Bear Stearns

  www.bearstearns.com
Work in HR? Unlock Free Profile

Bear Stearns Reviews

Updated Jun 17, 2014
Bear Stearns – US – “3 billion dollar building”

All Employees Current Employees Only

3.4 55 reviews

25% Approve of the CEO

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

Jimmy Cayne

(16 ratings)

54% of employees recommend this company to a friend
55 Employee Reviews
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Decent investment bank

    Anonymous Employee (Former Employee) New York, NY

    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

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

     

    Roller Coster Ride

    Anonymous Employee (Former Employee)

    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

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

     

    Bear Market

    Derivative Operations Specialist (Current Employee)

    ProsThe environment was extremely laid-back yet very productive. A great thing is that most managers were completely hands out, which inspired subordinates to follow suit.

    ConsThere was not a premium put on being creative. In fact, falling in line with the status was seemingly better for your career. The pay was very low compared to similar positions at other financial institutions.

    Advice to Senior ManagementEncourage creativity and risk taking.

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Bear Stearns was a terrific place to work if you had the right work ethic.

    Managing Director (Former Employee)

    ProsBear Stearns provided you with the flexibility and freedom to perform your duties as you saw fit. You had just better be right. They trusted their managers and their employees but they monitored them closely to make sure everyone was doing the right thing. Management generally maintained close relationships with the people that worked for them, allowing those employees to voice their concerns and suggestions in a free environment without fear of retribution.

    ConsIt used to be that Bear prided itself on its PSD's and not its MBA's. That changed in recent years as MBA's became more prevalent and they just hired more MBAs. It became very difficult to work your way up the ladder. Their pay was great at high levels but not as competitive as the rest of the street. As a result, I think they ended up training a lot of people only to see them go out to the street.

    Yes, I would recommend this company to a friend

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

     

    Mediocrity

    Anonymous Employee (Former Employee) New York, NY

    ProsWas a decent place to get on the job training

    Conslack of management ran the place into the ground

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

     

    Little teaching

    Risk Analyst (Former Employee) New York, NY

    ProsNice severance packages for young employees

    ConsYou gave out lots of severance packages

    Advice to Senior ManagementRelax

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

     

    Satisfactory

    Anonymous Employee (Former Employee) New York, NY

    ProsCompetetive salaries. Great place to be a front office technologist

    ConsCulture needs a little tuning.
    Communication across tech teams not smooth enough( siloed )

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

     

    Independent working, no rewards

    Anonymous Employee (Former Employee)

    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

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

     

    Valuable

    Anonymous Employee (Former Employee) New York, NY

    ProsPeople, learning, culture, and compensation

    ConsDid not survive economic cycle

    Yes, I would recommend this company to a friend

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

     

    Both challenging and rewarding

    Anonymous Employee (Former Employee)

    ProsThe people. Was always a strong degree of camraderie in the organization. Given the flexibility to run your unit a a mini-business within the business as long as you operated professionally and withthe best interests of the firm as your guide. Work was both challenging and rewarding, both in stature and compensation.

    ConsThe firm's growth led to a geographic dispersion of employees over multiple sites. This detracted from the "family" atmosphere as communications suffered to a degree.

    Advice to Senior ManagementWell, this is all water under the bridge but management should have managed leverage better and not gotten caught up with "keeping up with the Joneses".

    Yes, I would recommend this company to a friend

Worked for Bear Stearns? Contribute to the Community!

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