Lehman Brothers Reviews

Updated 11 July 2014
Updated 11 July 2014
184 Reviews

4.1
184 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
20 Ratings

Review Highlights

Pros
  • Great work life balance and financial packet (in 14 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)

More Highlights

Employee Reviews

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  1.  

    Good - but no long term longetivity due to it being a company in administration

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  London, England
    Former Employee - Vice President in London, England

    I worked at Lehman Brothers full-time for more than 3 years

    Pros

    Great work life balance and financial packet

    Cons

    I cannot present any cons to this company given that the company is winding down

    Advice to ManagementAdvice

    None to share

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate  in  London, England
    Current Employee - Associate in London, England

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

    Pros

    Great 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.

    Cons

    Obviously 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.

    Recommends
    Negative Outlook
  3.  

    gone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    it was a great place

    Cons

    but it has gone bankrupted

    Recommends
    Negative Outlook
    Approves of CEO
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  5.  

    a good experience and pay as an analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers full-time

    Pros

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

    Cons

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

  6.  

    Good while it lasted!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  London, England
    Former Employee - Vice President in 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

  7.  

    Great Fun

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Treasury Analyst  in  City of London, England
    Current Employee - Treasury Analyst in City of London, England

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

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Dont go bust

    Recommends
    Negative Outlook
  8.  

    difficult

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London, England
    Former Employee - Anonymous Employee in London, England

    I worked at Lehman Brothers

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Nothing more to say really given the company h a s now closed. RIP to the Lehmann Bros....good luck to my former colleagues.

    Doesn't Recommend
    No opinion of CEO
  9.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London Colney, England
    Former Employee - Anonymous Employee in London Colney, England

    I worked at Lehman Brothers

    Pros

    Well 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.

    Cons

    Very 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 ManagementAdvice

    I have no advice to give.

    Doesn't Recommend
    No opinion of CEO
  10.  

    Great people and place, poor management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London, England
    Former Employee - Anonymous Employee in London, England

    I worked at Lehman Brothers

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Needed 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

    No opinion of CEO
  11.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Operations Analyst  in  London, England
    Former Employee - Operations Analyst in London, England

    I worked at Lehman Brothers

    Pros

    I 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

    Cons

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

    Advice to ManagementAdvice

    I 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

    Doesn't Recommend
    No opinion of CEO

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