Lehman Brothers Reviews

Updated 1 September 2014
Updated 1 September 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

Sort: Popular Rating Date
  1.  

    Sad to see them go

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    Cared about the employees, medical bennies were amazing and an awesome culture

    Cons

    My experience was all positive, I loved working for Lehman Brothers

    Advice to ManagementAdvice

    NA

  2.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Analyst  in  New York, NY (US)
    Former Employee - Research Analyst in New York, NY (US)

    I worked at Lehman Brothers full-time for 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 ManagementAdvice

    Take less risk

    Recommends
    Negative Outlook
    Disapproves of CEO
  3.  

    Very happy to work at lehman

    Former Employee - Senior Database Developer  in  Jersey City, NJ (US)
    Former Employee - Senior Database Developer in Jersey City, NJ (US)

    I worked at Lehman Brothers as a contractor for more than 5 years

    Pros

    Good work culture, good office environment , employee welfare, women employees welfare , good career growth

    Cons

    Personally I have nothing much to say as cons for working at Lehman, everything seemed to be quite good for career and work environment

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  5.  

    Bad place to work in good exposure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager  in  Tokyo (Japan)
    Current Employee - Project Manager in Tokyo (Japan)

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

    Pros

    Money, exposure is treacly good

    Cons

    Cut throught environment with ton of politics

    Advice to ManagementAdvice

    N/a

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Greed Can Kill An Organization

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers full-time for more than 5 years

    Pros

    It no longer exists! While it existed, it was a pretty cool environment to work in. The people were very collaborative. It was the senior management that allowed greed to kill such a longstanding organization.

    Cons

    After over 150 years of being in business, greed caused the company to have to liquidate!

    Advice to ManagementAdvice

    They no longer exist. They are probably somewhere else killing the life of a corporation.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Excellent working for LB, equal employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager  in  Mumbai (India)
    Former Employee - Project Manager in Mumbai (India)

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

    Pros

    Excellent culture
    Work Life balance
    Open door policy
    Bonuses
    Benefits

    Cons

    No Cons it was a great company to work and helps in career development

    Advice to ManagementAdvice

    Emphasize on increasing productivity and efficiency by applying industry cost cutting measures

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    not much chance of promotion ...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Trader  in  New London, NY (US)
    Former Employee - Senior Trader in New London, NY (US)

    I worked at Lehman Brothers full-time for 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 ManagementAdvice

    don't ruin any more instituations ?

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Great place for a summer job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Summer Analyst  in  New York, NY (US)
    Former Employee - Investment Banking Summer Analyst in New York, NY (US)

    I worked at Lehman Brothers as an intern for less than a year

    Pros

    Interesting work, very good team.

    Cons

    Difficult time for the firm

    Recommends
    Negative Outlook
    Approves of CEO
  10.  

    Enjoyed my time there

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Vice President, Investment Banking  in  New York, NY (US)
    Former Employee - Senior Vice President, Investment Banking in New York, NY (US)

    I worked at Lehman Brothers full-time for 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 ManagementAdvice

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

    Recommends
    Negative Outlook
    Approves of CEO
  11.  

    WIsh I was still there.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Securitized Products Sales  in  New York, NY (US)
    Former Employee - Securitized Products Sales in New York, NY (US)

    I worked at Lehman Brothers full-time for 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 ManagementAdvice

    Should have sold to KDB

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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