Lehman Brothers
3.5 of 5 178 reviews
www.lehman.com New York, NY 6 to 15 Employees

Lehman Brothers Reviews

Updated Apr 08, 2014
All Employees Current Employees Only

3.5 178 reviews

                             

44% Approve of the CEO

Lehman Brothers CEO Richard Fuld Jr.

Richard Fuld Jr.

(16 ratings)

64% of employees recommend this company to a friend
178 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Management was fair in providing vacation days when necessary to provide a good work/life balance"
    in 13 reviews
  • "Ahead of other investment banks in promotion of women"
    in 15 reviews
Cons:
  • "Managers show no sympathy for junior people for working ultra long hours"
    in 18 reviews
  • "Towards the end there was morebegoninvolved by he senior management and that led to the rims downfall"
    in 14 reviews
  • Show more review highlights

Reviews

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1 person found this helpful  

Review

Associate (Current Employee)
London, England

I have been working at Lehman Brothers full-time for more than 3 years

ProsGreat unique career experience, the bank invested a lot of time in their staff and the compensation was good. A lot of excellent people professionally and socially.

ConsObviously the firm going into administration, the job could no longer be guaranteed and the workforce was wound down. This had a negative impact on the atmosphere.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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gone

Anonymous Employee (Current Employee)

I have been working at Lehman Brothers full-time for less than a year

Prosit was a great place

Consbut it has gone bankrupted

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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a good experience and pay as an analyst

Anonymous Employee (Former Employee)

I worked at Lehman Brothers full-time

Prosinternational, professional, people-focused, flexible, hard-working

ConsUnfortunately it got bankrupt but many people were able to move to different companies

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Good while it lasted!

Vice President (Former Employee)
London, England

I worked at Lehman Brothers full-time for more than 8 years

Pros- Positive work environment
 - Supportive colleagues

Cons- now synonymous with banking failure

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Great Fun

Treasury Analyst (Current Employee)
City of London, England

I have been working at Lehman Brothers full-time for more than a year

ProsPart of the biggest bankruptcy in history. All very exciting!

ConsGoing bankrupt creates bad morale, especially when its done before pay day.

Advice to Senior ManagementDont go bust

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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difficult

Anonymous Employee (Former Employee)
London, England

I worked at Lehman Brothers

ProsLehman Brothers was a proud organisation, proactive, with a can do attitude to risk taking and client service. However risk management was not good.

ConsMy experience is tainted somewhat, as I was there during the default phase, which meant that focus was all regulatory focussed not client.

Advice to Senior ManagementNothing more to say really given the company h a s now closed. RIP to the Lehmann Bros....good luck to my former colleagues.

No, I would not recommend this company to a friend

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Lehman is a good place to have worked at, but not so great to be at.

Anonymous Employee (Former Employee)
London Colney, England

I worked at Lehman Brothers

ProsWell paid, good benefits. Convenient and pleasant work location at one of the world's premier investment banks. Good place to have come from and nice to have on your CV.

ConsVery political, quite disorganised. Several groups working on similar projects. Unpleasant rivalries. It turns out that the risk management platitudes uttered by senior management were quite easily sen through by other market participants.

Advice to Senior ManagementI have no advice to give.

No, I would not recommend this company to a friend

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Great people and place, poor management

Anonymous Employee (Former Employee)
London, England

I worked at Lehman Brothers

ProsGreat facilities and amenities made it an enjoyable place to work. Good platform for communication among employees and full of hardworking people with diverse backgrounds.

ConsLack of enforcement of responsibilities for senior management. Inefficient organizational structure that lacks accountability. Lack of face to face interactions.

Advice to Senior ManagementNeeded to reorganize organizational structure to ensure efficiency and transparency between divisions. More cooperation between senior management, traders, middle and back offices in person would have been helpful

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Lehman Operations Analyst in Graduate Program (only lasted 1 week)

Operations Analyst (Former Employee)
London, England

I worked at Lehman Brothers

ProsI only worked there for 1 week before the company went bankrupt, but most of the senior managemnet was really impressive. the job paid well and the recent grads in my program were nice, smart, and for the most part humble

ConsI worked there for only 1 week is the obvious one. Second would be that the company obviously had some serious issues

Advice to Senior ManagementI don't really have a great perspective on this; again I was there for only 5 days. On the whole, management was impressive and the training program was thorough

No, I would not recommend this company to a friend

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Fun while it lasted

Research Analyst (Former Employee)
London, England

I worked at Lehman Brothers

ProsLehman brothers provided an interesting and challenging work environment, with great co-workers and a good training schedule. They had a fantastic Christmas party. Good compensation compared to other research jobs in London, comparable to other American investment banks. Opportunities to gain expertise in many different research databases, and lots of support for professional development and training. Wide range of subject expertise developed, and opportunities to provide training and some travel.

ConsLong hours compared to other research jobs, and the stressed & angry bankers swear at you from time to time. However, co-workers and immediate supervisors are very helpful and supportive.

Advice to Senior Managementtoo bad the co. went under.

Yes, I would recommend this company to a friend

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