, and ideas to advance the success of our clients, broaden individual prosperity, and accelerate economic progress for all.

Is Goldman Sachs hard to get? ›

Goldman Sachs is one of the oldest and most prestigious investment banks on Wall Street. With hundreds or thousands of applicants for every job opening, getting into this company is notoriously hard.

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

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.

What is the 5 minute rule? ›

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. If, after five minutes, it's so horrible that you have to stop, you're free to do so. Mission accomplished.

What is the 15 minute therapy rule? ›

To calculate the number of billable units for a date of service, providers must add up the total minutes of skilled, one-on-one therapy and divide that total by 15. If eight or more minutes remain, you can bill one more unit. Otherwise, you cannot.

What is the 24 hour reply rule? ›

This rule isn't about me needing to reply to an email in under 24 hours (my general policy is to reply to all member email within 12 hours, if possible). No, the “24-Hour Reply Rule” is this: When emotions are heated, don't reply for 24 hours.

What is the Goldman Sachs controversy? ›

The company has been criticized for lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation.

What are the weaknesses of Goldman Sachs? ›

Market Volatility and Economic Uncertainty: GS operates in an environment where market volatility and economic uncertainty can significantly impact its business segments. Fluctuations in interest rates, currency exchange rates, and commodity prices can affect the firm's trading and investment banking activities.

How prestigious is Goldman? ›

Bankers continue to regard Goldman Sachs as the world's most prestigious bank, followed (as always) by Morgan Stanley and JP Morgan. Credit Suisse and UBS lost the most ground in 2022 while LionTree Advisors' reputation improved the most in the eyes of bankers.

Is Goldman Sachs worth joining? ›

Goldman Sachs Reviews FAQs

Goldman Sachs has an overall rating of 3.8 out of 5, based on over 19,401 reviews left anonymously by employees. 69% of employees would recommend working at Goldman Sachs to a friend and 59% have a positive outlook for the business. This rating has decreased by 1% over the last 12 months.

Why is Goldman Sachs calling me? ›

Fraudsters may pose as legitimate organizations, like Goldman Sachs, and create fraudulent websites, send emails, or make phone calls to solicit monetary payments. These scams are complex as the perpetrators often use genuine real employee names and replicate proprietary documentation.

Is Marcus by Goldman Sachs safe? ›

Yes, Marcus by Goldman Sachs is secure and safe to bank with. For one, accounts with Marcus are insured by the Federal Deposit Insurance Corp.

How long does 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.

What is the Goldman Sachs email 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.

Who is the longest serving employee at Goldman Sachs? ›

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

What is Goldman Sachs acceptance rate? ›

1.27% 👌). This might be easier than the past, though. In 2016, the bank received 250,000 applicants to its job openings, as per the Financial Times. If you want a job at Goldman Sachs it will help to have a good CV.

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