There are newer employer reviews for Lehman Brothers
There are newer employer reviews for Lehman Brothers

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

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

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 Management

better strategy implementation

Other Employee Reviews for Lehman Brothers

  1. how it used to be

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    No opinion of CEO

    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 Management

    NA


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

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Analyst in New York, NY
    Former Employee - Finance Analyst in New York, NY
    Recommends
    No opinion of CEO

    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 Management

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


There are newer employer reviews for Lehman Brothers
There are newer employer reviews for Lehman Brothers

See Most Recent

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