Lehman Brothers Reviews

Updated May 29, 2014
Updated May 29, 2014
184 Reviews
4.1
184 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
20 Ratings

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)

More Highlights

74 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good experience at the time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Analyst  in  New York, NY
    Former Employee - Investment Banking Analyst in New York, NY

    I worked at Lehman Brothers full-time for more than a year

    Pros

    Good culture/ reputation at the time

    Cons

    Firm took too much risk

    Advice to ManagementAdvice

    n/a

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Great Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate  in  New York, NY
    Former Employee - Associate in New York, NY

    I worked at Lehman Brothers full-time for more than a year

    Pros

    Great people, challenging environment with career growth opportunities and strong mentors!

    Cons

    Lack of work life balance

  3.  

    I work for Lehman Bros.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Aviation  in  New York, NY
    Current Employee - Aviation in New York, NY

    I have been working at Lehman Brothers as a contractor for more than 3 years

    Pros

    Money, Location, Culture, People, great team

    Cons

    Bankruptcy, Long hours, management too aggressive with risk, greed, and cut-throat policies

    Advice to ManagementAdvice

    too late for that

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    analyst / structuring

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Lehman Brothers full-time for more than a year

    Pros

    great people, gave lots of responsibility early on

    Cons

    hard to move laterally between desks

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Built derivatives trades reconciliation/valuation models

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lehman Brothers

    Pros

    great company with lots of smart people

    Cons

    too big that you are not noticable to senior management

  7.  

    Great culture and people; company ruined by management at the very top

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Analyst  in  New York, NY
    Former Employee - Research Analyst in New York, NY

    I worked at Lehman Brothers full-time for more than 3 years

    Pros

    Fast-paced environment
    Great culture and benefits
    Good career mobility
    Research department is very collegial

    Cons

    Bankruptcy
    Times Square location
    Long hours
    Top management too aggressive with risk

    Advice to ManagementAdvice

    Take less risk

    Recommends
    Negative Outlook
    Disapproves of CEO
  8.  

    Enjoyed my time there

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Vice President, Investment Banking  in  New York, NY
    Former Employee - Senior Vice President, Investment Banking in New York, NY

    I worked at Lehman Brothers full-time for more than 3 years

    Pros

    Very good compensation, fair amount of autonomy from management, enjoyed most of the people I worked with. Ahead of other investment banks in promotion of women.

    Cons

    Too many lateral hires caused culture to be poorly defined; there were disparate values among employees.

    Advice to ManagementAdvice

    Too late now, but I would have suggested trying to grow more from within.

    Recommends
    Negative Outlook
    Approves of CEO
  9.  

    Financial analyst at Leh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance Analyst  in  New York, NY
    Former Employee - Finance Analyst in New York, NY

    I worked at Lehman Brothers full-time for more than 3 years

    Pros

    nice culture, great environment , friendly people

    Cons

    bankrupcy and so and so and so, but over all bankrupcy

    Advice to ManagementAdvice

    create a new company

    Doesn't Recommend
    Approves of CEO
  10.  

    Was a great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Lehman Brothers full-time for more than 3 years

    Pros

    Lehman had a challenging, albeit cut throat, dog-eat-dog environment. It had great expense reimbursement, held costs down while allowing you to travel like a king.

    Cons

    Well, it went down the tubes due to stupid real estate investments and pretty much took the whole US economy with it. So that's how Lehman will be remembered, instead of as the American Economic Engine that is was for 158 years...

    Advice to ManagementAdvice

    Too late now for advice.

    Doesn't Recommend
    Negative Outlook
  11.  

    Overall Great I Would Still Be There

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Information Security Analyst  in  Jersey City, NJ
    Former Employee - Information Security Analyst in Jersey City, NJ

    I worked at Lehman Brothers full-time for more than 5 years

    Pros

    At the forefront of technology. The company was years ahead of others in terms of technology.

    Cons

    I had seen many people leave and come back with higher salaries and titles, but other who stuck around did not see the same type of promotions and raises.

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