Jefferies & Company

www.jefferies.com

Jefferies & Company Reviews

Updated October 31, 2014
Updated October 31, 2014
123 Reviews
3.3
123 Reviews
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Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
78 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

22 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Poor development

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

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

    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
  2.  

    Unprofessional to an incompetent degree

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

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

    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
  3.  

    Interesting - but could be better

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

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

    Pros

    Good experience working on IB projects in the Energy Sector

    Cons

    Poor guidance and training effort for interns. No organized internship program.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Good learning experience. Somewhat abusive culture.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Banking Associate in Boston, MA
    Former Employee - Investment Banking Associate in Boston, MA

    I worked at Jefferies & Company

    Pros

    Commercially aggressive
    Broad product and deal flow

    Cons

    Lack of integrity
    Poor culture
    Revolving door

    Doesn't Recommend
    No opinion of CEO
  6.  

    bad experience, not only did they lie about the amount of interns that would be converted, but they took extra time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Summer Analyst - Fixed Income Sales & Trading in New York, NY
    Former Employee - Summer Analyst - Fixed Income Sales & Trading in New York, NY

    I worked at Jefferies & Company

    Pros

    not many ----pay is at least in line with other firms

    Cons

    just for everyone's reference in the future ---probably should try to stay away from jefferies for summer internships---at least for trading
    in fixed income they told us they would be hiring 70 to 80% of the analysts for the program----then even on the last day of the internship they told us they would hire 6 or 7 of the 10 interns----

    to make matters worse, not only did they take an extra 3 weeks then they were supposed to to give offer decisions----but they only hired 2 people----

    furthermore, the program is extremely unstructured---theres no formal training---and the whole mentality among people there has nothing to do with giving an intern a positions---there's no mentorship program---the EM desk literally told us from the start that they only hire people with experience---the advice is to stay away coming from someone that had offers at multiple BB programs and ended up obv. not getting an offer....

    ranting because i just saw a video on their new careers site with their head of FI saying how they are now focusing on building internally via hiring junior people----when that is a bunch of crap (at least for fixed income)

    extremely unprofessional HR treatment

    Advice to ManagementAdvice

    get the intern program more organized---don't mislead kids into taking a position with the firm when there's an extremely small chance of getting hired----build a training program--support and have HR honor a date of commitment

    Doesn't Recommend
    Disapproves of CEO
  7. 1 person found this helpful  

    Very small company with an even smaller budget

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

    I worked at Jefferies & Company

    Pros

    Free coffee. Location, location, and location.

    Cons

    Jersey City location - Office enviroment too small. No bathroom on first floor. Must use bathroom in restaurant.

    Advice to ManagementAdvice

    One one hand almost everyone gets two monitors but on the other hand the most you afford for a stapler is $2.00.

    Doesn't Recommend
    No opinion of CEO
  8. 1 person found this helpful  

    Lack of Career Progress

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

    I have been working at Jefferies & Company

    Pros

    Emerging trading firm on global basis

    Cons

    No support and no value for career progress in company

    Advice to ManagementAdvice

    Need to make adjustments quickly if longevity of your employees is of value to the firm. Significant disappointment among many.

    Doesn't Recommend
    No opinion of CEO
  9. 1 person found this helpful  

    Clueless management

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

    I have been working at Jefferies & Company

    Pros

    Good salary, convenient location and accessibility.

    Cons

    The right hand does not know what the left hand is doing. Managers create their little empires and spend most of their time preserving their power. Some managers are rude and abusive to employees. Company culture discourages sharing of knowledge, teamwork and innovation in general.
    Managers micromanage employees to a huge degree. Managers are feared and most employees do not feel comfortable giving their opinion or disagreeing.

    Advice to ManagementAdvice

    You have a very knowledgeable and talented group of employees. You should encourage teamwork, sharing of information and knowledge.
    Company has a lot of potential if management is willing to update their processes and procedures.

    Doesn't Recommend
    Disapproves of CEO
  10. 1 person found this helpful  

    Room for improvement.

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

    I worked at Jefferies & Company

    Pros

    Jefferies is well positioned for a revovery in the financial services marketplace. Jefferies minimizes its exposure to risky business lines and proprietary trading, and is well capitalized to withstand downturns in the economy. As the market turns around, Jefferies will continue its leadership position as an independant and diversified investment bank and institutional brokerage, catering to small and mid-size firms.

    Cons

    Favoratism runs rampant at Jefferies. Hiring and promotions are based on who you know, not what you know. Many times, mid-level management stiffles communication because they are more interested in promoting themselves and their "cronies" rather than foster open communication, build trust and share knowledge between different groups.

    Advice to ManagementAdvice

    Senior management needs to implement 180/360 degree feedback. This way, management will realize which managers are being productive by addressing real business issues, and which are just playing politics.

    Doesn't Recommend
    Approves of CEO
  11.  

    Middle Management is a major gating factor to taking this company to the next level

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate - Database Administration
    Current Employee - Associate - Database Administration

    I have been working at Jefferies & Company

    Pros

    Executive management is top notch, too bad middle management does not follow suit

    Cons

    There are middle managers at this company who are dinosaurs that are NOT willing to grasp new technologies; as these technologies threaten their existance, i.e. sand box.
    Dealt with some children type mentalities in the technology department, i.e. I was here first attitude and I will force you to reinvent the wheel and waste company resources, i.e. sand box
    Union-like mentality, 'seniority' supersedes everything else, its not about your skill-set, its about how long you have been with the company.
    Co-workers purposely hide information and provide erroneous information for political/personal gain
    There are very few team players in technology, its a lone ranger mentality, I don't think many played sports.

    Advice to ManagementAdvice

    Get rid of middle management and let zealous workers shine.

    Doesn't Recommend
    Approves of CEO

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