Piper Jaffray

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Piper Jaffray Reviews

Updated Jul 11, 2014
All Employees Current Employees Only

2.8 58 reviews

48% Approve of the CEO

Piper Jaffray Chairman and CEO Andrew S. Duff

Andrew S. Duff

(33 ratings)

49% of employees recommend this company to a friend

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)

12 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

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

    Anonymous Employee (Former Employee) Minneapolis, MN

    ProsNice location downtown its right by the bus stops and the walkways.

    ConsAll "management" are a joke to work with. "My way or the highway"

    Advice to Senior Managementquit!

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

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

    1 person found this helpful  

    No communication from management, very disorganized structure.

    Anonymous Employee (Former Employee)

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

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

    Advice to Senior ManagementDevelop. Game plan before hiring employees.

    – I'm optimistic about the outlook for this company

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

    1 person found this helpful  

    Unhelpful Internship

    Investment Banking Analyst (Former Employee)

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

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

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

    1 person found this helpful  

    Frustrating

    Managing Director (Former Employee) New York, NY

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

    ConsPersistently 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 Senior ManagementHave vision and exert leadership rather than reciting corporate platitudes as strategy.

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

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

    1 person found this helpful  

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

    Vice President (Former Employee) Minneapolis, MN

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

    ConsInept management, lacks talent across the board.

    Advice to Senior ManagementStay 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.

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    Worst Sweat Shop ever!

    Vice President (Former Employee) New York, NY

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

    ConsNo 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 Senior ManagementNeeds to put a serious thought into whether the franchise will be in business in 10 years

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

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

    1 person found this helpful  

    Has notable pros and cons...

    Investment Banking Analyst (Former Employee) San Francisco, CA

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

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

    Advice to Senior ManagementDevelop a consistent internal message and execute on it.

    No, I would not recommend this company to a friend

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

    6 people found this helpful  

    Not a good employer at all

    Anonymous Employee (Former Employee) Minneapolis, MN

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

    ConsNot 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 Senior ManagementIt 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.

    No, I would not recommend this company to a friend

    • Career Opportunities

    1 person found this helpful  

    Little Fish that thinks it's big

    Trading (Former Employee)

    ProsMidwestern atmosphere, centraly located and business casual.

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

    Advice to Senior ManagementQuit!

    1 person found this helpful  

    Worst sweat shop ever

    Anonymous Employee (Current Employee)

    ProsCertain sub-groups are doing great job and have strong market presence - Health Care (Med Tech only)

    ConsNo vacation for associates
    Substantially lower pay compared to street - even compared to middle market
    Inexperienced VPs and Principals incapable of running transactions

    Advice to Senior ManagementClean up the house to bring in strong performers and revenue generators; ensure junior team does not burn out

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