🤘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 reply rule? ›

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 15-minute rule? ›

Ghrelin is made in your stomach and signals your brain when you're hungry. Understanding the 15-minute rule is crucial because after the food is eaten, it takes about 15 minutes for the sugar to get into your blood. Then, if you do not feel better within those 15 minutes more food can be consumed.

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? ›

With hundreds or thousands of applicants for every job opening, getting into this company is notoriously hard. The study says that Goldman receives at least 300 applications at every job it posts while the hiring percentage remains 0.33%. But last year, the job application acceptance rates rose to 1.27%.

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 24-hour reply rule? ›

The 24-hour rule tells you that you need to take 24 hours before you have the conversation so that you don't react impulsively, don't say or do anything you'll regret, and keep your reputation intact.

How long is it OK to not reply? ›

Reply within 30–60 minutes to play it a little cool.

While it's okay to reply later if you're actually busy, purposefully waiting to text somebody might feel disrespectful if you're available. If you had to make the person wait for more than an hour, offer them an apology and explain what kept you from messaging them.

How long is too long without a reply? ›

A week gives the person enough time to thoughtfully respond.

Even though it's a little old-fashioned, some people will wait 3 days after a date to text you back to make you miss them more. Waiting any longer than a week could be a sign they're not interested, and it might be best to let the conversation die out.

What is the 7 15-minute rule? ›

15-minute rounding

On top of that, many payroll management systems use 15-minute intervals. In applying the 15-minute limit for rounding, you should also follow the time clock 7-minute rule. It guides whether to round the time down or up. If the clocked time is below the 7-minute mark, choose the previous quarter-hour.

Can you really leave class after 15 minutes? ›

If a Teacher is 15 Minutes Late, Can You Leave? Generally, you cannot because this policy does not apply to all schools. Unless your school policy has this, you cannot leave the classroom and will have to wait for the teacher. If, during the entire period, your teacher doesn't show up, then that's too bad.

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? ›

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 Goldman Sachs a good bank? ›

Key Takeaways: Marcus by Goldman Sachs receives 4.4 out of 5 stars from the MarketWatch Guides team for its digital banking experience and savings products. The online bank excels for its competitive savings rates, no monthly fees and 24/7 customer service.

What is the response time for Goldman Sachs? ›

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.

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

How long does it take to hear back from a Superday? Following a Superday, candidates that have been selected to receive an offer tend to hear from the organization rather quickly – typically within 24 to 48 hours.

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.

Who is the longest serving employee at Goldman Sachs? ›

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

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