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. Helpful (3)

    "Good company"

    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
    No opinion of CEO

    I worked at AllianceBernstein full-time for more than 5 years

    Pros

    It is a good company overall.

    Cons

    Their was a lot of turnover.

    Advice to Management

    N/A

    AllianceBernstein2014-03-17
  2. Helpful (1)

    "Great deal of opportunity"

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

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

    Pros

    Varied work, can change projects, departments from time to time. Very creative company with lots of new things to explore.

    Cons

    Entrepreneurial style can make day to day operations a challenge.

    Advice to Management

    Improve analysis of new business vs need to stabilize existing business committments.

    AllianceBernstein2014-01-25
  3. Helpful (1)

    "Good work-life balance but pretty political place to work"

    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 8 years

    Pros

    good work-life balance, friendly colleagues.

    Cons

    lots of political power play at the company. things take a long time to change.

    Advice to Management

    make compensation more meritocracy based

    AllianceBernstein2014-01-06
  4. Helpful (3)

    "Bureaucratic and old-fashioned, but hours are reasonable for a Wall Street job"

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

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

    Pros

    I've worked at 2 major investment banksand 2 hedge funds. AllianceBernstein has the best hours, fairly nice offices, a great cafeteria, and a fairly relaxed atmosphere. Managers don't yell and tend not to make unreasonable demands.

    Cons

    I find my colleagues the least capable of the places I've worked. One or two are probably of average intelligence, which is pretty dumb by New York banking standards. Simple tasks require extensive explanations, and even then they have difficulty. There is hardly any career development. The firm offers some training, but it's quite limited. No career path is outlined, not just for me but for anyone I've talked to....

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    Advice to Management

    Include career development as a company goal; it would boost employee morale. Pay better.

    AllianceBernstein2013-10-10
  5. 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
  6. "Still looking for a turn around post Financial Crisis"

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

    I worked at AllianceBernstein full-time

    Pros

    Their training is some of the best in the industry Back office support is excellent Clients appreciate their client first mentality

    Cons

    CRM program is clunky and cumbersome Your experience will definitely be Director/Manager specific as each office has a very different dynamic Pay for admin and support staff are below industry averages Work/Life balance is non-existent - if you have a life, get rid of it before coming on board

    Advice to Management

    There is trimming fat, and then there is cutting muscle. AUM is down and cutting to the core of your customer facing teams will not help in keeping clients.

    AllianceBernstein2013-09-08
  7. "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
  8. 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
  9. Helpful (1)

    "Extremely Disappointing"

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

    I worked at AllianceBernstein

    Pros

    - Nice cafeteria - A few very smart, competent people remain who are more than willing to educate and develop others. They tend to be second- and third-tier people within the organization, rather than senior management

    Cons

    - Culture has changed over the past three years from being client-focused to being a "me" culture where employees only do what they THINK they will get paid for, with little guarantee of that actually happening - Compensation is deeply below market with most of it seeming to stay at the "C" level - Few experienced resources left which cripples any effort to produce a good product and respectable client service - Corporate...

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    Advice to Management

    Where are you? There has been a complete lack of leadership through what has been an extraordinarily difficult time for the firm and its employees. Hire some people who know how to run an investment management firm, devise a strategy and share it with your employees while also demonstrating that you actually care about them as human beings. Also share the profits more equitably!

    AllianceBernstein2012-03-09
  10. "Hemorrhaging Clients and Talent"

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

    I have been working at AllianceBernstein

    Pros

    There are some really talented people at AB.

    Cons

    Constant layoffs, senior management unable to stem loss of clients or talent, compensation shrinking, employees overworked, no chance for promotion...

    Advice to Management

    Changes need to be made at the very top - the past 3 years have not seen any turnaround so it may be time to take a totally new direction and bring in someone with fresh ideas who is respected in the investment community.

    AllianceBernstein2012-03-01
Found 60 reviews