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.  

    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
  2.  

    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
  3.  

    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
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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 analyst program

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    Good analyst program with a standard investment bank new york training to begin the career. good team of people

    Cons

    company bankrupted... that should explain everything. this part is less relevant

  7.  

    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
  8.  

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

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    An environment where you could learn a lot

    Cons

    Political environment made it difficult for people to be honest

  9.  

    Very sad Lehman is gone

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

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

    Pros

    Great 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.

    Cons

    No longer exists. Failed to get bailed out

    Advice to ManagementAdvice

    Start over

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Lehman Internship

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers as an intern

    Pros

    This company no longer exists.

    Cons

    Unfortunately, this company no longer exists.

  11.  

    Good while it lasted!

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