Lehman Brothers Reviews

Updated September 1, 2014
Updated September 1, 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.  

    Working at Lehman

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    Money, Location, Culture, People, Hours

    Cons

    Bankrupt, Hours, Culture, CEO, Executive Management

  2.  

    Excellent working for LB, equal employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager  in  Mumbai (India)
    Former Employee - Project Manager in Mumbai (India)

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

    Pros

    Excellent culture
    Work Life balance
    Open door policy
    Bonuses
    Benefits

    Cons

    No Cons it was a great company to work and helps in career development

    Advice to ManagementAdvice

    Emphasize on increasing productivity and efficiency by applying industry cost cutting measures

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    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.

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  5.  

    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
  6.  

    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
  7.  

    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
  8.  

    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
  9.  

    Bankrupt

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Relatively friendly environment compared to other big investment banks. Does it matter any more?

    Cons

    A lot of big talking traders and weird management that is more concerned about your working attire than the work you produce.

  10.  

    Great Fun

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

    I have been working at Lehman Brothers full-time for more than a year

    Pros

    Part of the biggest bankruptcy in history. All very exciting!

    Cons

    Going bankrupt creates bad morale, especially when its done before pay day.

    Advice to ManagementAdvice

    Dont go bust

    Recommends
    Negative Outlook
  11.  

    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

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