There are newer employer reviews for Jefferies & Company

1 person found this helpful  

Room for improvement.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Trading Vice President in New York, NY
Former Employee - Trading Vice President in New York, NY

I worked at Jefferies & Company

Pros

Jefferies is well positioned for a revovery in the financial services marketplace. Jefferies minimizes its exposure to risky business lines and proprietary trading, and is well capitalized to withstand downturns in the economy. As the market turns around, Jefferies will continue its leadership position as an independant and diversified investment bank and institutional brokerage, catering to small and mid-size firms.

Cons

Favoratism runs rampant at Jefferies. Hiring and promotions are based on who you know, not what you know. Many times, mid-level management stiffles communication because they are more interested in promoting themselves and their "cronies" rather than foster open communication, build trust and share knowledge between different groups.

Advice to ManagementAdvice

Senior management needs to implement 180/360 degree feedback. This way, management will realize which managers are being productive by addressing real business issues, and which are just playing politics.

Doesn't Recommend
Approves of CEO

113 Other Employee Reviews for Jefferies & Company (View Most Recent)

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  1.  

    Jefferies Group, no babysitting.

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

    I worked at Jefferies & Company

    Pros

    The culture breeds success through competition, provided the markets are cooperating of course. There is no stifling bureaucracy or 25 layers of middle management. The focus is on the bottom line, so you can focus on doing the best possible job without the typical corporate BS. If you do not want to be part of large, impersonal organization with bumbling management, its a great place to work.

    Cons

    You will not enjoy the "perks" of a typical corporate job, no gyms, very little training. If you are someone who needs a lifeline or a clear path to follow, instead of making your own path, then you may end up aimless.

    Advice to ManagementAdvice

    Set up systems allow your employees to move around within the firm. I felt it was easier to look outside the company for a new type of role than it was to look within the company - I ended up going to a company that is a competitor in an area that Jefferies is trying grow in.

    Recommends
    Approves of CEO
  2.  

    Good place for Seniors not for Juniors

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    I worked at Jefferies & Company full-time (more than 3 years)

    Pros

    Company has a good reputation. Worked with many go getters and intelligent people in a relatively good environment.

    Cons

    Management happy to keep qualified juniors in roles with little responsibility. As a result juniors receive little to no training or guidance. I don't like commenting specifically but workflow certainly wasn't increasing in the business division i was in while i was there, this was inline with many other investment banks. In my opinion opportunities in these institutions are becoming smaller and smaller. Probably not as good a career path as it once was.

    Advice to ManagementAdvice

    Firm won't have a long term future unless you invest in young potential.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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