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      AllianceBernstein

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      AllianceBernstein reviews

      3.6

      61% would recommend to a friend

      (1,267 total reviews)
      avatar

      Seth Bernstein

      78% approve of CEO

      52% positive business outlook

      Ratings by demographic groups

      AllianceBernstein has an employee rating of 3.6 out of 5 stars, based on 1,267 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
      2.0
      Feb 11, 2013

      Little to no career development

      Private client associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      Normal and consistent business hours Sponsorship of FINRA licensing exams: Series 7, 63, etc. Team environment Exposure to a wealth of research reports, economic data, and analysis Ability to develop relationships with senior personnel as well as external clients Wonderful marketing and networking events

      Cons

      Pay is below market Non existent career development Rumors of inner-office relationships with superiors Often treated poorly by clients The Company's funds & stock picks performed terribly during the financial crisis

      2.0
      Jul 10, 2024

      ONLY if you are young and need experience

      Senior private client associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      Bernstein is known for its Associate training program - but the training on the job is next-level. In your first few months, you will have more responsibility than you would EVER have as an Associate at another firm. This level of responsibility - in managing client accounts, being a client's only point of contact, coordinating time-sensitive investments, etc. - can be overwhelming for recent grads or people who simply don't handle stress well. However, if you're ambitious and want a jump start to your career, it can be a great place to feel that competitive rush and learn quickly. If you find a good advisor to partner with, the paths for developing skills in advising (NEXT advisor training, etc.) are decent. However, the compensation for a "supporting advisor" role is most often capped - even when you would be doing the majority of the work managing the book. A $120k salary doesn't sound so great when the advisor you're doing everything for is bringing in a cool $4M per year (and not working most days).

      Cons

      Your happiness and success in the role 1000% depends on the team of advisors you're assigned to work with, and upon being hired you likely will have no idea who that will be. If you get stuck with rude/lazy/abusive advisors (speaking from experience), management will do nothing to help you. This is speaking for management across the entire West Coast region. The reality is that they have long known who the problem Advisors are, but at the end of the day it's the AUM that matters. Rather than confront an Advisor for inappropriate behavior and put their AUM at risk, it's easier to gaslight and wear down the Associates until they quit... and then replace them with a fresh new batch of college grads every 1-2 years. One last point - if you're looking for work life balance, this is absolutely not the employer for you. It was clear to me that every department at AB was understaffed and struggling to keep up with demands from clients, and when items are time-sensitive that will have to come from your personal time (or else, you will get subpar performance ratings).

      2.0
      Jun 5, 2024

      Bad leadership

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good foot in the door for a career in finance

      Cons

      Poor leadership Good employees get overworked and bad employees skate by Leaders don’t practice what they preach

      Viewing 49 - 51 of 1,267 Reviews
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      ReviewsAllianceBernstein reviews

      Glassdoor has 1,403 AllianceBernstein reviews submitted anonymously by AllianceBernstein employees. Read employee reviews and ratings on Glassdoor to decide if AllianceBernstein is right for you.