Lehman Brothers Reviews

Updated May 29, 2014
Updated May 29, 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

74 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Lost my shirt at Lehman

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

    I have been working at Lehman Brothers

    Pros

    Lehman has a very fair worklife balance and good base salary. The bonus compensation was a bit on the cheap to lower side. Generally, Lehman is great as a family oriented firm if you have other obligations outside of work that you can work out to be at home and work remotely. The base salary is competitive but they try to sell you on the bonus structure being mostly stock heavy.

    Cons

    Very conservative attitude of all employees and uptight feeling in the air. Everyone just needs to loosen their collars and breath a little bit more.

    They don't mention this that the promotion committee is so strict on who gets promoted and very cheap on the incremental pay.

    Advice to ManagementAdvice

    Sell when you had the chance. Now we're all screwed out of jobs.

    Recommends
    Disapproves of CEO
  2.  

    Was a great place to work, but having trouble focusing because of the current situation

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

    I have been working at Lehman Brothers

    Pros

    Quick recognition if you do a good job- if you do a good job, you will move up quickly.

    Good pay vs other banks and the benefits are now similar to our peers.

    Cons

    Hard to focus with the current situation and senior management does not do a good job communicating.

    Advice to ManagementAdvice

    Communicate Communicate Communicate- feels like we have been learning of current situations through the media.

    Recommends
    Disapproves of CEO
  3.  

    Reflecting Lehman

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

    I have been working at Lehman Brothers

    Pros

    Culture, Business Strategy, Global Presence, Well-Connected, Competitive

    Cons

    Too late to diversify exposure to real estate business and now the company may be in a risk to go the same path as Bear.

    Advice to ManagementAdvice

    Communicate more to people in times of trouble

    Recommends
    Approves of CEO
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  5.  

    Great place to work, if you can keep operating given all the market speculation right now.

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

    I worked at Lehman Brothers

    Pros

    Bright, supportive people who definitely will help ensure your professional growth.

    Cons

    Long hours and current market environment.

    Advice to ManagementAdvice

    At times, try to be more forthright with information that might affect the careers of your employees.

    Recommends
    Disapproves of CEO
  6.  

    The people and culture differentiate Lehman Brothers.

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

    I have been working at Lehman Brothers

    Pros

    The best part about Lehman Brothers is the culture, hands down. All Wall Street firms have investment banking, capital markets, investment management, etc., but what differentiates Lehman is the team-based work environment and people. When you're working 10 - 16 hours a day (depending on the department in which you work), you want to be around people who can, for example, not only answer your questions about interest rate derivatives but also carry on a conversation about their favorite YouTube videos. Lehman Brothers' employees are genuinely kind people who look out for the best interests of the team and the Firm, making it truly "One Firm."

    Cons

    The downside of working at Lehman Brothers is the constant fear that the Firm might become the next Bear Stearns. It's not necessarily something inherently wrong with the Firm itself, but the overwhelming media attention from the financial press definitely puts a damper on morale.

    Advice to ManagementAdvice

    It would be beneficial to receive more open communication from Senior Management .

    Recommends
    Approves of CEO
  7.  

    Review on Lehman Brothers

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

    I have been working at Lehman Brothers

    Pros

    Its culture, and the firm really invests in its people by offering a lot of networking events and classes.

    Cons

    Senior management doesn't communicate much with its employees.

    Advice to ManagementAdvice

    They should proactively communicate more with its employees on both professional and personal levels.

    Recommends
    Approves of CEO
  8.  

    could have been great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Vice President  in  West Palm Beach, FL
    Former Employee - Vice President in West Palm Beach, FL

    I worked at Lehman Brothers

    Pros

    Treated employees well; support from HR good. They have a great opportunity to think global and provide leadership for national viewing, but have not been able to grasp it.

    Cons

    lack of direction and path - seems to lack overall vision of what they want to be and where they want to go creating tremendous waste. Seems they are being pulled in too many different directions, and the upper execs are so focused on making money that they wound up missing the boat.

    Advice to ManagementAdvice

    listen to local managers more and improve communications

    Recommends
    No opinion of CEO
  9.  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate
    Current Employee - Associate

    I have been working at Lehman Brothers

    Pros

    Compensation and benefits are great. Within information technology the day to day duties are not stressful and management is mindful of this.

    Cons

    Very large company. People can drown here if you're not careful

    Advice to ManagementAdvice

    Better communication to employees

    Approves of CEO
  10.  

    Lehman Brothers, you either like it or hate it

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

    I have been working at Lehman Brothers

    Pros

    1. Corporate culture
    2. Compensation
    3. Room for growth

    Cons

    1. Sometimes Junior Analysts aren't treated with too much respect
    2. Hours
    3. Competition

    Advice to ManagementAdvice

    Give more feedback to analysts.

    Recommends
    Approves of CEO
  11.  

    Lehman Great company needs to be a bit more forward thinking.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate  in  Chicago, IL
    Current Employee - Associate in Chicago, IL

    I have been working at Lehman Brothers

    Pros

    There is room for advancement and the people are great. I work with some of the smartest people in the world!

    Cons

    You get to much of your compesation in Stock.

    Advice to ManagementAdvice

    Listen to peolpe in the field. I feel like there is a strong disconnect between senior management and people on the front lines.

    Recommends
    Approves of CEO

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