AllianceBernstein Vice President Reviews | Glassdoor

AllianceBernstein Vice President Reviews

Updated Jul 16, 2019

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Found 60 reviews

3.6
StarStarStarStarStar
Rating TrendsRating Trends
80%
Recommend to a Friend
54%
Approve of CEO
Seth Bernstein
3 Ratings
  1. "AllianceBernstein"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Recommends
    Positive Outlook

    I have been working at AllianceBernstein full-time for more than 5 years

    Pros

    Nice people. Work life balance. Nice office. You rarely need to work overtime. Hours are good.

    Cons

    Depending what team you work for, your pay could differ significantly even if your work is similar.

    Advice to Management

    encourage people to speak up about their opinions on how to make

    AllianceBernstein2015-08-24
  2. "Mediocre company"

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

    I have been working at AllianceBernstein for more than 5 years

    Pros

    You don't get bored with work, always there is new to learn

    Cons

    Interview process is tough and every one feels like rocket scientists asking irrelevant to their work You work like donkeys and still get paid like monkeys (peanuts)

    Advice to Management

    Come out of recession mindset and stop losing talent to your competitors

    AllianceBernstein2015-08-13
  3. "Ex Long time employee"

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

    I worked at AllianceBernstein for more than 10 years

    Pros

    The firm was a proud and caring firm for those of us who were sincere hard working employees. That changed when Kraus became CEO.

    Cons

    Top tier of management still makes top comp even though performance is some of the worst in the industry, while everyone else works more hours with no additional comp. The family aspect is completely gone.

    Advice to Management

    Make sure each person - no matter what level is equally accountable and equally rewarded.

    AllianceBernstein2015-06-10
  4. Helpful (2)

    "Relentless Ingenuity??"

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

    I worked at AllianceBernstein full-time for more than 3 years

    Pros

    OnTwelve cafeteria and the employee resource groups. Asset mgmt firm you can leave office at 5pm.

    Cons

    The company value "Relentless Ingenuity" and being Innovative is a complete joke. Couldnt walk to the bathroom with out being told to "walk by my manager's office" every time so he/she can see me. Talk about lack of autonomy! Trying new things and ideas are a complete joke here. Instead was told "We don't do things like that around here at AB, or things don't work that way here". Good luck being innovative then! Stock...

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    Advice to Management

    Lots of managers who've been with AB 7+plus years need to go. They are change resistors and toxic to the future of AB. Get rid of the legacies.

    AllianceBernstein2015-04-23
  5. "Vice President"

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

    I worked at AllianceBernstein full-time for more than 3 years

    Pros

    Formerly two great companies that struggled for many years after their merger. Took a tremendous hit during the market down turn losing three-quarters of their assets. Began a multi-year rebuilding processes after replacing the CEO and many top positions. Operations was sold to State Street which has provided more training and leadership that existed before. Solid company. Good business prospects. Very good opportunities...

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    Cons

    Operations is now an outsourced resource. It is more difficult than before to transfer to other positions withing the company, e.g. research, trading, sale & marketing.

    Advice to Management

    Focus on the areas of success across the organization and develop them further. Avoid temptations to return to the financial services supermarket model of providing a complete set of products to individuals and institutions around the world.

    AllianceBernstein2015-01-20
  6. Helpful (3)

    "Many different experiences, all add up to the place being OK"

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

    I have been working at AllianceBernstein full-time

    Pros

    Challenging projects, sometimes, the people challenge me in a good way. The place is large enough to do big things, but small enough that an individual can make an impact. The new CEO, Peter Kraus, after a rough introduction in the worst of times, has truly made a positive impact (this from someone who was quite skeptical about him at the beginning). There appears to be an honest attempt at the top to make the company...

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    Cons

    Management shows complete indifference to workers (except in the money). There is no concept of protection of work life balance, no attempt to facilitate (or worse, not even a passing interest in) my professional growth or the growth of people like me. While some colleagues challenge in a positive way, some are undermining and destructive, and management is either completely unaware or intentionally ignoring the corrosiveness...

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    Advice to Management

    If I were talking frankly to a partner I would say: "I believe that you want AB to be a great place to work, but your wishes in this area are not making it down your management chain. You have promoted people for their subject matter expertise and not their ability to grow / motivate / manage their people. Further you have not tried to address this by training or mentoring those you have promoted to be better managers....

    Show More
    AllianceBernstein2014-10-25
  7. "God collaboration"

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

    I worked at AllianceBernstein full-time for more than 8 years

    Pros

    Generally low pressure, great collaboration between departments

    Cons

    Not much opportunity to rotate positions

    AllianceBernstein2014-10-09
  8. Helpful (2)

    "Don't do it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - 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 5 years

    Pros

    Known for their research, AB has some very smart people on board.

    Cons

    AB is a totally political and dysfunctional environment. No one will speak up, even SVP level and above, on what really goes on. It is an elitist group of people who have lost their sense of humanity and are running scared. You will only get promoted if you are in senior management's inner circle and everyone knows it. It is a cut throat and throw you under the bus environment. There 10 years one day, gone the next. With...

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    Advice to Management

    Peter Kraus' inner circle will be gone when his contract is up so speak up and stop taking abuse.

    AllianceBernstein2014-10-23
  9. Helpful (2)

    "It used to be a great firm but went downhill after the market crashed."

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

    I have been working at AllianceBernstein full-time for more than 5 years

    Pros

    AllianceBernstein was a top tier asset manager with rapidly growing assets under management. The culture was insular and a little smug, but there were many opportunities for growth. Some of their capabilities, especially in research and analytics, were superior to their competitors. Both business and IT had talented individuals who moved on to successful careers elsewhere.

    Cons

    The environment in the last few years has been one of relentless cost cutting. Many of their best people have moved on. Surviving employees have no sense of direction and purpose, and feel they are treated as appliances. Bonuses have been slashed severely and show no sign of improvement even after the recovery. Management has changed direction repeatedly with no accountability for failure. For example - 1. There...

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    Advice to Management

    1. Stop taking your staff for granted. It is not a viable strategy to coddle the CEO and his inner circle at the expense of everyone else. 2. You will not be able to survive just by cutting costs. Your competitors also went through hard times but are making significant investments to strengthen their position in the market. What have you done except outsourcing, off shoring and terminations? 3. Your technology platforms...

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    AllianceBernstein2014-08-21
  10. Helpful (1)

    "Was once a great place to work."

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

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

    Pros

    Used to be a great place to work. Everyone was part of the team and was recognized and compensated when they deserved to be. I cannot think of any current "Pros", since culture has completely changed since new CEO has taken over.

    Cons

    Understaffed. Decisions are made based on personal relationships, not value of the employee. Titles are given, but comp doesn't change.

    Advice to Management

    AXA needs to change CEO.

    AllianceBernstein2014-06-09
Found 60 reviews