Lehman Brothers Reviews | Glassdoor

Lehman Brothers Reviews

Updated June 26, 2017
242 reviews

Filter

Filter

Full-time Part-time

242 Employee Reviews

Sort: Popular Rating Date

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. Helpful (1)

    "Good place to work but management communicates little. Very little"

    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
    Approves of CEO

    Pros

    Lehman is a great place to work because of its rep. It's a strong investment house with strong senior senior management. I will not speak to the everyday managers but senior (executives) mgmnt is very knowledgeable and have a good sense of direction of the markets. Some of their hedging policies might be too conservative and tight but still they are not known for being the out-of-control cowboys. This is good and bad. Can’t make much because you’re not risking enough. But then again one should not emulate Bear Stearns. Career Opportunities here are good. Management actually prefers when you move around. Learn as much as possible. Contribute as much as possible. This is a great tactic and its works on both sides of the street.

    Cons

    The culture. Even though it’s communicated strong and entact it seems that it’s anything but. I do love my colleagues; But its management. Management is key to success in any corp. When your management does not acknowledge you, does not say good morning, is not appreciative of the work you provide, will never say thank you, not even once - think about that for a moment - it gets under your skin. When you work for a "amazing" co such as lehman and then you have its rep tarnished because you’re constantly working with these type of people than you must think "is this the place for me?? Would Morgan or Goldman treat me - even a notch - better?"

    Advice to Management

    My advice to Senior Management is to review some of the complaints logged by HR. If you read that a person is constantly being questioned or complained about by his own subordinates please get rid of him...I mean c'mon. I don’t want to be rash and let him go the 1st or 2nd time of logged complaints. But how bout when the complaints amount to the same thing logged by 5 or 6 diff subordinates?? How fair is it to your employees?? They are your employees aren’t they?? I keep hearing something about "Our people are our greatest asset!!" What’s the flip-side to that coin?? "Yes they are great but we will keep them in misery by providing SVPs that curse (that’s right - CURSE) at you on a daily basis?? (An example that ignites this behavior would be to forget a period at the end of a sentence in some inner-departmental estimate report. That's right - 1 period). Is this and Investment Banking House or an English grammar class


  2. "Great place to get your feet wet in finance."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - RMBS Financial Analyst in Denver, CO
    Current Employee - RMBS Financial Analyst in Denver, CO
    No opinion of CEO

    Pros

    Great benefits, work-life balance and place to get your feet wet. Discover your core competencies here and refine your technical skills. Lehman Brothers is a great brand to have on your resume and will definitetly help you out on your career path.

    Cons

    Bonuses are currently non-existing, yet used in the initial recruitment of employees and considered in "Total Compensation". Raises are also minimal and barely keeping up with inflation. CEO is rewarded with bonuses, even when Firm is struggling. Transportation Program needs to be fully subsidized by the Firm.

    Advice to Management

    Recognition needs to be given for all individuals on high visibility projects. Spotlight needs to be shared and the competitive environment needs to be more collaborative. This increases employee morale, motivation and engages the employee.

  3. "culture of the team you work for is everything"

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

    Pros

    relatively laidback culture, good mobility options when times are good

    Cons

    lack of communication from managers

    Advice to Management

    provide more communication about future changes that might occur and what they are thinking in terms of leading the firm out of this crisis


  4. Helpful (1)

    "Lehman lags other banks in compensation"

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

    Pros

    Firm encourages educational growth - Human Resources does its best to get training for employees - Training on product and management is excellent -

    Cons

    Senior Management promotes based on friends and family program - compensation always lags the rest of wall street There is a disconnect between what people are taught in training and to what happens in the work place - In the Operations side upper management is known for promoting and giving the best opportunities to relatives and relatives of friends - Preach one thing to employees but do the opposite to their friends and family

    Advice to Management

    Should challenge the bank to be more of a meritocracy


  5. "Good company for starters. Will enjoy the exposure and knowledge sharing culture."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President
    Current Employee - Assistant Vice President
    Doesn't Recommend
    Disapproves of CEO

    Pros

    It was a great place to start my career in Wall street. Lots of opportunities for self motivated people. The place gave good exposure and knowledge sharing opportunities for its employees. Being a smallish company in extra ordinarily tough times, it had its share of challenges..

    Cons

    IT dept is not sufficiently resources/funded.

    Advice to Management

    Improve communication.


  6. "Fun while it lasted"

    Star Star Star Star Star
    • Work/Life Balance
    • 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
    Disapproves of CEO

    Pros

    It was a top-tier investment bank that was a bit nicer than the others. People generally stuck around longer, and most of them had longer-term horizons, so even if not everyone was as good as at Goldman, the businesses could be more client focused and have more stability.

    Cons

    Deadwood stuck around way too long; bonuses were arbitrary and not very well designed, and the cult-like atmosphere killed off fresh ideas. There were too many independent silos, and no common risk-management framework open to everyone. The IT organization was very good at web-apps, but super-bureaucratic; very little actually got done. The I love me walls in the elevator were a bit over the top.

    Advice to Management

    Buy a chastity belt?


  7. "Lehman survivors."

    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
    Disapproves of CEO

    Pros

    Now there aren't many. If you happen to work in the businesses that ae sold you'll be the man that knows situation the bst and you'll have safety. whatever doesn't kill you will make you stonger.

    Cons

    It was very stresfull ecently when we were allowed to fail. People were thinking about leaving only.

    Advice to Management

    It's too late now, but don't get too leveraged and be conservative always.

  8. "Was ok while it lasted"

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

    Pros

    Obviously a good name to have on your resume. Makes for some good stories in interviews. Was paid very well considering I was only there for an internship. Worked with extremely bright people. The people in my department were also very nice and helpful for the most part even though ours was one of the most hectic while the company was going through their crisis.

    Cons

    The company doesn't really exist anymore. Got the feeling that what I did didn't really make much of a difference. Being a huge company, it was easy to get lost in the shuffle. The 6th Avenue office wasn't nearly as nice as HQ.

    Advice to Management

    Diversify and handle your risk a little better next time.


  9. "Lehman: a business ruined by management incompetence."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager IT in New York, NY
    Former Employee - Project Manager IT in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    That's a good question. Since the company has filed for bankruptcy.
    The used to build a lot of in house systems in the 90s but then the outsourcing trend championed by unsavory characters
    has taken it's toll.
    Now all their in house systems are a jumble of spaghetti code that might as well be written in sanscrit. No wonder Fuld never new for sure what his risks were..

    Cons

    Enough said. Too many things to list. A lot of people who have surpassed their level of incompetence driving few who are actually doing the work.

    Advice to Management

    Hmm... let's see....how about get a life ?


  10. "Icarus flew too close"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Manager in New York, NY
    Current Employee - IT Manager in New York, NY
    Doesn't Recommend
    Approves of CEO

    Pros

    At the time it was the network possibilities. Just had to pick a rout and bust your ***.

    Cons

    Obviously, they made some bad moves and were over comfident that the Governemtn "corporate welfare" would kick in. Out of my hands though.

    Advice to Management

    Don't get overconfident and "trust but verify". When you think you're on top of the world, take a few minutes and to look around, you might just be standing in a wide hole.


Showing 242 of 255 reviews
Reset Filters