Jefferies & Company Interview Questions & Reviews
Updated May 26, 2012 – Interview questions and reviews posted anonymously by interview candidates.
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Difficulty Rating [?] Based on 17 ratings |
Interview Experience [?] Based on 17 ratings
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Investment Banking Intern at Jefferies & Company
Posted May 26, 2012
3.0
Average Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Mar 2012 (took 5 days)
Series of phone interviews with mainly technical questions (valuation methods, 3 financial statement walk through, etc.)
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a Phone Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Summer Analyst at Jefferies & Company
Posted Apr 2, 2012
3.0
Average Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Feb 2012 in New York, NY (took a day)
great interviewers, really down to earth
Interview Questions
Negotiation Details
offer letter and signed
Other Details
The interview consisted of a 1:1 Interview.
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Helpful Interview?
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Summer Analyst at Jefferies & Company
Posted Feb 20, 2012 — 1 of 1 people found this helpful
4.0
Difficult Interview
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Overall Neutral Experience
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Interviewed and No Offer
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Interviewed Jan 2012 in Waltham, MA (took 1+ week)
The first round was a phone interview with a VP who's an alum from my school. It was standard, with questions like walk me through your resume, why banking, why Jefferies. The technical questions were pretty easy. I left a highly positive impression and got through to the second round, which was another phone interview with an associate. This one was short, I did pretty well on the regular fit questions but choked a bit on the technical question. Heard back 10 days later that I did not get past it because my technical background "was not as solid as some of my peers."
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a Phone Interview and a 1:1 Interview.
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Helpful Interview?
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Investment Banking Analyst at Jefferies & Company
Posted Dec 19, 2011
4.0
Difficult Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Oct 2011 (took 2 days)
Went through on-campus recruiting at a target school. I applied here with some previous experience in finance and investment banking, so that may have been a plus. About half of the interview required basic knowledge of investment banking and its job functions. The other half was very technical, ranging from accounting to basic valuation.
Interview Questions
Other Details
The interview consisted of a Group/Panel Interview.
More Jefferies & Company Investment Banking Analyst Interviews
Helpful Interview?
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Investment Banking Analyst at Jefferies & Company
Posted Dec 11, 2011
4.0
Difficult Interview
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Overall Neutral Experience
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Interviewed and No Offer
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Interviewed Mar 2011 (took a day)
It was relatively easy to set up a phone interview through e-mail. I am from a liberal arts college and based on past interview experiences at competing firms, they tend to be less technical and more about coursework. However, don't let that fool you, and continue to read career advice books. There's one by Wall Street Oasis on finance interviews. Preparation is key!
Interview Questions
What if the tractor was bought by issuing debt or equity
Other Details
The interview consisted of a Phone Interview.
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Research Assistant at Jefferies & Company
Posted Oct 5, 2011
4.0
Difficult Interview
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Overall Negative Experience
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Interviewed and No Offer
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Interviewed Jul 2011 in Hong Kong (Hong Kong) (took 4+ weeks)
7/7/2011 Submitted an application for the Research Assistant position, and get a call back within an hour from a secretary. We schedule the interview for the next day
7/8/2011 Interview with the Senior VP goes well. He started off with some behavioral questions which went really well. He then asks me skill-based questions about the free cash flows and other valuation methods. I answer both questions correctly in detail, and feel like I left a positive impression. He tells me that he wants to put me through the next round.
7/11/2012 The secretary calls me to schedule a phone interview with a managing director.
7/12/2012 Interview with the managing director was supposed to start at 9am. I don't get a call from her in the first hour. I wait another hour but still don't get a call from her so I call the secretary, to let her know of the situation, and to ask whether the MD is aware of the interview. The secretary tells me the MD is aware, and sends MD an e-mail to check her whereabouts. I wait for another four hours, but slowly starting to come to a realization that I may not get the call the at all. I call the secretary again to check whether she received any reply from the MD, and she tells me no. After eight hours of sitting at my desk and blindly waiting for a phone interview, from someone who cannot be reached, I convince myself that this maybe the nature of the business, something I should get used to if I want to keep pursuing this career. But I also think to myself, “How can a person be so busy that she couldn’t take one minute of her time to let me know that she can’t make the appointment?”
7/22/2010 Ten days later, the secretary calls me to re-schedule the interview with the MD for 7/26/2010.
