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
Rating Trends

Recommend to a friend
Approve of CEO
Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
21 Ratings

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.  

    It is no longer around

    • 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 (less than an year)

    Pros

    Was a good place to work while it lasted

    Cons

    Obviously risk control wasnt a strong suit

    Doesn't Recommend
    Negative Outlook
  2.  

    Great place to work

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

    I worked at Lehman Brothers

    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 ManagementAdvice

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

  3.  

    Knowledge I learned!

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

    I worked at Lehman Brothers (more than 10 years)

    Pros

    The knowledge I learned at Lehman Brothers was outstanding. One was thrown into so many difficult situations it was, it was hard not to learn. That base has helped me in many difficult business challenges I have faced over the years, while at Lehman and post Lehman.

    Cons

    Senior management was sometimes ignorant and really didn't see the forest through the tree at times, which ultimately lead to poor decision making and holding positions that should have been long gone.

    Advice to ManagementAdvice

    At this stage this would be an exercise in futility.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Great company but got swept up in the financial crisis tsunami.

    • 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

    A Competitive, high functioning place with many opportunities to excel.

    Cons

    Requires a commitment to long hours and weekend work.

    Advice to ManagementAdvice

    An even greater focus on dedicated service to clients.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Business Analyist

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

    I worked at Lehman Brothers full-time

    Pros

    Growing company with many insides and different takes on forward looking technologies. They were always up to date for the most part, that is, until the crash.

    Cons

    Unfortunately, it's not a functioning place to be. Nepotism and trading at it's finest. Don't expect to last long unless you're willing to get your cuffs inked.

    Advice to ManagementAdvice

    Stop being so inclusive.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Great place to work.

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

    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 ManagementAdvice

    Fairly compensate employees for their effort.

    Recommends
    Negative Outlook
    No opinion of CEO
  8.  

    Working for the Estate

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

    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

    Negative Outlook
    Approves of CEO
  9.  

    Short Tile

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lehman Brothers

    Pros

    Great pay. Great benefits, almost too good to be true.

    Cons

    Company seems to take on a lot of market risk.

  10.  

    Gone soon after I joined!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in London, England (UK)
    Former Employee - Associate in London, England (UK)

    I worked at Lehman Brothers full-time (less than an year)

    Pros

    - surrounded by high achievers and top quality professionals
    - Great experience for someone starting career in finance

    Cons

    - Aggressive environment
    - Firm could not last long enough for me to spend more time!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Great people. Great culture. Strong development

    • 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

    Strong track record in departments. Growth potential at firm. Training for employees. Continuous learning. Nice outings to sports, cultural, and other events. Many incentives for employees.

    Cons

    Stock price. Important to plan time off; ie advise office of an upcoming trip. Given size of company, interaction with senior people may occur 1-2x per quarter. However, people show willingness to meet with employees at all levels.

    Advice to ManagementAdvice

    Continue to invest in employee development. Continue to pursue growth opportunities.

    Recommends
    Negative Outlook
    Approves of CEO

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