• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

Home » Articles » Goldman Sachs’ approach to outsourcing

Goldman Sachs’ approach to outsourcing

goldman sachs

goldman sachs logo

Goldman Sachs may be headquartered in New York City, but its second biggest office is in Bengaluru, India. The city is among the finance company’s strategic low-cost locations, handling a variety of service and support related work, mostly in the technical discipline. It employs approximately 5,700 here, more than the 2,200 currently working at the Salt Lake City office and a fewer – 730 people – on the company’s payroll in Dallas. In total, about 41 per cent of Goldman Sachs’ staff is based out of these locations. The company also maintains operations in Warsaw and Singapore.

 

Goldman Sachs leads the banking industry in outsourcing

Going by the available figures, Goldman Sachs employs over 9,000 at the low-cost locations, only a few short of the 10,000 working out of its NYC and Jersey City offices. Hiring has only increased over the past five years, setting a trend that has also seen the likes of Morgan Stanley, UBS and Deutsche Bank either going the same route or planning a move sometime in the near future.

Goldman sachs logo with american flag

Understandably, outsourcing to low-cost cities and countries benefits the bottom line. The most perplexing cost issue for large banking and financial institutions relates to infrastructure. The rationale is: why not outsource where the same job can be performed just as competently at a less expensive state-of-the-art facility?

Get 3 free quotes 2,300+ BPO SUPPLIERS

 

Business leaders and opinions on outsourcing

See what other business titans, and world-leading businesses, think about outsourcing – we’ve written an article summarising the thoughts of Warren Buffet, Elon Musk, Rupert Murdoch, Nike, and more… read it now.

 

Comprehensive list of outsourcing quotes

We have compiled the most comprehensive list of outsourcing business quotes. Some of the most famous names in businesses are included here:  Stephen Covey, Peter Drucker, Steve Jobs, Barak Obama and more… read them now.

Get Inside Outsourcing

An insider's view on why remote and offshore staffing is radically changing the future of work.

Order now

Start your
journey today

  • Independent
  • Secure
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO).

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between world-leading outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 450+ podcast episodes, and a comprehensive directory with 3,900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image