My Life At Bear Stearns: Not Just Sitting Around Waiting To Get Fired!

From Clusterstock: New York Magazine recently said Bear Stearns (BSC) employees didn’t need sympathy because they were being paid to do, well, nothing. But that’s not true! They’re are also playing video games and board games like the word guessing party game Taboo.

In fact, a Bear Stearns first-year banker we spoke to describes doing many things during a very short employment at the company:

Summer Training:

From the day I got there, I knew things weren’t right. When we were doing Thompson training, the lady teaching the class was using Bear Stearns as an example stock. Every time she came back to the main research page, after she showed us some software feature, Bear’s stock was down another $5.

On The Job:

When I got there, the job didn’t seem like the horror stories I had heard. Most of the first-years weren’t very busy. We would routinely congregrate around each other’s desks and have hour-long discussions about how crappy the market was doing.

Continue reading on Clusterstock >

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