It would be fine if there was never a Lehman Brothers. - IT Engineering Neuberger Employee Review

3.0
Nov 23, 2010
Recommend
CEO approval
Business Outlook

Pros

Neuberger's culture was one to envy among money management firms prior going public and then subsequently being sold to Lehman Brothers in 2004. They valued advancement, work and home life balance, and teamwork, especially in IT. Many Neuberger Berman employees have either been with the company for many years, or have returned after segregating from Lehman Brothers / Barclay's in 2009.

Cons

Unfortunately Lehman's culture pervaded Neuberger post market crash of 2008 with many of the senior management piggy backing off of NB's survival. In my opinion, they brought a lot of Lehman survivalist management practices, rewarding loyalty and relationships over merit, and there is a sore lack of innovation in IT. All processes, architecture, and cover your ass attitude was inherited directly from Lehman which doesn't make for a very creative or collaborative environment.

Explore other reviews about Neuberger

5.0
Jun 13, 2026
Recommend
CEO approval
Business Outlook

Pros

very friendly people and atmosphere

Cons

no other interns on same team

3.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

Truly Nice People. Company does listen when possible and tries to make work bearable. Excellent retirement matching

Cons

Employee owned structure means that there is long tenure for management senior staff and minimal upward mobility. Organization is framed as a matrix, but there is a strong power hierarchy-entry level employees and administrative staff shoulder disproportionate responsibility relative to pay compared to peer firms. Entry level employees are viewed as replacable and there’s a relatively high level of attrition at the VP level and below. Coordinator role is not well defined and is often silo’ed from opportunities within department. Coordinators within wealth management and other roles that require licensing are given the opportunity to take exams, but sponsorship is a courtesy and very few get realistic experience. Systems are blue chip, but poorly executed. You will routinely get asked for the same information multiple times a day from different departments because there is no centralized information system.

See reviews by: Helpful|Rating|Date|All