Piper Jaffray

  www.piperjaffray.com
  www.piperjaffray.com

Piper Jaffray Reviews

Updated September 2, 2014
Updated September 2, 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

18 Employee Reviews Back to all reviews

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  1.  

    Assistant

    • 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

    Good people, pleasant work environment

    Cons

    Lower pay than comparable NYC jobs

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

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

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

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

    Pros

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

    Cons

    Midwestern 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 ManagementAdvice

    Spend more facetime with your local offices and get them connected to HQ.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Piper is penny wise and pound foolish

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

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

    Pros

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

    Cons

    Piper 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 ManagementAdvice

    Invest a bit more money in hiring winners.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Not great but not bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • 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 full-time (more than an year)

    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 ManagementAdvice

    Promote from within, maintain relationships with employees who move on

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Right Place, Wrong Time (crisis)

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

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

    Pros

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

    Cons

    Not just old boys club, but worse. Saw caddies get hired for important sales/trading jobs.

    Advice to ManagementAdvice

    Try to foster internal growth.

    Recommends
    Approves of CEO
  7. 1 person found this helpful  

    Low Pay

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Piper Jaffray

    Pros

    Smart talented people hard working

    Cons

    Consistently pays significantly less than industry standards

  8.  

    Middle Market Sweat Shop

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

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

    Pros

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

    Cons

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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Decent middle market

    • Work/Life Balance
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Piper Jaffray full-time (less than an year)

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Compete with BBs for incoming talent and train them

  10.  

    Comfortable Environment, Good Work,

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

    I have been working at Piper Jaffray

    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 ManagementAdvice

    If 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.

    No opinion of CEO
  11. 1 person found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Banking Associate in Minneapolis, MN
    Current Employee - Investment Banking Associate in Minneapolis, MN

    I have been working at Piper Jaffray

    Pros

    The 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.

    Cons

    As 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 ManagementAdvice

    Build a team. Don't just use people for grunt work and then lay them off.

    Doesn't Recommend
    No opinion of CEO

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