Lehman Brothers Reviews

Updated September 23, 2014
Updated September 23, 2014
185 Reviews
4.1
185 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
  • Bankruptcy, Long hours, management too aggressive with risk, greed, and cut-throat policies (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.  

    Stressful

    • 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 more than a year

    Pros

    It was good while the good times rolled in.

    Cons

    Lots of layoffs, lots of stress. Bad management. Lost 401k.

    Doesn't Recommend
    Negative Outlook
  2.  

    Ambitious, entrepreneurial but not as well managed as the top investment banks

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

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

    Pros

    Was on the upswing, attracting talent with drive

    Cons

    Risk control processes not well in place. Bankruptcy.

    Doesn't Recommend
    Negative Outlook
  3.  

    Overall Great I Would Still Be There

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

    I worked at Lehman Brothers full-time for more than 5 years

    Pros

    At the forefront of technology. The company was years ahead of others in terms of technology.

    Cons

    I had seen many people leave and come back with higher salaries and titles, but other who stuck around did not see the same type of promotions and raises.

  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    It was a great firm to work for

    • 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 more than a year

    Pros

    Management listened.
    Stuff got done.
    Bureaucracy was minimized.

    Cons

    They levered up on real estate and went bankrupt.

    Advice to ManagementAdvice

    Don't bet the entire firm on the views of three people and keep it a secret from your employees.

    Doesn't Recommend
    Negative Outlook
  6.  

    Always worked with smart and driven people, every day was exciting

    • Career Opportunities
    Former Employee - Senior Vice President  in  New York, NY
    Former Employee - Senior Vice President in New York, NY

    I worked at Lehman Brothers full-time for more than 5 years

    Pros

    The Firm only recruited the brightest people so you were always working with people that hallenged you. But is was also a very team oriented company so the balance was important of moving business forward.

    Cons

    Towards the end there was morebegoninvolved by he senior management and that led to the rims downfall. They should have thought about employees who built the company and not there personal bank accounts.

    Advice to ManagementAdvice

    Don't let greed get in the way of doing the right thing, even if it is hard to do
    .

  7.  

    Challenging work environment but working with professionals of high calibre

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

    I worked at Lehman Brothers full-time for more than 10 years

    Pros

    Many resources available to employees both professional and personal.

    Cons

    Though working environment. Especially tight on budget and expenses.

    Advice to ManagementAdvice

    Less arrogance would help.

    Doesn't Recommend
    Negative Outlook
  8.  

    Very collegial and consensus-driven thinking approaches

    Former Employee - Vice President  in  New York, NY
    Former Employee - Vice President in New York, NY

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

    Pros

    People on the immediate team were great

    Cons

    Back office functions weren't as respected.

    Recommends
  9.  

    AVP

    • 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 for more than 8 years

    Pros

    Great company and culture. people were very smart and approachable

    Cons

    Disparity in salaries. There was no consistency at all. TDP growth was slow and had wired HR rules about how much salary bounce one could get.

    Advice to ManagementAdvice

    wish Lehman was still around

    Negative Outlook
  10.  

    Great growth until the eventual collapse

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

    I worked at Lehman Brothers full-time for more than 10 years

    Pros

    Cutting edge when it comes to technology.
    Used to be some great people to work with.
    What else can you say about a company that no longer exists?

    Cons

    We all know how this story ended.
    As the company grew, employees needs mattered less and less. It became a numbers game and employees were treated as such... a replaceable number.
    If you worked less than 50-60 hours a week, you were viewed as a slacker.

    Advice to ManagementAdvice

    Treat your employees with respect and they will respect you back.

    Doesn't Recommend
    Negative Outlook
  11.  

    "Was" the best place to work for

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

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

    Pros

    Company created a very approachable atmosphere, open to hear ideas. Employees were given opportunities to prove themselves along with the responsibilities and power for the area or domain in their control. I stayed till the last day of the firm, its very sad to see a firm of that culture going down. I would defiantly join this company, if I know the culture (working and not financial risk taking) of the firm is still in the veins of the people running the firm.

    Cons

    They took risk on some of the financial products, but in the IT department which I was part of, I did not find any big concerns or issues, except keeping major chunk of employees till the last day (is this bad.. keeping your employees close to you in good and bad days..?).

    Advice to ManagementAdvice

    Please bring the same working culture back to the firm.

    Recommends

Lehman Brothers Photos

Worked for Lehman Brothers? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.