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AllianceBernstein

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AllianceBernstein reviews

3.6

61% would recommend to a friend

(1,266 total reviews)
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Seth Bernstein

78% approve of CEO

52% positive business outlook

AllianceBernstein has an employee rating of 3.6 out of 5 stars, based on 1,266 company reviews on Glassdoor which indicates that most employees have a good working experience there. The AllianceBernstein employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

1K reviews
1.0
Aug 17, 2018
Recommend
CEO approval
Business Outlook

Pros

Work, life schedule is reasonable. I work on avg 9hrs a day, peak times up to 11hrs.

Cons

Very low to non existent bonuses for operations, you will be lucky to see 3K annual bonus. No raise for over 3 years. They hire new college grads at higher salaries than long term employees who have been with them for over 5 or 10 years. If you move depts, your salary stays the same, they call it lateral move. Only way to get more pay is to leave company for higher salary. Their goal is to cut cost at all costs, including moving headquarters out of NY and offshoring functions to Asia as much as they can, straight from the mouths of their senior execs. You want to climb up in title in Operations, good luck, you will have to move a mountain and hope people on your team more senior than you move out before you will get a promotion in title.

4.0
May 13, 2018
Recommend
CEO approval
Business Outlook

Pros

Colleagues are great! A lot of smart, driven people and it is a joy working with them. Great products, thought leadership, and practice management content.

Cons

Middle management of the sales desk lack the sales knowledge, market knowledge, and emotional intelligence to assist young talent. There are essentially 5 people managing 40 people without a value add, while the product managers actually supporting the sales force are being deprived of resources they need. Morale is extremely low and talent is leaving and will continue to leave. The move to Nashville is a catalyst but this problem has been pervasive. Senior management should address this rather than turning a blind eye.

2.0
Nov 12, 2017

Associate

Recommend
CEO approval
Business Outlook

Pros

Thorough, intensive training and development curriculum. Good company for someone getting started in the industry. Most advisors and associates are intelligent, kind, honest people that are enjoyable to work with. Culture varies by office.

Cons

Employee morale is extremely low. Every single Associate/Senior Associate in my office is looking for outside opportunities. Senior leadership knows high turnover is a problem, but a fix doesn't seem to be coming anytime soon. Don't expect to get time off at the holidays. Plan on taking personal days for doctor appointments as you are not allowed to leave during the day, aside from a few minutes at lunch. End of the road is after three years; if you don't internally network and interview for other internal opportunities, you won't progress. Consequently, advancement oftentimes means moving to another city. Low compensation relative to the amount of risk you take on in this role.

Viewing 40 - 42 of 1,266 Reviews

Glassdoor has 1,402 AllianceBernstein reviews submitted anonymously by AllianceBernstein employees. Read employee reviews and ratings on Glassdoor to decide if AllianceBernstein is right for you.