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
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 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.  

    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 (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
  2.  

    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 (more than an 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
  3.  

    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 (more than an year)

    Pros

    People on the immediate team were great

    Cons

    Back office functions weren't as respected.

    Recommends
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  5.  

    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 (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
  6.  

    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 (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
  7.  

    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 (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
  8.  

    "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 (more than an 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
  9.  

    Proud of working there.

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

    I worked at Lehman Brothers

    Pros

    Name brand is the reason for working there.

    Cons

    The management was lack of ability to avoid bankruptcy.

    Recommends
  10.  

    Lehman has been an amazing place to build a career in finance. Amazing colleagues, cutting edge work.

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

    I have been working at Lehman Brothers

    Pros

    Amazing colleagues, cutting edge work, still some remnants of the collegial feel that one characterized investment banking.

    Cons

    The bank faces a bleak future.

    Recommends
    Approves of CEO
  11.  

    Ok place to be given compensation and work-life balance

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

    I have been working at Lehman Brothers

    Pros

    Compensation, work-life balance, and relative lack of stress are all benefits of working at the Lehman Estate in bankruptcy these days

    Cons

    Over time, the finite end to the bankruptcy and lack of urgency surroudning many activiites can be somewhat dispiriting and demotivating

    Advice to ManagementAdvice

    More effective communication with staff about the firm's goals, direction and plans would be welcome. It would have some positive impact on morale

    Disapproves of CEO

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