Jefferies & Company

  www.jefferies.com
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Jefferies & Company Reviews

Updated Jul 24, 2014

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All Employees Current Employees Only

3.2 97 reviews

82% Approve of the CEO

Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler

Richard B. Handler

(65 ratings)

55% of employees recommend this company to a friend

Review Highlights

Pros
  • Solid deal flow in San Francisco(in 5 reviews)

  • Excellent IT to work with, good HR profile, great people to work with(in 5 reviews)


Cons
  • Work life balance is slightly worse than at other major banks for similar compensation(in 9 reviews)

  • Long hours and heavy responsibilities(in 6 reviews)

18 Employee Reviews Back to all reviews
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in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Talking a Big Game

    Anonymous Employee (Former Employee)

    ProsManagement's current mindset on expansion could present opportunities for financial services professionals looking to shift their current roles to a different company.

    ConsContinually heard from management how Jefferies was "special" and had a "uniquely different approach" to financial services compared to the traditional bulge bracket firms. In truth, it has all the pitfalls of larger rivals (uninspired thinking and leadership, internal politics) without the benefit of their expansive institutional scale and resources.

    Advice to Senior ManagementThere's nothing wrong with aspiring to grow your business and expand your market imprint. It's a commendable aim, and when implemented correctly with true vision and out-of-the-box thinking, there is the possibility for it to be a real drawing card for quality talent.
    Unfortunately, Jefferies has adopted an uninspired approach in attempting to gain grown on its competitors. Poaching new employees through lateral moves from rival firms and adhering to the traditional Wall St. "groupthink" that helped cause the 2008 crisis will accomplish little in a contracting industry where all participants are fighting for diminished profit margins.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Foster City Office / Tech Group

    Anonymous Employee (Former Employee)

    ProsGood opportunity to do IBD in tech... you can lateral to a bulge or have a shot at joining tech from the investing/biz dev side. Office has nice views of the man-made lake in Foster City, - first-row seats to the July 4th fireworks.

    ConsPunishing work culture with unfriendly senior management, even by IBD's standards. Extremely high turnover among analysts and associates... even Jefferies NYC guys are surprised.

    Advice to Senior ManagementDon't drive your juniors so hard, and say hello to them once in a while.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Good middle market IB firm

    Assistant Vice President (Current Employee) New York, NY (US)

    ProsAs professional service mid-sized firms go it's not a bad place to work. You get more out of it if you are in the core competency - a banker. If you directly report to nice people then it is tolerable.

    ConsNot much in the way of professional growth or development or opportunities for promotion unless you are a banker. Low pay for non-banker personnel. As with most firms, senior management hasn't a clue as to what is going in their own firm. If temping, they take a long time to bring you on board...it does depend on department. Some have more clout with senior management than others.

    Advice to Senior ManagementTreat all the workers the same, give them all advancement opportunities so they want to stay. Create work-life balance policies and implement them.

    – I'm optimistic about the outlook for this company

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    FX Trading situation is HORRIBLE!

    FX Trading (Former Employee) New York, NY (US)

    ProsHigh pay scale for new employees. Not the biggest attraction for talent so they have to pay-up.

    ConsIf you do get a job there, you will not be having it for too long. Desk does very poorly.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    over worked and under paid

    Anonymous Employee (Current Employee)

    ProsReally not much pros at all.

    ConsToo many to list here.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    IT Dept is low expectations, low output. A few stars carry a lot of low contributing head count. Can be bureaucratic.

    Vice President (Former Employee) New York, NY (US)

    ProsPotential career growth if you are willing to fight for it. Old guard (Equities) is ripe for shakeup if you have the guts and can play politics.
    (IT) Easy to fade into the low productivity curve and exert minimal effort. International opportunities.

    ConsSometimes felt like a special education prison (IT)
    TPS reports can be a drag. A lot of hairy legacy processes.

    Advice to Senior ManagementRichard Handler is sketchy, watchout !!!

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Poor development

    Analyst (Current Employee) San Francisco, CA (US)

    ProsLots of deal flow
    Lots of pitching
    Long hours
    Good place to start if this is your best choice. Top of the middle market

    ConsPoor development - mid tier is very weak, you either come in knowing all the finance / accounting or you're out of luck. Can be annoying working for seniors with unreasonable demands who have no idea how to do what they're asking you to do.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Unprofessional to an incompetent degree

    Vice President (Former Employee) New York, NY (US)

    ProsEasy to shine in short bursts

    Consunprofessional environment populated by friends and family rather than by the talent. Senior management unaware that a company is made up of more than just sales and trading - it actually requires capable IT and middle office as well as a thoughtful investment in infrastructure and assets that support the business process. Penny wise and often pound foolish coupled with extravagant waste thrown at the wrong people

    Advice to Senior ManagementStudy the organization

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Interesting - but could be better

    Investment Banking Analyst (Former Employee) Houston, TX (US)

    ProsGood experience working on IB projects in the Energy Sector

    ConsPoor guidance and training effort for interns. No organized internship program.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Middle Management is a major gating factor to taking this company to the next level

    Associate - Database Administration (Current Employee)

    ProsExecutive management is top notch, too bad middle management does not follow suit

    ConsThere are middle managers at this company who are dinosaurs that are NOT willing to grasp new technologies; as these technologies threaten their existance, i.e. sand box.
    Dealt with some children type mentalities in the technology department, i.e. I was here first attitude and I will force you to reinvent the wheel and waste company resources, i.e. sand box
    Union-like mentality, 'seniority' supersedes everything else, its not about your skill-set, its about how long you have been with the company.
    Co-workers purposely hide information and provide erroneous information for political/personal gain
    There are very few team players in technology, its a lone ranger mentality, I don't think many played sports.

    Advice to Senior ManagementGet rid of middle management and let zealous workers shine.

    No, I would not recommend this company to a friend

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