Lehman Brothers Reviews

Updated June 28, 2015
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199 Employee Reviews

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  1. Great growth until the eventual collapse

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    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 Management

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


  2. "Was" the best place to work for

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

    Recommends
    Recommends

    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 Management

    Please bring the same working culture back to the firm.


  3. Proud of working there.

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

    I worked at Lehman Brothers

    Recommends
    Recommends

    Pros

    Name brand is the reason for working there.

    Cons

    The management was lack of ability to avoid bankruptcy.


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

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

    I have been working at Lehman Brothers

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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.


  6. Ok place to be given compensation and work-life balance

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

    I have been working at Lehman Brothers

    Disapproves of CEO
    Disapproves of CEO

    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 Management

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


  7. Best company to work for

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

    I worked at Lehman Brothers

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    There has always been advancement opportunities

    Cons

    Company had to file for Bankruptcy


  8. A good window

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

    I worked at Lehman Brothers

    No opinion of CEO
    No opinion of CEO

    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


  9. it was a great place to work

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

    I worked at Lehman Brothers

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    everyone was a team and pulled together to get projects completed

    Cons

    some people didn't do their work.

    Advice to Management

    at times the groups were cliques and lots are favorites


  10. I entered Lehman Brothers as an intern in 2008.

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

    I have been working at Lehman Brothers

    Approves of CEO
    Approves of CEO

    Pros

    compensation is very fair compared to other internships

    Cons

    No room for growth as of now

    Advice to Management

    more hands on projects


  11. Okay

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

    I worked at Lehman Brothers

    No opinion of CEO
    No opinion of CEO

    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 Management

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



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