AllianceBernstein Associate Portfolio Manager Reviews | Glassdoor

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AllianceBernstein Associate Portfolio Manager Reviews

Updated Jun 25, 2019

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Found 9 reviews

4.9
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99%
Recommend to a Friend
Seth Bernstein
0 Ratings
  1. "Great place to work"

    StarStarStarStarStar
      Current Employee - Associate Portfolio Manager 

      I have been working at AllianceBernstein full-time

      Pros

      Diverse and collaborative work environment

      Cons

      Sometime AB can be a competitive work environment

      AllianceBernstein2019-04-29
    • "Eh company"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Associate Portfolio Manager 
      Doesn't Recommend
      Neutral Outlook
      No opinion of CEO

      I have been working at AllianceBernstein full-time for more than a year

      Pros

      Fancy title - but means nothing

      Cons

      No movement upwards, pretty much not the best

      AllianceBernstein2019-06-25
    • "Smart people still recovering from 08"

      StarStarStarStarStar
        Former Employee - Associate Portfolio Manager in New York, NY
        Recommends
        Negative Outlook
        Disapproves of CEO

        I worked at AllianceBernstein

        Pros

        Learned so much in one year it was a good career move. Very smart people who know what they're talking about.

        Cons

        Company still recovering from the financial crash. Management out of touch with customer demand (move from active to passive management)

        AllianceBernstein2016-07-15
      • "analyst"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Associate Portfolio Manager in New York, NY
        Recommends
        Positive Outlook
        Approves of CEO

        I have been working at AllianceBernstein for more than a year

        Pros

        - positive manager relationships - intelligent, driven staff - access to senior employees including portfolio managers and traders

        Cons

        - active fund management experiencing outflows - lack of internal position openings

        AllianceBernstein2016-07-08
      • Helpful (1)

        "Was a great place"

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

        I have been working at AllianceBernstein

        Pros

        Lots of intelligent emploees. You get some industry knowledge.

        Cons

        Downhill fund performance. High turnover of people.

        Advice to Management

        When you make your employees happy, your clients are happy too.

        AllianceBernstein2010-08-01
      • "Intelligent firm with strong senior management"

        StarStarStarStarStar
        • Work/Life Balance
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Associate Portfolio Manager in New York, NY
        Recommends
        Approves of CEO

        I have been working at AllianceBernstein

        Pros

        Intelligent people running the organization who share and respect great ideas

        Cons

        High work demands may result in long hours.

        Advice to Management

        Continued communication on firm initiatives.

        AllianceBernstein2010-07-30
      • Helpful (2)

        "Company that turned from a top money manager into a sinking ship."

        StarStarStarStarStar
        • Work/Life Balance
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Associate Portfolio Manager in
        Doesn't Recommend
        Disapproves of CEO

        I have been working at AllianceBernstein

        Pros

        1) Reasonable work/life balance: job hours are usually 8:30 to 5:30 with a full one hour lunch break when work permits 2) Cafeteria: cafeteria on 21st floor in the building is the only place that is innovative, efficient and well-managed

        Cons

        1) Incompetent management 2) Low morale: 90% of employees in the PMG department are looking for another job 3) Favoritism towards certain employees 4) Vicious circle of low comp packages --> demotivated employees --> bad portfolios performance --> low profitability --> low comp packages

        Advice to Management

        Peter Kraus is either unaware of the low morale levels in the organization, or just totally ignores the current situation.

        AllianceBernstein2012-04-29
      • Helpful (3)

        "Frustrating place to work - and not just because the pay is obscenely low."

        StarStarStarStarStar
        • Work/Life Balance
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Associate Portfolio Manager in
        Doesn't Recommend
        Approves of CEO

        I have been working at AllianceBernstein

        Pros

        Sell-side research and analysts are smart and well-respected within the industry. Office and facilities are decent, especially with the revamping of the trading floor Central location (though not great for multiple subway line access) Cafeteria is great, as far as company cafeterias are concerned. (Kosher station serves hot meat dishes everyday!)

        Cons

        Employee morale is some of the lowest I've ever witnessed Very little room for career growth Thankless culture from mid to senior level management Systems are unreliable at best Worst pay on the street - and bonuses are pathetic and arbitrarily assigned

        Advice to Management

        Fair pay (not to mention incentive pay...) is what keeps top talent at a firm. How a company can expect to compete, let alone thrive, in such a competitive industry without paying its employees fairly is beyond me. This is just one of the many, many issues contributing to extremely low morale among employees. Brain drain doesn't even begin to describe what has been occurring - especially on the buy side.

        AllianceBernstein2011-05-09
      • Helpful (1)

        "Limited opportunities for advancement"

        StarStarStarStarStar
        • Work/Life Balance
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Former Employee - Associate Portfolios Manager in London, England
        Approves of CEO

        I worked at AllianceBernstein

        Pros

        AB is a firm full of very experienced, impressive and effective investment professionals, with a great long-term track record and is likely to benefit from a change of CEO...

        Cons

        ...but junior staff will find it very difficult to advance - the firm likes its research analysts and top sales people to have a very high level of experience.

        Advice to Management

        Provide more opportunities for junior staff - there are some great people who will leave if you don't!

        AllianceBernstein2010-04-24
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