31. Lehman Brothers

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745 Seventh Avenue

New York, New York 10019

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Undergrad Internships

No. of undergrad internships in:

2005: 328

2006: 556

2007: 612

2006 interns from the following classes:

0% Freshman

0% Sophomores

4% Juniors

96% Seniors

0% Graduates

2006 interns from the following majors:

40% Business

9% Computer Science

25% Economics

NA% Engineering

17% Liberal Arts

2% Math

1% Science

2% Undeclared

NA% Other

100% of internships paid

0% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: NA weeks

Minimum: 8 weeks

Maximum: 10 weeks

Average hourly wage: $29.00

Are interns paid on lump sum basis? No

Average total intern compensation: $11,690

87% of eligible 2006 interns received full-time job offers

74% of interns with offers accepted

Applicants & New Hires

53 undergrad campuses where employer recruited 2006-07

48 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 25,614

2006: NA

2007: NA

Entry-level hires

2005: 400*

2006: 447

2007: NA

Entry-level hires who were undergrad interns

2005: 34%

2006: 46%

2007: 57%

Most important characteristics for new hires:

3-Analytical Skills

1-Leadership Skills

2-Other

Team Player

2006 new hires majored in:

40% Business

9% Computer Science

25% Economics

4% Engineering

17% Liberal Arts

2% Math

1% Science

2% Undeclared

0% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

39% Total minorities

35% Female

NOTE: The entry-level hires represented throughout the profile include all analyst classes.

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $55,000 to $59,999

0% earn less than $35,000

0% earn $35,000 to $39,999

0% earn $40,000 to $44,999

19% earn $45,000 to $49,999

2% earn $50,000 to $54,999

5% earn $55,000 to $59,999

70% earn $60,000 to $64,999

3% earn $65,000 to $69,999

1% earn $70,000 and above

Bonuses, Overtime & Perks

99% received signing bonuses

Average signing bonus: $12,000

100% received performance bonus first year on job

Average performance bonus, 2006: $50,000

NA% of 2006 entry-level hires eligible for OT

NA% of 2006 entry-level hires not eligible for OT

Reimburse employees for ed expenses?: Yes

Do employees become eligible immediately?: Yes

Maximum annual education reimbursement: $NA

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Is there a Paid Time Off (PTO) Bank? No

If no, total paid vacation days:

During first year: 10

After 1 year: 15

After 3 years: 15

After 5 years: 20

After 10 years: 20

Total paid holidays: 9

Time off for religious observances: Yes

If yes, max PTO days:

During first year: NA

After 1 year: NA

After 3 years: NA

After 5 years: NA

After 10 years: NA

Total days off for religious observances: Unlimited

Is flex time available? Yes

Sick, personal days, first year: Unlimited

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Yes

36 months to full vesting in 401(k)

Max. company match as a percentage of salary: NA%

Min. employee set-aside as a percentage of salary to receive max. co. match: NA%

If 401(k) match not calculated as percentage of salary, explain:

Bear Stearns does not match 401(k) contributions; company offers profit-sharing instead.

Are entry-level hires eligible for co-funded pension? Yes

Months to full vesting in co-funded pension: 60

Are entry-level hires eligible for profit-sharing program? No

Months to full vesting in profit-sharing program: NA

Maternity/Paternity Leave

Maximum Maternity Leave

60 days during first year

60 days after 1 year

60 days after 3 years

60 days after 5 years

Maximum Paternity Leave

5* days during first year

5* days after 1 year

5* days after 3 years

5* days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $2,000

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $10,000

Employee Discounts

Car rentals

Gym memberships

Cell phone/service

Insurance

Cultural events

Publications

NOTE: Paternity leave available to any partner of the primary caregiver.

Work Environment

NA hours worked weekly by entry-level hires on average

Does average vary by business unit, department? Yes

Entry-level hire work locations...

50% in open work stations

50% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Does organization monitor e-mail?: Yes

Does organization monitor Web usage? No

Typical dress code

Casual Fridays

Formal/Business

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? Not offered*

Does organization have fitness facilities on site? Some locations

NOTE: The firm does provide emergency child care at some locations.

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 35

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Senior management welcome, selling presentation, compliance training, technical skills, business and product overview

$NA average spent on training, per new hire, in 2006

Is there a formal leadership program for entry-level hires of a year or less? Yes

Capital Markets Analyst Training Program

Do candidates apply directly? NA

If not, how is eligibility determined? NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 8

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Is there a formal leadership program for entry-level hires of a year or more? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined?

NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Does company have formal mentorship program? Yes

100% of entry-level hires participate

8 days of additional training expected

Getting Ahead

Three-year retention rate: 55%

Five-year retention rate: NA%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? One-year anniversary

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion? One-year anniversary

Evaluations

Frequency of evaluations

Twice a year

Important qualities

3-Analytical Skills

1-Leadership Ability

2-Sales/Revenues

Min. tenure in years required for job change: 1

Describe any rules that apply: Good performance

Long-Term Prospects

Does position of VP exist at this organization? Yes

If not, is there a comparable title? NA

No. of employees who hold VP or similar title: 5,297

No. of employees with VP or similar title with 20 years plus seniority: 316

Age of youngest employee with VP or similar title: 26

Seniority of youngest employee with VP or similar title in years: 4