I worked at Bear Stearns full-time (More than 8 years)
Paid for production, entrepreneurial environment, good management until the end, exciting environment, Great coworkers, excellent benefits, excellent pay, good hours
Firm closed, along with many other firms on Wall Street to the government regulation and technological innovation. The shame the entire stock market was destroyed by the government regulations.
Advice to Management
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