Lehman Brothers Reviews

Updated February 2, 2015
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54 Employee Reviews

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  1. Great growth until the eventual collapse

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

    I worked at Lehman Brothers full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Cutting edge when it comes to technology.
    Used to be some great people to work with.
    What else can you say about a company that no longer exists?

    Cons

    We all know how this story ended.
    As the company grew, employees needs mattered less and less. It became a numbers game and employees were treated as such... a replaceable number.
    If you worked less than 50-60 hours a week, you were viewed as a slacker.

    Advice to Management

    Treat your employees with respect and they will respect you back.


  2. Proud of working there.

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

    I worked at Lehman Brothers

    Recommends
    Recommends

    Pros

    Name brand is the reason for working there.

    Cons

    The management was lack of ability to avoid bankruptcy.


  3. Ok place to be given compensation and work-life balance

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

    I have been working at Lehman Brothers

    Disapproves of CEO
    Disapproves of CEO

    Pros

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

    Cons

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

    Advice to Management

    More 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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  5. A good window

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

    I worked at Lehman Brothers

    No opinion of CEO
    No opinion of CEO

    Pros

    Access
    Solid summer analyst program
    Ability to interact with others

    Cons

    Meritocracy until senior -levels where relationships/influence matter most
    some old-boy mentality


  6. I entered Lehman Brothers as an intern in 2008.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tax Intern in Jersey City, NJ
    Current Employee - Tax Intern in Jersey City, NJ

    I have been working at Lehman Brothers

    Approves of CEO
    Approves of CEO

    Pros

    compensation is very fair compared to other internships

    Cons

    No room for growth as of now

    Advice to Management

    more hands on projects


  7. Okay

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Reporting Analyst in Dallas, TX
    Former Employee - Financial Reporting Analyst in Dallas, TX

    I worked at Lehman Brothers

    No opinion of CEO
    No opinion of CEO

    Pros

    Great benefits
    Care for employees
    Good work environment
    Great Co-Workers
    Great Charity Work
    Integrity was a big deal
    Office events was encouraged

    Cons

    Average Leadership
    Limited opportunity for promotions
    Clicks within the work environment
    Sometimes uncomfortable work environment
    Routine work
    Inability to keep talented employees

    Advice to Management

    Average Leadership that eventually led to the downfall of the company. There should be a mentor system that fosters loyalty within the employee ranks


  8. An educational and growing experience in Finance.

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

    I have been working at Lehman Brothers

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Working with some of the brightest people in the industry.

    Cons

    Since Bankrupcty, promotions and raises are not offered to those individuals who have shown progression and devotion to the cause. Performance reviews are not conducted.


  9. Capital Markets

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

    I worked at Lehman Brothers

    No opinion of CEO
    No opinion of CEO

    Pros

    The firm was a great with a very team work and entrepreneur environment. However it often times lacked stucture and fairness for such a big firm.

    Cons

    Promotion and bonuses dictated by naptism and favoritism. Not at all based on merit and was extremely disappointing for such a great firm.

    Advice to Management

    don't go bankrupt, treat your employees with more respect, don't keep around poor management because of their connections, stop underpaying your employees.


  10. Analyst at the Investment Banking Division

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

    I worked at Lehman Brothers

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Great IT infrastructure - best-in-class compared to other organizations which I have worked with. The salary and benefits are among the most generous. Its fast-pace work environment teaches you everything you need to know about corporate in approx. 6 months. Senior managers are easily accessible. Responsibilities increase substantially if one has proven himself/herself.

    Cons

    Long working hours - unbelievably long. Very competitive and unfriendly work environment. Beware of backstabbing. Managers show no sympathy for junior people for working ultra long hours. In fact, managers believe that if one gets out of the office before midnight, that person must be lazy. Managers do not appreciate the hard work junior people put in. Managers are ridiculously demanding. Time is always wasted on mundane jobs which are results of managers' ego.

    Advice to Management

    Please give more attention to employees' work-life balance. If you don't respect your employees' time, your employees will not do a good job for you. In fact, I believe that everyone hates the job.


  11. Summer Internship - Great People

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

    I worked at Lehman Brothers

    No opinion of CEO
    No opinion of CEO

    Pros

    - aside from intelligent and quick people, they were also fun and supportive, not the typical banking stereotype (but depends on who you get on projects, I was lucky)

    Cons

    - hours that are typical, facetime exists

    Advice to Management

    - now transitioned to Barclays, who has been doing a great job with N.America



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