Lehman Brothers Reviews in New York City, NY Area

Pros

There has always been advancement opportunities

Cons

Company had to file for Bankruptcy

Pros

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

Cons

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

Advice to Senior Management

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

Pros

Access
Solid summer analyst program
Ability to interact with others

Cons

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

Pros

everyone was a team and pulled together to get projects completed

Cons

some people didn't do their work.

Advice to Senior Management

at times the groups were cliques and lots are favorites

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

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

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.

Pros

The 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.

Cons

Promotion 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 Management

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

Pros

Great IT infrastructure - best-in-class compared to other organizations which I have worked with. The salary and benefits are among the most generous. Its fast-pace work environment teaches you everything you need to know about corporate in approx. 6 months. Senior managers are easily accessible. Responsibilities increase substantially if one has proven himself/herself.

Cons

Long working hours - unbelievably long. Very competitive and unfriendly work environment. Beware of backstabbing. Managers show no sympathy for junior people for working ultra long hours. In fact, managers believe that if one gets out of the office before midnight, that person must be lazy. Managers do not appreciate the hard work junior people put in. Managers are ridiculously demanding. Time is always wasted on mundane jobs which are results of managers' ego.

Advice to Senior Management

Please give more attention to employees' work-life balance. If you don't respect your employees' time, your employees will not do a good job for you. In fact, I believe that everyone hates the job.

Pros

When it was in business, the corporate culture encouraged innovation and moving fast, usually to the detriment of documentation and organization. International opportunities were also largely encouraged: transferring internally to international locations was quite common

Cons

To the detriment of its fast paced culture, the company was very political in its inner dealings. Employee communication was mostly cheerleading, with very little important information. Though it ran like a well-oiled machine, roles were quite set in stone, and advancement was gauged more on perception rather than results.

Advice to Senior Management

Strike a better balance between work and life, and change the culture towards progression rather than stress out the staff to keep catching up. Try to get back the talent that left after the insolvency.