ALLIANCEBERNSTEIN Employee Reviews

3.4
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Based on 64 reviews
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5.0
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Freedom to Work Productively
Junior Compliance Analyst (Current Employee) –  San Antonio, TXSeptember 13, 2018
I really enjoy working for AB. My current position gives me much freedom to work independently without micromanagement, which does not make for effective work.
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1.0
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A Good Place to Leave, Forever
IT Technician (Current Employee) –  San Antonio, TXAugust 25, 2018
AllianceBernstein. It's Fortune 500, so you would have a certain level of expectations. But you should know...

The company is very cheap. Not only are most positions contracted out, but they cut departments that are already short-staffed, continuously try to haggle wages lower, and do a lot of sourcing from offshore (Middle East).

The company cannot keep their "talent." The best employees move on to something better. They leave AB for a better work environment, for better pay, and sometimes even for better (useful) experience. Unfortunately, the worst employees are the ones that last. People don't often get fired, and it seems the stupider you are the faster you get promoted.

People are not the nicest or most helpful. Many departments don't want to help their coworkers. My dept. interacts with many teams and they are always quick to refuse support or even offer advice. This brings me to my next point.

Things are always broken and AB doesn't care to fix them. Technically speaking, applications don't work. Period. Errors, disconnections, unexpected software behavior, applications not opening. This is all normal. AB really likes to have offshore developers (and some State-side) create company-specific software, but it just doesn't work. I wonder if this correlates with the company being cheap.

Management is a joke. I can only speak for my dept., but the manager is terrible, egotistical, nonconstructive, reclusive, and a liar. AB keeps (him/her) because (he/she) is able to keep the contract cheap. Ironically, the manager gets paid four times as much money to do four
  more... times less work.

But I can truly say that if these points don't bother you, and you have substantial patience, and need to build experience, then this is a decent place for you. At least until you find the next opportunity.

... Also, there are free drinks and snacks.
  less
Pros
Free drinks/snacks of a decent variety
Cons
Cheap company, worst employees, broken environment, bad management
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3.0
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Good learning experience for highly competitive people
Manager (Former Employee) –  VariousJuly 19, 2018
Bernstein was a good experience but I would recommend it for highly competitive people, particularly single twenty-somethings who are able to devote an unlimited amount of time to their career. Their standards are high, and there is not a lot of consideration for a life outside of the office. It was fairly common to hear people express surprise at any colleagues who had the audacity to 'take a lunch hour" or go out for a coffee break. Considerations such as being unable to come into work during a snow storm, or staying home to care for a sick child, were virtually non-existent. It was not uncommon to be held responsible for things that occurred in your department while you were out on leave, or for certain employees to be held to different standards than other employees. And woe to the person who fell out of favor! If they wanted to get rid of you, they would "find" things you'd done wrong, even if they had to go back several years, and even if you'd never been given constructive feedback about those supposed performance issues before. However, their investment process is sound, they do tend to hire good quality people, and I made some of the best friends of my life while working there.
Pros
Competitive, high quality colleagues, good investment process
Cons
No work/life balance, uneven performance management, cutthroat
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4.0
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Solid investment culture
Vice President, Private Wealth Management (Current Employee) –  Boston, MAJuly 10, 2018
Bernstein prides itself as a leader in research in wealth management. The proprietary nature of the investment platform means the staff and the clients are all Bernstein's. Expectations are high for staff and management support can be uneven. But it engenders a culture of loyalty and pride in the quality of the advice.
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2.0
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Great place to learn but then move on as quickly as you can
Assistant Vice President (Former Employee) –  New York, NYJune 29, 2018
If you are marketable employee such as a portfolio manager or a favored manager you will be treated and compensated well. Otherwise, you will be treated like fodder for the machine. The food is great on 12. The company cheaps out wherever possible. Don't expect anything unless your in the favored class.
Pros
Subsidized lunch. Good location for the building.
Cons
Long hours, low pay, lots of politics, throw away the talent culture
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5.0
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Great place to get asset management experience
Vice President, Institutional Marketing (Former Employee) –  New York, NYJune 23, 2018
Great place to get asset management experience; A pure investment manager, unburdened by the volatility of an investment bank. Bernstein culture was harsh but better training than Alliance.
Pros
Good benefits
Cons
Alliance culture diluted the more superior Bernstein side of the house
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4.0
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Good environment, very low pay
Vice President, Information Technology (Current Employee) –  New York, NYMay 31, 2018
People don 't work very hard here. Some autonomy but lots of controls. Too much emphasis on "diversity" and other PC nonsense.
They encourage continuing education in IT
Pros
subsidized lunches
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3.0
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good to start but not stay
Regulatory Reporting Analyst (Current Employee) –  San Antonio, TXApril 2, 2018
good work/life balance and income in enough to pay bills, but is not competitive based on the industry. My current compensation is 30% below what competitors pay for the same position. management is unorganized and inconsistent across multiple departments.
Pros
good work life balance
Cons
lack of opportunity for advancement and management is inconsistent
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4.0
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Comfortable life - conservative culture hampers free thought and expression
Fixed Income Analyst (Former Employee) –  New York, NYSeptember 24, 2017
AB is a good place to work, you have to like the industry though. Pay is okay and lifestyle is comfortable - you aren't making as much as your HF or BB counterparts and don't have the same upward trajectory, but you also aren't working as much/as hard (although it is still demanding on your time)
Some colleagues are exceptional, however the quiet/conservative culture makes it hard to have deep interactions with them. The result is what you can learn from them is limited because all aspects of communication and collaboration seem constrained.

