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

Lehman Brothers Reviews

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
16 Employee Reviews Back to all reviews
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    Ok place to be given compensation and work-life balance

    Anonymous Employee (Current Employee)
    New York, NY

    ProsCompensation, work-life balance, and relative lack of stress are all benefits of working at the Lehman Estate in bankruptcy these days

    ConsOver time, the finite end to the bankruptcy and lack of urgency surroudning many activiites can be somewhat dispiriting and demotivating

    Advice to Senior ManagementMore effective communication with staff about the firm's goals, direction and plans would be welcome. It would have some positive impact on morale

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    I entered Lehman Brothers as an intern in 2008.

    Tax Intern (Current Employee)
    Jersey City, NJ

    Proscompensation is very fair compared to other internships

    ConsNo room for growth as of now

    Advice to Senior Managementmore hands on projects

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    An educational and growing experience in Finance.

    Analyst (Current Employee)
    New York, NY

    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

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    Never More

    Anonymous Employee (Current Employee)

    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

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    The biggest beneficiary of Lehman Bankruptcy

    Assistant Vice President (Current Employee)
    New York, NY

    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

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    If you get a great manager then you will love it.

    Ops Analyst (Current Employee)
    New York, NY

    ProsFor the operations class you get overtime which is wonderful. In addition, a work life balance is encouraged. The second most important thing is to network. If you do not do this then you will be stuck an analyst forever. Therefore you must attend events with WILL and various volunteer gigs. If you get sick then there is always a nurse and rest rooms. If they think that you need to go home, they send you off in a town car. Typically your managers are great and there is no closed door. People are really nice and laid back.

    ConsYour expierance all depends on your manager. If you work in the New Jersey office and plan on moving to front office BEWARE. You much absolutely network your butt off to get ahead. Try to meet MD's or VP's from other groups, it would typically be middle office. From there you would network with the sales traders. Visit the trading floor as much as possible and try to attend as many happy hours as you can. These are the keys to success as lehman. It is not who you know, rather it is who knows you. Oh and be friendly and laid back and you will fit in.

    Advice to Senior ManagementEncourage mobility and increase bonuses for the support function. They are very very small compared to the other banks.

    Yes, I would recommend this company to a friend

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    Icarus flew too close

    IT Manager (Current Employee)
    New York, NY

    ProsAt the time it was the network possibilities. Just had to pick a rout and bust your ***.

    ConsObviously, they made some bad moves and were over comfident that the Governemtn "corporate welfare" would kick in. Out of my hands though.

    Advice to Senior ManagementDon't get overconfident and "trust but verify". When you think you're on top of the world, take a few minutes and to look around, you might just be standing in a wide hole.

    No, I would not recommend this company to a friend

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    Lehman survivors.

    Anonymous Employee (Current Employee)
    New York, NY

    ProsNow there aren't many. If you happen to work in the businesses that ae sold you'll be the man that knows situation the bst and you'll have safety. whatever doesn't kill you will make you stonger.

    ConsIt was very stresfull ecently when we were allowed to fail. People were thinking about leaving only.

    Advice to Senior ManagementIt's too late now, but don't get too leveraged and be conservative always.

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    Good company for starters. Will enjoy the exposure and knowledge sharing culture.

    Assistant Vice President (Current Employee)

    ProsIt was a great place to start my career in Wall street. Lots of opportunities for self motivated people. The place gave good exposure and knowledge sharing opportunities for its employees. Being a smallish company in extra ordinarily tough times, it had its share of challenges..

    ConsIT dept is not sufficiently resources/funded.

    Advice to Senior ManagementImprove communication.

    No, I would not 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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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 16 reviews posted anonymously by Lehman Brothers employees.