I have been working at Sanford C. Bernstein full-time
Great brand for your resume, experience doing truly in-depth research with very smart and knowledgeable people. Good way to get your name seen by potential buy-side employers. Fairly stable employment environment, layoffs are rare.
Relationship with your senior analyst is very important - the teams are very small (like, 3 people). Most senior analyst hires are lateral, rather than associate promotions (although those do happen).
Advice to Management
I don't have much advice for management. The sell-side industry faces long term pressure because more and more of the buy side is moving to algorithmic management, and sell-side research is aimed at human managers, not machines.
I applied online. The process took 4+ weeks. I interviewed at Sanford C. Bernstein in March 2017.
Interviewed with 3-4 people from associate to analyst to director of research. Very friendly and very thorough. Mostly fit questions and not many technical questions. Each ended with a market sizing case study. Only one asked for a stock pitch. They are looking for intellectual power and commitment to equity research. Almost everyone I spoke with had some consulting experience in the past.
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