Jefferies & Company
3.2 of 5 95 reviews
www.jefferies.com New York, NY 1000 to 5000 Employees

Jefferies & Company Reviews

Updated Jul 4, 2014

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3.2 95 reviews

                             

81% Approve of the CEO

Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler

Richard B. Handler

(64 ratings)

55% of employees recommend this company to a friend
95 Employee Reviews
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Review Highlights

Pros:
  • "Solid deal flow in San Francisco"
    in 5 reviews
  • "Excellent IT to work with, good HR profile, great people to work with"
    in 4 reviews
Cons:
  • "Sell themselves as a flat organization and different than other investment banks in terms of respecting your work/life balance"
    in 8 reviews
  • "Long hours and heavy responsibilities"
    in 6 reviews
  • Show more review highlights

Reviews

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    fair, conservative, no growth

    Anonymous Employee (Former Employee)
    New York, NY

    Prosconservative, sails through tough times

    ConsB leage, too conservative, cheap

    Advice to Senior Managementmake the changes to become a major leage player

    Yes, I would recommend this company to a friend

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    Very uneven compensation in the S&T businesses

    Anonymous Employee (Former Employee)

    Pros+ Huge opportunities to advance quickly if you are good
    + Growing, improving product

    Cons+ Clubby, old boys atmosphere
    + Compensation is wildly uneven and totally opaque; doesn't often seem to be correlated with performance
    + Management doesn't communicate with employees leading to an environment of suspicion and gossip
    + Limited investment in technology hampers growth of firm

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

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    • Culture & Values
           
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    Does not value junior bankers, quickly growing company with opportunity to make impact

    Investment Banking Analyst (Former Employee)
    New York, NY

    ProsSome deal teams are lean and you get a lot of responsibility and interaction with senior bankers and clients as an analyst. More opportunities to run a deal.

    Jefferies used to provide good perks (lunch, mobile plan reimbursement, huge discount to LA Sports Club for analysts, etc.) but then they disappeared during the downturn.

    ConsDuring the downturn, they laid off junior bankers first and then made aggressive strategic senior hires.

    They claim that analyst bonuses were on par with the rest of the street, but very few actually get that top bonus relative to other banks.

    Certain IB groups have a terrible reputation. Tech (formerly Jefferies Broadview) used to do great deals, but now run by mostly political senior bankers.

    Advice to Senior ManagementJefferies has a bad reputation for its treatment of junior bankers. My analyst class had such a bad experience that many would never go back.

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    associate ibd

    Investment Banking Associate (Former Employee)
    New York Mills, NY

    Prosoverall decent people. some have a chip on shoulder bc not at a bigger bank

    Conswork on smaller deals that take up just as much time as bigger ones. zero brand name recognition if you try to move on

    Advice to Senior Managementhandler is good. treat juniors as part of the team, not as a resource to get deals done

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    Company has a serious lack of communication within members the team and between management and employees.

    Anonymous Employee (Former Employee)

    ProsThey are willing to pay well as long as you contribute. New hires are also paid very well base.

    ConsBad credit rating. One minor crisis and the company will get blown out of the water.

    Advice to Senior ManagementCommunicate better with employees. Be more specific in presenting goals your group should achieve.

    No, I would not recommend this company to a friend

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    Poor development

    Analyst (Current Employee)
    San Francisco, CA

    ProsLots of deal flow
    Lots of pitching
    Long hours
    Good place to start if this is your best choice. Top of the middle market

    ConsPoor development - mid tier is very weak, you either come in knowing all the finance / accounting or you're out of luck. Can be annoying working for seniors with unreasonable demands who have no idea how to do what they're asking you to do.

    No, I would not recommend this company to a friend

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    Fixed Income Analyst

    Fixed Income Analyst (Former Employee)
    Stamford, CT

    ProsGet to work with MDs, Get some hands on experience, smart guys working there, MBS and High Yield is awesome loved it

    ConsUnstructured internship, don't get opportunities to actually help workers, don't do that much during internship, great time, was really fun, but wanted to learn more and contribute more

    Advice to Senior ManagementOrganize internship program

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    IT Dept is low expectations, low output. A few stars carry a lot of low contributing head count. Can be bureaucratic.

    Vice President (Former Employee)
    New York, NY

    ProsPotential career growth if you are willing to fight for it. Old guard (Equities) is ripe for shakeup if you have the guts and can play politics.
    (IT) Easy to fade into the low productivity curve and exert minimal effort. International opportunities.

    ConsSometimes felt like a special education prison (IT)
    TPS reports can be a drag. A lot of hairy legacy processes.

    Advice to Senior ManagementRichard Handler is sketchy, watchout !!!

    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
           
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    Unprofessional to an incompetent degree

    Vice President (Former Employee)
    New York, NY

    ProsEasy to shine in short bursts

    Consunprofessional environment populated by friends and family rather than by the talent. Senior management unaware that a company is made up of more than just sales and trading - it actually requires capable IT and middle office as well as a thoughtful investment in infrastructure and assets that support the business process. Penny wise and often pound foolish coupled with extravagant waste thrown at the wrong people

    Advice to Senior ManagementStudy the organization

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    Review for 2011

    Equity Research Associate (Former Employee)
    New York, NY

    ProsGood pay, good people, but very intense

    Consintense, little support, not good work life balance

    Advice to Senior Managementnothing really

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

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