Bernstein
Hey all,
I’m new to the world of ER (pivoting away from IB) and am very curious about Bernstein.
Seems like a nice place and would love to learn more about it, if anyone’s got any info that would be super useful and appreciated!
AB was historically one of the top research firms outside of the top bulge brackets (kinda like the OG Wolfe research). I think they are still really good brand wise but don't really know where they rank anymore, probably top 10-15? Not sure if anyone has told this but analyst personality is much much more important than firm. You could have an II ranked hall of famer but works at like Stifel (no shade to them). If you are looking for that "brand" recognition for your resume, AB is good but I'd shoot for a Wolfe or any bulge bracket. But be warned that analysts dictate our lives here.
Thanks for this comment, super helpful on the perception! Was also a bit confused as to the various Bernstein brands ? I see AB, but also Berstein-Soc Gen and I think another just 'Bernstein', do you happen to know what are the differences between the firms ? (hear AB is more of a buyside thing but could've been misinformed here)
AllianceBernstein (AB) is the buy-side, Bernstein-Socgen is the new joint venture they agreed upon to provide equity research to Societe Generale clients. I think Bernstein-Socgen is still considered Bernstein but I'm not too sure really.
Absolutely not. Wolfe has a better rank but it is by no means a better shop than Bernstein in respects to pay / prestige. Wolfe’s model is to overstaff teams with juniors from super non target backgrounds with the expectation that they are an associate for life or move on from Wolfe. Alliance pays significantly more and is more selective with who they hire. People on the Buyside know this too
Any details on their interview process?
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