7/26/2010 I go into the office for the interview, get settled in, looking at the ticking clock to find myself sitting and waiting again. 30 minutes later, the MD struts into the meeting room. I finally get to meet this person who is well known for her accomplishments. Given her stature, I’m expecting some professionalism out of her so I think to myself that she may show me some regrets for blowing me off two weeks ago, maybe even for walking in 30 minutes late. To no avail, she does not apologize, nor even mention anything about the missed appointment. We go straight into the interview. After we spend the first 5 minutes on some behavioral questions, the MD goes straight for the skill questions. For the first question, she asks, “run through the cash flow statement." I tell her about the nature of cash flows, and how the income statement is comprised of both non-cash and cash items, whereas the cash flow statement only includes the cash items. Then I explain to her that there are three parts to the cash flow statement- CFO, CFI, CFF. She stops me right there, and asks me to explain the CFO. I tell her exactly how to get to CFO- CFO = NI + Non-cash charges + gains/loss +/– changes in working capital. She gives me a confused look. She then goes on to ask me “analyze the airlines industry?” As a person applying for an entry-level Research Assistant position, having no prior experience in the airline industry, let alone in equity research, I feel like she has just thrown the kitchen sink at me. I'm thinking to myself, "did she even read my resume?" I don’t know where to start from, and start to blindly throw darts around the question. I tell her about how oil prices could be an underlying driver of the profitability and demand. She tries to refute my response. We argue back and forth; and the discussion starts to become pointless. She tells me that I should have used the Porter’s Five Forces to make that analysis. I tell her that I am aware of the term and its principles but never had any experience to understand its usage. She tells me not to make any excuses. After a few minutes of useless exchange, we say bye to each other, and as I’m packing my stuff, the MD storms out of the room, out of the sight. She does not express any remorse for the missed appointment, nor show any courtesy to walk me out the door. We are all different, but all of us deserve at least some extent of respect, whether you are the star Director of Equity Research or the candidate who failed to get the job. Throughout this interview process, the MD clearly gave me the impression that I was not worthy of her time. She doesn't understand that value of time is equally precious to everyone. If she thinks that 30 minutes of her time with me was a waste, how does she think I feel about an entire month I spent for this interview process? I bet that she won’t treat her clients the same way she did to me.
Interview Questions
Other Details
I applied In-Person and the interview consisted of a Phone Interview, a 1:1 Interview and a Skills Test.
Helpful Interview?
Yes |
No
Inappropriate?
Investment Banking Analyst at Jefferies & Company
Posted Oct 3, 2011
4.0
Difficult Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Sep 2011 in San Francisco, CA (took 2 weeks)
I got a foot in with the interview process because of previous employer knew a managing director at Jefferies. I first went in for an informational interview with that MD and left really wanting to work at Jefferies. In OCR interviews, I was interviewed by someone I had met at the info session, so I was a bit relieved. That relief turned into anxiety as this person (one out of two) started with rapid fire in-depth technical questions. As for fit, there was the usual tell me about yourself, walk me through your resume, and why this firm.
Interview Questions
Other Details
I got the interview through an Employee Referral and the interview consisted of a Group/Panel Interview, a Skills Test and a Personality Test.
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Helpful Interview?
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Summer Internship - Fixed Income Sales & Trading at Jefferies & Company
Posted Sep 28, 2011
3.0
Average Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Apr 2011 in New York, NY (took a day)
standard behavioral interview----
questions about interest and market awareness----be able to talk about the markets in-depth
as well as relevant current events....
more importantly, I describe the internship
just for everyone's reference in the future ---probably should try to stay away from jefferies for summer internships---at least for trading
in fixed income they told us they would be hiring 70 to 80% of the analysts for the program----then even on the last day of the internship they told us they would hire 6 or 7 of the 10 interns----
to make matters worse, not only did they take an extra 3 weeks then they were supposed to to give offer decisions----but they only hired 2 people----
furthermore, the program is extremely unstructured---theres no formal training---and the whole mentality among people there has nothing to do with giving an intern a positions---there's no mentorship program---the EM desk literally told us from the start that they only hire people with experience---the advice is to stay away coming from someone that had offers at multiple BB programs and ended up obv. not getting an offer....
ranting because i just saw a video on their new careers site with their head of FI saying how they are now focusing on building internally via hiring junior people----when that is a bunch of crap (at least for fixed income)
extremely unprofessional HR treatment
Interview Questions
Other Details
I got the interview through an Employee Referral and the interview consisted of a Phone Interview and a 1:1 Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Investment Banking Analyst at Jefferies & Company
Posted Sep 6, 2011
3.0
Average Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Jul 2011 in New York, NY (took 6 weeks)
2 Rounds
Rd. 1 with Global Head, VP, and Assoc.
Rd. 2 MD
High level questions with expected technicals. No brain teasers.
Interview Questions
Negotiation Details
N/A
More Jefferies & Company Investment Banking Analyst Interviews
Helpful Interview?
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Research Analyst at Jefferies & Company
Posted Mar 23, 2011 — 1 of 1 people found this helpful
4.0
Difficult Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Jan 2011 (took 4+ weeks)
A lot of things that were promised and stated were actually not the case. The hiring process was extremely clumsy with mistakes in offer letters and the agreed upon conditions. There did not seem to be any HR control.
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a Phone Interview, a 1:1 Interview, a Presentation, a Drug Test and a Background Check.
Helpful Interview?
Yes |
No
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