Bear Stearns Reviews

Updated March 29, 2015
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  1. Analyst at Bear

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

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

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Entrepreneurial, Fast paced, hard working, competitive

    Cons

    Hours, Fast paced, hard working, competitive

  2. 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 Management

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

  3. Bear Stearns & Co.

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

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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    awesome place to have worked at. To bad not around anymore. A lot of good people

    Cons

    Nothing wrong with this place. awesome place to have worked at. To bad not around anymore. A lot of good people

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  5. 8 year employee let go just before they went under

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

    I worked at Bear Stearns full-time (more than 8 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Bear was a great place to work when it came to using new technologies, broadening your skills, and having a lot of career opportunities. I started off as a relatively junior software programmer; in the course of just under 8 years I had been promoted to Associate Director and was doing some really incredible work. The company also had a lot of great people working there who I really enjoyed spending my days with.

    Cons

    In its final year or two, the company had turned into a meat grinder much like Goldman Sachs. 70-hour weeks were typical for me, along with loads of stress and ridiculously tight delivery deadlines. After putting in all that effort and making myself known as a stellar employee, the company laid me off along with several hundred others in the biggest such layoff the company had ever done. Four months later they were gone and absorbed by JP Morgan Chase.

  6. A very good place to work

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

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    They were very friendly
    Good support networks

    Cons

    Very agressive style
    Eat or be eaten

    Advice to Management

    They could be more friendly and involved

  7. Culture was eroding along with the balance sheet in 2007-2008.

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

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

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Mostly no BS approach to getting things done. Anyone in the firm would respond to you if you called.

    Cons

    Culture of promoting from within was largely thrown out the window.

    Advice to Management

    It's already over, so no point.

  8. great while it lasted

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

    I worked at Bear Stearns

    Pros

    awesome pay bonuses no limit on meals

    Cons

    they went out of business

    Advice to Management

    hire a good attorney

  9. One of the best places to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Whippany, NJ
    Former Employee - Vice President in Whippany, NJ

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Very entrepreneurial. It was easy to come up with an idea and then "run for mayor". Teamwork was excellent and there were lots of really smart people until they starting turning. The effort to offshore was a total disaster and caused scores of top notch talent to leave (or they were fired).

    Cons

    The culture changed to being very short term minded. Senior management tried to save to money and "save their way to prosperity", They got dumber by the day and it was not a surprise when they really ran into trouble.

    Advice to Management

    think of the health of the company long term

  10. 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

    Recommends
    Disapproves of CEO
    Recommends
    Disapproves of CEO

    Pros

    Smart folks, determined folks, great place

    Cons

    Very small liquidity problem- oh well

  11. 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

    Recommends
    Disapproves of CEO
    Recommends
    Disapproves of CEO

    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 Management

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

Bear Stearns Photos

3 billion dollar building

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