Lehman Brothers
3.5 of 5 178 reviews
www.lehman.com New York, NY 6 to 15 Employees

Lehman Brothers Reviews

Updated Mar 24, 2014
All Employees Current Employees Only

3.5 178 reviews

                             

44% Approve of the CEO

Lehman Brothers CEO Richard Fuld Jr.

Richard Fuld Jr.

(16 ratings)

64% of employees recommend this company to a friend
49 Employee Reviews Back to all reviews
Relevance Date Rating
in
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

A good window

Summer Analyst (Former Employee)
New York, NY

I worked at Lehman Brothers

ProsAccess
Solid summer analyst program
Ability to interact with others

ConsMeritocracy until senior -levels where relationships/influence matter most
some old-boy mentality

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

I entered Lehman Brothers as an intern in 2008.

Tax Intern (Current Employee)
Jersey City, NJ

I have been working at Lehman Brothers

Proscompensation is very fair compared to other internships

ConsNo room for growth as of now

Advice to Senior Managementmore hands on projects

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Okay

Financial Reporting Analyst (Former Employee)
Dallas, TX

I worked at Lehman Brothers

ProsGreat benefits
Care for employees
Good work environment
Great Co-Workers
Great Charity Work
Integrity was a big deal
Office events was encouraged

ConsAverage Leadership
Limited opportunity for promotions
Clicks within the work environment
Sometimes uncomfortable work environment
Routine work
Inability to keep talented employees

Advice to Senior ManagementAverage Leadership that eventually led to the downfall of the company. There should be a mentor system that fosters loyalty within the employee ranks

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

An educational and growing experience in Finance.

Analyst (Current Employee)
New York, NY

I have been working at Lehman Brothers

ProsWorking with some of the brightest people in the industry.

ConsSince Bankrupcty, promotions and raises are not offered to those individuals who have shown progression and devotion to the cause. Performance reviews are not conducted.

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Capital Markets

Anonymous Employee (Former Employee)
New York, NY

I worked at Lehman Brothers

ProsThe firm was a great with a very team work and entrepreneur environment. However it often times lacked stucture and fairness for such a big firm.

ConsPromotion and bonuses dictated by naptism and favoritism. Not at all based on merit and was extremely disappointing for such a great firm.

Advice to Senior Managementdon't go bankrupt, treat your employees with more respect, don't keep around poor management because of their connections, stop underpaying your employees.

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Analyst at the Investment Banking Division

Analyst (Former Employee)
New York, NY

I worked at Lehman Brothers

ProsGreat IT infrastructure - best-in-class compared to other organizations which I have worked with. The salary and benefits are among the most generous. Its fast-pace work environment teaches you everything you need to know about corporate in approx. 6 months. Senior managers are easily accessible. Responsibilities increase substantially if one has proven himself/herself.

ConsLong working hours - unbelievably long. Very competitive and unfriendly work environment. Beware of backstabbing. Managers show no sympathy for junior people for working ultra long hours. In fact, managers believe that if one gets out of the office before midnight, that person must be lazy. Managers do not appreciate the hard work junior people put in. Managers are ridiculously demanding. Time is always wasted on mundane jobs which are results of managers' ego.

Advice to Senior ManagementPlease give more attention to employees' work-life balance. If you don't respect your employees' time, your employees will not do a good job for you. In fact, I believe that everyone hates the job.

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Summer Internship - Great People

Anonymous Employee (Former Employee)
New York, NY

I worked at Lehman Brothers

Pros- aside from intelligent and quick people, they were also fun and supportive, not the typical banking stereotype (but depends on who you get on projects, I was lucky)

Cons- hours that are typical, facetime exists

Advice to Senior Management- now transitioned to Barclays, who has been doing a great job with N.America

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Never More

Anonymous Employee (Current Employee)

I have been working at Lehman Brothers

ProsAt one point an AMAZING brand...now just a memory of what could/should have been. Such a shame that so many are out of work

ConsWe went bankrupt....is there any more to say??? Leaders lead us to a hole in the ground and made the Firm a disgrace

Advice to Senior ManagementManagers need to have open eyes at all times and be aware of what people are trying to tell them...

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Great rep, poor environment

Anonymous Employee (Former Employee)
New York, NY

I worked at Lehman Brothers

ProsPeople loved the green culture at Lehman Brothers, pay was good and firm had a great reputation which lead to opportunities

ConsSenior management was mostly incompetent as is now obvious. working there was highly hierarchical in nature, lack of respect for junior employees

Advice to Senior ManagementWell first off, i wouldn't invest so heavily in structured credit products that you do not understand. second maybe you should have taken the buyout at a fair price before the bankruptcy

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

The biggest beneficiary of Lehman Bankruptcy

Assistant Vice President (Current Employee)
New York, NY

I have been working at Lehman Brothers

ProsThe current job market' mobility is very limited. If you have a real job outside, you might not want to work with LB. Following by the bankruptcy of LB, certain employees are asked to stay with LB and worked for the liquidation. Initially it said the whole bankruptcy process will take 5-10 years - Now the forecast had changed to 2 years aggressively. Good thing about working for LB in these days are all employees are on contractual basis - so for your contract period, you do not need to worry you would lose your income. If you can survive throughout the bankruptcy process, you might be able to transit to the new company while LB exited from bankruptcy.

ConsNow LB is called as a bankrupt company. This is just a job - no future prospect. Depends on your work ethics, you might still have to work very hard but you no longer receive "performance-based" compensation. Everything is said on the contract and the majority of people shared the same terms. Lot of broken process, lot of knowledgable people left the firm and many people tried to figure out the missing process and its rationale. There are also the people from the so-called "administrator". They do not have best talents working in lehman. Some people don't even understand the investment broker-dealer terms and have literally no and light working experience in financial service industry. These people added lot of works to lehman legacy employees as Lehman legacy employees have to do FAQ for them all the time - repeatively.

Advice to Senior ManagementLehman legacy senior managment do not communicate with the lehman legacy employees anymore. The firm is run by Alvarez & Marsal.

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review
RSS Feed Embed

Worked for Lehman Brothers? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.

Glassdoor is your free inside look at Lehman Brothers reviews and ratings — including employee satisfaction and approval rating for Lehman Brothers CEO Richard Fuld Jr. All 49 reviews posted anonymously by Lehman Brothers employees.