Jefferies & Company

  www.jefferies.com
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Jefferies & Company Reviews

Updated Jun 3, 2014

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All Employees Current Employees Only

3.2 98 reviews

82% Approve of the CEO

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

Richard B. Handler

(66 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)

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

     

    Great if you get a contract

    Anonymous Employee (Former Employee) New York, NY

    Pros- Pays some people very generously
    - Great people: intelligent, good energy

    Cons- Pays some people very poorly
    - Quick to cut any sectors that underperform
    - Management strategy changed frequently

    Advice to Senior Management- Stop trying to be bulge bracket

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

     

    Firm is in a good position, probably a bit too much hype

    Investment Banking Analyst (Former Employee) New York, NY

    ProsPeople generally very understanding, hours very reasonable for investment banking, senior leadership very approachable (would sit in VP+ offices, calls, etc.), not too much cutthroat competition

    ConsDeals after fairly small, spent a lot of time chasing down <$1B deals. A lot of pitching. A bunch of very senior people from other firms who aren't used to working in a lean environment. Budget cuts seem random

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • Approves of CEO

     

    Trying to play in the big leagues. An Ok place to work for Equity research

    Senior Associate (Former Employee) New York, NY

    ProsAggressive culture. Jefferies has been trying to gain market share away from some of the larger players. They have been trying to hire away talent from some of the bigger shops such as UBS and Morgan Stanley by luring people with 2 year guarantees. Not sure if this model is sustainable if they don't generate enough revenues through these new hires.

    ConsHours could be long. Sales can get demanding at times. Year end review process is relatively opaque. There is a push to get analysts II ranking, which means a ton of outbound phone calls (500+) every month. This activity among others is tracked internally.

    Advice to Senior ManagementListen to what the employees are saying. Don't rush to get too big too soon.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Growing Company, Poor Timing

    Sales Associate (Current Employee) Boston, MA

    ProsVery Flat organization and Leadership is surprisingly transparent
    Avoided many of the investment mistakes that sank competitors in the industry
    Some of the best people I have ever worked with in my career

    ConsNo clear processes regarding career development.
    If you don't find a strong niche for your skills and talent, you will be passed over.

    Advice to Senior ManagementFinds ways to instill a stronger sense of culture and values
    Invest in ways to formalize hiring and career development

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    • No Opinion of CEO

    1 person found this helpful  

    Smart people in the weeds

    Vice President (Current Employee) New York, NY

    ProsThis company has really smart people all over the place. The atmosphere is generally nice, and the company is very ethical. Compensation is slightly below fair, but is made up for by a good working culture. The firm's reputation is great.

    ConsNon-managers have careers that stagnate largely due to politics. Managers have no incentive to promote and nurture great talent, and thus they focus only on making sure those above them hear what they want to hear. They can't promote as it would compromise their very own roles.

    The CEO and chairman have a different mindset, however their mentality doesn't always trickle down.

    Advice to Senior ManagementThere is a world beyond management. The real people who are doing work are oven overlooked. Look at all those people who are VP and below and focus on them as much as you do all those at SVP and above.

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    • No Opinion of CEO

     

    Good place if you could find your niche

    Trader (Former Employee) New York, NY

    ProsLittle bureaucracy, fast decision making, available opportunities

    ConsCost orientation undercutting serious thoughts about future opportunities, running too much stuff on skeleton set-up

    Advice to Senior ManagementThing deep, invest more into future

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    No culture

    Senior Sales/Trader (Current Employee) New York, NY

    ProsIf you produce they pay well. But that has changed with clawbacks so it's very similar to the bulge bracket firms.

    ConsZero culture. When you take people from deceased firms - Bear, Leh, Mer, GCM - and throw them into an eat what you kill pool and no management from the top you get a toxic stew. People trying to steal accounts, not answering/backing up when off the desk. The one benefit was the monthly hard dollar payouts. That's now gone and clawbacks are in place so other than a place to park your feet there are better places out there.

    Advice to Senior ManagementLook past the next ticket to build some teamwork and cohesion.

    No, I would not recommend this company to a friend

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    • No Opinion of CEO

     

    decent place

    Associate (Former Employee) New York, NY

    ProsExcellent IT to work with, good HR profile, great people to work with. Robust processes in which to get things done with clear workflows to track items.

    ConsRigid pay policies and lack of transparency around them. Advancement within teams and to new teams is not always transparent - many senior positions appointed through networking and not through advertisement and interviews.

    Advice to Senior ManagementTransparency required for new positions and promotions to allow all to apply.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    fair, conservative, no growth

    Anonymous Employee (Former Employee) New York, NY

    Prosconservative, sails through tough times

    ConsB leage, too conservative, cheap

    Advice to Senior Managementmake the changes to become a major leage player

    Yes, I would recommend this company to a friend

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

     

    Very uneven compensation in the S&T businesses

    Anonymous Employee (Former 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

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

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