Piper Jaffray

  www.piperjaffray.com
  www.piperjaffray.com

Piper Jaffray Reviews

Updated October 18, 2014
Updated October 18, 2014
61 Reviews
3.0
61 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
35 Ratings

Review Highlights

Pros
  • Generally good work life balance for finance (in 4 reviews)

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


Cons
  • Poor management and work-life balance (in 3 reviews)

  • Lack of client engagement and accountability on part of senior management (in 4 reviews)

More Highlights

13 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great work, really poor working culture and team

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

    I worked at Piper Jaffray full-time (less than an year)

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

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

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

    I worked at Piper Jaffray full-time (less than an year)

    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 ManagementAdvice

    quit!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    No communication from management, very disorganized structure.

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

    I worked at Piper Jaffray

    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 ManagementAdvice

    Develop. Game plan before hiring employees.

    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Unhelpful Internship

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

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

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Frustrating

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

    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 ManagementAdvice

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

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

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

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

    Pros

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

    Cons

    Inept management, lacks talent across the board.

    Advice to ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Worst Sweat Shop ever!

    • 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 Piper Jaffray full-time (more than 5 years)

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
  9. 1 person found this helpful  

    Has notable pros and cons...

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

    I worked at Piper Jaffray

    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 ManagementAdvice

    Develop a consistent internal message and execute on it.

    Doesn't Recommend
    No opinion of CEO
  10. 6 people found this helpful  

    Not a good employer at all

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

    I worked at Piper Jaffray

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Disapproves of CEO
  11. 1 person found this helpful  

    Little Fish that thinks it's big

    • Career Opportunities
    Former Employee - Trading
    Former Employee - Trading

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

    Pros

    Midwestern atmosphere, centraly located and business casual.

    Cons

    Mismanaged, Nepotism & Politics. If your members of the 'right socienty' you'll fit right in. Otherwise, get ready so shoulder bafoons.

    Advice to ManagementAdvice

    Quit!

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