Lehman Brothers

www.lehman.com

Lehman Brothers Reviews

Updated January 29, 2015
Updated January 29, 2015
196 Reviews
3.9
196 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
23 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
  • Bankruptcy, Long hours, management too aggressive with risk, greed, and cut-throat policies (in 20 reviews)

  • Towards the end there was morebegoninvolved by he senior management and that led to the rims downfall (in 15 reviews)

More Highlights

37 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    how it used to be

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

    I worked at Lehman Brothers

    Pros

    Smart people. Competitive. You learn a lot just from other people, but you also have access to a lot of research and training. On-going training in particular is highly encouraged and supported by managers. From my observations, people are quite empowered at most levels and departments within the firm, given a lot of responsibility, not what you might expect from a very large firm.

    Cons

    Technology in many departments is dated and inefficient. Management slow to implement changes and alter the status quo. You know you are at a large, bureaucratic firm and feel the frustrations associated with seeing things slow to change and seeing no action taken by management to fix known problems. But this is no more pronounced than with any other large firm in my experience.

    Advice to ManagementAdvice

    NA

    Recommends
    No opinion of CEO
  2.  

    Outstanding people and talent, it's a shame what happened

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

    I worked at Lehman Brothers

    Pros

    The people who work(ed) at Lehman are truly the best and brightest in the industry. Despite being incredibly talented across the board, pretentious attitudes were few and far between. The work culture was supportive and encouraging, with teamwork and a common pride in the business being prevalent at all levels. This makes what happened even more of a tragedy, particularly given that this firm was at the top of the industry in almost all disciplines.

    It is important to remember that Lehman was driven under by heightened, albeit not abnormal, leverage and abject fear and rumor mongering that pervaded every corner of the capital markets. The competency of its employees and the capabilities of its businesses were not determining factors, and the avalanche of compounding negative events could have taken any similar firm down. The same exact thing happened to Bear, and may very well have happened to Merrill, Morgan, or Goldman, which was evidenced by their actions to swiftly take themselves out of the game altogether.

    All said, if the people and culture have remained largely intact, the operations purchased by Barclays may present a similarly attractive workplace.

    Cons

    The hours can naturally be a drag at times, but it is nothing out of the ordinary. If one wishes to participate in this industry, there is a certain level of sacrifice that will inherently be required. At times, this will involve waking up very early, not returning home until very late, and generally working more than you would otherwise prefer to.

    Advice to ManagementAdvice

    Given the events that have unfolded, there is not much to say at this point.

    Recommends
    No opinion of CEO
  3.  

    A great place to work

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

    I worked at Lehman Brothers

    Pros

    Its a fantastic place to start your career. Managment is strong and supportive, the work is always dynamic and different. The one thing that was fantastic about Lehman was the culture. The culture difference there is something that makes Lehman a truely wonderful place to work. The people you work with on a day to day basis are some of the brightest and nicest people on the street. There is a real team mentality there. Everyone wants everyone else to succeed. If you do good work, you will be rewarded. Lehman Brothers fosters development and allows for career growth.

    Cons

    Some long hours, but they did compensate me handsomly for staying late to work on different projects.

    Advice to ManagementAdvice

    Keep the culture alive.

    Recommends
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Lehman Brothers - A Truly Great Place to Work

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

    I have been working at Lehman Brothers

    Pros

    Tremendous opportunity to develop yourself. You don't realize until you work at an investment bank, how many opportunities there are for work, aside from number crunching and research. You can do practically anything at an investment bank - IT, Marketing, Leadership Development, Diversity, etc. There really is tremendous opportunity to immerse yourself when you come to a place like Lehman Brothers. Lehman Brothers is a very inclusive place to work - they do not discriminate and the Firm has a very unique culture that sets its apart from other places on the "street". The attitude is that everybody is a stakeholder in the company and that it really is our responsibility, each and every employee, to take ownership and want to see the company succeed.

    Cons

    The one downside would definitely be the hours. New York is known as a city that never sleeps and although this reputation may be a little exaggerated, I think that people who work in Financial Services in general, are all pretty hard working folks, who tend to put in the long hours. Hardly any weekends as you start to move up the "food chain", however when something is expected of you, you take however much time you need to do your best work possible and if that means that you need to stay in the office till 9 or 10 a few nights, you do it. Lehman overall though really forces its employees to strike as much of a work/life balance as possible.

    Advice to ManagementAdvice

    That compensation, although in line with other "shops" - needs to be bumped up. Especially at the very junior level. Living in NYC is very expensive and with the compensation that 1st and 2nd year analysts (excluding Investment Banking - who make a tremendous bonus), make, it is nearly impossible to live in NYC without going into more debt after college. I think a raise by $10-$15K would make all the difference in the world. . .Kind of funny how that number is so nominal, when you compare it to the compensation of senior folks who earn anywhere from $10MM upwards to $25MM & beyond.

    Recommends
    Approves of CEO
  6.  

    Client Money & Reconciliations Senior Associate

    • 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

    Very Good company to work for.

    Cons

    In administration so slowing letting staff go.

    Recommends
    Negative Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in London, England (UK)
    Current Employee - Associate in London, England (UK)

    I have been working at Lehman Brothers full-time (more than 3 years)

    Pros

    Great unique career experience, the bank invested a lot of time in their staff and the compensation was good. A lot of excellent people professionally and socially.

    Cons

    Obviously the firm going into administration, the job could no longer be guaranteed and the workforce was wound down. This had a negative impact on the atmosphere.

    Recommends
    Negative Outlook
  8.  

    What-a-firm! RIP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in Mumbai (India)
    Current Employee - Analyst in Mumbai (India)

    I have been working at Lehman Brothers full-time (more than a year)

    Pros

    World class, top tier firm

    Cons

    Doesn't exist anymore :( according to some people ;)

    Advice to ManagementAdvice

    Make a comeback guys <3

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    gone

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

    I have been working at Lehman Brothers full-time (less than a year)

    Pros

    it was a great place

    Cons

    but it has gone bankrupted

    Recommends
    Negative Outlook
    Approves of CEO
  10.  

    Work FOrce

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers full-time

    Pros

    Culture was really good to work

    Cons

    Company is no more in business

  11.  

    Wonderful work culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Analyst in Hong Kong (Hong Kong)
    Former Employee - Investment Banking Analyst in Hong Kong (Hong Kong)

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

    Pros

    Focused on a team effort and getting input from everyone involved

    Cons

    Slow in decision making at times

    Advice to ManagementAdvice

    Don't go bankrupt!

    Recommends
    Negative Outlook

Lehman Brothers Photos

Work at Lehman Brothers? Share Your Experiences

Lehman Brothers

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.