There are newer employer reviews for Bear Stearns

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

I worked at Bear Stearns

Recommends
Disapproves of CEO
Recommends
Disapproves of CEO

Pros

Pay is good
Prestige is great
Responsibility is high
Network is strong
Always challenging and intellectually stimulating
at the center of the financial universe

Cons

can't trust coworkers
Top Management only concerned with counting dollars
coworkers will do anything to get a better review and better bonus than you

Advice to Management

Try risk management and coming into the office. Try motivating people in ways other than paying the top 5% of people all of the bonuses

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  1. Hard Work, Smart People, Tough Culture

    • 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

    I worked at Bear Stearns

    Approves of CEO
    Approves of CEO

    Pros

    - outstanding pay and bonuses
    - projects empowered by management with funding and people
    - great pride in achievements
    - nice perks

    Cons

    - lots of informal chains of command
    - very little transparancy outside business unit
    - major silos of redundant functions

    Advice to Management

    - increase transparancy between business units
    - encourage cross divisional cooperation
    - embrace shared services across divisions
    - de-ice the culture for newcomers

  2. 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

    I worked at Bear Stearns

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

    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 Management

    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

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