Jefferies & Company Reviews

Updated June 29, 2015
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Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
10 Ratings

Pros
  • Jefferies investment banking division is an up and comer in the industry (in 8 reviews)

  • Great learning environment, solid deal flow, great exit opps, great people (in 6 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 7 reviews)

More Pros and Cons

28 Employee Reviews

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  1. Helpful (1)

    Management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Little Silver, NJ
    Former Employee - Senior Vice President in Little Silver, NJ

    I worked at Jefferies & Company (More than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Decent Firm
    Senior management appears to be involved and care; make quick decisions; act like traders

    Cons

    Management has a high opinion of themselves. Get into businesses they don't understand. Senior Management is overpaid; support staff is no appreciated

    Advice to Management

    Practice what you preach and get back to the core value - don't just write about it


  2. Helpful (2)

    Wasted Talent

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

    I have been working at Jefferies & Company full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good intern opportunities, can learn a lot and move on when renumeration is not sufficient.

    Cons

    Lacks any cohesive culture due to upper management's ongoing exclusive behavior.

    Advice to Management

    You are losing good people due to poor managers and lack of teamwork on trading desks.


  3. Great for college and high school students.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Manager in Fort Smith, AR
    Former Employee - Assistant Manager in Fort Smith, AR

    I worked at Jefferies & Company full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Flexible schedules for college and high school students.

    Cons

    Low pay, no benefits,


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Not worth it if working within Corporate Services

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ

    I have been working at Jefferies & Company full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    20 paid days off per year, can work from home when needed. Offices are located within convenient distance to transit.

    Cons

    There is little to no respect given for corporate services positions in terms of compensation. Corporate services also maintains a poor and inexperienced senior management team throughout.


  6. Inefficiency in IT

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Manager in New York, NY
    Former Employee - IT Manager in New York, NY

    I worked at Jefferies & Company full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Some really nice people to work with.

    Cons

    Some misaligned mid to senior IT managers who are the impediment and reason why they are running a very high IT budget.

    Advice to Management

    Nurture your true talent, remove the impediments in IT who does not put company's interest over their own personal interest, realign some misaligned managers who has very little knowledge and experience in the area they are managing.


  7. revolving door

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

    I worked at Jefferies & Company

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

    Pros

    Used to be a good name to get on your resume

    Cons

    It is a revolving door there. No employer or employee loyalty anymore.

    Advice to Management

    Enough with the "You're lucky to have a job" attitude.


  8. Awesome team members but management is inept.

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

    I have been working at Jefferies & Company full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Many of my colleagues are spot on some of the best in the business, and I've learned some significant life lessons from them. The compensation is spot on given the job but the clawback on bonuses is kind of bullsh!t

    Cons

    There are many more in management that seem to have the skill set of a toddler and many times they sound like a toddler when they don't get their way. There really isn't a path for personal or professional growth, it's as if they use you for two years and toss you to the curb like this weeks recycling.

    Advice to Management

    Respect your employees and understand that we're humans with needs and emotions, and even some ethics once in awhile. Throwing us a bone once in awhile doesn't make us feel good; quite the opposite though. Of course management is day to day with their heads in the clouds and seemingly growing the ranks of management without growing your base level of employees.


  9. not ideal

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IBD Analyst
    Current Employee - IBD Analyst

    I have been working at Jefferies & Company full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Compensation is generally on par with the street. Work is similar to that in any other investment bank, though the deal teams are slightly thinner. Junior bankers generally spend significantly more time pitching than those at other banks.

    Cons

    Turnover is higher here than at competing banks. Exits opportunities are not on par with those at bulge brackets. Cutthroat culture. Little communication between senior management and juniors. Rigid compensation structure. Significant financial penalties if you decide to leave.


  10. Worst Bureaucracy ever...with little movement (Operations)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Junior Business Analyst in New York, NY
    Current Contractor - Junior Business Analyst in New York, NY

    I have been working at Jefferies & Company as a contractor (More than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Free cereal and coffee. Nice building lol

    Cons

    Operations division is the worst

    Advice to Management

    Do some research before hiring your PM's for compliance projects


  11. Talking a Big Game

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

    I worked at Jefferies & Company

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

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

    Cons

    Continually 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 Management

    There'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.



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