Lehman Brothers

www.lehman.com
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39 Employee Reviews Back to all Reviews

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  1.  

    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 (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
  2.  

    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 (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
  3.  

    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 (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
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  5.  

    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 (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
  6.  

    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
  7.  

    I miss Lehman Brothers

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

    I worked at Lehman Brothers

    Pros

    Great Benefits ,Great Culture,Diversified. I enjoyed management and the company was very laid back

    Cons

    Long Hours
    Hard to move up

    Advice to ManagementAdvice

    It was the best bank

    Recommends
    No opinion of CEO
  8.  

    Best place I ever worked. I'm heartbroken that it's over.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Vice President Technology
    Former Employee - Vice President Technology

    I worked at Lehman Brothers

    Pros

    The culture was great. They hired the best and the brightest, and I worked with some of the most talented engineers and managers that I ever encountered. We were encouraged to take an entrepreneurial approach to our work in IT, and were rewarded for it when the system or app generated revenue or furthered the business' objectives.

    There was great opportunity to network thru several diversity groups. Training and education was encouraged and readily available. They fully supported work-life balance and work from home (job - permitting, of course).

    The work was hard, the hours were long, and the rewards were great. At the end of a day, I left the office exhausted and proud of what my team accomplished. It was the best 10 years of my working career. I met and worked with some remarkable individuals and established professional and personal friendships with people I will treasure, always.

    Cons

    Biggest downside: The bankruptcy. It is incredibly sad. Barclays should have been a silver lining, but sadly, the great things about Lehman and it's culture did not carry over after the acquisition.

    Advice to ManagementAdvice

    I'm with you in wishing the clock could be stopped or rolled back to before the collapse. I wish it could have gone on forever.

    Approves of CEO
  9.  

    A great place to work, period.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Customer Service
    Former Employee - Customer Service

    I worked at Lehman Brothers

    Pros

    They are no longer around but I am sure Barclays will be the same way. Great pay, communication and training programs. Tons of perks and a highly well run company, very professional. Everything had its own "Lehmanized" feeling to it. The background check was highly thorough and extensive. The training was highly helpful and learning the material was fairly easy thanks to great teachers. Overall, the company was willing to work with you over hours and other accommodations, but highly frowned upon bad decision making.

    Cons

    They closed, so no opportunity for growth. They also did not offer me any benefits, but I believe there benefit programs are usually top notch

    Advice to ManagementAdvice

    Keep up the good work but perhaps be a little better at communicating

    Recommends
    Disapproves of CEO
  10.  

    Great people and office, but tough hours

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Banking Analyst in Menlo Park, CA
    Current Employee - Investment Banking Analyst in Menlo Park, CA

    I have been working at Lehman Brothers

    Pros

    The people in the office are great, although turnover is high given the nature of the industry. There is great deal flow and not so much face time as required by other firms, especially becuase it is in the west coast. Lots of industry coverage within the technology group, so you won't be confined just to semiconductors, or internet, for example. The office is pretty nice as well. There is also a good amount of diversity in terms of people's background. Work / life balance was okay as the staffer was pretty accomodating to personal vacation schedules, to a certain extent.

    Cons

    Obviously, banking hours are tough and unpredictable, and this is true at Lehman Brothers too. Also, there is lot of competition from Goldman, Morgan, etc., so you won't always see the office get hired for the biggest or most prestigious deals. Compensation at Lehman, overall, seemed to be lower than other firms, so hopefully it will be better now at Barclays. This is mainly as a firm overall, not the Menlo Park office. Finally, being in Menlo Park, you are more of a satellite office, with the other half of the tech group being baesd in New York City, NY.

    Advice to ManagementAdvice

    Better compensation

    Recommends
    No opinion of CEO
  11.  

    The sad tale for lehman

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    Great place to work. People are cordial, and welcoming. The culture is strong yet inclusive. Management is very approachable, and responsibilities are high. I would say like any BB, Lehman was a prestigious place to work. In IBD you need to work somewhere where you feel proud to be because the hours will wear on you after a while.

    Cons

    Job security, obviously, working there during the summer was less risky then a full time position, but you still had to question whether or not the company would make it through. Although Lehman went bankrupt, it should be interesting to see what happens with former Lehmanites going to Barcap. In that regard the new firm would be a melting pot for both entities especially in NA.

    Advice to ManagementAdvice

    none

    Recommends
    No opinion of CEO

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