Jefferies & Company

  www.jefferies.com
  www.jefferies.com

Jefferies & Company Reviews

Updated October 9, 2014
Updated October 9, 2014
117 Reviews
3.3
117 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
77 Ratings

Review Highlights

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)

  • the management of the company, long hours (in 7 reviews)

More Highlights

32 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Most of the people really cared about the business.

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

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

    Pros

    The people that cared made sure things got done

    Cons

    Lack of formal training, and the senior people are not in touch with staff.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Corporate Enviroment

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

    I have been working at Jefferies & Company full-time (more than 8 years)

    Pros

    Steady job, fast paced, comfortable environment

    Cons

    No growth for staff and lack of staff support

    Advice to ManagementAdvice

    Offer better compensation for staff

    Doesn't Recommend
    Positive Outlook
  3.  

    Business Analyst in Operations

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

    I worked at Jefferies & Company as a contractor (more than an year)

    Pros

    People are great. Warm environment

    Cons

    Upper Management doesn't have a clue. Some senior VPs are cool. It's the head of departments that are oblivious. They do not compensate their employees properly for the job they do.They have no plan, do not have their act together.

    Advice to ManagementAdvice

    Take your head out of the sand. People are leaving because you are too busy giving dinner parties in your pent house for people that don't matter! Take care of your employees, the ones doing the grunt work.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Great if you get a contract

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

    I worked at Jefferies & Company full-time (more than an year)

    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 ManagementAdvice

    - Stop trying to be bulge bracket

    No opinion of CEO
  6.  

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

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

    I worked at Jefferies & Company as an intern (less than an year)

    Pros

    People 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

    Cons

    Deals 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

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

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

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

    I worked at Jefferies & Company full-time (more than 8 years)

    Pros

    Aggressive 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.

    Cons

    Hours 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 ManagementAdvice

    Listen to what the employees are saying. Don't rush to get too big too soon.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Growing Company, Poor Timing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Associate in Boston, MA
    Current Employee - Sales Associate in Boston, MA

    I have been working at Jefferies & Company full-time (more than an year)

    Pros

    Very 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

    Cons

    No 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 ManagementAdvice

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

    Neutral Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Smart people in the weeds

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 8 years)

    Pros

    This 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.

    Cons

    Non-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 ManagementAdvice

    There 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.

    Neutral Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    No culture

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

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

    Pros

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

    Cons

    Zero 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 ManagementAdvice

    Look past the next ticket to build some teamwork and cohesion.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Good place if you could find your niche

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

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

    Pros

    Little bureaucracy, fast decision making, available opportunities

    Cons

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

    Advice to ManagementAdvice

    Thing deep, invest more into future

    Recommends
    Positive Outlook
    No opinion of CEO

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