3.0
Dec 13, 2008
Current employee
New York, NY
Recommend
CEO approval
Business Outlook
Pros
Used to be Lehman and when it was Lehman, it was a much better place to work for. It hasn't had much layoff yet, which is a great thing, and your experience highly depend on which group you work.
Cons
Some managers are downright nasty, mean and that is one of the reasons some people left the firm, most other mangers are fine. The compensation structure for associate is too fair, or unfair to put in another way. Every incoming associates are paid pretty much the same in the first two years, giving us no incentives to work hard as long as you don't worry about layoff. There is no difference between PhD and other associates in terms of promotion although they have called senior associates.