Lehman Brothers Reviews | Glassdoor

Lehman Brothers Reviews

Updated April 24, 2017
241 reviews

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241 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. "analyst / structuring"

    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
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    great people, gave lots of responsibility early on

    Cons

    hard to move laterally between desks


  2. Helpful (1)

    "Horrible management."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Servicing in Lake Forest, CA
    Former Employee - Loan Servicing in Lake Forest, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    The pay was decent for the position.

    Cons

    Incompetent managers, some of which were dishonest and downright shady.

    Advice to Management

    It's too late to give advice to management. They will go out in a matter of a few years.

  3. "Great culture and people; company ruined by management at the very top"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Analyst in New York, NY
    Former Employee - Research Analyst in New York, NY
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Fast-paced environment
    Great culture and benefits
    Good career mobility
    Research department is very collegial

    Cons

    Bankruptcy
    Times Square location
    Long hours
    Top management too aggressive with risk

    Advice to Management

    Take less risk


  4. "not much chance of promotion ..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Trader in New London, NY
    Former Employee - Senior Trader in New London, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Lehman Brothers full-time (More than 5 years)

    Pros

    whilst the bank was running - times were good. good environemnt, good career ladder, good pay. not so anymore ...

    Cons

    the closing of the firm was a blow to the career prospects it offered, the career ladder collapsed. the pay stopped and things generally took a turn for the worse.

    Advice to Management

    don't ruin any more instituations ?


  5. "Enjoyed my time there"

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

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

    Pros

    Very good compensation, fair amount of autonomy from management, enjoyed most of the people I worked with. Ahead of other investment banks in promotion of women.

    Cons

    Too many lateral hires caused culture to be poorly defined; there were disparate values among employees.

    Advice to Management

    Too late now, but I would have suggested trying to grow more from within.


  6. "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


  7. "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

  8. "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


  9. "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.


  10. "Stressful"

    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

    It was good while the good times rolled in.

    Cons

    Lots of layoffs, lots of stress. Bad management. Lost 401k.


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