Bear Stearns Reviews | Glassdoor

Bear Stearns Reviews

Updated August 11, 2017
81 reviews

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81 Employee Reviews

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

Cons
  • Unfortunately it no longer exists (in 4 reviews)

More Pros and Cons

  1. "Great place to start a career"

    StarStarStarStarStar
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Bear Stearns full-time (More than 3 years)

    Pros

    Fun management - loves to play bridge!
    Strong financial position

    Cons

    Can be tough to get a progress
    Some concerns around mortgage exposure


  2. "Junior broker 1993. One of the tope brokerage firm investment bank of it's time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Junior Broker in Atlanta, GA
    Former Employee - Junior Broker in Atlanta, GA
    Recommends
    Approves of CEO

    I worked at Bear Stearns (More than a year)

    Pros

    After 14 years in the brokerage business there is no other firm that I worked with that I learned more. The smartest most intelligent people I have ever met

    Cons

    It is a sin they where forced to go out of business due to a market down turn

  3. "Incredible company to work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director
    Current Employee - Managing Director
    Recommends
    Disapproves of CEO

    Pros

    Best of Breed. I've worked in the Wall Street world for 25 years and in general, Bear Stearns has the best of everyone.

    Cons

    long hours, got to pay your dues. sometimes difficult to get recognition.

    Advice to Management

    Reward the little guy, he's the one who really gets the work done. Without him, the trade doesn't get completed.


  4. "Great place to work"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Smart and dedicated people. Great experience.

    Cons

    Lower salary compared to its peers.

    Advice to Management

    Should have done a better job


  5. "Once upon a time, it used to be a great place to be...."

    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
    Disapproves of CEO

    Pros

    The atmosphere was great. I loved to be around my co-workers. The job rewarded me as much growth as I wanted. I was given much responsibilities that people of my same age could not imagine. Although, things turned south starting last summer, I did miss my tenure with Bear prior to that.

    Cons

    I think the pay is on the lower side of the Wall Street pay scale. Management is very capable but needs to pay better severance for the people they decide to get rid of. In addition, there is not much professional support network that promotes growth and advancement for young professionals.

    Advice to Management

    Need to compensate your talents better.


  6. "Bear Stearns was a great place to work but too bad it does not exist anymore"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY
    Disapproves of CEO

    Pros

    Great advancement in the industry, lots of learning, steep learning curve if you like that. Everyone told me that investment banking was the way to go and I can definitely see why. You learn so much and a lot is expected of you right from the start. You are surrounded by very very very smart people and you can learn a lot from them too. Then there is also the pay. You get paid a lot for the hours that you put in and it looks amazing on your resume to have a company like this on there to speak for you.

    Cons

    The fact that you really have no time for your family and friends really takes a toll on your lfestyle. I was only an intern there but I didn't have much of a chance to see people I cared about or work out.

    Advice to Management

    Give more feedback to junior people.


  7. "Great first job"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    No opinion of CEO

    Pros

    The people make great co-workers and has a small firm feel. The parties weren't cheezy corporate but fun, that you wanted to be apart of.

    Cons

    It reminded me of the t.v. show, Mad Men, when men had certain bigger roles and woman reported to the men. All men are brokers and all woman are sale assistants, period. The sales assistants don't have much room for career growth and at times, don't feel as appreciated as they should. There is also very little diversity regards to race.

    Advice to Management

    Be more connected with lower assistants as they might have more influence than you think.

  8. "Was a great Place to work. Shame what happened with JPMorgan and all."

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

    Pros

    Family atmosphere and a great team spirit..we worked for each other not simply for the firm.

    Cons

    Lack of liquidity. Run on the bank.

    Advice to Management

    Cash is King.


  9. "Satisfactory"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Approves of CEO

    Pros

    Competetive salaries. Great place to be a front office technologist

    Cons

    Culture needs a little tuning.
    Communication across tech teams not smooth enough( siloed )


  10. "A very good place to work"

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

    I worked at Bear Stearns full-time (More than 3 years)

    Pros

    They were very friendly
    Good support networks

    Cons

    Very agressive style
    Eat or be eaten

    Advice to Management

    They could be more friendly and involved


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