Lehman Brothers

  www.lehman.com
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Lehman Brothers Reviews

Updated May 29, 2014
All Employees Current Employees Only

3.5 183 reviews

40% Approve of the CEO

Lehman Brothers CEO Richard Fuld Jr.

Richard Fuld Jr.

(20 ratings)

64% of employees recommend this company to a friend

Review Highlights

Pros
  • Great work life balance and financial packet(in 14 reviews)

  • Ahead of other investment banks in promotion of women(in 15 reviews)


Cons
  • Managers show no sympathy for junior people for working ultra long hours(in 18 reviews)

  • Towards the end there was morebegoninvolved by he senior management and that led to the rims downfall(in 14 reviews)

74 Employee Reviews Back to all reviews
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in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Lost my shirt at Lehman

    Associate (Current Employee) New York, NY

    ProsLehman has a very fair worklife balance and good base salary. The bonus compensation was a bit on the cheap to lower side. Generally, Lehman is great as a family oriented firm if you have other obligations outside of work that you can work out to be at home and work remotely. The base salary is competitive but they try to sell you on the bonus structure being mostly stock heavy.

    ConsVery conservative attitude of all employees and uptight feeling in the air. Everyone just needs to loosen their collars and breath a little bit more.

    They don't mention this that the promotion committee is so strict on who gets promoted and very cheap on the incremental pay.

    Advice to Senior ManagementSell when you had the chance. Now we're all screwed out of jobs.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    • Disapproves of CEO

     

    Was a great place to work, but having trouble focusing because of the current situation

    Sales Vice President (Current Employee) New York, NY

    ProsQuick recognition if you do a good job- if you do a good job, you will move up quickly.

    Good pay vs other banks and the benefits are now similar to our peers.

    ConsHard to focus with the current situation and senior management does not do a good job communicating.

    Advice to Senior ManagementCommunicate Communicate Communicate- feels like we have been learning of current situations through the media.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    • Approves of CEO

     

    Reflecting Lehman

    Business Analyst (Current Employee) New York, NY

    ProsCulture, Business Strategy, Global Presence, Well-Connected, Competitive

    ConsToo late to diversify exposure to real estate business and now the company may be in a risk to go the same path as Bear.

    Advice to Senior ManagementCommunicate more to people in times of trouble

    Yes, I would recommend this company to a friend

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

     

    Great place to work, if you can keep operating given all the market speculation right now.

    Research Analyst (Former Employee) New York, NY

    ProsBright, supportive people who definitely will help ensure your professional growth.

    ConsLong hours and current market environment.

    Advice to Senior ManagementAt times, try to be more forthright with information that might affect the careers of your employees.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    • Approves of CEO

     

    The people and culture differentiate Lehman Brothers.

    Analyst (Current Employee) New York, NY

    ProsThe best part about Lehman Brothers is the culture, hands down. All Wall Street firms have investment banking, capital markets, investment management, etc., but what differentiates Lehman is the team-based work environment and people. When you're working 10 - 16 hours a day (depending on the department in which you work), you want to be around people who can, for example, not only answer your questions about interest rate derivatives but also carry on a conversation about their favorite YouTube videos. Lehman Brothers' employees are genuinely kind people who look out for the best interests of the team and the Firm, making it truly "One Firm."

    ConsThe downside of working at Lehman Brothers is the constant fear that the Firm might become the next Bear Stearns. It's not necessarily something inherently wrong with the Firm itself, but the overwhelming media attention from the financial press definitely puts a damper on morale.

    Advice to Senior ManagementIt would be beneficial to receive more open communication from Senior Management .

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    • Approves of CEO

     

    Review on Lehman Brothers

    Operations Analyst (Current Employee) New York, NY

    ProsIts culture, and the firm really invests in its people by offering a lot of networking events and classes.

    ConsSenior management doesn't communicate much with its employees.

    Advice to Senior ManagementThey should proactively communicate more with its employees on both professional and personal levels.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    • No Opinion of CEO

     

    could have been great

    Vice President (Former Employee) West Palm Beach, FL

    ProsTreated employees well; support from HR good. They have a great opportunity to think global and provide leadership for national viewing, but have not been able to grasp it.

    Conslack of direction and path - seems to lack overall vision of what they want to be and where they want to go creating tremendous waste. Seems they are being pulled in too many different directions, and the upper execs are so focused on making money that they wound up missing the boat.

    Advice to Senior Managementlisten to local managers more and improve communications

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    • Approves of CEO

     

    Good place to work

    Associate (Current Employee)

    ProsCompensation and benefits are great. Within information technology the day to day duties are not stressful and management is mindful of this.

    ConsVery large company. People can drown here if you're not careful

    Advice to Senior ManagementBetter communication to employees

    • Work/Life Balance
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    • Approves of CEO

     

    Lehman Brothers, you either like it or hate it

    Junior Analyst (Current Employee) New York, NY

    Pros1. Corporate culture
    2. Compensation
    3. Room for growth

    Cons1. Sometimes Junior Analysts aren't treated with too much respect
    2. Hours
    3. Competition

    Advice to Senior ManagementGive more feedback to analysts.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    • Approves of CEO

     

    Lehman Great company needs to be a bit more forward thinking.

    Associate (Current Employee) Chicago, IL

    ProsThere is room for advancement and the people are great. I work with some of the smartest people in the world!

    ConsYou get to much of your compesation in Stock.

    Advice to Senior ManagementListen to peolpe in the field. I feel like there is a strong disconnect between senior management and people on the front lines.

    Yes, I would recommend this company to a friend

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