There are newer employer reviews for AllianceBernstein
There are newer employer reviews for AllianceBernstein

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Seems to be turning the corner

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Associate in New York, NY
Current Employee - Associate in New York, NY
Recommends
Positive Outlook
Approves of CEO

I have been working at AllianceBernstein full-time (More than 3 years)

Pros

Great internal growth opportunities and commitment to retaining top talent. Sales and AUM seem to be turning to corner after a tough couple years. Senior management and many employees feel positive about the momentum and direction the company is going.

Cons

Still haven't fully shaken off the past couple years of outflows and layoffs. Certain groups still feeling pressure.

Advice to Management

Keep being supportive of key talent and keep employees engaged in recovery.

Other Employee Reviews for AllianceBernstein

  1. Helpful (1)

    Great People, Shitty Place to Work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in New York, NY
    Former Employee - Administrative Assistant in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at AllianceBernstein full-time (More than a year)

    Pros

    -People are intelligent, friendly, social, and know how to have fun -You can learn a lot if you seek out the tools to do so -Great benefits

    Cons

    At least in the Wealth Management dept, the morale is low. Very low. Support staff is not valued and the entire business operates around the Financial Advisors. Strategically, this does make sense because they're the ones bringing in the money. However, the complete lack of satisfaction felt by the assistants and the associates means that there is constant turnover and it often feels like the place is going to crumble within. Also, the talent metric (SMART Goals) that everyone is subjected to throughout the year is the biggest waste of time and energy. Middle management pool is bloated and lacks talent. The managers come off as ineffectual and unconcerned.

    Advice to Management

    OFFER SOLUTIONS and be an advocate for your people!


  2. Collaborative Culture, Poor Practices, and Firm is Going Through Adversity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fixed Income Associate in New York, NY
    Current Employee - Fixed Income Associate in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at AllianceBernstein full-time (More than 3 years)

    Pros

    Generally friendly colleagues, smart people in research and portfolio management, decent training programs, good entry level positions, and accessible senior managers.

    Cons

    Subpar equity performance, staff doesn't challenge existing practices or old traditions enough, have become complacent in some areas, firm always reassure staff they are the smartest on the street, and there is a large pay gap between junior and senior members (i.e. 50-80k for junior members and 300k+ for some VPs and nearly every SVP - avg pay is around $260k all in).

    Advice to Management

    Keep challenging the status quo Peter Kraus. I can't imagine the difficulties you're confronted with. Don't be afraid of a little attrition. Most of the changes are for the better.


There are newer employer reviews for AllianceBernstein
There are newer employer reviews for AllianceBernstein

See Most Recent

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