Lehman Brothers

www.lehman.com
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Lehman Brothers Reviews in New York City, NY

Updated February 19, 2015
Updated February 19, 2015
105 Reviews
4.4
105 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
105 Ratings

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
  • Bankruptcy, Long hours, management too aggressive with risk, greed, and cut-throat policies (in 20 reviews)

  • Towards the end there was morebegoninvolved by he senior management and that led to the rims downfall (in 15 reviews)

More Highlights

105 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1.  

    The ending does not always define the journey

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

    I worked at Lehman Brothers full-time (more than 3 years)

    Pros

    Amazing culture, Talented & Professional Employees, Opportunities for Advancement, Competitive Compensation

    Cons

    There was obviously a lot going on that the majority of the organization was not aware of

    Advice to ManagementAdvice

    Don't tell your employees to buy stock when you're going under

    Recommends
    Neutral Outlook
  2.  

    Really enjoyable, relaxed environment, helpful co-workers - for the most part the office is stress free.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Tax Intern in Jersey City, NJ
    Former Employee - Tax Intern in Jersey City, NJ

    I worked at Lehman Brothers

    Pros

    Solid hours and pay, helpful and approachable senior management

    Cons

    Company won't be in existence for the foreseeable future, not a lot of upward mobility within this workplace.

    Advice to ManagementAdvice

    Keep going what you are doing.

    Recommends
    Neutral Outlook
  3.  

    Analyst

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

    I worked at Lehman Brothers

    Pros

    Good Compensation
    Worked with many smart people
    Ability to grow within the firm
    Ability to be promoted
    Great training program

    Cons

    extremely long hours
    often felt like a cog within a wheel
    lots of travel
    often senior employees were to busy to provide advice

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Great place to work

    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY

    I worked at Lehman Brothers

    Pros

    Great learning experience and steppingstone to the next opportunity. I would recommend working here especially if you are just starting your career.

    Cons

    Normal investment banking hours and culture so you have to be prepared for that. As long as you know what to expect, it is a good employment experience.

    Advice to ManagementAdvice

    I would suggest improved communication up and down the leadership chain in general as my advice to management.

  6.  

    Business Analyist

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

    I worked at Lehman Brothers full-time

    Pros

    Growing company with many insides and different takes on forward looking technologies. They were always up to date for the most part, that is, until the crash.

    Cons

    Unfortunately, it's not a functioning place to be. Nepotism and trading at it's finest. Don't expect to last long unless you're willing to get your cuffs inked.

    Advice to ManagementAdvice

    Stop being so inclusive.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Working for the Estate

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

    I worked at Lehman Brothers full-time (more than 5 years)

    Pros

    - Unique Situation so the learning opportunities are limitless
    - Few staff so lots of things to do as long as one takes initiative
    - Friendly, familial environment, management is very understanding of unique needs

    Cons

    - Not any job progression (since the estate is unwinding)
    - Communication is slow therefore work can be a little difficult to predict
    - No matching 401K contributions

    Negative Outlook
    Approves of CEO
  8.  

    Great place to work.

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

    I worked at Lehman Brothers full-time (more than 8 years)

    Pros

    No egos and knowledgeable people.

    Cons

    Long hours and low comp.

    Advice to ManagementAdvice

    Fairly compensate employees for their effort.

    Recommends
    Negative Outlook
    No opinion of CEO
  9.  

    Good experience at the time

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

    I worked at Lehman Brothers full-time (more than a year)

    Pros

    Good culture/ reputation at the time

    Cons

    Firm took too much risk

    Advice to ManagementAdvice

    n/a

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Great while lasted

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

    I worked at Lehman Brothers full-time (less than a year)

    Pros

    Reputation was good until... you know

    Cons

    Hours were not the best

    Advice to ManagementAdvice

    Stay in business

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Great Experience

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

    I worked at Lehman Brothers full-time (more than a year)

    Pros

    Great people, challenging environment with career growth opportunities and strong mentors!

    Cons

    Lack of work life balance

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