Lehman Brothers Reviews

Updated July 11, 2014
Updated July 11, 2014
184 Reviews

4.1
184 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
20 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
  • Managers show no sympathy for junior people for working ultra long hours (in 18 reviews)

  • Towards the end there was morebegoninvolved by he senior management and that led to the rims downfall (in 14 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    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
  2.  

    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.

  3.  

    Good experience at the time

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

    I worked at Lehman Brothers full-time for more than a year

    Pros

    Good culture/ reputation at the time

    Cons

    Firm took too much risk

    Advice to ManagementAdvice

    n/a

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Good - but no long term longetivity due to it being a company in administration

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

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

    Pros

    Great work life balance and financial packet

    Cons

    I cannot present any cons to this company given that the company is winding down

    Advice to ManagementAdvice

    None to share

    Recommends
    Neutral Outlook
    Disapproves of CEO
  6.  

    Good place to intern for a summer or two.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ

    I worked at Lehman Brothers as an intern for more than 3 years

    Pros

    Nice environment, great compensation. Hard Driving Environment but beneficial.
    Work location is great and the people treat each other like family.

    Cons

    Limited growth and limited work time frame. General lack of communication across departments.
    it seems like the more experienced members get little chance to grow with the focus on the lower staff.

    Advice to ManagementAdvice

    Listen to the little people, they will tell you how things can be improved.

    Recommends
    Negative Outlook
    Disapproves of CEO
  7.  

    Company is downsizing.

    • 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 for more than 3 years

    Pros

    Not much. Firm is closing down as soon as they can.

    Cons

    Low morale. Even if you want to do something good some old-minded folks will shut you down.

    Advice to ManagementAdvice

    Instill some culture, enable ideas even if you are closing the company.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    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 for 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
  9.  

    Great while lasted

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

    I worked at Lehman Brothers full-time for less than a year

    Pros

    Reputation was good until... you know

    Cons

    Hours were not the best

    Advice to ManagementAdvice

    Stay in business

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Investment Banking

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lehman Brothers

    Pros

    Great firm. It's a shame it went bankrupt.

    Cons

    No major cons at all.

  11. 1 person found this helpful  

    Review

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

    I have been working at Lehman Brothers full-time for more than 3 years

    Pros

    Great unique career experience, the bank invested a lot of time in their staff and the compensation was good. A lot of excellent people professionally and socially.

    Cons

    Obviously the firm going into administration, the job could no longer be guaranteed and the workforce was wound down. This had a negative impact on the atmosphere.

    Recommends
    Negative Outlook

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