Jefferies & Company

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Jefferies & Company Reviews

Updated 8 August 2014
Updated 8 August 2014
99 Reviews

3.2
99 Reviews
Rating Trends

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

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)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    fair, conservative, no growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY (US)
    Former Employee - Anonymous Employee in New York, NY (US)

    Pros

    conservative, sails through tough times

    Cons

    B leage, too conservative, cheap

    Advice to ManagementAdvice

    make the changes to become a major leage player

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Very uneven compensation in the S&T businesses

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    + Huge opportunities to advance quickly if you are good
    + Growing, improving product

    Cons

    + Clubby, old boys atmosphere
    + Compensation is wildly uneven and totally opaque; doesn't often seem to be correlated with performance
    + Management doesn't communicate with employees leading to an environment of suspicion and gossip
    + Limited investment in technology hampers growth of firm

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  3.  

    Does not value junior bankers, quickly growing company with opportunity to make impact

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Analyst  in  New York, NY (US)
    Former Employee - Investment Banking Analyst in New York, NY (US)

    Pros

    Some deal teams are lean and you get a lot of responsibility and interaction with senior bankers and clients as an analyst. More opportunities to run a deal.

    Jefferies used to provide good perks (lunch, mobile plan reimbursement, huge discount to LA Sports Club for analysts, etc.) but then they disappeared during the downturn.

    Cons

    During the downturn, they laid off junior bankers first and then made aggressive strategic senior hires.

    They claim that analyst bonuses were on par with the rest of the street, but very few actually get that top bonus relative to other banks.

    Certain IB groups have a terrible reputation. Tech (formerly Jefferies Broadview) used to do great deals, but now run by mostly political senior bankers.

    Advice to ManagementAdvice

    Jefferies has a bad reputation for its treatment of junior bankers. My analyst class had such a bad experience that many would never go back.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    associate ibd

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Associate  in  New York Mills, NY (US)
    Former Employee - Investment Banking Associate in New York Mills, NY (US)

    Pros

    overall decent people. some have a chip on shoulder bc not at a bigger bank

    Cons

    work on smaller deals that take up just as much time as bigger ones. zero brand name recognition if you try to move on

    Advice to ManagementAdvice

    handler is good. treat juniors as part of the team, not as a resource to get deals done

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Fixed Income Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fixed Income Analyst  in  Stamford, CT (US)
    Former Employee - Fixed Income Analyst in Stamford, CT (US)

    Pros

    Get to work with MDs, Get some hands on experience, smart guys working there, MBS and High Yield is awesome loved it

    Cons

    Unstructured internship, don't get opportunities to actually help workers, don't do that much during internship, great time, was really fun, but wanted to learn more and contribute more

    Advice to ManagementAdvice

    Organize internship program

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Company has a serious lack of communication within members the team and between management and employees.

    • Comp & Benefits
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    They are willing to pay well as long as you contribute. New hires are also paid very well base.

    Cons

    Bad credit rating. One minor crisis and the company will get blown out of the water.

    Advice to ManagementAdvice

    Communicate better with employees. Be more specific in presenting goals your group should achieve.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 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.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY (US)
    Former Employee - Vice President in New York, NY (US)

    Pros

    Potential 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.

    Cons

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

    Advice to ManagementAdvice

    Richard Handler is sketchy, watchout !!!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Poor development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst  in  San Francisco, CA (US)
    Current Employee - Analyst in San Francisco, CA (US)

    Pros

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

    Cons

    Poor 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.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Review for 2011

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Equity Research Associate  in  New York, NY (US)
    Former Employee - Equity Research Associate in New York, NY (US)

    Pros

    Good pay, good people, but very intense

    Cons

    intense, little support, not good work life balance

    Advice to ManagementAdvice

    nothing really

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  11.  

    Unprofessional to an incompetent degree

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY (US)
    Former Employee - Vice President in New York, NY (US)

    Pros

    Easy to shine in short bursts

    Cons

    unprofessional 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 ManagementAdvice

    Study the organization

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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