employer cover photo
employer logo
employer logo

AllianceBernstein

Is this your company?

AllianceBernstein reviews

3.6

57% would recommend to a friend

(1,270 total reviews)
avatar

Seth Bernstein

75% approve of CEO

54% positive business outlook

AllianceBernstein has an employee rating of 3.6 out of 5 stars, based on 1,270 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
Jul 12, 2024

Poor Risk Management

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Work-life balance, if your team has enough resources

Cons

Very strange promotion policies: they often promote you without raise. Who wants more responsibilities with no raise...? Good luck if you are not in the investment side or sales. The executives have poor understandings of non-investment risks and never allocate appropriate budget, so talented people leave for better oppotunities elsewhere.

2.0
Jul 10, 2024
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).

3.0
Jul 10, 2024
Recommend
CEO approval
Business Outlook

Pros

Great brand name and excellent training

Cons

No cons but hard to move up

Viewing 184 - 186 of 1,270 Reviews

Glassdoor has 1,406 AllianceBernstein reviews submitted anonymously by AllianceBernstein employees. Read employee reviews and ratings on Glassdoor to decide if AllianceBernstein is right for you.