Lehman Brothers Reviews in Jersey City, NJ | Glassdoor

Lehman Brothers Jersey City Reviews

14 reviews

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Jersey City, NJ

5.0
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Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
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14 Employee Reviews

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Pros
Cons
  • Due to over commitment of projects there were long hours spent at work (in 24 reviews)

  • They levered up on real estate and went bankrupt (in 12 reviews)

More Pros and Cons

  1. "VP Federal Tax Group"

    Star Star Star Star Star
    Current Employee - V P Global Tax Department in Jersey City, NJ
    Current Employee - V P Global Tax Department in Jersey City, NJ

    I have been working at Lehman Brothers full-time (More than 8 years)

    Pros

    Pre bankruptcy very hard and fast paced environment but also very enjoyable with a true family environment. Even post bankruptcy the company tries to do right by its people although some may disagree.

    Cons

    Only bad mark is that the company is winding down. Other than that none to mention.


  2. "Really enjoyable, relaxed environment, helpful co-workers - for the most part the office is stress free."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Tax Intern in Jersey City, NJ
    Former Employee - Tax Intern in Jersey City, NJ
    Recommends
    Neutral Outlook

    Pros

    Solid hours and pay, helpful and approachable senior management

    Cons

    Company won't be in existence for the foreseeable future, not a lot of upward mobility within this workplace.

    Advice to Management

    Keep going what you are doing.


  3. "Very happy to work at lehman"

    Star Star Star Star Star
    Former Contractor - Senior Database Developer in Jersey City, NJ
    Former Contractor - Senior Database Developer in Jersey City, NJ

    I worked at Lehman Brothers as a contractor (More than 5 years)

    Pros

    Good work culture, good office environment , employee welfare, women employees welfare , good career growth

    Cons

    Personally I have nothing much to say as cons for working at Lehman, everything seemed to be quite good for career and work environment


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  5. "Overall Great I Would Still Be There"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Security Analyst in Jersey City, NJ
    Former Employee - Information Security Analyst in Jersey City, NJ

    I worked at Lehman Brothers full-time (More than 5 years)

    Pros

    At the forefront of technology. The company was years ahead of others in terms of technology.

    Cons

    I had seen many people leave and come back with higher salaries and titles, but other who stuck around did not see the same type of promotions and raises.


  6. "Great growth until the eventual collapse"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Negative Outlook

    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 Management

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


  7. ""Was" the best place to work for"

    Star Star Star Star Star
    • 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
    Recommends

    I worked at Lehman Brothers full-time (More than a 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 Management

    Please bring the same working culture back to the firm.


  8. "it was a great place to work"

    Star Star Star Star Star
    • 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
    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


  9. "I entered Lehman Brothers as an intern in 2008."

    Star Star Star Star Star
    • 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
    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


  10. "Lehman Brothers was a good place to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Jersey City, NJ
    Former Employee - Project Manager in Jersey City, NJ
    Recommends
    No opinion of CEO

    Pros

    Lehman was a good place to work. Salary and benefits were good. Fellow employees were smart and good to work with.

    Cons

    Total comp included restricted stock units that could not be acted upon for five years after receiving them. Large company made upward mobility difficult.

    Advice to Management

    Lehman as it was ceases to exist. Middle management did a good job and treated employees well. I am satisfied with how I was treated.


  11. "Tis Tis Tis"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Jersey City, NJ
    Former Employee - Operations Analyst in Jersey City, NJ
    Doesn't Recommend
    No opinion of CEO

    Pros

    Reknown company, but as we all know what happened I guess infamous may be a better descriptor. For the operations class you get overtime which is wonderful. In addition, a work life balance is encouraged. The second most important thing is to network. If you do not do this then you will be stuck an analyst forever. Therefore you must attend events with WILL and various volunteer gigs. If you get sick then there is always a nurse and rest rooms. If they think that you need to go home, they send you off in a town car. Typically your managers are great and there is no closed door. People are really nice and laid back.

    Cons

    Starting salary leaves alot to be desired and the development class's are lack luster. Your expierance all depends on your manager. If you work in the New Jersey office and plan on moving to front office BEWARE. You much absolutely network your butt off to get ahead. Try to meet MD's or VP's from other groups, it would typically be middle office. From there you would network with the sales traders. Visit the trading floor as much as possible and try to attend as many happy hours as you can. These are the keys to success as lehman. It is not who you know, rather it is who knows you. Oh and be friendly and laid back and you will fit in.

    Advice to Management

    Should have been more open or at the very least done ever thing you could have to stay afloat



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