Piper Jaffray

  www.piperjaffray.com
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Piper Jaffray Reviews

Updated 21 July 2014
Updated 21 July 2014
58 Reviews

3.3
58 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
33 Ratings

Review Highlights

Pros
  • Generally good work life balance for finance (in 4 reviews)

  • Flexible work schedule, nice people, meaningful projects (in 5 reviews)


Cons
  • Poor management and work-life balance (in 3 reviews)

  • Lack of client engagement and accountability on part of senior management (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Solid middle market investment bank experience

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

    Pros

    Not a cut throat culture, but still pushed enough to achieve necessary tasks/goals. Flexibility

    Cons

    Pays a little below the market, though if you are a top performer, you will be well compensated. Working in the NY office makes you feel a little less part of the organization given most of the company's staff is in MN

    Advice to ManagementAdvice

    More management leaders based in NY instead of MN

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Effective introduction to the world of Investment Banking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Global Middle Office Intern  in  Minneapolis, MN (US)
    Current Employee - Global Middle Office Intern in Minneapolis, MN (US)

    Pros

    You learn so much so fast, great for students with a general interest in Investment Banking. Flexible work schedule, nice people, meaningful projects. Great corporate setting to develop professional skills. Excellent compensation compared to other student work combined with a surprisingly pleasant and helpful office culture help make this company a good choice.

    Cons

    Somewhat stressful environment and communication is difficult at some points, this comes with the job and the industry however. Internship did not include a presentation to upper-mgmt.

    Advice to ManagementAdvice

    Set clear start and finish dates.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Some groups are strong, others very weak. If you have no other opportunities for banking, then take what you can get

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

    Pros

    Great expense policy
    Will say that the experience was good if compared to small banks. In the middle market space it might be somewhat lacking.

    Cons

    Depending on the group, management is VERY poor and senior bankers terrible
    By management I am referring to heads of the specific groups. Consumer and Healthcare seem to do fine, Tech not so well and culture in satellite offices are a mixed bag. Working in MN seems to be the way to go to advance your career, otherwise things can get pretty tough.

    Advice to ManagementAdvice

    If you are going to treat junior bankers horribly, At least pay well above street and give excellent deal experience.Granted, there are some solid groups in the bank so it all depends on where you are placed. Certainly only consider Piper if you will be in one of their well regarded groups, otherwise stay clear as you will likely get a heart attack before you hit 25. And won't be able to afford the surgery because their pay is not that great...

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Unless your a big wig making $500k a year you dont exist.

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

    Pros

    Nice location downtown its right by the bus stops and the walkways.

    Cons

    All "management" are a joke to work with. "My way or the highway"

    Advice to ManagementAdvice

    quit!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Good, close group of employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Desktop Tech Support  in  Minneapolis, MN (US)
    Current Employee - Desktop Tech Support in Minneapolis, MN (US)

    Pros

    A lot of good people working here, benefits are good. Company is very good with community involvement and allowing employees to focus on family.

    Cons

    Company needs to provide more training for tech employees. They fail to properly recognize employees who put in extra time and effort at bonus time. Tech management has too many employees for each manager to properly manage (staffing was cut too thin in 2009).

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Good M&A Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Banking Associate  in  Charlotte, NC (US)
    Current Employee - Investment Banking Associate in Charlotte, NC (US)

    Pros

    Strong execution focus, fun junior professionals, generalist approach allows for junior professionals to work across a number of industries

    Cons

    Limited upward mobility, tough work-life balance, process focus makes competing for new business difficult against some industry banks.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Typical MidWestern middle market investment bank-down to earth, humble people who are also smart

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Institutional Sales- Fixed Income  in  Minneapolis, MN (US)
    Former Employee - Institutional Sales- Fixed Income in Minneapolis, MN (US)

    Pros

    Very motivated smart people working out of their headquarters in Minneapolis. Generally supportive atmosphere. Work hard, play hard mentality. Great place to learn.

    Cons

    Midwestern focused. Management is all out of Minneapolis, so if you work at a satellite office a lot of travel to and from Minneapolis. Also because most of the bank is run out of Minneapolis satellite offices often feel disconnected from the main headquarters and management is often disconnected from what is actually taking place at the local level.

    Advice to ManagementAdvice

    Spend more facetime with your local offices and get them connected to HQ.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  9.  

    Company with morals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Banking Assistant
    Current Employee - Investment Banking Assistant

    Pros

    Supportive environment, great co-workers, competitive salary, generous benefits package.

    Cons

    Upward mobility stagnant for my position.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Pretty good culture, lots of hard work, a little conservative

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

    Pros

    Lots of junior-level responsibility, seems like good opportunities to move around within the organization. Healthcare group has a great reputation

    Cons

    Less M&A focused, more equity deals

    Recommends
    Positive Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Piper is penny wise and pound foolish

    • 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

    There were definitely some smart people that I had the pleasure of working with, good benefits.

    Cons

    Piper doesn't pay -- they hire losers that can't get jobs at other banks and end up firing them soon after because they aren't a good fit. Those that are smart and competent end up leaving because the bonuses are terrible and they don't get raises.

    Advice to ManagementAdvice

    Invest a bit more money in hiring winners.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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