Lehman Brothers Reviews

Updated July 11, 2014
Updated July 11, 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

32 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great people. Great culture. Strong development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    Strong track record in departments. Growth potential at firm. Training for employees. Continuous learning. Nice outings to sports, cultural, and other events. Many incentives for employees.

    Cons

    Stock price. Important to plan time off; ie advise office of an upcoming trip. Given size of company, interaction with senior people may occur 1-2x per quarter. However, people show willingness to meet with employees at all levels.

    Advice to ManagementAdvice

    Continue to invest in employee development. Continue to pursue growth opportunities.

    Recommends
    Negative Outlook
    Approves of CEO
  2.  

    Investment Banking

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lehman Brothers

    Pros

    Great firm. It's a shame it went bankrupt.

    Cons

    No major cons at all.

  3.  

    Sad to see them go

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    Cared about the employees, medical bennies were amazing and an awesome culture

    Cons

    My experience was all positive, I loved working for Lehman Brothers

    Advice to ManagementAdvice

    NA

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  5.  

    Very happy to work at lehman

    Former Employee - Senior Database Developer  in  Jersey City, NJ
    Former Employee - Senior Database Developer in Jersey City, NJ

    I worked at Lehman Brothers as a contractor for more than 5 years

    Pros

    Good work culture, good office environment , employee welfare, women employees welfare , good career growth

    Cons

    Personally I have nothing much to say as cons for working at Lehman, everything seemed to be quite good for career and work environment

  6.  

    Great place for a summer job

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

    I worked at Lehman Brothers as an intern for less than a year

    Pros

    Interesting work, very good team.

    Cons

    Difficult time for the firm

    Recommends
    Negative Outlook
    Approves of CEO
  7.  

    WIsh I was still there.

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

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

    Pros

    Encouraged innovation throughout the organization. Empowered employees to make the firm better. team atmosphere.

    Cons

    Bankrupt, no longer in business

    Advice to ManagementAdvice

    Should have sold to KDB

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Very sad Lehman is gone

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

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

    Pros

    Great people. Great team-work culture. Great fixed-income research franchise, such as Lehman Indices and POINT.
    Ex-Lehman employees still gather on 9/15 every year to remember the good times.

    Cons

    No longer exists. Failed to get bailed out

    Advice to ManagementAdvice

    Start over

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    My brief stint at Lehman Brother

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

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

    Pros

    I was in the Operations Analyst program for the full 2 years and it was a great program. We were given books and classes about various financial topics, there were always networking events, and there was a solid structure for moving into a management role after the program was finished.

    Cons

    Some of the program was disorganized, but that's it.

    Doesn't Recommend
    Negative Outlook
  10.  

    It was a great firm to work for

    • 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

    Management listened.
    Stuff got done.
    Bureaucracy was minimized.

    Cons

    They levered up on real estate and went bankrupt.

    Advice to ManagementAdvice

    Don't bet the entire firm on the views of three people and keep it a secret from your employees.

    Doesn't Recommend
    Negative Outlook
  11.  

    it was a great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Administrative Assistant  in  Jersey City, NJ
    Former Employee - Administrative Assistant in Jersey City, NJ

    I worked at Lehman Brothers

    Pros

    everyone was a team and pulled together to get projects completed

    Cons

    some people didn't do their work.

    Advice to ManagementAdvice

    at times the groups were cliques and lots are favorites

    Recommends
    No opinion of CEO

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