Lehman Brothers Reviews

Updated 18 October 2014
Updated 18 October 2014
185 Reviews
4.1
185 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
  • Bankruptcy, Long hours, management too aggressive with risk, greed, and cut-throat policies (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.  

    What-a-firm! RIP

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

    I have been working at Lehman Brothers full-time (more than an year)

    Pros

    World class, top tier firm

    Cons

    Doesn't exist anymore :( according to some people ;)

    Advice to ManagementAdvice

    Make a comeback guys <3

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Built derivatives trades reconciliation/valuation models

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lehman Brothers

    Pros

    great company with lots of smart people

    Cons

    too big that you are not noticable to senior management

  3.  

    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

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  5. 1 person found this helpful  

    Horrible management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Servicing in Lake Forest, CA (US)
    Former Employee - Loan Servicing in Lake Forest, CA (US)

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

    Pros

    The pay was decent for the position.

    Cons

    Incompetent managers, some of which were dishonest and downright shady.

    Advice to ManagementAdvice

    It's too late to give advice to management. They will go out in a matter of a few years.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    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 (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
  7.  

    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 (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

  8.  

    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 (more than an 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
  9. 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 (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
  10.  

    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 (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
  11.  

    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 (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

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