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. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Lehman Brothers full-time

    Pros

    Wages
    Team spirit
    Exposure
    Bonus

    Cons

    Favourites
    Unfair pay allocation
    Unfair promotion

    Advice to Management

    Scrap the six of clock mandatory finish


  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. "Analyst"

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

    I worked at Lehman Brothers (More than a year)

    Pros

    Clever people, good graduate programme, good networking, useful experience before bankruptcy

    Cons

    Long hours, US driven culture, hierachical for the sake of it

    Advice to Management

    Shouldnt have been so greedy


  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. "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


  7. "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.

  8. "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


  9. "Great company , pity what happened"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in London, England (UK)
    Former Employee - Director in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Best company ever, should have sold

    Cons

    Company values lost to the world


  10. "Overall Good"

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

    Pros

    Very Competitive, Great Learning, Good Pay and Benefits

    Cons

    Have to be in the right place, hire and fire


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