Bear Stearns

  www.bearstearns.com
  www.bearstearns.com

Bear Stearns Reviews

Updated November 7, 2014
Updated November 7, 2014
57 Reviews
3.3
57 Reviews
Rating Trends

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

Employee Reviews

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  1.  

    Both challenging and rewarding

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

    I worked at Bear Stearns

    Pros

    The 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.

    Cons

    The 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 ManagementAdvice

    Well, 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".

    Recommends
    Approves of CEO
  2.  

    Was a great Place to work. Shame what happened with JPMorgan and all.

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

    I worked at Bear Stearns

    Pros

    Family atmosphere and a great team spirit..we worked for each other not simply for the firm.

    Cons

    Lack of liquidity. Run on the bank.

    Advice to ManagementAdvice

    Cash is King.

    Recommends
    No opinion of CEO
  3.  

    the good company to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President in Hong Kong (Hong Kong)
    Current Employee - Vice President in Hong Kong (Hong Kong)

    I have been working at Bear Stearns

    Pros

    people are nice and environment is dynamic and active. During the last few years with Bear Stearns, I met a lot of great people there. As a number 5th investment bank firm (of couse it is the history), the long history of the firm brought me into the world of trading US investment bank environment. I was working in Security Transaction department and be responsible to equity trading. Different from other investment banks I worked, here they worked in the way of relationship first approach and I am not the right person to comment if it is a good approach as there is no chance to change and test it for differnece. But I loved the enviroment indeed to work out the business in friendship and brotherhood.

    Cons

    less organized and with more ad-ho issues to handle

    Advice to ManagementAdvice

    pay more attension to the middle level staff growth

    Recommends
    Approves of CEO
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  5.  

    Great first job

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

    I worked at Bear Stearns

    Pros

    The people make great co-workers and has a small firm feel. The parties weren't cheezy corporate but fun, that you wanted to be apart of.

    Cons

    It reminded me of the t.v. show, Mad Men, when men had certain bigger roles and woman reported to the men. All men are brokers and all woman are sale assistants, period. The sales assistants don't have much room for career growth and at times, don't feel as appreciated as they should. There is also very little diversity regards to race.

    Advice to ManagementAdvice

    Be more connected with lower assistants as they might have more influence than you think.

    Recommends
    No opinion of CEO
  6.  

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

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

    I worked at Bear Stearns

    Pros

    Great 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.

    Cons

    The 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 ManagementAdvice

    Give more feedback to junior people.

    Disapproves of CEO
  7.  

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

    • 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

    I worked at Bear Stearns

    Pros

    The 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.

    Cons

    I 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 ManagementAdvice

    Need to compensate your talents better.

    Recommends
    Disapproves of CEO
  8.  

    Great place to work

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

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

    Pros

    salary comp are mostly in line with street

    Cons

    hours are very long compared to other jobs

  9.  

    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

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

    Pros

    Great team and office culture

    Cons

    Work-life balance was just "OK"

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Finance

    Former Employee - Finance Associate in New York, NY
    Former Employee - Finance Associate in New York, NY

    I worked at Bear Stearns full-time (more than an year)

    Pros

    entrepreneurial and strong team culture. Upward mobility and pro-active growth model

    Cons

    does not exist anymore. Financial collape

  11.  

    Wild wild west...

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

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

    Pros

    - Very entrepreneurial.
    - Family feel

    Cons

    - Top management incompetent.
    - Very New-York based. Thus, treats other offices (e.g. Chicago) with neglect.

    Advice to ManagementAdvice

    Too bad you couldn't change your actions before the company went down in flames.

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