Lehman Brothers Reviews

Updated June 28, 2015
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199 Employee Reviews

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  1. Helpful (1)

    Horrible management.

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The pay was decent for the position.

    Cons

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

    Advice to Management

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


  2. Great culture and people; company ruined by management at the very top

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

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

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Fast-paced environment
    Great culture and benefits
    Good career mobility
    Research department is very collegial

    Cons

    Bankruptcy
    Times Square location
    Long hours
    Top management too aggressive with risk

    Advice to Management

    Take less risk


  3. Helpful (1)

    Greed Can Kill An Organization

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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


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  5. not much chance of promotion ...

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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 Management

    don't ruin any more instituations ?


  6. Enjoyed my time there

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

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    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 Management

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


  7. WIsh I was still there.

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

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

    Cons

    Bankrupt, no longer in business

    Advice to Management

    Should have sold to KDB


  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. Very sad Lehman is gone

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

    Start over


  10. Lehamn review

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

    I worked at Lehman Brothers

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    great people to work for at Lehman

    Cons

    bad management system at Lehman


  11. Financial analyst at Leh

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

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    nice culture, great environment , friendly people

    Cons

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

    Advice to Management

    create a new company



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