Lehman Brothers

  www.lehman.com
  www.lehman.com

Lehman Brothers Reviews

Updated December 14, 2014
Updated December 14, 2014
192 Reviews
4.2
192 Reviews
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Lehman Brothers CEO Richard Fuld Jr.
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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

Employee Reviews

Sort: Popular Rating Date
  1.  

    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.

  2.  

    it is over!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    Pros

    learned how to make money and appreciate savings

    Cons

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Greed Can Kill An Organization

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    not much chance of promotion ...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    don't ruin any more instituations ?

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    Good analyst program

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    Good analyst program with a standard investment bank new york training to begin the career. good team of people

    Cons

    company bankrupted... that should explain everything. this part is less relevant

  7.  

    Working for the Lehman Brothers Administration - post 2008

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

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

    Pros

    It's a job. It pays the bills and to be honest remuneration is not that bad given the market conditions. In addition, if you like to doss around, this is great for you as there is not much work on

    Cons

    No progression - you work yourself out of a job. Management is rude, confused and only concerned with maintaining their positions / status quo. No real work to do

    Advice to ManagementAdvice

    End this charade as soon as possible

  8.  

    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 ManagementAdvice

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

  9.  

    not a great place to work

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

    I worked at Lehman Brothers part-time (more than an year)

    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.

    Doesn't Recommend
    Negative Outlook
  10.  

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

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

    I worked at Lehman Brothers

    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 ManagementAdvice

    Protect your employees- realize that they are the backbone.

    Doesn't Recommend
    Negative Outlook
  11.  

    dead

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

    I worked at Lehman Brothers

    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 ManagementAdvice

    you screwed up

    Doesn't Recommend
    Disapproves of CEO

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