AllianceBernstein Reviews

Updated March 25, 2015
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3.1
225 Reviews
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AllianceBernstein Chairman and CEO Peter S. Kraus
Peter S. Kraus
118 Ratings

Pros
  • good work-life balance, friendly colleagues (in 15 reviews)

  • Known for their research, AB has some very smart people on board (in 15 reviews)

Cons
  • Senior management missteps with outsourcing staff to State Street (in 19 reviews)

  • Alliance Bernstein allows lets lower level employees work on higher level projects (this can be viewed as either a pro or a con) (in 5 reviews)

More Pros and Cons

Employee Reviews

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  1. Great Place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Senior Designer in New York, NY
    Former Contractor - Senior Designer in New York, NY

    I worked at AllianceBernstein as a contractor (less than a year)

    Pros

    At alliance Bernstein, there is a strong demand for high quality design. Really great team of creative individuals. And you truly get to own the design process from start to finish.

    Cons

    The biggest challenge is the physical distance between the creative individuals. So the communication between the creative and management tends to default into email response.

    Advice to ManagementAdvice

    Create more opportunities to face to face collaboration.

    Recommends
    Positive Outlook
    Approves of CEO
  2. Outdated Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Private Client Associate
    Former Employee - Private Client Associate

    I worked at AllianceBernstein

    Pros

    Decent work-life balance compared to other firms

    Cons

    Technology used in office is antiquated, which makes the daily lives of associates frustrating. AllianceBernstein did not seem to want employees to take actions outside of the job description, meaning you are hired for a very specific purpose, and often feel like a cog in the wheel. Management didn't seem dedicated to investing time or energy in young employees' futures at the company, which led to many people actively seeking opportunities at other firms.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. OK firm to start your career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fixed Income Summer Associate in New York, NY
    Former Employee - Fixed Income Summer Associate in New York, NY

    I worked at AllianceBernstein

    Pros

    Nice People, good work and life balance. Steep learning curve. Internship program let you explore different areas within the asset management.

    Cons

    Pay is below the par, not much mobility. Rotational program's pay is below other asset management firms. Management can be arrogant sometime.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President - Operations in White Plains, NY
    Former Employee - Vice President - Operations in White Plains, NY

    I worked at AllianceBernstein full-time (more than 3 years)

    Pros

    Formerly two great companies that struggled for many years after their merger. Took a tremendous hit during the market down turn losing three-quarters of their assets. Began a multi-year rebuilding processes after replacing the CEO and many top positions. Operations was sold to State Street which has provided more training and leadership that existed before. Solid company. Good business prospects. Very good opportunities to learn from State Street staff around the world and transfer to other State Street Operations locations.

    Cons

    Operations is now an outsourced resource. It is more difficult than before to transfer to other positions withing the company, e.g. research, trading, sale & marketing.

    Advice to ManagementAdvice

    Focus on the areas of success across the organization and develop them further. Avoid temptations to return to the financial services supermarket model of providing a complete set of products to individuals and institutions around the world.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. Satisfactory

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AllianceBernstein

    Pros

    training, industry knowledge and multiple locations

    Cons

    selective advancement, limited diversity and low salary for staff

  7. Good work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AllianceBernstein

    Pros

    Good work life balance. Many good people.

    Cons

    Limited career opportunities regardless of merit or how hard you work. Many fiefdoms. Very political.

    Advice to ManagementAdvice

    Why has the stock languished while senior management makes millions?

    Doesn't Recommend
    Neutral Outlook
  8. Best years are behind it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at AllianceBernstein

    Pros

    Solid brand reputation on the street

    Cons

    Below market compensation, extremely conservative corporate culture, working in silence, investment in technology a low priority

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. Great Place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Private Client in New York, NY
    Former Employee - Private Client in New York, NY

    I worked at AllianceBernstein full-time (more than 5 years)

    Pros

    Smart People, great culture, client focused. Dedicated to developing you as a professional if you are a strong performer who works hard.

    Cons

    Competitive, high expectations. People are nice, but management can be tight knit, though helpful and focused on improving talent

    Recommends
    Positive Outlook
    Approves of CEO
  10. Lags its peer group since 2008

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at AllianceBernstein

    Pros

    There are a lot of talented people doing the work. You can learn from clients and the good people - not sr management. Sr management will take all the credit and leave your managers to make all decisions because it could go badly.

    Cons

    Sr management refuses to deal with horrible performance of stock funds. This co is a sales company not a good money manager but technology and sales are always shorted in favor of paying the same investment people for their excuses. Decisions are made over years because accountability is no way to get ahead. Technology jobs sent offshore then back then again and the whole thing died over years for lack of leadership.

    Advice to ManagementAdvice

    Face the real problem by trying to understand why assets have not grown compared to your peers then clean house.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. Great Work/Life Balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Operations Analyst in White Plains, NY
    Former Intern - Operations Analyst in White Plains, NY

    I worked at AllianceBernstein as an intern (less than a year)

    Pros

    Great work/life balance. Nice, open people.

    Cons

    Not enough ability to move up.

    Recommends
    Neutral Outlook
    Approves of CEO

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