AllianceBernstein

  www.alliancebernstein.com
  www.alliancebernstein.com

AllianceBernstein Reviews

Updated December 8, 2014
Updated December 8, 2014
219 Reviews
3.2
219 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
AllianceBernstein Chairman and CEO Peter S. Kraus
Peter S. Kraus
118 Ratings

Review Highlights

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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Amazing place to work

    • 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 full-time (more than 5 years)

    Pros

    Caring workplace with flexible options...

    Cons

    No work from home option...

    Recommends
    Positive Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Don't Bother

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

    I worked at AllianceBernstein full-time (less than an year)

    Pros

    No pros at this time

    Cons

    4 days after I was hired I was informed that the department was being absorbed by another company, which they knew when they hired me but of course did not inform me. I left 6 months later. A month after I left 100 people were let go.

    In addition, the work environment is by far the worst I have ever worked in. No one spoke to one another, ever. Everyone was miserable. And there was zero training available. Every time I asked someone to train me on what I needed to do for the job they were always too busy.

    Advice to ManagementAdvice

    Fix the work environment

    Doesn't Recommend
    Negative Outlook
  3. 2 people found this helpful  

    Bureaucratic and old-fashioned, but hours are reasonable for a Wall Street job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President, Fixed Income Technology in New York, NY
    Current Employee - Vice President, Fixed Income Technology in New York, NY

    I have been working at AllianceBernstein full-time (more than 3 years)

    Pros

    I've worked at 2 major investment banksand 2 hedge funds. AllianceBernstein has the best hours, fairly nice offices, a great cafeteria, and a fairly relaxed atmosphere. Managers don't yell and tend not to make unreasonable demands.

    Cons

    I find my colleagues the least capable of the places I've worked. One or two are probably of average intelligence, which is pretty dumb by New York banking standards. Simple tasks require extensive explanations, and even then they have difficulty. There is hardly any career development. The firm offers some training, but it's quite limited. No career path is outlined, not just for me but for anyone I've talked to. My boss lies somewhat often, but his boss seems honest as far as I can tell. It takes forever for projects to be completed, mostly because IT has low standing and investment managers can't bother to approve our work, even if they need it. Bureaucracy isn't awful, but it's more entrenched than it should be. Doing a good job is valued much less than towing the course.

    Advice to ManagementAdvice

    Include career development as a company goal; it would boost employee morale. Pay better.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Horrible Fit

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

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

    Pros

    Location
    Wide-spread Age Demographic
    Somewhat Intelligent and Personable People

    Cons

    Horrible Feedback Giving Culture
    Lack of Diversity
    Disjointed Culture
    Teamwork / Collaborative culture is fake

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    The company is ok

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

    I have been working at AllianceBernstein full-time (more than an year)

    Pros

    The interview process is very efficient

    Cons

    The method is little weird they use text message to inform me.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    AllianceBernstein provided me with invaluable accounting/reporting experience in the mutual funds industry.

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

    I worked at AllianceBernstein full-time (more than 10 years)

    Pros

    Company offers opportunities for career growth and exposure to most aspect of the business. There is a team environment and most managers/ supervisors are usually available to offer guidance to staff Employees are kept updated on developments within the organization. Company provides employees with online educational resources to increase industry/product knowlege. Good benefits package.

    Cons

    Inequitable compensation system; compensation is not awarded fairly. There is perceived subjectivity and favoritism as it regards performance evaluation and compensation. A panel of managers (not directly involved with staff) determine final evaluation of staff most times overriding the staff's direct manager's evaluation. Individuals who appear to be favorites of this team of managers are usually ranked higher than their less favorite/popular peers without merit.

    Advice to ManagementAdvice

    Human Capital should ensure fair treatment and compensation of all employees. The performance evaluation system needs to be revamped to ensure that employees are fairly evaluated by their direct managers and 360 evaluation given more weighting in final evaluation to ensure employee's protection from career sabotage by others who for reasons other than professional, may seek to stifle an individual's career/professional growth.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Great Training Program

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Employee - Summer Associate in Los Angeles, CA
    Former Employee - Summer Associate in Los Angeles, CA

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

    Pros

    research, white papers, people, and business infrastructure

    Cons

    Few opportunities for career advancement

    Advice to ManagementAdvice

    Sponsor summer interns for securities licenses

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Still looking for a turn around post Financial Crisis

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

    I worked at AllianceBernstein full-time

    Pros

    Their training is some of the best in the industry
    Back office support is excellent
    Clients appreciate their client first mentality

    Cons

    CRM program is clunky and cumbersome
    Your experience will definitely be Director/Manager specific as each office has a very different dynamic
    Pay for admin and support staff are below industry averages
    Work/Life balance is non-existent - if you have a life, get rid of it before coming on board

    Advice to ManagementAdvice

    There is trimming fat, and then there is cutting muscle. AUM is down and cutting to the core of your customer facing teams will not help in keeping clients.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  10.  

    Atrocious - avoid all aspects of AB at any cost

    • 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 full-time (more than an year)

    Pros

    seemed like a good place, but full of self-righteous management who will step in your way if they feel threatened

    Cons

    terrible management, bad outlook, declining AUM and fees....not looking good for AB

    Advice to ManagementAdvice

    grow a pair and stop cutting loose talent that you dont know how to manage. perhaps you should take a look at management instead of constantly cycling through support staff

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Where fun comes to D_e.

    • 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 full-time (more than 3 years)

    Pros

    If you like to work for dishonest managers, then it is a great place to be. You got to be lied too at least once a week.

    Cons

    They have hired numerous incapable managers. Liars , cheats and people ho had no regard to professional integrity .

    Advice to ManagementAdvice

    Get a glue.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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