Lehman Brothers

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

 

Great place to work while it lasted

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

I worked at Lehman Brothers

Pros

Truly great culture, good people, ethical and cooperative behavior at the mid-management level

Cons

Remember that stock you got for your bonus? Yeah. Not so much.

Advice to ManagementAdvice

VAR.. maybe we really didn't need to jack up the VAR more, despite what you said.

Recommends
No opinion of CEO

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

Sort: Rating Date
  1. 1 person found this helpful  

    glad i got of there

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

    I worked at Lehman Brothers

    Pros

    looked great on resume. i learned a lot about financial marketing, industry players, and key executive people. nice location to work, and the mentorship programs was nice too.

    Cons

    well, it tanked. it could not be that great of a company if it had to close. some upper management were cocky. other times, it felt like the old boy network. if you are a woman, you have to work extra hard to prove your worth

    Advice to ManagementAdvice

    well, you guys dont exist any more. so my advice is to find another job and dont mess up the next organization.

    Doesn't Recommend
    No opinion of CEO
  2.  

    The biggest beneficiary of Lehman Bankruptcy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    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

    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 ManagementAdvice

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

    Doesn't Recommend
    No opinion of CEO
There are newer employer reviews for Lehman Brothers

Work at Lehman Brothers? Share Your Experiences

Lehman Brothers

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.