I worked at Bear Stearns full-time (More than 3 years)
Fun management - loves to play bridge!
Strong financial position
Can be tough to get a progress
Some concerns around mortgage exposure
Started out with a phone screen, then went through multiple rounds of interviews with peers as well as various managing directors, most of which were technical coding questions or puzzles, many of which were mathematical in nature. Once you pass through these rounds of interviews, you met with a senior managing director for a brief screen, but I think that was more customary in nature. Not sure who, if any, failed the last screen