Bear Stearns
3.5 of 5 26 reviews
www.bearstearns.com New York, NY 5000+ Employees

Bear Stearns Reviews

Updated Oct 29, 2013
Bear Stearns – US – “3 billion dollar building”

All Employees Current Employees Only

3.5 26 reviews

                             

25% Approve of the CEO

Bear Stearns Chairman, Bear Stearns Companies and Bear, Stearns & Co. Jimmy Cayne

Jimmy Cayne

(16 ratings)

65% of employees recommend this company to a friend
26 Employee Reviews
in
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Bear Stearns was a great place to work but too bad it does not exist anymore

Intern (Former Employee)
New York, NY

I worked at Bear Stearns

ProsGreat advancement in the industry, lots of learning, steep learning curve if you like that. Everyone told me that investment banking was the way to go and I can definitely see why. You learn so much and a lot is expected of you right from the start. You are surrounded by very very very smart people and you can learn a lot from them too. Then there is also the pay. You get paid a lot for the hours that you put in and it looks amazing on your resume to have a company like this on there to speak for you.

ConsThe fact that you really have no time for your family and friends really takes a toll on your lfestyle. I was only an intern there but I didn't have much of a chance to see people I cared about or work out.

Advice to Senior ManagementGive more feedback to junior people.

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Once upon a time, it used to be a great place to be....

Vice President (Former Employee)
New York, NY

I worked at Bear Stearns

ProsThe atmosphere was great. I loved to be around my co-workers. The job rewarded me as much growth as I wanted. I was given much responsibilities that people of my same age could not imagine. Although, things turned south starting last summer, I did miss my tenure with Bear prior to that.

ConsI think the pay is on the lower side of the Wall Street pay scale. Management is very capable but needs to pay better severance for the people they decide to get rid of. In addition, there is not much professional support network that promotes growth and advancement for young professionals.

Advice to Senior ManagementNeed to compensate your talents better.

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

 

great while it lasted

Anonymous Employee (Former Employee)

I worked at Bear Stearns

Prosawesome pay bonuses no limit on meals

Consthey went out of business

Advice to Senior Managementhire a good attorney

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Decent investment bank

Anonymous Employee (Former Employee)
New York, NY

I worked at Bear Stearns

ProsGreat reputation in TMT, which was a sector of choice for me. Enjoyed the chance to work on some specific deals that wouldn't have been available elsewhere.

ConsSame as any other investment bank. Senior bankers who's idea of development is to dish out hazing just as they received it.

Advice to Senior ManagementDon't bet the entire firm's existence on subprime RMBS credits is the first thought that comes to mind. And the second.

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Roller Coster Ride

Anonymous Employee (Former Employee)

I worked at Bear Stearns

ProsPromotes self initiative and outside the box thinking, which often times meant what connections you had to move ahead. Very entrapreneurial.

Constoo narcissistic for many people - Not so much what effort you put in but whether you're in a "sweet spot" regarding product in order to be successful. Upper management too concerned about tee-off times then how to move the business forward with integrity

Advice to Senior ManagementBone up on public relations and learn how to manage downward to the people who report to you, not upward to people who don't follow through on providing resources

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Mediocrity

Anonymous Employee (Former Employee)
New York, NY

I worked at Bear Stearns

ProsWas a decent place to get on the job training

Conslack of management ran the place into the ground

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Little teaching

Risk Analyst (Former Employee)
New York, NY

I worked at Bear Stearns

ProsNice severance packages for young employees

ConsYou gave out lots of severance packages

Advice to Senior ManagementRelax

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Independent working, no rewards

Anonymous Employee (Former Employee)

I worked at Bear Stearns

ProsIndependent work atmosphere
Good opportunity for OT

ConsLow base pay
Upper management too isolated from employees
Mediocre benefits
Lacked training opportunities
Limited promotion opportunities

Advice to Senior ManagementCompany may have survived if upper management actually communicated with employees

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Former Bear employee

Anonymous Employee (Former Employee)

I worked at Bear Stearns

ProsIt was a challenging work environment. Basically you got out of it what you put into it. Driven and motivated colleagues.

ConsBenefit plan was not that great. Only rewarded long term employees. Vacation time was among the worst I have seen.

Advice to Senior ManagementToo late to do Really anything. I would have treated all employees better and not just the long time employees.

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Equity Research

Associate (Former Employee)
New York, NY

I worked at Bear Stearns

ProsPay is good
Prestige is great
Responsibility is high
Network is strong
Always challenging and intellectually stimulating
at the center of the financial universe

Conscan't trust coworkers
Top Management only concerned with counting dollars
coworkers will do anything to get a better review and better bonus than you

Advice to Senior ManagementTry risk management and coming into the office. Try motivating people in ways other than paying the top 5% of people all of the bonuses

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review
RSS Feed Embed

Worked for Bear Stearns? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.

Glassdoor is your free inside look at Bear Stearns reviews and ratings — including employee satisfaction and approval rating for Bear Stearns CEO Jimmy Cayne. All 26 reviews posted anonymously by Bear Stearns employees.