AllianceBernstein Vice President Reviews | Glassdoor

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AllianceBernstein Vice President Reviews

Updated Jul 16, 2019

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Found 60 reviews

3.5
StarStarStarStarStar
Rating TrendsRating Trends
66%
Recommend to a Friend
71%
Approve of CEO
Seth Bernstein
3 Ratings
  1. Helpful (1)

    "Has taken a big fall over the past few years"

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

    I worked at AllianceBernstein

    Pros

    Exposure to a lot of very smart, hardworking people. Very much a mentoring environment. Everyone wants the company and their colleagues to succeed.

    Cons

    Constant layoffs have made it a dismal environment to work in. Employees (and the public) have been waiting for a company turnaround for years and it just doesn't seem like it's going to happen. Communication from executive management is very poor.

    Advice to Management

    Make an impact. Get involved with performance. Stop being overly generous with your own salary and instead give a portion of it back to employees.

    AllianceBernstein2012-01-17
  2. 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
  3. 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
  4. "Smart people, shame about the Top Brass"

    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

    Smart people, dedicated to their jobs Intellectual stimulation/challenge Brand name/reputation Research

    Cons

    The credit crisis changed the company completely and probably permanently. The opportunity for growth, created by new funds and increased AUM, vanished and this will impact morale as juniors realize their careers have stagnated. The senior management in most cases are young enough that without the new fund/offices... option, junior/mid-level employees have to leave to advance. I joined the old Bernstein when Lew was...

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    Advice to Management

    Bring back Lew Sanders

    AllianceBernstein2010-09-22
  5. 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
  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)

    "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
  8. 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
  9. "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
  10. Helpful (6)

    "Used to be a great place to work but the downturn brought out the worst in the organization"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Doesn't Recommend
    No opinion of CEO

    I have been working at AllianceBernstein

    Pros

    Most of the people who work at AB are very smart. And for the most part very pleasant to work with. The work-life balance is very good. There's generally great flexibility over how you spend your time and when you spend it.

    Cons

    There is no pay for performance. By performance I mean ability to garner superior returns on investments. In fact investing performance is not measured. Star performers don't have to be paid as much as their peers and getting a job if you leave AB is difficult without a track record. It pays to keep your own track record. Pay is based more on "check box" activities; things like the number of investments in a portfolio,...

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    Advice to Management

    Kraus has the right ideas about how to run the organization and coming from GS he understands the kind of output you can get from people if you pay them riches. But this requires identifying top investment pickers versus politically savvy and box checking employees. All else is irrelevant. Discard the bottom 15% each year (including DOR/CIOs who underperform) and pay the top performers a LOT. It's an easy business...

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    AllianceBernstein2009-12-16
Found 60 reviews