Lehman Brothers Reviews

Updated August 27, 2015
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4.3
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Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
12 Ratings

Pros
  • Great work life balance and financial packet (in 14 reviews)

  • great people, gave lots of responsibility early on (in 8 reviews)

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

  • too big that you are not noticable to senior management (in 15 reviews)

More Pros and Cons

106 Employee Reviews

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  1. The ending does not always define the journey

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

    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 Management

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


  2. Executive Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lehman Brothers full-time

    Pros

    Great company with a great name. Amazing opportunities for employees looking to advance in the Financial Services sector. If management likes you, there are plenty of advancement opportunities.

    Cons

    The management team was one of the biggest problems with Lehman Brothers. They were condescending and played favoritism, they had unfair practices. And don''t ever complain to HR about it they will side with management who will do any and everything to make sure your fired.

    Advice to Management

    Redo your top management, they are unfair with their business practices and clearly have made so huge mistakes in the past.


  3. Typical Arrogant Banker Atmosphere

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    I worked at the building now owned (or leased) by Barclays at 745 7th Avenue, New York. That's about where the Pro's end, the building itself.

    Cons

    Inside this building you would have found some of the most useless workers alive. I think shampooers at a salon produce more than the once Lehman worker. This included myself. A collection of losers who gave up on their actual dreams and were drawn to work in NYC by the shinny lights and the hope of getting rich for doing absolutely nothing. It may have seemed like they were busy, but what was really happening is individuals trained to stare at a computer screen and click buttons to move a giant sum of artificial digital money from one account to another to try and make a tiny spread in the trade so they can make more artificial digital money. All the while doing it with a type of arrogance as if they are the dream team of financial markets. They actually created a culture that sported the traders and salesmen akin to rockstars. The mystic of which was supported all the way down the chain of command through middle management to operations. Ultimately, it was proven they were all full of hot air.

    Advice to Management

    Go bankrupt. Advice Taken.


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

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

    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 Management

    Keep going what you are doing.


  6. Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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


  7. Great place to work

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

    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 Management

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


  8. Working for the Estate

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

    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


  9. Great place to work.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Recommends
    Negative Outlook
    No opinion of CEO

    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 Management

    Fairly compensate employees for their effort.


  10. Good experience at the time

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

    n/a


  11. Great while lasted

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

    Stay in business



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