This paper investigates the effect of hydrodynamic thrust bearings on the nonlinear vibrations and the bifurcations occurring in rotor/bearing systems. In order to examine the influence of thrust bearings, run-up simulations may be carried out. To be able to perform such run-up calculations, a computationally efficient thrust bearing model is mandatory. Direct discretization of the Reynolds equation for thrust bearings by means of a Finite Element or Finite Difference approach entails rather large simulation times, since in every time-integration step a discretized model of the Reynolds equation has to be solved simultaneously with the rotor model. Implementation of such a coupled rotor/bearing model may be accomplished by a co-simulation approach. Such an approach prevents, however, a thorough analysis of the rotor/bearing system based on extensive parameter studies.A major point of this work is the derivation of a very time-efficient but rather precise model for transient simulations of rotors with hydrodynamic thrust bearings. The presented model makes use of a global Galerkin approach, where the pressure field is approximated by global trial functions. For the considered problem, an analytical evaluation of the relevant integrals is possible. As a consequence, the system of equations of the discretized bearing model is obtained symbolically. In combination with a proper decomposition of the governing system matrix, a numerically efficient implementation can be achieved.Using run-up simulations with the proposed model, the effect of thrust bearings on the bifurcations points as well as on the amplitudes and frequencies of the subsynchronous rotor oscillations is investigated. Especially, the influence of the magnitude of the axial force, the geometry of the thrust bearing and the oil parameters is examined. It is shown that the thrust bearing exerts a large influence on the nonlinear rotor oscillations, especially to those related with the conical mode of the rotor. A comparison between a full co-simulation approach and a reduced Galerkin implementation is carried out. It is shown that a speed-up of 10–15 times may be obtained with the Galerkin model compared to the co-simulation model under the same accuracy.