Piper Jaffray

  www.piperjaffray.com
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Piper Jaffray Reviews

Updated Apr 17, 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)

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

     

    Typical MidWestern middle market investment bank-down to earth, humble people who are also smart

    Institutional Sales- Fixed Income (Former Employee) Minneapolis, MN

    ProsVery motivated smart people working out of their headquarters in Minneapolis. Generally supportive atmosphere. Work hard, play hard mentality. Great place to learn.

    ConsMidwestern focused. Management is all out of Minneapolis, so if you work at a satellite office a lot of travel to and from Minneapolis. Also because most of the bank is run out of Minneapolis satellite offices often feel disconnected from the main headquarters and management is often disconnected from what is actually taking place at the local level.

    Advice to Senior ManagementSpend more facetime with your local offices and get them connected to HQ.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Piper is penny wise and pound foolish

    Anonymous Employee (Former Employee) New York, NY

    ProsThere were definitely some smart people that I had the pleasure of working with, good benefits.

    ConsPiper doesn't pay -- they hire losers that can't get jobs at other banks and end up firing them soon after because they aren't a good fit. Those that are smart and competent end up leaving because the bonuses are terrible and they don't get raises.

    Advice to Senior ManagementInvest a bit more money in hiring winners.

    No, I would not recommend this company to a friend

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

     

    Not great but not bad

    Investment Banking Analyst (Former Employee) San Francisco, CA

    Pros- Some smart people
    - Decent culture, not overly intense
    - Midwestern attitude which has its pros and cons

    Cons- Hiring from outside approach
    - Being a middle market bank is a tough business
    - Leadership is so-so

    Advice to Senior ManagementPromote from within, maintain relationships with employees who move on

    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
    • Approves of CEO

     

    Right Place, Wrong Time (crisis)

    Anonymous Employee (Former Employee)

    ProsCamaraderie, in Minneapolis access to leadership, had plenty of Wall Street but also a little Main Street vibe too. Not overly pretentious. P

    ConsNot just old boys club, but worse. Saw caddies get hired for important sales/trading jobs.

    Advice to Senior ManagementTry to foster internal growth.

    Yes, I would recommend this company to a friend

    1 person found this helpful  

    Low Pay

    Anonymous Employee (Former Employee)

    ProsSmart talented people hard working

    ConsConsistently pays significantly less than industry standards

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

     

    Middle Market Sweat Shop

    Investment Banking Analyst (Former Employee) Minneapolis, MN

    ProsSteep learning curve, flat structure, generally nice people at the company

    ConsCompensation is not the best, your experience will highly depend on your group and your senior management, no life/work balance, perks could be better

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Career Opportunities

     

    Decent middle market

    Anonymous Employee (Current Employee) New York, NY

    ProsVery high touch, lots of access to senior management, opportunity for young people

    ConsLittle to no mobility between departments, hardly any training for young people

    Advice to Senior ManagementCompete with BBs for incoming talent and train them

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

     

    Comfortable Environment, Good Work,

    Anonymous Employee (Current Employee) San Francisco, CA

    Pros-Considers itself a family-oriented firm, which means senior execs leave much earlier
    -Competitive compensation at the junior levels
    -Work is typically well-balanced, and fairly meaningful
    -Smaller deal teams mean better exposure to transactions

    Cons-Considers itself a family-oriented firm, which means senior execs leave much earlier (guess who's left to do the work?)
    -Compensation tapers off compared to peers at more senior levels, which affects drive to bring high-quality deals to the firm
    -Some groups do much more interesting work than others; hours can vary greatly too
    -In spite of stated focus on ethical practices, petty politics very much present among upper management
    -Performance and contributions of branch offices is often overlooked
    -Corporate missions statements often feel insubstantial

    Advice to Senior ManagementIf you're going to make it a point to focus on doing M&A work, you need to recognize that that business cycle is higher risk and should be commensurately rewarded. Also, please open your eyes and learn to see past Minneapolis every now and then.

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

    1 person found this helpful  

    Piper pays well but doesn't care about its employees.

    Investment Banking Associate (Current Employee) Minneapolis, MN

    ProsThe compensation and benefits are good. If you are in the midwest it is one of the few banks that is in MN so the location is good if that is where you want to be. IF you want a resume builder for the IB experience it is a decent place to be.

    ConsAs with all investment banks right now layoffs are a huge concern Piper does not concern itself with its analysts or associates and barely concerns itself with vps and principals. I have seen layoffs at all levels. They don't give much effort to keeping even the good people. Senior management is not really concerned about mentoring and giving you tools to advance.

    Advice to Senior ManagementBuild a team. Don't just use people for grunt work and then lay them off.

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    Piper a great place to work with some reservations

    Anonymous Employee (Former Employee) Minneapolis, MN

    ProsThe benefits, facilities, office equipment and people are great. The company even has facilities
    for bicycle commuting with a card-key accessible locker/shower room. There is a nursing mothers
    room as well as a room to take a nap if you're feeling under the weather and you can then go back
    to work if you feel up to it. There are some sides that show the company cares for and supports its
    employees. The building is recently constructed, modern, well lit and in a easily accessible location.
    The work can be stimulating, interesting and there were many opportunities to learn at Piper.

    ConsThere are certain cliques that if you manage to find yourself on the outside of your career will either
    progress slowly or stall altogether. First impressions count for a lot. There is a certain amount of stress involved in this industry as a whole that I honestly admit I saw filter down to employees - on several occasions I saw employees exiting the building on a stretcher and some of these people
    were young and in reasonable shape. Also, as layoffs occurred multiple responsibilities filtered
    down to those remaining. Company takes much notice of physical appearance - if you're trim, fit,
    dress well and can conduct yourself professionally you will do well. Competitive atmosphere may
    be too much for some.

    Advice to Senior ManagementPeople can only take so much stress before they snap no matter how healthy they are.
    Recognition is a good thing and some employees who I saw were doing exemplary
    jobs and didn't get the recognition they deserved. In the current economy it pays to
    utilize resources you may not be aware of being right under your nose - pay attention
    to your workers. Some of your best resources are under or unrecognized.

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