Lehman Brothers Reviews

Updated August 30, 2015
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4.2
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Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
26 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

204 Employee Reviews

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  1. nice

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    friendly environment, good pay for intern

    Cons

    company is bankrupt, no opportunity to grow


  2. Credit Officer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Systemically well-run, good management, good people, and adequate compensation.

    Cons

    Long working hours, but manageable.


  3. 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.


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  5. Fulded

    Former Employee - Anonymous Employee in Vallejo, CA
    Former Employee - Anonymous Employee in Vallejo, CA

    I worked at Lehman Brothers (Less than a year)

    Pros

    It has the distinction of being the only company to collapse by arrangement, over the weekend during the 2008 Financial Crisis. I believe it was or perhaps still is the largest US bankruptcy.

    Cons

    It is long gone, closing its doors September 15, 2008


  6. Great place

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    great place great place great place

    Cons

    none none none none none

    Advice to Management

    not necessary


  7. 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.


  8. Programmer

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    IT was located in the heart of manhattahan. The employees had good pay and good 401(k) . People were engaging & involved

    Cons

    Due to over commitment of projects there were long hours spent at work. Too much work and too little people.


  9. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    Pros

    nice bonus..great people to bad it went under

    Cons

    top heavy management style hard to overcome

    Advice to Management

    thin out the crowd


  10. 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


  11. IT Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very smart helpful people. I was lucky to meet some outstanding people of the industry

    Cons

    nothing bad really to say anything

    Advice to Management

    No advise



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