Bear Stearns

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

Bear Stearns Reviews

Updated August 28, 2014
Updated August 28, 2014
56 Reviews
3.2
56 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

Sort: Popular Rating Date
  1.  

    Great

    • 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

    Smart folks, determined folks, great place

    Cons

    Very small liquidity problem- oh well

    Recommends
    Disapproves of CEO
  2.  

    Decent investment bank

    • 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

    Great 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.

    Cons

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

    Advice to ManagementAdvice

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

    Recommends
    Disapproves of CEO
  3.  

    Roller Coster Ride

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

    I worked at Bear Stearns

    Pros

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

    Cons

    too 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 ManagementAdvice

    Bone 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

    Doesn't Recommend
    Disapproves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Bear Market

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Derivative Operations Specialist
    Current Employee - Derivative Operations Specialist

    I have been working at Bear Stearns

    Pros

    The 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.

    Cons

    There 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 ManagementAdvice

    Encourage creativity and risk taking.

    No opinion of CEO
  6.  

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

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

    I worked at Bear Stearns

    Pros

    Bear 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.

    Cons

    It 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.

    Recommends
    Disapproves of CEO
  7.  

    Mediocrity

    • 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

    Was a decent place to get on the job training

    Cons

    lack of management ran the place into the ground

    Disapproves of CEO
  8.  

    Little teaching

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

    I worked at Bear Stearns

    Pros

    Nice severance packages for young employees

    Cons

    You gave out lots of severance packages

    Advice to ManagementAdvice

    Relax

    No opinion of CEO
  9.  

    Satisfactory

    • 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

    Competetive salaries. Great place to be a front office technologist

    Cons

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

    Approves of CEO
  10.  

    Independent working, no rewards

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

    I worked at Bear Stearns

    Pros

    Independent work atmosphere
    Good opportunity for OT

    Cons

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

    Advice to ManagementAdvice

    Company may have survived if upper management actually communicated with employees

    Doesn't Recommend
    Disapproves of CEO
  11.  

    Valuable

    • 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

    People, learning, culture, and compensation

    Cons

    Did not survive economic cycle

    Recommends
    No opinion of CEO

Worked for Bear Stearns? Contribute to the Community!

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