Lehman Brothers Reviews | Glassdoor

Lehman Brothers Reviews

Updated February 14, 2017
56 reviews

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56 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. "Sad to see them go"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Cared about the employees, medical bennies were amazing and an awesome culture

    Cons

    My experience was all positive, I loved working for Lehman Brothers

    Advice to Management

    NA


  2. "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


  3. "Great place for a summer job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Investment Banking Summer Analyst in New York, NY
    Former Intern - Investment Banking Summer Analyst in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Lehman Brothers as an intern (Less than a year)

    Pros

    Interesting work, very good team.

    Cons

    Difficult time for the firm


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  5. "WIsh I was still there."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Securitized Products Sales in New York, NY
    Former Employee - Securitized Products Sales in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Encouraged innovation throughout the organization. Empowered employees to make the firm better. team atmosphere.

    Cons

    Bankrupt, no longer in business

    Advice to Management

    Should have sold to KDB


  6. "Very sad Lehman is gone"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fixed Income Associate in New York, NY
    Former Employee - Fixed Income Associate in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great people. Great team-work culture. Great fixed-income research franchise, such as Lehman Indices and POINT.
    Ex-Lehman employees still gather on 9/15 every year to remember the good times.

    Cons

    No longer exists. Failed to get bailed out

    Advice to Management

    Start over


  7. "My brief stint at Lehman Brother"

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

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

    Pros

    I was in the Operations Analyst program for the full 2 years and it was a great program. We were given books and classes about various financial topics, there were always networking events, and there was a solid structure for moving into a management role after the program was finished.

    Cons

    Some of the program was disorganized, but that's it.


  8. "It was a great firm to work for"

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

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

    Pros

    Management listened.
    Stuff got done.
    Bureaucracy was minimized.

    Cons

    They levered up on real estate and went bankrupt.

    Advice to Management

    Don't bet the entire firm on the views of three people and keep it a secret from your employees.


  9. "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


  10. "I miss Lehman Brothers"

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

    Pros

    Great Benefits ,Great Culture,Diversified. I enjoyed management and the company was very laid back

    Cons

    Long Hours
    Hard to move up

    Advice to Management

    It was the best bank


  11. "Best place I ever worked. I'm heartbroken that it's over."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Technology
    Former Employee - Vice President Technology
    Approves of CEO

    Pros

    The culture was great. They hired the best and the brightest, and I worked with some of the most talented engineers and managers that I ever encountered. We were encouraged to take an entrepreneurial approach to our work in IT, and were rewarded for it when the system or app generated revenue or furthered the business' objectives.

    There was great opportunity to network thru several diversity groups. Training and education was encouraged and readily available. They fully supported work-life balance and work from home (job - permitting, of course).

    The work was hard, the hours were long, and the rewards were great. At the end of a day, I left the office exhausted and proud of what my team accomplished. It was the best 10 years of my working career. I met and worked with some remarkable individuals and established professional and personal friendships with people I will treasure, always.

    Cons

    Biggest downside: The bankruptcy. It is incredibly sad. Barclays should have been a silver lining, but sadly, the great things about Lehman and it's culture did not carry over after the acquisition.

    Advice to Management

    I'm with you in wishing the clock could be stopped or rolled back to before the collapse. I wish it could have gone on forever.



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