Lehman Brothers
3.5 of 5 182 reviews
www.lehman.com New York, NY 6 to 15 Employees

Lehman Brothers Reviews

Updated May 2, 2014
All Employees Current Employees Only

3.5 182 reviews

                             

37% Approve of the CEO

Lehman Brothers CEO Richard Fuld Jr.

Richard Fuld Jr.

(19 ratings)

64% of employees recommend this company to a friend
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    culture of the team you work for is everything

    Sales Associate (Current Employee)
    New York, NY

    Prosrelatively laidback culture, good mobility options when times are good

    Conslack of communication from managers

    Advice to Senior Managementprovide more communication about future changes that might occur and what they are thinking in terms of leading the firm out of this crisis

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    Great place to get your feet wet in finance.

    RMBS Financial Analyst (Current Employee)
    Denver, CO

    ProsGreat benefits, work-life balance and place to get your feet wet. Discover your core competencies here and refine your technical skills. Lehman Brothers is a great brand to have on your resume and will definitetly help you out on your career path.

    ConsBonuses are currently non-existing, yet used in the initial recruitment of employees and considered in "Total Compensation". Raises are also minimal and barely keeping up with inflation. CEO is rewarded with bonuses, even when Firm is struggling. Transportation Program needs to be fully subsidized by the Firm.

    Advice to Senior ManagementRecognition needs to be given for all individuals on high visibility projects. Spotlight needs to be shared and the competitive environment needs to be more collaborative. This increases employee morale, motivation and engages the employee.

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    Its cut and try business. Either you love it or you don't.

    Portfolio Administrator (Current Employee)
    New York, NY

    ProsGreeat reputation and very competitive benefits. The salary range varies widely, but it is nevertheless competitive.

    ConsThere are a lot of cliques and the environment can be like "adult high school" all over again. Are not genuine when welcoming outsiders. Very fake in many aspects. Because of this it might be difficult for some to advance. Seniority, not genuise, plays precedent at LEH, which isn't always healthy.

    Advice to Senior ManagementGreat ideas spurt from the root. Look to ALL people below you for great ideas for growth and company improvements.

    Yes, I would recommend this company to a friend

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    Good place to work but management communicates little. Very little

    Associate (Current Employee)
    New York, NY

    ProsLehman is a great place to work because of its rep. It's a strong investment house with strong senior senior management. I will not speak to the everyday managers but senior (executives) mgmnt is very knowledgeable and have a good sense of direction of the markets. Some of their hedging policies might be too conservative and tight but still they are not known for being the out-of-control cowboys. This is good and bad. Can’t make much because you’re not risking enough. But then again one should not emulate Bear Stearns. Career Opportunities here are good. Management actually prefers when you move around. Learn as much as possible. Contribute as much as possible. This is a great tactic and its works on both sides of the street.

    ConsThe culture. Even though it’s communicated strong and entact it seems that it’s anything but. I do love my colleagues; But its management. Management is key to success in any corp. When your management does not acknowledge you, does not say good morning, is not appreciative of the work you provide, will never say thank you, not even once - think about that for a moment - it gets under your skin. When you work for a "amazing" co such as lehman and then you have its rep tarnished because you’re constantly working with these type of people than you must think "is this the place for me?? Would Morgan or Goldman treat me - even a notch - better?"

    Advice to Senior ManagementMy advice to Senior Management is to review some of the complaints logged by HR. If you read that a person is constantly being questioned or complained about by his own subordinates please get rid of him...I mean c'mon. I don’t want to be rash and let him go the 1st or 2nd time of logged complaints. But how bout when the complaints amount to the same thing logged by 5 or 6 diff subordinates?? How fair is it to your employees?? They are your employees aren’t they?? I keep hearing something about "Our people are our greatest asset!!" What’s the flip-side to that coin?? "Yes they are great but we will keep them in misery by providing SVPs that curse (that’s right - CURSE) at you on a daily basis?? (An example that ignites this behavior would be to forget a period at the end of a sentence in some inner-departmental estimate report. That's right - 1 period). Is this and Investment Banking House or an English grammar class

    Yes, I would recommend this company to a friend

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    Good place to gain experience but lacks innovation in IT

    Senior Web Developer (Current Employee)
    New York, NY

    ProsLehman generally hires well-meaning intelligent people. It has a stable work environment. (At the moment) It is high pressured but not overly so. It offers great benefits and an understanding of personal life. They match 401K. People are firm oriented and work well together.

    ConsThere is lack of innovation in the IT field. It's very beurocratic and systematized. There is a robotic corporate culture. Innovators and star performers can find better places. They are behind the times and move at the pace of a large corporation. There is not good communication between departments. Salaries are low for the field. Bonuses vary with market conditions.

    Advice to Senior ManagementStop adding "systems" to monitor your employees and get in the trenches with them! You will know your own company much better.

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    Good place to start career in finance; difficult place to work long-term

    Investment Banking Analyst (Former Employee)
    Menlo Park, CA

    ProsGood opportunity to develop a base of experience/knowledge in finance/capital markets quickly. Surrounded by smart, motivated people. Pay is quite good for someone right out of undergraduate, and pay can rise very quickly for those who are willing to commit themselves to the job.

    ConsLong hours, some difficult personalities, usually intense time pressures that can create stress. As with all investment banking programs, there are the typical irritations including obsessive focus on editing and re-editing powerpoint presentations. Another downside is that Lehman Brothers is not one of the leading banks on the corporate finance side, so they do not always get the best deals to work on.

    Advice to Senior ManagementBetter communication with all employees would be helpful

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    Good culture, good people

    Summer Intern (Current Employee)
    New York, NY

    ProsThe summer analyst program offers college juniors a ten-week internship position. During the internship, you are placed in either one of the fixed income sales, trading, origination or research areas or in one of the equity sales, trading or research areas. In addition to the exposure you will receive from the day-to-day flow of business, you will often be asked to assist in a variety of special projects for a particular business group. As an analyst, you will benefit from having both a junior mentor and a senior mentor to provide guidance throughout the summer. You also participate in weekly workshops and business seminars to quickly bring you up to speed with all areas of our Firm.

    ConsRecent troubles cast doubts on abilities of management.

    Advice to Senior ManagementNo comment.

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    Excellent working for LB, equal employer

    Project Manager (Former Employee)
    Mumbai (India)

    ProsExcellent culture
    Work Life balance
    Open door policy
    Bonuses
    Benefits

    ConsNo Cons it was a great company to work and helps in career development

    Advice to Senior ManagementEmphasize on increasing productivity and efficiency by applying industry cost cutting measures

    Yes, I would recommend this company to a friend

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    Bankrupt

    Anonymous Employee (Former Employee)

    ProsRelatively friendly environment compared to other big investment banks. Does it matter any more?

    ConsA lot of big talking traders and weird management that is more concerned about your working attire than the work you produce.

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    Great Fun

    Treasury Analyst (Current Employee)
    City of London, England (UK)

    ProsPart of the biggest bankruptcy in history. All very exciting!

    ConsGoing bankrupt creates bad morale, especially when its done before pay day.

    Advice to Senior ManagementDont go bust

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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