Piper Jaffray Reviews

Updated June 30, 2015
14 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
Employment Status

Reset
1.0
Rating Trends
Recommend to a friend
Approve of CEO
Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
9 Ratings

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

  • Given lots of responsibility and exposure to C-level executives early in your career (in 3 reviews)

Cons
  • Disconnected from the core group in Minneapolis (in 4 reviews)

More Pros and Cons

14 Employee Reviews

Sort: Popular Rating Date
  1. Bad Wall Street Internship Experience

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

    I worked at Piper Jaffray as an intern (Less than a year)

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

    Pros

    -Steep learning curve
    -Lean deal teams
    -Strong in healthcare
    -My MD demonstrated concern for my professional development, and I imagine most MD's treat their junior employees with respect.
    -Some analysts willing to lend a helping hand to interns
    -Even though it is a 2nd tier firm, other employers, even outside finance, respect having IB experience, and Piper on your resume can boost your odds of employment elsewhere.

    Cons

    -Toxic culture
    -Long unrewarding hours
    -Dreary office space with limited snacks, amenities
    -Not enough formal training, yet expected to perform highly from the start
    -Accepted internship offer on agreement I would be placed in a certain group and ultimately ended up in an inferior group with no say in the matter. Demonstrates lack of care for junior employees.

    Advice to Management

    -Bulk up the NYC presence; clearly it is a midwestern bank, but the New York office feels isolated and irrelevant.
    -Provide more formal training and mentorship.
    -Long hours are a part of Wall Street, but interns were often held in the office unnecessarily for bureaucratic reasons and to respect the hierarchy, which seems ridiculous.


  2. Great work, really poor working culture and team

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

    I worked at Piper Jaffray full-time (Less than a year)

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

    Pros

    Middle market investment banking lends itself to give junior team members a ton of responsibility right out of college.

    Cons

    Piper has a strong presence in the healthcare industry vertical, but presence in others is virtually nonexistent.


  3. Helpful (1)

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

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

    I worked at Piper Jaffray full-time (Less than a year)

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

    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 Management

    quit!


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


  5. Helpful (1)

    No communication from management, very disorganized structure.

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

    I worked at Piper Jaffray

    Positive Outlook
    Approves of CEO
    Positive Outlook
    Approves of CEO

    Pros

    Nice employees to work with. Good opportunity to make a lot of money.

    Cons

    No clear vision for future. Rapid hiring with no direction for new hires.

    Advice to Management

    Develop. Game plan before hiring employees.


  6. Helpful (1)

    Unhelpful Internship

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

    I worked at Piper Jaffray as an intern (Less than a year)

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

    Pros

    - Regular meal and cab expenses

    Cons

    - A lot of admin work and no financial modeling
    - Pay is not consistent with ibanking internships; it is SALARIED not hourly so expect to work long hours without the right compensation
    - Rude culture; I was rarely called by my name
    - No real staffer to give you work; hence, you end up doing bits and pieces here and there for random people without completing a project/deal from start to finish
    - No mentorship to help you grow

    Advice to Management

    Create an internship similar to that of other banks and you might retain some interns when you extend offers


  7. Helpful (1)

    Frustrating

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

    I worked at Piper Jaffray full-time (More than 5 years)

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

    Pros

    Remarkably enduring brand
    Strong senior bankers dedicated to delivering for clients
    Good cultural feel in individual industry groups

    Cons

    Persistently and demonstrably poor and inexperienced leadership, with a bewildering sense of entitlement
    Lack of client engagement and accountability on part of senior management
    Absence of vision and passion to win at helm
    Very siloed structure with disincentives to cross industry teams and work as one firm

    Advice to Management

    Have vision and exert leadership rather than reciting corporate platitudes as strategy.


  8. Helpful (1)

    I would be very surprised if this ship stays afloat for too long!

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

    I worked at Piper Jaffray full-time (More than 3 years)

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

    Pros

    Talented individual contributors. A great place to learn without the rewards.

    Cons

    Inept management, lacks talent across the board.

    Advice to Management

    Stay away from playing politics. Please compare yourself to your peers. Maybe you talked yourself in to a promotion. Ask yourself if you are really qualified for the job? If not, step aside.


  9. Helpful (1)

    Worst Sweat Shop ever!

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

    I worked at Piper Jaffray full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Exposure to C-level executives, great learning experience. You get to do all the work - learning- with everyone else is ready to take credit

    Cons

    No work life balance
    Inexperienced senior management incapable of sourcing deals that will actually close
    Dissatisfaction at every level due to compensation or nature of work resulting in everyone trying to look for an exit

    Advice to Management

    Needs to put a serious thought into whether the franchise will be in business in 10 years


  10. Helpful (1)

    Has notable pros and cons...

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA

    I worked at Piper Jaffray

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

    Pros

    Opportunity to work closely alongside senior managers and smaller, growth-oriented clientele.

    Cons

    It appears that the most accomplished and competent individuals sit in Minni.

    Advice to Management

    Develop a consistent internal message and execute on it.


  11. Helpful (6)

    Not a good employer at all

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

    I worked at Piper Jaffray

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The only good thing, I guess, I could recall that it was location of the building (downtown of Minneapolis) very close to everything.

    Cons

    Not a good company to work for. First, compensation probably the lowest I've seen in comparable firms. I'm making at least 70% more now doing pretty much the same level job in operations in another bank. Second, management to say it politely, not the brightest and only interested in their own compensation and benefits. Treatment of team members is very poor sometimes even insulting. One of my former co-workers asked if he can have a personal business card issued for him. Manager just laughed him in a face. Most management is promoted not because of hard work but because of the favoritism. Not diverse environment at all. Many managers didn't even have a college degree. After they were bought by UBS they laid off pretty much all their operations.

    Advice to Management

    It would be nice if you sometimes think not just about your bonuses and backdated options but about your employees whose hard work is very often overlooked.



Showing 14 of 75 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.