Lehman Brothers

  www.lehman.com
  www.lehman.com
There are newer employer reviews for Lehman Brothers

 

quality work, quality people and quality reputation but wish it stood

  • 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

plenty of opportunity to grow
firm has a great reputation
good respect earner in the industry
very flexible work atmosphere and culture
people are great and tend to be appreciative of good work
the firm gives employees a great deal of respect and accomodates their needs
their investment banking unit is arguably the best on wall street and many bankers from other firms tend to want to come to lehman at a later stage of their career.
quality work, quality people and quality reputation
great work life balance, you don't end up like bankers in other firms
people tend to be happy with what they are doing

Cons

can get bureaucratic at times

Advice to ManagementAdvice

better strategy implementation

Recommends
Approves of CEO

192 Other Employee Reviews for Lehman Brothers (View Most Recent)

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  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
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