Lehman Brothers Reviews

Updated October 18, 2014
Updated October 18, 2014
187 Reviews
4.1
187 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 19 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

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  1. 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
  2.  

    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
  3.  

    Great place for a summer job

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

    I worked at Lehman Brothers as an intern (less than an year)

    Pros

    Interesting work, very good team.

    Cons

    Difficult time for the firm

    Recommends
    Negative Outlook
    Approves of CEO
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  5.  

    Enjoyed my time there

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

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

    Pros

    Very good compensation, fair amount of autonomy from management, enjoyed most of the people I worked with. Ahead of other investment banks in promotion of women.

    Cons

    Too many lateral hires caused culture to be poorly defined; there were disparate values among employees.

    Advice to ManagementAdvice

    Too late now, but I would have suggested trying to grow more from within.

    Recommends
    Negative Outlook
    Approves of CEO
  6.  

    WIsh I was still there.

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

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

    Pros

    Encouraged innovation throughout the organization. Empowered employees to make the firm better. team atmosphere.

    Cons

    Bankrupt, no longer in business

    Advice to ManagementAdvice

    Should have sold to KDB

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    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

  8.  

    Very sad Lehman is gone

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

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

    Pros

    Great people. Great team-work culture. Great fixed-income research franchise, such as Lehman Indices and POINT.
    Ex-Lehman employees still gather on 9/15 every year to remember the good times.

    Cons

    No longer exists. Failed to get bailed out

    Advice to ManagementAdvice

    Start over

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Lehman Internship

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers as an intern

    Pros

    This company no longer exists.

    Cons

    Unfortunately, this company no longer exists.

  10.  

    Lehamn review

    • 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

    great people to work for at Lehman

    Cons

    bad management system at Lehman

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Financial analyst at Leh

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

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

    Pros

    nice culture, great environment , friendly people

    Cons

    bankrupcy and so and so and so, but over all bankrupcy

    Advice to ManagementAdvice

    create a new company

    Doesn't Recommend
    Approves of CEO

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