Lehman - Opinions?
Lehman Investment Management-- any opinions?
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i heard its not very strong and u should stay away. anyone at lehman have knowledge?
An alum of my school works in NY for Lehman and I have met with him. He has cooshy hours, works with a great team, and makes a bunch of money (sounds like a good lifestyle to me). They trade all their own shit and run the gamut of investment products from equities, derivatives, to alternatives. I can't wait for all the posts from stupid college kids about how IM sucks.
do you know which group? what are his hours like? thanks.
It wasn't seperated into groups like you would think. His team (Like 3-5 guys) just had their own HNW clients. He was pretty much like a super-financial advisor. He dealt with a lot of shit from clients and was on the phones alot, but he enjoyed it. He probably worked like 8-6 M-F or something like that
I have a good friend that is a second year IM analyst. She loves her job and her experiences sound very similar to those above. Work ebbs and flows but typically she generally works ~8-8mf. and she makes a lot of money.
At the analyst level, bonuses in investment management / private wealth are 40-70% of investment banking bonuses across all major banks. Of course, the hours are also 40-70%, so you gotta make your choice. Also, as an analyst you're essentially just supporting a team of financial advisors, which may or may not give you the skills you'd need to become an advisor yourself.
Take MissInd's advice with a grain of salt. My friend has all of the necessary financial skills to lateral to whatever she wants. She is currently sitting on an offer from one of the major buyout shops, but due to the atmosphere of Lehman she is going to stick it out for a third year and see what she wants to do later.
Did she start out of MBA? Is she in private equity?
Nope out of top10 undergrad bschool. Shes in Investment Management program at Lehman. She has an offer from a big PE shop(think KKR, Carlyle, TPG, Blackstone, etc.) but loves Lehman so much she is going to stick around until she decides what she really wants to do.
so she is in private equity withing investment management? is that right?
Wonder how this went...
Investment Management at Lehman is divided into three divisions: Private Investment Management, Asset Management, and Private Equity. I think Mis Ind is talking about skills acquired in the Private Investment Management (PWM) group, while you are referring to one of the other two divisions (most likely PE).
I have never heard of someone from PWM go into PE, because the skills you learn are so different.
This isn't really true, not all jobs at Lehman IM will be "advisory" roles, where you interact with individuals. In this kind of organization, clients will either be extremely wealthy individuals, or very large organizations who need their pension money managed (i.e. CalPERS).
no PWM...she manages the wealth of hnw corp executives
will she be on the investor relations side at PE shop though or investment side?
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