There are newer employer reviews for Lehman Brothers

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Associate experience

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Investment Banking Associate
Former Employee - Investment Banking Associate

I worked at Lehman Brothers

Pros

Lehman Brothers had a lot of very talented, smart people who were proud of the firm and committed to working hard to make the firm a success. Lehman was still working hard to compete with GS and MS in particular. The pressure and commitment to excellence was a great driver to excel at Lehman.

Cons

Often a very political environment, intense, sustained work pressure, excessive utilization of employees, especially at the junior level, complete opacity of senior management decisions, feeling that you were on call 24/7/365. Willingness to pay people a large portion of their compensation in restricted stock, and to encourange people to invest their 401K savings in company stock.. all of which ultimately became worthless.

Advice to ManagementAdvice

Probably a bit late to provide advice to Lehman Brothers' leadership team, but maybe focus a bit more on risk management in the future... ?

No opinion of CEO

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

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  1.  

    Lehman Bankruptcy was a shame.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    Best and most professional technology group.

    Cons

    NA The company no longer exists

    Advice to ManagementAdvice

    Please consider hiring former Lehman employees in your future assignments, especially the IT personnel, who were extremely professional and savvy.

    Recommends
    No opinion of CEO
  2.  

    Great people and place, poor management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    I worked at Lehman Brothers

    Pros

    Great facilities and amenities made it an enjoyable place to work. Good platform for communication among employees and full of hardworking people with diverse backgrounds.

    Cons

    Lack of enforcement of responsibilities for senior management. Inefficient organizational structure that lacks accountability. Lack of face to face interactions.

    Advice to ManagementAdvice

    Needed to reorganize organizational structure to ensure efficiency and transparency between divisions. More cooperation between senior management, traders, middle and back offices in person would have been helpful

    No opinion of CEO
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