Bear Stearns

  www.bearstearns.com
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Bear Stearns Reviews

Updated June 17, 2014
Updated June 17, 2014
55 Reviews

3.2
55 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bear Stearns Chairman, Bear Stearns Companies and Bear, Stearns & Co. Jimmy Cayne
Jimmy Cayne
16 Ratings

Employee Reviews

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  1.  

    Corruption

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

    Pros

    Good cafeteria food. Nice interiors.

    Cons

    A culture of egotism, elitism, and entitlement.

    Advice to ManagementAdvice

    What goes around already came around!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    If you're in the "in" crowd it is great

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

    Pros

    Flat organization where you can make something happen if you are willing to push. Can be highly rewarded for your contributions.

    Cons

    If you are not someone's "pet" it is difficult to get things done. Everyone wants to challenge, sometimes people seem to think that they are rewarded for being obnoxious.

    Advice to ManagementAdvice

    Need to open the organization to new ideas and new blood. People should not be in the same job for life.

    Doesn't Recommend
    No opinion of CEO
  3.  

    Not satisfied former emp

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

    Pros

    Reasonably good compensation, looks good on resume

    Cons

    Disorganized, random career outcomes as each group is fiefdom

    Advice to ManagementAdvice

    need to think about who is promoted to middle management roles

    Doesn't Recommend
    Disapproves of CEO
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  5.  

    It doesn't exist anymore

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great place to work. Really nice people.

    Cons

    Unfortunately, it doesn't exist anymore.

    Advice to ManagementAdvice

    Keep it real.

  6.  

    Bear Stearns IT STaff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

    Pros

    People were good to work locally
    Starting pay was usually commensurate with the industry

    Cons

    Compensation was always an issue - bonus' were very meek to IT staff even in good markets and raises were not granted - all pay treatment was done as bonus
    No 401K match
    No pension -profit sharing and that was not very good either
    Frequently changing benefit providers
    Bonus' were mostly distibuted based on who you knew rather than what you did
    They often made rules but when a senior exec challenged a rule when trying to enforce it they would rarely if ever back local managers
    Some staff at some sites were outsourced and others were not, also done based on popularity of the local site managment with NY

    Advice to ManagementAdvice

    Develop skills for managing IT with the business side of the compnay so they will buy into projects and establish rules that can be universally implemented

    Doesn't Recommend
    No opinion of CEO
  7.  

    Interns treated with disrespect

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Cleveland, OH
    Former Employee - Anonymous Employee in Cleveland, OH

    Pros

    No micro-managing. It looks good on a resume. You can get a little training on their Bloomberg terminal if you want.

    Cons

    The MD's didn't care about anyone but themselves. It was hard to come in every day and greet people who didn't care about your work

    Advice to ManagementAdvice

    I would ask that they try a little harder to provide a position experience for those who choose to spend their time there.

    Doesn't Recommend
    Disapproves of CEO
  8.  

    bear stearns think before u join the bear

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

    Pros

    the compensation and bonus were the twilight

    Cons

    the work hours no work after life and no going forward

    Advice to ManagementAdvice

    stop behaving as if u are the best on the street

    Recommends
    No opinion of CEO
  9.  

    Understandable why they failed.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Equity Research Associate  in  New York, NY
    Former Employee - Equity Research Associate in New York, NY

    Pros

    It was just like the other investment banks, banks which no longer exist in the form they had when I worked on the Street.

    Cons

    The downsides to working at Bear included the lack of interest from management to the impact of their decisions on those under them. I worked for a boss who took 100% of the credit for the activities of his staff and instructed his staff on how to cover for his time outside of the office.

    Advice to ManagementAdvice

    I would suggest that senior management learn to pay more attention to the skills and opinions of those under them and to never forget that they just may not be the most important or intelligent people in the room.

    Doesn't Recommend
    Disapproves of CEO
  10.  

    Great place to work

    Former Employee - Associate (Financial Analyst)  in  New York, NY
    Former Employee - Associate (Financial Analyst) in New York, NY

    Pros

    salary comp are mostly in line with street

    Cons

    hours are very long compared to other jobs

  11.  

    Executive Assistant

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

    Pros

    Great team and office culture

    Cons

    Work-life balance was just "OK"

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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