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Lehman Brothers Reviews

66 reviews

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66 Employee Reviews

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Pros
Cons
  • None I can think of, apart from long hours (in 26 reviews)

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

More Pros and Cons

  1. "Ok place to be given compensation and work-life balance"

    StarStarStarStarStar
    • 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
    Disapproves of CEO

    Pros

    Compensation, work-life balance, and relative lack of stress are all benefits of working at the Lehman Estate in bankruptcy these days

    Cons

    Over time, the finite end to the bankruptcy and lack of urgency surroudning many activiites can be somewhat dispiriting and demotivating

    Advice to Management

    More effective communication with staff about the firm's goals, direction and plans would be welcome. It would have some positive impact on morale


  2. "A good window"

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

    Pros

    Access
    Solid summer analyst program
    Ability to interact with others

    Cons

    Meritocracy until senior -levels where relationships/influence matter most
    some old-boy mentality

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

    StarStarStarStarStar
    • 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


  4. "Okay"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Reporting Analyst in Dallas, TX
    Former Employee - Financial Reporting Analyst in Dallas, TX
    No opinion of CEO

    Pros

    Great benefits
    Care for employees
    Good work environment
    Great Co-Workers
    Great Charity Work
    Integrity was a big deal
    Office events was encouraged

    Cons

    Average Leadership
    Limited opportunity for promotions
    Clicks within the work environment
    Sometimes uncomfortable work environment
    Routine work
    Inability to keep talented employees

    Advice to Management

    Average Leadership that eventually led to the downfall of the company. There should be a mentor system that fosters loyalty within the employee ranks


  5. "An educational and growing experience in Finance."

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

    Pros

    Working with some of the brightest people in the industry.

    Cons

    Since Bankrupcty, promotions and raises are not offered to those individuals who have shown progression and devotion to the cause. Performance reviews are not conducted.


  6. "Capital Markets"

    StarStarStarStarStar
    • 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
    No opinion of CEO

    Pros

    The firm was a great with a very team work and entrepreneur environment. However it often times lacked stucture and fairness for such a big firm.

    Cons

    Promotion and bonuses dictated by naptism and favoritism. Not at all based on merit and was extremely disappointing for such a great firm.

    Advice to Management

    don't go bankrupt, treat your employees with more respect, don't keep around poor management because of their connections, stop underpaying your employees.


  7. "Analyst at the Investment Banking Division"

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

    Pros

    Great IT infrastructure - best-in-class compared to other organizations which I have worked with. The salary and benefits are among the most generous. Its fast-pace work environment teaches you everything you need to know about corporate in approx. 6 months. Senior managers are easily accessible. Responsibilities increase substantially if one has proven himself/herself.

    Cons

    Long working hours - unbelievably long. Very competitive and unfriendly work environment. Beware of backstabbing. Managers show no sympathy for junior people for working ultra long hours. In fact, managers believe that if one gets out of the office before midnight, that person must be lazy. Managers do not appreciate the hard work junior people put in. Managers are ridiculously demanding. Time is always wasted on mundane jobs which are results of managers' ego.

    Advice to Management

    Please give more attention to employees' work-life balance. If you don't respect your employees' time, your employees will not do a good job for you. In fact, I believe that everyone hates the job.

  8. "Summer Internship - Great People"

    StarStarStarStarStar
    • 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
    No opinion of CEO

    Pros

    - aside from intelligent and quick people, they were also fun and supportive, not the typical banking stereotype (but depends on who you get on projects, I was lucky)

    Cons

    - hours that are typical, facetime exists

    Advice to Management

    - now transitioned to Barclays, who has been doing a great job with N.America


  9. "Never More"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    No opinion of CEO

    Pros

    At one point an AMAZING brand...now just a memory of what could/should have been. Such a shame that so many are out of work

    Cons

    We went bankrupt....is there any more to say??? Leaders lead us to a hole in the ground and made the Firm a disgrace

    Advice to Management

    Managers need to have open eyes at all times and be aware of what people are trying to tell them...


  10. "Great rep, poor environment"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    No opinion of CEO

    Pros

    People loved the green culture at Lehman Brothers, pay was good and firm had a great reputation which lead to opportunities

    Cons

    Senior management was mostly incompetent as is now obvious. working there was highly hierarchical in nature, lack of respect for junior employees

    Advice to Management

    Well first off, i wouldn't invest so heavily in structured credit products that you do not understand. second maybe you should have taken the buyout at a fair price before the bankruptcy


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