AllianceBernstein reviews

Depends on the FA team you get put on. Some are better to work for than others. Some give personal bonuses that are awesome and others give you like a $50 gift card. Volume is high regardless of the team because you’re almost constantly understaffed due to turnover. They’re trying to fix it by raising salaries for senior associates because after that 3-4 year mark, everyone would leave for higher salary elsewhere. Bernstein rewards those who stay but you have to stick it out. They’ve promised to be more transparent with salaries and bonuses at the associate level but they haven’t put out any kind of chart or specific range so while they’ve preached transparency, it was only lightly mentioned and dances around during YE conversations. And then they tell you your salary is confidential and you’re not allowed to discuss with other associates. But this is 2022 so we’re not gatekeeping that information anymore.

Your experience at AB greatly depends on what department you're in. I was in Private Wealth Management in New York City, and I can say with absolute certainty that the location and department has a sexism problem. Qualified, registered, passionate women are frequently held back and not promoted over their less experienced/less qualified male counterparts. I'm not sure if this sexism is rooted in an issue with the financial advisers or with management, but almost every woman I know who has left the company would agree that sexism is rampant and real in this department. Centralized Human Resources needs to be aware of this issue and open a formal investigation. I wouldn't be surprised to see a lawsuit arise in the next few years if things don't change. It's also incredibly hard to switch departments, so most disappointed women resort to leaving the company instead of switching departments.