Some people could be genuinely happy staying at AB their whole life and that is grand. I am happy that I worked there but equally happy that I left.
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3.0
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workplace culture
Senior Associate (Current Employee) –  White Plains, NYAugust 4, 2017
White Plains office is a great location for those who don't want to go into the city. My boss is very good about work from home if there is ever a time I can't make it in
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3.0
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Standard Finance Firm
Request for Proposal (RFP) Intern (Former Employee) –  New York, NYJune 22, 2017
AllianceBernstein is your run of the mill asset management / fiduciary firm. If you're into or have a passion for financial services, AB is a decent place to develop your career.
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4.0
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fast paced work enviornment
Assistant Vice President, Operations (Former Employee) –  White Plains, NYMay 3, 2017
busy days, but smart hard working people, Had an enjoyable time working here. Have not worked there for some time, not sure I could add much to this review.
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4.0
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Great place to start your career
Corporate Actions Associate (Former Employee) –  San Antonio, TXDecember 25, 2016
AB is a great place to start your career, however, there is little room for growth once you have been there for over two years. The majority of it's employees are either Associates or VP's. There is literally nothing in between.
Pros
Great people
Cons
Lack of growth opportunities and compensation
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4.0
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Productive & Amazing People
Senior Managing Associate (Former Employee) –  New York, NYOctober 18, 2016
"The most valuable assets at the firm go up and down the elevator each day." The firm is certainly filled with the industry's best and brightest individuals, and it is truly the people that are one of the most enjoyable aspects of each and every day. No day is ever the same in the financial services industry as the market can impact all aspects of the job almost instantly. This can quickly wrench the work-life balance and lead to late evenings or weekend hours to assure all projects are successfully completed, but it is certainly nice to be surrounded by great people while doing so.
Pros
People & Colleagues
Cons
Work-Life Balance
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5.0
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Good place to work
Quality Assurances Analyst (Former Employee) –  San Antonio, TXJuly 22, 2016
In company every one were helpful and provide guidance to learn new technology and environment. Everyone in team were like family .
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3.0
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AllianceBernstein
Private Client Senior Managing Associate (Current Employee) –  New York, NYMay 9, 2016
AB is a great place to work, but moving up at the company is very politically driven. AB does not have the smartest employees, but the company culture is very good. AB strives be a Wall Street firm, but misses the mark on a number of fronts.
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4.0
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Comfortable working environment
Analyst (Former Employee) –  New York, NYMarch 29, 2016
Some very smart people leading the firm. If you can interact with the leaders there is a chance to learn tons about the markets. Large size makes them a player and get involved in exciting parts of the market. good pay and great work/life balance.

Can be too friendly and political of an atmosphere and some under qualified people fill roles better suited for younger talent. Technology is inefficient and support for investment professionals is lacking at times.
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3.0
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Just OK
Coordinator, Private Client Services (Current Employee) –  New York, NYFebruary 27, 2016
Your time here greatly depends on what team you are placed on. Each FA acts as their own, independent company in many ways. I would recommend requesting that you meet your entire team before accepting the position.
Pros
Overtime
Cons
No room growth
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5.0
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Productive and fun place to work
Senior Application Support Analyst (Current Employee) –  New York, NYFebruary 22, 2016
Equities trading floor is a productive and fun place to work at AB... A very professional place to work at. Great co-workers. A lot of opportunities to learn and grow...
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3.0
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Great Place to Work
AVP Sr. Compliance Analyst (Current Employee) –  New York, NYFebruary 21, 2016
Work/Life balance is excellent. Really smart and driven people. Have high hopes the company will turn around and AUM will grow.
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