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

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Best place I ever worked. I'm heartbroken that it's over.

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Vice President Technology
Former Employee - Vice President Technology

I worked at Lehman Brothers

Approves of CEO
Approves of CEO

Pros

The culture was great. They hired the best and the brightest, and I worked with some of the most talented engineers and managers that I ever encountered. We were encouraged to take an entrepreneurial approach to our work in IT, and were rewarded for it when the system or app generated revenue or furthered the business' objectives. There was great opportunity to network thru several diversity groups. Training and education was encouraged and readily available. They fully supported work-life balance and work from home (job - permitting, of course). The work was hard, the hours were long, and the rewards were great. At the end of a day, I left the office exhausted and proud of what my team accomplished. It was the best 10 years of my working career. I met and worked with some remarkable individuals and established professional and personal friendships with people I will treasure, always.

Cons

Biggest downside: The bankruptcy. It is incredibly sad. Barclays should have been a silver lining, but sadly, the great things about Lehman and it's culture did not carry over after the acquisition.

Advice to Management

I'm with you in wishing the clock could be stopped or rolled back to before the collapse. I wish it could have gone on forever.

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  1. The biggest beneficiary of Lehman Bankruptcy

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

    I have been working at Lehman Brothers

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    The current job market' mobility is very limited. If you have a real job outside, you might not want to work with LB. Following by the bankruptcy of LB, certain employees are asked to stay with LB and worked for the liquidation. Initially it said the whole bankruptcy process will take 5-10 years - Now the forecast had changed to 2 years aggressively. Good thing about working for LB in these days are all employees are on contractual basis - so for your contract period, you do not need to worry you would lose your income. If you can survive throughout the bankruptcy process, you might be able to transit to the new company while LB exited from bankruptcy.

    Cons

    Now LB is called as a bankrupt company. This is just a job - no future prospect. Depends on your work ethics, you might still have to work very hard but you no longer receive "performance-based" compensation. Everything is said on the contract and the majority of people shared the same terms. Lot of broken process, lot of knowledgable people left the firm and many people tried to figure out the missing process and its rationale. There are also the people from the so-called "administrator". They do not have best talents working in lehman. Some people don't even understand the investment broker-dealer terms and have literally no and light working experience in financial service industry. These people added lot of works to lehman legacy employees as Lehman legacy employees have to do FAQ for them all the time - repeatively.

    Advice to Management

    Lehman legacy senior managment do not communicate with the lehman legacy employees anymore. The firm is run by Alvarez & Marsal.


  2. dead

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

    I worked at Lehman Brothers

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Nowadays, it's not possible...the company went bankrupt. The pay was quite good though, and it is a very respectful environment. It also should be said that despite the stupidity of senior management, as a whole Lehman was comprised of extremely intelligent people. Everyone I worked with was smart and competent.

    Cons

    Aside from the fact that it went bankrupt. There was no sense of what management was doing at any point. I started out in an office and ended up on a floor of empty desks all by myself. It was miserable. I had almost no training and nobody cared what I did.

    Advice to Management

    you screwed up


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

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