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

Sort: Popular Rating Date
  1.  

    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
  2.  

    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
  3.  

    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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  5.  

    challenging yet rewarding

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Analyst
    Former Employee - Analyst

    I worked at Lehman Brothers

    Pros

    environment of hardworking people who foster an arena of learning

    Cons

    strong culture that could be a bit overbearing at times

    Advice to ManagementAdvice

    listen to employee feedback

    No opinion of CEO
  6.  

    Good Place To Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Analyst
    Former Employee - Analyst

    I worked at Lehman Brothers

    Pros

    Good compensation, work culture,friendly ,tech savy

    Cons

    long work hours not much transparent

    Advice to ManagementAdvice

    ok

    No opinion of CEO
  7.  

    A good window

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

    I worked at Lehman Brothers

    Pros

    Access
    Solid summer analyst program
    Ability to interact with others

    Cons

    Meritocracy until senior -levels where relationships/influence matter most
    some old-boy mentality

    No opinion of CEO
  8.  

    I entered Lehman Brothers as an intern in 2008.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Tax Intern in Jersey City, NJ
    Current Employee - Tax Intern in Jersey City, NJ

    I have been working at Lehman Brothers

    Pros

    compensation is very fair compared to other internships

    Cons

    No room for growth as of now

    Advice to ManagementAdvice

    more hands on projects

    Approves of CEO
  9.  

    difficult

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    I worked at Lehman Brothers

    Pros

    Lehman Brothers was a proud organisation, proactive, with a can do attitude to risk taking and client service. However risk management was not good.

    Cons

    My experience is tainted somewhat, as I was there during the default phase, which meant that focus was all regulatory focussed not client.

    Advice to ManagementAdvice

    Nothing more to say really given the company h a s now closed. RIP to the Lehmann Bros....good luck to my former colleagues.

    Doesn't Recommend
    No opinion of CEO
  10.  

    Okay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Reporting Analyst in Dallas, TX
    Former Employee - Financial Reporting Analyst in Dallas, TX

    I worked at Lehman Brothers

    Pros

    Great benefits
    Care for employees
    Good work environment
    Great Co-Workers
    Great Charity Work
    Integrity was a big deal
    Office events was encouraged

    Cons

    Average Leadership
    Limited opportunity for promotions
    Clicks within the work environment
    Sometimes uncomfortable work environment
    Routine work
    Inability to keep talented employees

    Advice to ManagementAdvice

    Average Leadership that eventually led to the downfall of the company. There should be a mentor system that fosters loyalty within the employee ranks

    No opinion of CEO
  11.  

    An educational and growing experience in Finance.

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

    I have been working at Lehman Brothers

    Pros

    Working with some of the brightest people in the industry.

    Cons

    Since Bankrupcty, promotions and raises are not offered to those individuals who have shown progression and devotion to the cause. Performance reviews are not conducted.

    Doesn't Recommend
    No opinion of CEO

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