AllianceBernstein Assistant Vice President Reviews | Glassdoor

AllianceBernstein Assistant Vice President Reviews

Updated Apr 26, 2019

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Found 25 reviews

2.8
StarStarStarStarStar
Rating TrendsRating Trends
62%
Recommend to a Friend
0%
Approve of CEO
Seth Bernstein
1 Ratings
  1. Helpful (2)

    "AllianceBernstein provided me with invaluable accounting/reporting experience in the mutual funds industry."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at AllianceBernstein full-time for more than 10 years

    Pros

    Company offers opportunities for career growth and exposure to most aspect of the business. There is a team environment and most managers/ supervisors are usually available to offer guidance to staff Employees are kept updated on developments within the organization. Company provides employees with online educational resources to increase industry/product knowlege. Good benefits package.

    Cons

    Inequitable compensation system; compensation is not awarded fairly. There is perceived subjectivity and favoritism as it regards performance evaluation and compensation. A panel of managers (not directly involved with staff) determine final evaluation of staff most times overriding the staff's direct manager's evaluation. Individuals who appear to be favorites of this team of managers are usually ranked higher than...

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    Advice to Management

    Human Capital should ensure fair treatment and compensation of all employees. The performance evaluation system needs to be revamped to ensure that employees are fairly evaluated by their direct managers and 360 evaluation given more weighting in final evaluation to ensure employee's protection from career sabotage by others who for reasons other than professional, may seek to stifle an individual's career/professional...

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    AllianceBernstein2013-09-17
  2. "Great Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at AllianceBernstein full-time for more than 3 years

    Pros

    Lots of bright people Lots to learn early in career

    Cons

    Business is not diversified Lots of turnover Morale at all-time lows Lacks culture since turnover of Lew Sanders Lots of arrogance Not much opportunity for younger people

    Advice to Management

    Performance needs to improve across strategies. That's all there is to it.

    AllianceBernstein2013-03-02
  3. Helpful (1)

    "Smart people, but business in decline"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at AllianceBernstein full-time for more than a year

    Pros

    - great people, good base pay. - all of the people were very smart, sometimes slightly intimidating

    Cons

    - lousy bonuses (declined substantially during my time there). - not enoug opportunity for movement and growth - long hours - the company is bleeding assets and doesn't have a good long term strategy to bring business back

    AllianceBernstein2012-06-19
  4. Helpful (1)

    "Firm not up to pa with other money managers, lost the street respect..."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President in White Plains, NY
    Doesn't Recommend
    Disapproves of CEO

    I worked at AllianceBernstein

    Pros

    Nice people to work with

    Cons

    lay offs never seem to end, sourcing to India. All they do is cut, cut and more cuts. Employees are tired of the same old talk from Senior Management,

    Advice to Management

    Stop out sourcing, and let the people that got you here remain..they have no heart, they will cut you without blinking an eye.

    AllianceBernstein2011-08-04
  5. Helpful (2)

    "Talent is wasted, politics rule"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Disapproves of CEO

    I worked at AllianceBernstein

    Pros

    Competitive benefits package Flexible work scheduling, time off policies Smart, hardworking, talented people Educational opportunities, continuing in service training programs Nice pantry services

    Cons

    Management infatuation with style over substance Talent untapped/overlooked due to overly political operation of managment Slow/inadequate infrastructure investment Review process good in theory, bad in practice Lack of respect for and consideration of support level staff "Siloing" of business units prevents crossfunctional synergy and encourages fiefdom mentality

    Advice to Management

    Improve existing and develop new processes for recognition, growth and development, advancement and utilization of talent. Focus more awareness of and controls over politically dominated management culture.

    AllianceBernstein2010-09-18
  6. Helpful (2)

    "Not an excited place to work in"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    No opinion of CEO

    I have been working at AllianceBernstein

    Pros

    Hours are OK. Relatively small, so one can have a lot of opportunity to do various kind of things.

    Cons

    Low pay, but funny thing is managment team of the company does not realize or admit it is lower than market average. Decision making takes too long. Not efficient enough. Very bureaucratic. Promotion process could be very subjective by team and managers.

    Advice to Management

    Pay attention to the enployees needs, especially the ppl who actually does their jobs. Sometimes I just feel the management just gets paid too much.

    AllianceBernstein2010-08-20
  7. Helpful (2)

    "The WAS potential..."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Vice President - Institutional Marketing in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    I have been working at AllianceBernstein

    Pros

    -Tremedously intelligent people -Great for networking

    Cons

    -Too many layers of management fat -People tend to manage up -Managerial decisions are often made by those without functional knowledge -Salaries are low compared to industry standards -Opportunity for advancement is very limited

    Advice to Management

    Management should talk to people at lower levels of the organization as those are the people that understand everyday pains. Management should also be more transparent.

    AllianceBernstein2010-08-26
  8. Helpful (2)

    "AllianceBernstein: putting clients first, treating employees with respect, and carrying out thoughtful, quality research"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Vice President, Quantitative Analyst in New York, NY
    Recommends
    No opinion of CEO

    I have been working at AllianceBernstein

    Pros

    AB generally respects its employees, with reasonable and regular working hours (40 or so hours a week, even in research) and an attitude of forbearance and calm, dignified leadership. There is even a feeling of camaraderie that makes it easy to work with new people and unite towards a common purpose. People work hard but without cutthroat competitiveness or a zero-sum-game attitude. The new leadership under CEO Peter...

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    Cons

    The company is publicly traded, which can mean severe layoffs when performance is poor relative to peers (such as in 2008). The company's core business is managing assets to a long-only value equities platform, which is particularly vulnerable to market downturns such as 2008's. This can put severe downward pressure on compensation, especially since the firm caps base salaries at $200,000. The firm has its share of stifling...

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    Advice to Management

    Management must work quickly to reduce the firm's systematic exposure to equity markets so that human capital, which is the firm's true asset, is not devastated the next time a severe market downturn kills long-only value equities strategies. Given the hundreds of billions of dollars the firm manages, management should use the firm's clout to lead the industry to develop innovative new business models, improving client...

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    AllianceBernstein2010-07-09
  9. Helpful (1)

    "Okay place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    No opinion of CEO

    I have been working at AllianceBernstein

    Pros

    the people are great to work with

    Cons

    salaries below average, very poor communication about everything

    Advice to Management

    communicate better and do a salary review

    AllianceBernstein2010-07-10
  10. "What relevance will AB have in 5 years? Up to management to provide true though leadership and change the tide.."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Vice President - IT in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    I have been working at AllianceBernstein

    Pros

    It is easy to shine against a sea of incompetence. Pay is reasonable for IT on the Street.

    Cons

    A lack of leadership and a culture that promotes face time and brown nosing over actual productivity drains all true professionals at the firm. In IT, this is rampant, with management's failure to communicate. Middle management IT at the firm is incompetent and only care for their silo. AB has the talent to excel, but is strangled by ineffective senior management, a lack of cross group collaboration, an inability...

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    Advice to Management

    Reward performance, offer true internal mobility, clear out the dead weight.

    AllianceBernstein2010-04-09
Found 25 reviews