AllianceBernstein Reviews | Glassdoor

AllianceBernstein Reviews

Updated April 23, 2017
391 reviews

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Full-time Part-time

3.0
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AllianceBernstein Chairman and CEO Peter S. Kraus
Peter S. Kraus
185 Ratings

391 Employee Reviews

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Pros
  • Opportunity for cross training and suitable work/life balance (in 39 reviews)

  • Very smart people who know what they're talking about (in 24 reviews)

Cons
  • Senior management continues to let the advisors run wild and do whatever they please (in 20 reviews)

  • Quality of work life balance can depend on the particular advisor your are working with (in 10 reviews)

More Pros and Cons

  1. Helpful (2)

    "Operations specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations in New York, NY
    Current Employee - Operations in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at AllianceBernstein full-time (More than 5 years)

    Pros

    Team oriented, manageable stress, team accountability, flexible work arrangements.
    No micro managing and the ability to set your own goals.

    Cons

    Salary - below market value and increases are deplorable. Need to ensure yiubstartvwith a strong base. It will take years to catch up if you stay.

    Advice to Management

    Increase pay, increase personal accountability, create a more competitive environment.


  2. Helpful (2)

    "Perfect job for someone who wants to find out whether financial services is right for them"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in San Francisco, CA
    Former Employee - Associate in San Francisco, CA

    I worked at AllianceBernstein full-time (More than a year)

    Pros

    -Interesting, smart people
    -Strong focus on training and professional development
    -Provides excellent experience across multiple skill sets including financial literacy, client service, written and verbal communication, and networking tips
    -Beautiful offices, good amenities, ergonomic workspaces like standing desks

    Cons

    -Associates and Coordinators are universally overworked
    -Terrible work-life balance -- small teams (3-4 members) structure creates a constant peer pressure to work later and longer than is reasonable
    -High employee turnover
    -Very stressful work environment

    Advice to Management

    Hire more employees. There is simply too much work to do and not enough people to do it. The current work overload sets Associates and Coordinators up for failure before they even begin.


  3. Helpful (2)

    "Decent company, but lacking in compensation"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Operations in New York, NY
    Current Employee - Vice President Operations in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at AllianceBernstein full-time (More than 10 years)

    Pros

    Alliance Bernstein has a relaxed atmosphere and most of the non-senior level employees seem to be decent people. The dress code is primarily casual and most of the staff is friendly.

    Cons

    The company is not competitive when it comes to compensation. Based on what I see, they underpay their staff by at least twenty percent when compared to other companies in the same industry. This is most pronounced in support staff. The higher-ups are taken care of much better.

    Advice to Management

    Take care of the lower level employees better. This will result in better employee retention and higher overall morale.


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  5. "VP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at AllianceBernstein full-time (More than 5 years)

    Pros

    Intelligent and nice people. Good working hours, very good breakfast and lunch facility

    Cons

    Below average comp. Top management only interested in keeping share prices from further falling.


  6. Helpful (1)

    "great place to start your career."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Programmer Analyst in New York, NY
    Current Employee - Programmer Analyst in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at AllianceBernstein full-time (More than 5 years)

    Pros

    great people to work with. some very sharp and smart people.

    Cons

    limited career growth - at least in equities.

    Advice to Management

    not nimble enough to adapt to changes in the active management industry.


  7. Helpful (4)

    "Client Group Specific: Top Heavy Firm - Junior Staff Beware"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at AllianceBernstein full-time

    Pros

    Great people, very much a open door policy

    Convenient cafeteria

    Name looks good on resume

    Cons

    No structure in group for advancement; it's who brown noses the most. Movement to investment groups for those seeking is nigh impossible.

    There is no diversity within the group, it's literally the Greenwich, CT lacrosse team

    Client Group has a tough time retaining talent due to very poor compensation and the fact that most roles within the group are tremendously boring

    Most managers in the group are there due to it being a progression of their career, not because they are actually good managers of people. For a first job, this can be very detrimental to growth

    Entire group is tremendously top heavy. Because of this, there's no commitment to education or advancement of those at the associate level. Everyone in a senior position in the group has been at the firm for 10+ years, is buddy-buddy, and is paid at pre-financial crisis levels i.e. junior staff are horribly under compensated for their contributions

    To those looking into the rotation program, be very wary, as an outsider looking in, the program is just a means to exploit young, talented workers and underpay/under support them every step of the way. Every other rotational program at AB blows them out of the water.

    Advice to Management

    Bring up very poor compensation for junior staff (6% stock dividend!?!)

    Build up a better education and support system for junior talent

    Move into the 21st century with analytics and technology; sorely lacking in group

    Create a better system for career advancement, whether intra-group or company-wide


  8. Helpful (1)

    "Terrible culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at AllianceBernstein full-time (More than 5 years)

    Pros

    - work life balance
    - pay is "ok", all things considered

    Cons

    - horrible culture
    - poor senior leadership (partners) - they don't care about staff


  9. Helpful (2)

    "Great firm to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AllianceBernstein full-time (More than 10 years)

    Pros

    Focused on getting results for clients

    Cons

    No cons really, great place to work


  10. "Security Reference Management Associate"

    Star Star Star Star Star
    Former Employee - Security Reference Management Associate in San Antonio, TX
    Former Employee - Security Reference Management Associate in San Antonio, TX

    I worked at AllianceBernstein full-time (Less than a year)

    Pros

    The Pantry with food and drinks. Having AB on your resume looks decent. They had some decent learning tools.

    Cons

    Low pay for someone with a bachelors degree. I wouldn't waste your time applying unless you are desperate. With the amount of Fortune 500 companies we have in San Antonio (USAA,Valreo,Tesoro,Oracle) you can get payed a lot more with a bachelors degree. When you are interviewing (you get interviewd by 3 to 5 people which is crazy to me) they will try to sell you on what a great opportunity it is and the amount you will learn and grow. It's not true. It's a gloomy place with a lot of unhappy people. It's just operations so there's not a lot to learn from as far as Finance goes. The systems are painfully old, slow, and worthless. The benefits aren't that great either. There was very high turnover rate in the department I was in (about 5-7 people left in a 2 month span) so that tells you how bad it was.

    Advice to Management

    I mean I get that the San Antonio office is mainly operations but as far as compensation goes you're gonna lose a lot of employees to the other companies here in SA for similar operational jobs.


  11. Helpful (1)

    "AVP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Performance Analyst in New York, NY
    Former Employee - Senior Performance Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at AllianceBernstein full-time (More than 10 years)

    Pros

    Great work/life balance; Great colleagues and internal clients; 2 week refresher (for every employee that hits the 5th, 10th, 15th, 20th and etc anniversary with the company, get extra 2 weeks vacation for the anniversary year); Opportunity to meet upper management at various employee resources groups;

    Cons

    Pay is below market if you have been with the firm for many years; promotion is limited;

    Advice to Management

    Would like to see more promotions within the organization instead of hiring from outside; pay employees market rate


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