Bear Stearns Reviews | Glassdoor

Bear Stearns Reviews

Updated June 1, 2017
80 reviews

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3.7
StarStarStarStarStar
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Approve of CEO
Bear Stearns Chairman, Bear Stearns Companies and Bear, Stearns & Co. Jimmy Cayne
Jimmy Cayne
25 Ratings

80 Employee Reviews

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Pros
  • Great Place to work, smart people, No BS (in 10 reviews)

  • Teamwork was excellent and there were lots of really smart people until they starting turning (in 5 reviews)

Cons
  • Long hours and zero work-life balance (in 4 reviews)

  • Unfortunately it no longer exists (in 4 reviews)

More Pros and Cons

  1. "If you're in the "in" crowd it is great"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in New York, NY
    Former Employee - Managing Director in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Flat organization where you can make something happen if you are willing to push. Can be highly rewarded for your contributions.

    Cons

    If you are not someone's "pet" it is difficult to get things done. Everyone wants to challenge, sometimes people seem to think that they are rewarded for being obnoxious.

    Advice to Management

    Need to open the organization to new ideas and new blood. People should not be in the same job for life.


  2. "Corruption"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    Disapproves of CEO

    I have been working at Bear Stearns full-time (More than 3 years)

    Pros

    Good cafeteria food. Nice interiors.

    Cons

    A culture of egotism, elitism, and entitlement.

    Advice to Management

    What goes around already came around!

  3. "Awful"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Disapproves of CEO

    Pros

    None that I can think of

    Cons

    Hated every minute of it


  4. "Not satisfied former emp"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Reasonably good compensation, looks good on resume

    Cons

    Disorganized, random career outcomes as each group is fiefdom

    Advice to Management

    need to think about who is promoted to middle management roles


  5. "Understandable why they failed."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Equity Research Associate in New York, NY
    Former Employee - Equity Research Associate in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    It was just like the other investment banks, banks which no longer exist in the form they had when I worked on the Street.

    Cons

    The downsides to working at Bear included the lack of interest from management to the impact of their decisions on those under them. I worked for a boss who took 100% of the credit for the activities of his staff and instructed his staff on how to cover for his time outside of the office.

    Advice to Management

    I would suggest that senior management learn to pay more attention to the skills and opinions of those under them and to never forget that they just may not be the most important or intelligent people in the room.


  6. "bear stearns think before u join the bear"

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

    Pros

    the compensation and bonus were the twilight

    Cons

    the work hours no work after life and no going forward

    Advice to Management

    stop behaving as if u are the best on the street


  7. "Interns treated with disrespect"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Cleveland, OH
    Former Employee - Anonymous Employee in Cleveland, OH
    Doesn't Recommend
    Disapproves of CEO

    Pros

    No micro-managing. It looks good on a resume. You can get a little training on their Bloomberg terminal if you want.

    Cons

    The MD's didn't care about anyone but themselves. It was hard to come in every day and greet people who didn't care about your work

    Advice to Management

    I would ask that they try a little harder to provide a position experience for those who choose to spend their time there.

  8. "Bear Stearns IT STaff"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    No opinion of CEO

    Pros

    People were good to work locally
    Starting pay was usually commensurate with the industry

    Cons

    Compensation was always an issue - bonus' were very meek to IT staff even in good markets and raises were not granted - all pay treatment was done as bonus
    No 401K match
    No pension -profit sharing and that was not very good either
    Frequently changing benefit providers
    Bonus' were mostly distibuted based on who you knew rather than what you did
    They often made rules but when a senior exec challenged a rule when trying to enforce it they would rarely if ever back local managers
    Some staff at some sites were outsourced and others were not, also done based on popularity of the local site managment with NY

    Advice to Management

    Develop skills for managing IT with the business side of the compnay so they will buy into projects and establish rules that can be universally implemented


  9. "It doesn't exist anymore"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great place to work. Really nice people.

    Cons

    Unfortunately, it doesn't exist anymore.

    Advice to Management

    Keep it real.


  10. "They meant well."

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

    Pros

    The compensation was decent and they had a great structure that provided opportunities for advancement

    Cons

    Management made consistently poor decisions.

    Advice to Management

    Consider better time-off policies.


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