Bullpen

DEFINITION of 'Bullpen'

The slang term given to an area where junior employees are all grouped closely together in a single room, while more senior employees graduate to more spacious work arrangements or individual offices. A bullpen seating arrangement is common within certain financial fields, particularly investment banking and investment management, where lower-level analysts all perform similar functions.

BREAKING DOWN 'Bullpen'

The idea behind bullpen seating is that a class of recent hires will join the firm at approximately the same time, undergo training together and then work together to gain experience more rapidly. Bullpen seating also serves as an informal status system, in which employees must work their way up in order to gain more luxurious working environments. It can also be interpreted as a reference to the financial term "bull," an investor or trader who takes an optimistic perspective on the market.

RELATED TERMS
  1. ABC Agreement

    An agreement made between a purchasing member with a seat on ...
  2. Multiple Employer Welfare Arrangement ...

    An arrangement where a group of employers pool their contributions ...
  3. Performance Management

    The management of employees, departments, and organizations to ...
  4. Exempt Employee

    The term “Exempt Employee” refers to a category of employees ...
  5. Available Seat Miles - ASM

    A measure of an airplane's carrying capacity available to generate ...
  6. Seat

    Membership to the NYSE. Owning a seat on the NYSE enables one ...
Related Articles
  1. Professionals

    Split-Dollar Life Insurance

    Split-Dollar Life Insurance
  2. Career Education & Resources

    How to Become a Financial Analyst

    A career as a financial analyst requires preparation and hard work, but the payoff can be especially rewarding. Here's what it takes.
  3. Personal Finance

    Top 5 Ways to Retain Your Best Employees

    You need to think beyond salary to make the most talented people want to stay on for the long term.
  4. Professionals

    Split Dollar Life Insurance: How it Works

    Understanding how split dollar life insurance plans are designed and what tax regulations they must follow.
  5. Professionals

    Other Employee Benefits

    Other Employee Benefits
  6. Personal Finance

    Three Perks Business Should Give Their Employees

    Firms that treat their employees well have a competitive advantage over their rivals. Here are three important perks to give your employees.
  7. Professionals

    Investment Analyst: Career Path and Qualifications

    Learn how to prepare for a career as an investment analyst, and read more about how many professionals in the field progress during their careers.
  8. Entrepreneurship

    5 Low-Cost Perks for Small Business Employees

    Money isn’t the only way to motivate employees. Here are some savvy strategies even the smallest business can use.
  9. Professionals

    Fringe Benefits

    CFP Online Study Guide - Employee Benefits Planning - Fringe Benefits
  10. Professionals

    Employee Stock Options

    Employee Stock Options
RELATED FAQS
  1. What is an ABC Agreement?

    Brokerage and other financial organizations usually purchase seats or memberships at the New York Stock Exchange (NYSE) for ... Read Answer >>
  2. Can LLCs have employees?

    Discover how limited liability corporations (LLC) can have an unlimited number of employees and the legal steps required ... Read Answer >>
  3. What does membership in the New York Stock Exchange entail, and why is it known as ...

    Owning a seat on the New York Stock Exchange (NYSE) enables a person to trade on the floor of the exchange, either as an ... Read Answer >>
  4. What does a merger or acquisition mean for the target company's employees?

    Learn about the likely impacts of a mergers & acquisition deal on the target company's employees, their benefits and adjusting ... Read Answer >>
  5. How do firms improve their employees' human capital?

    Learn what human capital is, how a firm can benefit from improving human capital and some ways a firm can improve its employees' ... Read Answer >>
  6. What is an available seat mile in the airline industry?

    Learn how to calculate and leverage available seat miles as a component metric of a commercial airline's operational health ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center