Lehman Brothers Reviews | Glassdoor

Lehman Brothers Reviews

Updated July 13, 2017
243 reviews

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4.2
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Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
40 Ratings

243 Employee Reviews

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Pros
Cons
  • long hours, high-stress work environment (in 25 reviews)

  • too big that you are not noticable to senior management (in 16 reviews)

More Pros and Cons

  1. "Great place to work"

    StarStarStarStarStar
    Former Employee - Senior Software Developer in New York, NY
    Former Employee - Senior Software Developer in New York, NY
    Recommends
    Approves of CEO

    I worked at Lehman Brothers (Less than a year)

    Pros

    Good place to work. Great exposure to new technologies.

    Cons

    I don't have any Cons for Lehman Brothers.


  2. "Was the experience of a Lifetime"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Regional Manager in Chicago, IL
    Former Employee - Regional Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lehman Brothers (More than a year)

    Pros

    I worked for Lehman after an acquisition that took place in 1999. The company maintained several of the founding management to transition. The company culture was clearly different from the corporate offices in NY. They were very generous and obviously believed in our company and therefore believed in its managers. This as communicated very well early on in the transition.

    Cons

    Like many legacy organizations Lehman was not very nimble in being able to manage their investments including our company that they acquired. Clearly decisions were made from up top without strong enough oversight. While our company was eventually sold as a performing asset in the bankruptcy - it is the many investments that were made without such oversight that contributed to the demise of this legendary institution.

    Advice to Management

    There is no management anymore. My company was purchased by Lehman in 1999 and sold out of conservancy, I believe, in 2010.

  3. "VP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lehman Brothers full-time

    Pros

    One of the best quality of life companies there was.

    Cons

    Bankruptcy, and not enough Goldman cohorts for the government to help avoid bankruptcy


  4. "Trading"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers full-time

    Pros

    Very entreprenerial. Great Mid level management. Good, positive work environment.

    Cons

    Company not well managed by senior management


  5. "What goes around comes around"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    Big, on wall street, nice private client base

    Cons

    Middle managers were expert politicians, company now dead

    Advice to Management

    Should've seen it coming


  6. "company closed"

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

    I worked at Lehman Brothers (More than 5 years)

    Pros

    none, no longer in business

    Cons

    management, no longer in business


  7. "Great place to work"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Lehman Brothers full-time (More than 10 years)

    Pros

    Best people i ever worked with

    Cons

    Left to die by the Fed and Treasury

  8. "Asset Management"

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

    Pros

    Smart people, good environment, good perks and bonus

    Cons

    Inappropriate process for performance review


  9. "Bankruptcy Unwind"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great Hourly Rate, good people

    Cons

    Never seemed to end. Still going.


  10. "Lehman Estate Consulting"

    StarStarStarStarStar
    Current Employee - Banking Consultant in New York, NY
    Current Employee - Banking Consultant in New York, NY

    I have been working at Lehman Brothers (Less than a year)

    Pros

    Flexible hours and work life balance

    Cons

    Unsure of how long Estate will exist


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