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.
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.  

    Lehman: Don't bother

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    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 ManagementAdvice

    Don't gamble my career away.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Go in with your eyes open

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

    I worked at Lehman Brothers

    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 ManagementAdvice

    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.

    Doesn't Recommend
    No opinion of CEO
  3.  

    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
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  5.  

    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 (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
  6. 1 person found this helpful  

    Horrible management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Servicing in Lake Forest, CA
    Former Employee - Loan Servicing in Lake Forest, CA

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

    Pros

    The pay was decent for the position.

    Cons

    Incompetent managers, some of which were dishonest and downright shady.

    Advice to ManagementAdvice

    It's too late to give advice to management. They will go out in a matter of a few years.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Bad place to work in good exposure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Tokyo (Japan)
    Current Employee - Project Manager in Tokyo (Japan)

    I have been working at Lehman Brothers full-time (more than an year)

    Pros

    Money, exposure is treacly good

    Cons

    Cut throught environment with ton of politics

    Advice to ManagementAdvice

    N/a

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Very Hierarchical structure, CEO & COO weren't honest with employees

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    An environment where you could learn a lot

    Cons

    Political environment made it difficult for people to be honest

  9.  

    dba

    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Top notch technology centric, looks good on your resume, salary

    Cons

    Weekend work, hectic and demanding . Consulting is better than full time.

  10. 1 person found this helpful  

    Associate experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Banking Associate
    Former Employee - Investment Banking Associate

    I worked at Lehman Brothers

    Pros

    Lehman Brothers had a lot of very talented, smart people who were proud of the firm and committed to working hard to make the firm a success. Lehman was still working hard to compete with GS and MS in particular. The pressure and commitment to excellence was a great driver to excel at Lehman.

    Cons

    Often a very political environment, intense, sustained work pressure, excessive utilization of employees, especially at the junior level, complete opacity of senior management decisions, feeling that you were on call 24/7/365. Willingness to pay people a large portion of their compensation in restricted stock, and to encourange people to invest their 401K savings in company stock.. all of which ultimately became worthless.

    Advice to ManagementAdvice

    Probably a bit late to provide advice to Lehman Brothers' leadership team, but maybe focus a bit more on risk management in the future... ?

    No opinion of CEO
  11.  

    Unchallenging and mildly pleasant place to work.

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

    I worked at Lehman Brothers

    Pros

    Lots of food around the office. Fast elevators to whisk you in and out. Some great people around to work with.

    Cons

    Aside from working at the flashpoint of the subprime financial meltdown, it's the incredibly political, aggressive environment. It's the kind of job you don't really need to think about.

    Advice to ManagementAdvice

    Give something back.

    Doesn't Recommend
    No opinion of CEO

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