Lehman Brothers

  www.lehman.com
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Lehman Brothers Reviews

Updated May 2, 2014
Updated May 2, 2014
184 Reviews

4.1
184 Reviews
Rating Trends

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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

51 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great Fun

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

    Pros

    Part of the biggest bankruptcy in history. All very exciting!

    Cons

    Going bankrupt creates bad morale, especially when its done before pay day.

    Advice to ManagementAdvice

    Dont go bust

    Recommends
    Negative Outlook
  2.  

    challenging yet rewarding

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

    Pros

    environment of hardworking people who foster an arena of learning

    Cons

    strong culture that could be a bit overbearing at times

    Advice to ManagementAdvice

    listen to employee feedback

    No opinion of CEO
  3.  

    Good Place To Work

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

    Pros

    Good compensation, work culture,friendly ,tech savy

    Cons

    long work hours not much transparent

    Advice to ManagementAdvice

    ok

    No opinion of CEO
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  5.  

    difficult

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    Pros

    Lehman Brothers was a proud organisation, proactive, with a can do attitude to risk taking and client service. However risk management was not good.

    Cons

    My experience is tainted somewhat, as I was there during the default phase, which meant that focus was all regulatory focussed not client.

    Advice to ManagementAdvice

    Nothing more to say really given the company h a s now closed. RIP to the Lehmann Bros....good luck to my former colleagues.

    Doesn't Recommend
    No opinion of CEO
  6.  

    Old School

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

    Pros

    Pay comparable to street, well reputed similar to any other bulge bracket, good name to have on resume, good initial training programs.

    Cons

    Political, difficult career path, old school investment bank, lack of direction from senior management, not a lot of senior people who are good managers or have people skills.

    Advice to ManagementAdvice

    Need to provide more visibility on direction of company and issues, don't coat how good things really are if they are not.

    No opinion of CEO
  7.  

    Time to move on...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Business Analyst  in  Tokyo (Japan)
    Former Employee - Business Analyst in Tokyo (Japan)

    Pros

    Good pay
    Good bonuses
    Good benefits
    Good people in my group
    Challenging work
    Projects/work was fairly organized
    Good office location
    Good prestige at the time

    Cons

    Company went bankrupt!
    Long, long, long, long, long hours!
    No dinner with family pretty much ever
    Weekend work at times
    Nomura transition pretty tough

    Advice to ManagementAdvice

    Uh, what to say?
    High risk, high reward... Higher risk, no job
    Did management have the shareholders and employees best interest in mind?

    No opinion of CEO
  8.  

    Lehman Brothers not so good for operations staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Operations Technician
    Former Employee - Operations Technician

    Pros

    It was a good place to work if you were a money maker like a trader or investment banker

    Cons

    Operations staff in some departments underpaid. Had to rely on overtime to make a livable wage

    Advice to ManagementAdvice

    Management always talked a good game about advancement and support. But the reality was far from the corporate pep talk.

    No opinion of CEO
  9.  

    Lehman is a good place to have worked at, but not so great to be at.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London Colney, England (UK)
    Former Employee - Anonymous Employee in London Colney, England (UK)

    Pros

    Well paid, good benefits. Convenient and pleasant work location at one of the world's premier investment banks. Good place to have come from and nice to have on your CV.

    Cons

    Very political, quite disorganised. Several groups working on similar projects. Unpleasant rivalries. It turns out that the risk management platitudes uttered by senior management were quite easily sen through by other market participants.

    Advice to ManagementAdvice

    I have no advice to give.

    Doesn't Recommend
    No opinion of CEO
  10.  

    Great people and place, poor management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    Pros

    Great facilities and amenities made it an enjoyable place to work. Good platform for communication among employees and full of hardworking people with diverse backgrounds.

    Cons

    Lack of enforcement of responsibilities for senior management. Inefficient organizational structure that lacks accountability. Lack of face to face interactions.

    Advice to ManagementAdvice

    Needed to reorganize organizational structure to ensure efficiency and transparency between divisions. More cooperation between senior management, traders, middle and back offices in person would have been helpful

    No opinion of CEO
  11.  

    Lehman Operations Analyst in Graduate Program (only lasted 1 week)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Operations Analyst  in  London, England (UK)
    Former Employee - Operations Analyst in London, England (UK)

    Pros

    I only worked there for 1 week before the company went bankrupt, but most of the senior managemnet was really impressive. the job paid well and the recent grads in my program were nice, smart, and for the most part humble

    Cons

    I worked there for only 1 week is the obvious one. Second would be that the company obviously had some serious issues

    Advice to ManagementAdvice

    I don't really have a great perspective on this; again I was there for only 5 days. On the whole, management was impressive and the training program was thorough

    Doesn't Recommend
    No opinion of CEO

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