Pros
people are nice and environment is dynamic and active. During the last few years with Bear Stearns, I met a lot of great people there. As a number 5th investment bank firm (of couse it is the history), the long history of the firm brought me into the world of trading US investment bank environment. I was working in Security Transaction department and be responsible to equity trading. Different from other investment banks I worked, here they worked in the way of relationship first approach and I am not the right person to comment if it is a good approach as there is no chance to change and test it for differnece. But I loved the enviroment indeed to work out the business in friendship and brotherhood.
Cons
less organized and with more ad-ho issues to handle