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

 

Very Hierarchical structure, CEO & COO weren't honest with employees

Anonymous Employee (Former Employee)

I worked at Lehman Brothers

ProsAn environment where you could learn a lot

ConsPolitical environment made it difficult for people to be honest

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Very sad Lehman is gone

Fixed Income Associate (Former Employee)
New York, NY (US)

I worked at Lehman Brothers full-time for more than a year

ProsGreat people. Great team-work culture. Great fixed-income research franchise, such as Lehman Indices and POINT.
Ex-Lehman employees still gather on 9/15 every year to remember the good times.

ConsNo longer exists. Failed to get bailed out

Advice to Senior ManagementStart over

Yes, I would recommend this company to a friend

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Lehman Internship

Anonymous Employee (Former Employee)

I worked at Lehman Brothers as an intern

ProsThis company no longer exists.

ConsUnfortunately, this company no longer exists.

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Good while it lasted!

Vice President (Former Employee)
London, England (UK)

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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Financial analyst at Leh

Finance Analyst (Former Employee)
New York, NY (US)

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

Prosnice culture, great environment , friendly people

Consbankrupcy and so and so and so, but over all bankrupcy

Advice to Senior Managementcreate a new company

No, I would not recommend this company to a friend

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Lehamn review

Anonymous Employee (Former Employee)

I worked at Lehman Brothers

Prosgreat people to work for at Lehman

Consbad management system at Lehman

No, I would not recommend this company to a friend

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Was a great place to work

Vice President (Former Employee)
New York, NY (US)

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

ProsLehman had a challenging, albeit cut throat, dog-eat-dog environment. It had great expense reimbursement, held costs down while allowing you to travel like a king.

ConsWell, it went down the tubes due to stupid real estate investments and pretty much took the whole US economy with it. So that's how Lehman will be remembered, instead of as the American Economic Engine that is was for 158 years...

Advice to Senior ManagementToo late now for advice.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Working for the Lehman Brothers Administration - post 2008

Anonymous Employee (Former Employee)

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

ProsIt's a job. It pays the bills and to be honest remuneration is not that bad given the market conditions. In addition, if you like to doss around, this is great for you as there is not much work on

ConsNo progression - you work yourself out of a job. Management is rude, confused and only concerned with maintaining their positions / status quo. No real work to do

Advice to Senior ManagementEnd this charade as soon as possible

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Stressful

Analyst (Former Employee)
New York, NY (US)

I worked at Lehman Brothers full-time for more than a year

ProsIt was good while the good times rolled in.

ConsLots of layoffs, lots of stress. Bad management. Lost 401k.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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My brief stint at Lehman Brother

Operations Analyst (Former Employee)
New York, NY (US)

I worked at Lehman Brothers full-time for more than a year

ProsI was in the Operations Analyst program for the full 2 years and it was a great program. We were given books and classes about various financial topics, there were always networking events, and there was a solid structure for moving into a management role after the program was finished.

ConsSome of the program was disorganized, but that's it.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Glassdoor is your free inside look at Lehman Brothers reviews and ratings - including employee satisfaction and approval ratings for Lehman Brothers CEO Richard Fuld Jr.. All 178 reviews are posted anonymously by Lehman Brothers employees.