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.  

    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
  2. 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
  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 (less than an year)

    Pros

    it was a great place

    Cons

    but it has gone bankrupted

    Recommends
    Negative Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    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
  6.  

    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 (less than an year)

    Pros

    Interesting work, very good team.

    Cons

    Difficult time for the firm

    Recommends
    Negative Outlook
    Approves of CEO
  7.  

    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 (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
  8.  

    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

  9.  

    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

  10.  

    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 (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
  11.  

    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

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