🤘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 |

5mo

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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

5mo

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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

5mo

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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 (43)

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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.

What is the 15-minute rule? ›

Caroline Buchanan, a journalist and author of The 15-Minute Rule — How to Stop Procrastinating and Take Control of your Life, believes that her 15-minute rule is “nothing short of life-changing.” She suggests setting a timer for 15-minutes and doing only your task until the timer is up.

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.

How did Stephanie Cohen go from All in on Goldman to Goodbye? ›

Cohen has quit. In doing so, she's managed to disavow the problems with the division she worked in while she was there, to communicate that they really did want to keep her, to say how wonderful Goldman Sachs is, and to express that she'll have a much bigger sense of purpose somewhere else.

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 it hard to get an offer from Goldman Sachs? ›

Getting a job at Goldman Sachs can be hard. In 2021, Goldman Sachs hired only three percent of all job applicants, which numbered roughly 267,000. Getting an internship at this investment bank is no less competitive.

What is the 7 15 minute rule? ›

The highest roundup that employees can do legally is 15 minutes. You are not allowed to round up or down to, say 30, or 60-minute increments. To comply with the 15-minute limit, you must also follow the 7-minute rule, which means using the 7-minute mark as a guide in the rounding process.

What is the 15 minute rule ask for help? ›

In brief, it's where we advise you to drop everything, become 100% focused on the problem and try to come up with a solution. If, after 15 minutes, you can't solve the problem, then it's time to ask someone for help. Your time is valuable (particularly if you are paid to work on a project).

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.

Is it hard to crack Goldman Sachs interview? ›

Goldman Sachs is well known for their lengthy interview process. There's no denying it. GS interview process is really, really tough but it's certainly not impossible as applicants have proved it in the past and so has Nithin who hails from Bangalore and is studying at NITK Surathkal.

Is it easy 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.

Do all Goldman Sachs applicants get a HireVue? ›

When applying for an internship or junior role at Goldman Sachs, the recruiting process starts with an application, then you will have a Hirevue video interview, then be invited to an assessment day (also known as Superday), and then finally, receive an offer for the position.

Is Stephanie Cohen leaving Goldman Sachs? ›

March 18 (Reuters) - Goldman Sachs' Stephanie Cohen, global head of its platform solutions division, became the latest executive to depart the Wall Street giant on Monday after a series of senior exits.

Who is the woman leaving Goldman Sachs? ›

Stephanie Cohen, once one of the most powerful women at Goldman, left in March and is currently chief strategy officer of Cloudflare.

Did Stephanie Cohen exit Goldman Sachs for strategy role at Cloudflare? ›

Stephanie Cohen, a veteran Goldman Sachs Group Inc. executive, is formally leaving the firm after nearly a year of absence from her role running the Wall Street giant's expansion into retail banking. Cohen, who had gone on leave in 2023, elected not to return and will join software company Cloudflare Inc.

How long does Goldman Sachs take to reply? ›

Response Time After GS Interview

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 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.

Is Goldman too big to fail? ›

Companies Considered Too Big to Fail

Bank of America Corp. The Bank of New York Mellon Corp. Citigroup Inc. The Goldman Sachs Group Inc.

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