Lehman Brothers Reviews

Updated July 23, 2015
200 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset
4.2
Rating Trends
Recommend to a friend
Approve of CEO
Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
24 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

200 Employee Reviews

Sort: Popular Rating Date
  1. Go in with your eyes open

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

    I worked at Lehman Brothers

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    The pace and environment are incredibly intense. The work itself is generally very interesting and challenging, with opportunities to learn and stretch yourself.

    Cons

    Your experience is largely determined by the small group of colleagues you work with on a daily basis. I had the misfortune of working with some of the most sociopathic, miserable, nasty people imaginable. The adage is true - if you want a friend on Wall Street, get yourself a dog.

    Advice to Management

    Senior management has enough to deal with right now - there's no doubt that the short-term out-for-myself-only greed greed greed factor has come home to roost.


  2. Lehman: Don't bother

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

    I worked at Lehman Brothers

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    While it existed, they did pay every 2 weeks, and they kept me employed for 13 years.

    Cons

    Lots of compensation was made in company stock which became worthless at bankruptcy. Yearly bonuses that were used as basis for "total compensation" included restricted stock which was values at grant price giving the false impression that we actually made more money than we did.

    Advice to Management

    Don't gamble my career away.


  3. dead

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

    I worked at Lehman Brothers

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Nowadays, it's not possible...the company went bankrupt. The pay was quite good though, and it is a very respectful environment. It also should be said that despite the stupidity of senior management, as a whole Lehman was comprised of extremely intelligent people. Everyone I worked with was smart and competent.

    Cons

    Aside from the fact that it went bankrupt. There was no sense of what management was doing at any point. I started out in an office and ended up on a floor of empty desks all by myself. It was miserable. I had almost no training and nobody cared what I did.

    Advice to Management

    you screwed up


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Always worked with smart and driven people, every day was exciting

    • Career Opportunities
    Former Employee - Senior Vice President in New York, NY
    Former Employee - Senior Vice President in New York, NY

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

    Pros

    The Firm only recruited the brightest people so you were always working with people that hallenged you. But is was also a very team oriented company so the balance was important of moving business forward.

    Cons

    Towards the end there was morebegoninvolved by he senior management and that led to the rims downfall. They should have thought about employees who built the company and not there personal bank accounts.

    Advice to Management

    Don't let greed get in the way of doing the right thing, even if it is hard to do .


  6. not much chance of promotion ...

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

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    whilst the bank was running - times were good. good environemnt, good career ladder, good pay. not so anymore ...

    Cons

    the closing of the firm was a blow to the career prospects it offered, the career ladder collapsed. the pay stopped and things generally took a turn for the worse.

    Advice to Management

    don't ruin any more instituations ?


  7. Helpful (1)

    Greed Can Kill An Organization

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    It no longer exists! While it existed, it was a pretty cool environment to work in. The people were very collaborative. It was the senior management that allowed greed to kill such a longstanding organization.

    Cons

    After over 150 years of being in business, greed caused the company to have to liquidate!

    Advice to Management

    They no longer exist. They are probably somewhere else killing the life of a corporation.


  8. it is over!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Boston, MA
    Former Employee - Financial Consultant in Boston, MA

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    learned how to make money and appreciate savings

    Cons

    company went down the drain. Know who is steering the ship!


  9. Nice office, better managevent needed

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    Location, location, location. Office with beautiful views.

    Cons

    Poor management, disorganized from day one.


  10. Lives of the little people needed to be taken into consideration...

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

    I worked at Lehman Brothers

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Far better work experience than the company that took over after the bankruptcy.

    Cons

    Far too much cronyism. Was often hard to advance.

    Advice to Management

    Protect your employees- realize that they are the backbone.


  11. not a great place to work

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

    I worked at Lehman Brothers part-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    bulge bracket company with a lot of resources. good name brand until bankruptcy. broad geographical reach. full service financial services company.

    Cons

    lots of upper management turnover. poor transparency with employees. difficult to get ahead if at a branch office. difficult to compete against other bulge bracket firms.



Showing 200 of 206 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.