Lehman Brothers Reviews | Glassdoor

Lehman Brothers Reviews

Updated May 5, 2017
94 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. "End of an era."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Recommends
    Disapproves of CEO

    Pros

    Recognized as one of the best investment banks. When you work at Lehman Brothers, you are proud of it.
    Very flat management. Anyone can propose new ideas and raise quickly. Some MDs are hardly 30 years old and manage billions. If you have the talent, you will get the rewards as long as you can showcase your value.

    Cons

    Lot of work. Management pays more attention to the work than actual people. Most managers in IT are very sharp at tech stuff, but unfortunately lack the people skills which are necessary for managers. As a result, we get poor management all over the place, even though execution is perfect.

    Advice to Management

    Try to grow your people. Find a good balance between your employees. Stop looking for the best and brightest if there is no room for advancement for those people. Each team must have its load of "average people".


  2. "I guess a name says it all"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY
    Recommends
    Disapproves of CEO

    Pros

    Lehman, like other investment banks, works people pretty hard. Overall, though, the management wasn't bad. There are some stupid people who bought those mortgage back securities, like CEO Fuld, but besides that it was fine. It is now being taken over by Barclays, so it won't even be called lehman brothers any more. It's a good thing I got out when I did or I might have lost my job

    Cons

    Well, I guess you can say it sucks to work for a bankrupt company.

    Advice to Management

    You should not have bought those mortgage backed securities. if you hadn't, lehman would not have gone bankrupt. It also would have been wise to sell off some assets earlier.

  3. "Lost my shirt at Lehman"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Recommends
    Disapproves of CEO

    Pros

    Lehman has a very fair worklife balance and good base salary. The bonus compensation was a bit on the cheap to lower side. Generally, Lehman is great as a family oriented firm if you have other obligations outside of work that you can work out to be at home and work remotely. The base salary is competitive but they try to sell you on the bonus structure being mostly stock heavy.

    Cons

    Very conservative attitude of all employees and uptight feeling in the air. Everyone just needs to loosen their collars and breath a little bit more.

    They don't mention this that the promotion committee is so strict on who gets promoted and very cheap on the incremental pay.

    Advice to Management

    Sell when you had the chance. Now we're all screwed out of jobs.


  4. "Was a great place to work, but having trouble focusing because of the current situation"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Vice President in New York, NY
    Current Employee - Sales Vice President in New York, NY
    Recommends
    Disapproves of CEO

    Pros

    Quick recognition if you do a good job- if you do a good job, you will move up quickly.

    Good pay vs other banks and the benefits are now similar to our peers.

    Cons

    Hard to focus with the current situation and senior management does not do a good job communicating.

    Advice to Management

    Communicate Communicate Communicate- feels like we have been learning of current situations through the media.


  5. "Reflecting Lehman"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in New York, NY
    Current Employee - Business Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    Culture, Business Strategy, Global Presence, Well-Connected, Competitive

    Cons

    Too late to diversify exposure to real estate business and now the company may be in a risk to go the same path as Bear.

    Advice to Management

    Communicate more to people in times of trouble


  6. "Great place to work, if you can keep operating given all the market speculation right now."

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

    Pros

    Bright, supportive people who definitely will help ensure your professional growth.

    Cons

    Long hours and current market environment.

    Advice to Management

    At times, try to be more forthright with information that might affect the careers of your employees.


  7. "The people and culture differentiate Lehman Brothers."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    The best part about Lehman Brothers is the culture, hands down. All Wall Street firms have investment banking, capital markets, investment management, etc., but what differentiates Lehman is the team-based work environment and people. When you're working 10 - 16 hours a day (depending on the department in which you work), you want to be around people who can, for example, not only answer your questions about interest rate derivatives but also carry on a conversation about their favorite YouTube videos. Lehman Brothers' employees are genuinely kind people who look out for the best interests of the team and the Firm, making it truly "One Firm."

    Cons

    The downside of working at Lehman Brothers is the constant fear that the Firm might become the next Bear Stearns. It's not necessarily something inherently wrong with the Firm itself, but the overwhelming media attention from the financial press definitely puts a damper on morale.

    Advice to Management

    It would be beneficial to receive more open communication from Senior Management .

  8. "Review on Lehman Brothers"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in New York, NY
    Current Employee - Operations Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    Its culture, and the firm really invests in its people by offering a lot of networking events and classes.

    Cons

    Senior management doesn't communicate much with its employees.

    Advice to Management

    They should proactively communicate more with its employees on both professional and personal levels.


  9. "could have been great"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in West Palm Beach, FL
    Former Employee - Vice President in West Palm Beach, FL
    Recommends
    No opinion of CEO

    Pros

    Treated employees well; support from HR good. They have a great opportunity to think global and provide leadership for national viewing, but have not been able to grasp it.

    Cons

    lack of direction and path - seems to lack overall vision of what they want to be and where they want to go creating tremendous waste. Seems they are being pulled in too many different directions, and the upper execs are so focused on making money that they wound up missing the boat.

    Advice to Management

    listen to local managers more and improve communications


  10. "Lehman Brothers, you either like it or hate it"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Junior Analyst in New York, NY
    Current Employee - Junior Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    1. Corporate culture
    2. Compensation
    3. Room for growth

    Cons

    1. Sometimes Junior Analysts aren't treated with too much respect
    2. Hours
    3. Competition

    Advice to Management

    Give more feedback to analysts.


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