Lehman Brothers Reviews | Glassdoor

Lehman Brothers Reviews

Updated May 5, 2017
94 reviews

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94 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. "Financial analyst at Leh"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Analyst in New York, NY
    Former Employee - Finance Analyst in New York, NY
    Doesn't Recommend
    Approves of CEO

    I worked at Lehman Brothers full-time (More than 3 years)

    Pros

    nice culture, great environment , friendly people

    Cons

    bankrupcy and so and so and so, but over all bankrupcy

    Advice to Management

    create a new company


  2. "Was a great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at Lehman Brothers full-time (More than 3 years)

    Pros

    Lehman had a challenging, albeit cut throat, dog-eat-dog environment. It had great expense reimbursement, held costs down while allowing you to travel like a king.

    Cons

    Well, it went down the tubes due to stupid real estate investments and pretty much took the whole US economy with it. So that's how Lehman will be remembered, instead of as the American Economic Engine that is was for 158 years...

    Advice to Management

    Too late now for advice.

  3. "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.


  4. "Very collegial and consensus-driven thinking approaches"

    Star Star Star Star Star
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends

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

    Pros

    People on the immediate team were great

    Cons

    Back office functions weren't as respected.


  5. "AVP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Negative Outlook

    I worked at Lehman Brothers full-time (More than 8 years)

    Pros

    Great company and culture. people were very smart and approachable

    Cons

    Disparity in salaries. There was no consistency at all. TDP growth was slow and had wired HR rules about how much salary bounce one could get.

    Advice to Management

    wish Lehman was still around


  6. ""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.


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

    Star Star Star Star Star
    • 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
    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.

  8. "Best company to work for"

    Star Star Star Star Star
    • 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
    Recommends
    Approves of CEO

    Pros

    There has always been advancement opportunities

    Cons

    Company had to file for Bankruptcy


  9. "summer inter"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY
    Recommends
    No opinion of CEO

    Pros

    it was a great internship program. i had wanted to work at lehman for a very long time. they have a great culture.

    Cons

    interned here right before it collapsed, which was unfortunate for me. i did not get an offer to return. go figure.

    Advice to Management

    its unfortunate that the company collapsed that summer. i wish management had done something, obviously, so then i could have gotten a full time offer.


  10. "Not a bad place to work. Just not a great place either."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Analyst in Chicago, IL
    Former Employee - Summer Analyst in Chicago, IL
    Doesn't Recommend
    No opinion of CEO

    Pros

    As a summer analyst in the leveraged loans group, I primarily did research on leveraged companies. A lot of time was spent alone behind a computer.

    Cons

    Lots of time working on cash flow models in Excel with little connection to the value they actually created. Also, listening in on conference calls was boring. Very little attention was paid to summer analysts.

    Advice to Management

    Don't tell you employees that everything is going to be fine when you're about to go under water nearly everyone is going to lose their job.


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