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Go in with your eyes open

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

I worked at Lehman Brothers

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

Pros

The pace and environment are incredibly intense. The work itself is generally very interesting and challenging, with opportunities to learn and stretch yourself.

Cons

Your experience is largely determined by the small group of colleagues you work with on a daily basis. I had the misfortune of working with some of the most sociopathic, miserable, nasty people imaginable. The adage is true - if you want a friend on Wall Street, get yourself a dog.

Advice to Management

Senior management has enough to deal with right now - there's no doubt that the short-term out-for-myself-only greed greed greed factor has come home to roost.

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  1. Lehman Brothers - A Truly Great Place to Work

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

    I have been working at Lehman Brothers

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Tremendous opportunity to develop yourself. You don't realize until you work at an investment bank, how many opportunities there are for work, aside from number crunching and research. You can do practically anything at an investment bank - IT, Marketing, Leadership Development, Diversity, etc. There really is tremendous opportunity to immerse yourself when you come to a place like Lehman Brothers. Lehman Brothers is a very inclusive place to work - they do not discriminate and the Firm has a very unique culture that sets its apart from other places on the "street". The attitude is that everybody is a stakeholder in the company and that it really is our responsibility, each and every employee, to take ownership and want to see the company succeed.

    Cons

    The one downside would definitely be the hours. New York is known as a city that never sleeps and although this reputation may be a little exaggerated, I think that people who work in Financial Services in general, are all pretty hard working folks, who tend to put in the long hours. Hardly any weekends as you start to move up the "food chain", however when something is expected of you, you take however much time you need to do your best work possible and if that means that you need to stay in the office till 9 or 10 a few nights, you do it. Lehman overall though really forces its employees to strike as much of a work/life balance as possible.

    Advice to Management

    That compensation, although in line with other "shops" - needs to be bumped up. Especially at the very junior level. Living in NYC is very expensive and with the compensation that 1st and 2nd year analysts (excluding Investment Banking - who make a tremendous bonus), make, it is nearly impossible to live in NYC without going into more debt after college. I think a raise by $10-$15K would make all the difference in the world. . .Kind of funny how that number is so nominal, when you compare it to the compensation of senior folks who earn anywhere from $10MM upwards to $25MM & beyond.


  2. All was perfect

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lehman Brothers

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Super puper bank it is amazing

    Cons

    The one of the best financial conglomerats in the wrold

    Advice to Management

    To be seriuos, observant and smart


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

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