Lehman Brothers - Great place to work while it lasted | Glassdoor
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There are newer employer reviews for Lehman Brothers

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"Great place to work while it lasted"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Investment Banking Vice President in New York, NY
Former Employee - Investment Banking Vice President in New York, NY
Recommends
No opinion of CEO

Pros

Truly great culture, good people, ethical and cooperative behavior at the mid-management level

Cons

Remember that stock you got for your bonus? Yeah. Not so much.

Advice to Management

VAR.. maybe we really didn't need to jack up the VAR more, despite what you said.

Other Employee Reviews for Lehman Brothers

  1. Helpful (1)

    "glad i got of there"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer in New York, NY
    Former Employee - Summer in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    looked great on resume. i learned a lot about financial marketing, industry players, and key executive people. nice location to work, and the mentorship programs was nice too.

    Cons

    well, it tanked. it could not be that great of a company if it had to close. some upper management were cocky. other times, it felt like the old boy network. if you are a woman, you have to work extra hard to prove your worth

    Advice to Management

    well, you guys dont exist any more. so my advice is to find another job and dont mess up the next organization.


  2. "The biggest beneficiary of Lehman Bankruptcy"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    The current job market' mobility is very limited. If you have a real job outside, you might not want to work with LB. Following by the bankruptcy of LB, certain employees are asked to stay with LB and worked for the liquidation. Initially it said the whole bankruptcy process will take 5-10 years - Now the forecast had changed to 2 years aggressively. Good thing about working for LB in these days are all employees are on contractual basis - so for your contract period, you do not need to worry you would lose your income. If you can survive throughout the bankruptcy process, you might be able to transit to the new company while LB exited from bankruptcy.

    Cons

    Now LB is called as a bankrupt company. This is just a job - no future prospect. Depends on your work ethics, you might still have to work very hard but you no longer receive "performance-based" compensation. Everything is said on the contract and the majority of people shared the same terms. Lot of broken process, lot of knowledgable people left the firm and many people tried to figure out the missing process and its rationale. There are also the people from the so-called "administrator". They do not have best talents working in lehman. Some people don't even understand the investment broker-dealer terms and have literally no and light working experience in financial service industry. These people added lot of works to lehman legacy employees as Lehman legacy employees have to do FAQ for them all the time - repeatively.

    Advice to Management

    Lehman legacy senior managment do not communicate with the lehman legacy employees anymore. The firm is run by Alvarez & Marsal.

There are newer employer reviews for Lehman Brothers
There are newer employer reviews for Lehman Brothers

See Most Recent

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