Lehman Brothers
3.5 of 5 182 reviews
www.lehman.com New York, NY 6 to 15 Employees

Lehman Brothers Reviews

Updated Jun 11, 2014
All Employees Current Employees Only

3.5 182 reviews

                             

37% Approve of the CEO

Lehman Brothers CEO Richard Fuld Jr.

Richard Fuld Jr.

(19 ratings)

64% of employees recommend this company to a friend
182 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Great work life balance and financial packet"
    in 14 reviews
  • "Ahead of other investment banks in promotion of women"
    in 15 reviews
Cons:
  • "Managers show no sympathy for junior people for working ultra long hours"
    in 18 reviews
  • "Towards the end there was morebegoninvolved by he senior management and that led to the rims downfall"
    in 14 reviews
  • Show more review highlights

Reviews

    • Work/Life Balance
           
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    • Disapproves of CEO

     

    Ok place to be given compensation and work-life balance

    Anonymous Employee (Current Employee)
    New York, NY

    ProsCompensation, work-life balance, and relative lack of stress are all benefits of working at the Lehman Estate in bankruptcy these days

    ConsOver time, the finite end to the bankruptcy and lack of urgency surroudning many activiites can be somewhat dispiriting and demotivating

    Advice to Senior ManagementMore effective communication with staff about the firm's goals, direction and plans would be welcome. It would have some positive impact on morale

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    Best company to work for

    Anonymous Employee (Former Employee)
    New York, NY

    ProsThere has always been advancement opportunities

    ConsCompany had to file for Bankruptcy

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

     

    A good window

    Summer Analyst (Former Employee)
    New York, NY

    ProsAccess
    Solid summer analyst program
    Ability to interact with others

    ConsMeritocracy until senior -levels where relationships/influence matter most
    some old-boy mentality

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    • Work/Life Balance
           
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    it was a great place to work

    Administrative Assistant (Former Employee)
    Jersey City, NJ

    Proseveryone was a team and pulled together to get projects completed

    Conssome people didn't do their work.

    Advice to Senior Managementat times the groups were cliques and lots are favorites

    Yes, I would recommend this company to a friend

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    I entered Lehman Brothers as an intern in 2008.

    Tax Intern (Current Employee)
    Jersey City, NJ

    Proscompensation is very fair compared to other internships

    ConsNo room for growth as of now

    Advice to Senior Managementmore hands on projects

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    Okay

    Financial Reporting Analyst (Former Employee)
    Dallas, TX

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

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

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

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    An educational and growing experience in Finance.

    Analyst (Current Employee)
    New York, NY

    ProsWorking with some of the brightest people in the industry.

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

    No, I would not recommend this company to a friend

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    I miss Lehman Brothers

    Executive Assistant (Former Employee)
    New York, NY

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

    ConsLong Hours
    Hard to move up

    Advice to Senior ManagementIt was the best bank

    Yes, I would recommend this company to a friend

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    summer inter

    Intern (Former Employee)
    New York, NY

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

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

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

    Yes, I would recommend this company to a friend

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    Capital Markets

    Anonymous Employee (Former Employee)
    New York, NY

    ProsThe firm was a great with a very team work and entrepreneur environment. However it often times lacked stucture and fairness for such a big firm.

    ConsPromotion and bonuses dictated by naptism and favoritism. Not at all based on merit and was extremely disappointing for such a great firm.

    Advice to Senior Managementdon't go bankrupt, treat your employees with more respect, don't keep around poor management because of their connections, stop underpaying your employees.

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