Lehman Brothers Reviews

Pros

people, compensation, mobility, colleagues were fun and smart

Cons

bankruptcy, management risk, lean teams led to lower mentorship

Pros

Lehman Brothers was a proud organisation, proactive, with a can do attitude to risk taking and client service. However risk management was not good.

Cons

My experience is tainted somewhat, as I was there during the default phase, which meant that focus was all regulatory focussed not client.

Advice to Senior Management

Nothing more to say really given the company h a s now closed. RIP to the Lehmann Bros....good luck to my former colleagues.

Pros

Great benefits
Care for employees
Good work environment
Great Co-Workers
Great Charity Work
Integrity was a big deal
Office events was encouraged

Cons

Average Leadership
Limited opportunity for promotions
Clicks within the work environment
Sometimes uncomfortable work environment
Routine work
Inability to keep talented employees

Advice to Senior Management

Average Leadership that eventually led to the downfall of the company. There should be a mentor system that fosters loyalty within the employee ranks

Pros

Working with some of the brightest people in the industry.

Cons

Since Bankrupcty, promotions and raises are not offered to those individuals who have shown progression and devotion to the cause. Performance reviews are not conducted.

Pros

Good people, many of them went to Nomura or Barclays. You had the opportunity to travel internationally and intercontinental. Very good international cooperation.

Cons

Long hours, hard charging, but then, that's an investment bank. The IT departments of the different business lines had a bit of a competition going, and that was not always pleasant.

Advice to Senior Management

Shoulda done a better job.

Pros

Over several years, Lehman became a wonderful place to work and make lifelong friends. It's a shame that it couldn't be saved.

Cons

Promotion process is political. Ideas are always not accepted.

Advice to Senior Management

Should have had more effective promotion process.

Pros

great partnership culture; great people to work with; a real sense of focus and teamwork in all aspects of the company.

Cons

too much focus on short term; over extension of balance sheet; inability of senior NY management to hear the word "no" and understand it.

Advice to Senior Management

the operations and support functions needed to find a stronger voice to resist the siren song of increased risk and leverage

Pros

Great Benefits ,Great Culture,Diversified. I enjoyed management and the company was very laid back

Cons

Long Hours
Hard to move up

Advice to Senior Management

It was the best bank

Pros

-Extremely fast-track in terms of compensation growth
-Strong encouragement to learn and gain certifications
-People who work there were the best part of Lehman

Cons

-Work can become monotonous after the learning curve levels
-Working with demanding clients can be challenging
-Tough to move from mid/back-office to front-office roles

Advice to Senior Management

Provide more open lines of communication from the trenches so that ideas flow more readily. This will facilitate process improvements, etc...

Pros

it was a great internship program. i had wanted to work at lehman for a very long time. they have a great culture.

Cons

interned here right before it collapsed, which was unfortunate for me. i did not get an offer to return. go figure.

Advice to Senior Management

its unfortunate that the company collapsed that summer. i wish management had done something, obviously, so then i could have gotten a full time offer.