Jefferies & Company

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Jefferies & Company Reviews

Updated February 25, 2015
Updated February 25, 2015
127 Reviews
3.4
127 Reviews
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Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
78 Ratings

Review Highlights

Pros
  • Jefferies investment banking division is an up and comer in the industry (in 8 reviews)

  • Great learning environment, solid deal flow, great exit opps, great people (in 6 reviews)


Cons
  • Work life balance is slightly worse than at other major banks for similar compensation (in 9 reviews)

  • the management of the company, long hours (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Unstructured

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

    I worked at Jefferies & Company as an intern (less than a year)

    Pros

    Jefferies has a very nice culture of welcoming new members. Mid-level management is extremely competent

    Cons

    Upper management in divisions outside of Investment Banking don't seem to believe in the company, always justifying that their ways are better because they were done in Goldman. The S&T divisions are poorly structured, specially for interns that often have nothing to do for weeks.

    Advice to ManagementAdvice

    Create more (better) structured programs for new out-of-school employees and avoid trying to claim you are just like Goldman Sachs. S&T upper management supported the view that this is not a good place to work, specially out of college.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 4 people found this helpful  

    A so-called “Best Place to Work” three years in a row -- Really?

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

    I have been working at Jefferies & Company full-time (more than 3 years)

    Pros

    They like to hire people from top firms. So it is easy to negotiate for a large salary hike when you join. But don’t expect too much afterward. Working hours are decent.

    Cons

    The cash bonus clawback policy was supposed to apply to all, but some seniors get away with that, and leaving the lower level employees have to pay back when they leave. If you leave, you will have to pay back your last years bonus!

    Your direct manager reviews your emails, Bloomberg chats, and internal chat system every week.

    They like to outsource a lot of functions (not just those typical ones that are widely known). You won’t be surprised if one day they tell you that you will continue to do what you do, but no longer their employees.

    Advice to ManagementAdvice

    Stop being so hypocritical, You are not a big boy on the Street, and you will never be!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 5 people found this helpful  

    Losers

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

    I worked at Jefferies & Company full-time (more than 5 years)

    Pros

    I have no pros for this company.

    Cons

    dropped me after 5 years with no severance pay. Said i was at least going to get health insurance for another month and tried to screw me on that also.

    Advice to ManagementAdvice

    Quit thinking you are goldman sachs, you're not.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 3 people found this helpful  

    Not crazy about the culture

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

    I have been working at Jefferies & Company full-time (more than a year)

    Pros

    Somewhat entrepreneurial but wasn't always clear credit was given appropriately.

    Cons

    No one cares if people are treated poorly by their manager.

    Advice to ManagementAdvice

    If management likes the culture, then that's their choice. Not sure if it merits advice.

    Doesn't Recommend
    Disapproves of CEO
  6. 2 people found this helpful  

    Left in the garbage

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

    I worked at Jefferies & Company full-time (more than 10 years)

    Pros

    There are not many Pro's to talk about, the only thing that comes to mind was having longevity, however all that has changed now. The benefits where fairly good compared to other companies.

    Cons

    Treated like a second class citizen, support staff is an afterthought, the only thing that drives this company is their producers. Staff is treated like an expense that no one wants to on their budget sheet. Leaving no opportunity for growth and little opportunity to enjoy working around fellow employees.

    Advice to ManagementAdvice

    Learn to manage people not your wallet, the idea of putting the biggest earner in the management position does not make for a good manager, it makes for someone who still only cares about his bottom end. Most management would rather ignore problems than deal with them because it takes them away from their earnings. The biggest fault is there is little to no communication between management of other groups which leads to a lot of miss-communication, rumors, segregation of departments.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Worse company I ever worked for

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

    I worked at Jefferies & Company full-time (more than a year)

    Pros

    Pay was the most competitive I ever had, gave a great sense of global perspective.

    Cons

    Horrible work/life balance, disrespectful co-workers who made the most gross generalizations and racially insensitive remarks ever. Boss was endorsed and promoted for being a small minded jerk who even dipped chewing tobacco right in the middle of the office. Constantly made fun of people with disabilities and try to do nothing but cover up their awful behavior.

    Advice to ManagementAdvice

    Fire everyone who clearly demonstrates such poor behavior.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    Tough hours and work environment

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

    I worked at Jefferies & Company full-time (more than a year)

    Pros

    Pays well for someone right out of undergrad

    Cons

    Sell themselves as a flat organization and different than other investment banks in terms of respecting your work/life balance. They are no such thing. Just as bad (and if you include the below the street pay and exit opportunities they are worse) as any investment banking gig out there

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Equity research - Glad I got out when I did

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Equity Research Associate in Boston, MA
    Former Employee - Equity Research Associate in Boston, MA

    I worked at Jefferies & Company full-time (more than a year)

    Pros

    -Serves as a good "boot camp" for people new to sell side
    -You will appreciate all future jobs much more
    -You learn the "red flags" of a work environment
    -Decent resume-builder

    Cons

    -Unending hours, not great pay under senior level
    -Absolutely no regard whatsoever for employees as human beings. Actually not exaggerating.
    -Zero, and I mean zero, HR supervision. Picture 1960's.
    -All the negatives of unvestment banking lifestyle but not the pay

    Advice to ManagementAdvice

    Care a little more about the people who are helping you make your money, even if it's just a "cost of doing business" like research. Or don't , but be honest about it.

    Doesn't Recommend
    No opinion of CEO
  10. 1 person found this helpful  

    A strategy that will backfire

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

    I have been working at Jefferies & Company

    Pros

    A lot of enthusiastic people - and a lot of them quite young.
    They are building things for the future and so there is quite some activity.

    Cons

    But then you realize that the old boy network and mentality is still present. In this day and age is mistifying that this can still take place. I mean look how inefficient you can be and how many mistakes will be made by hiring people who have no knowledge of the business you are trying to build. Just because they are your buddies ? For gods sake there is one PM who was a HR person before now responsible your next trading platform... really ?

    Advice to ManagementAdvice

    No advice really - other than stop beeing so arrogant. You really do not know what you are talking about.

    Doesn't Recommend
    Approves of CEO
  11. 1 person found this helpful  

    Just can't grow or be recognized

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

    I worked at Jefferies & Company

    Pros

    Invests in the latest trends and technologies, so are able to work on leading cutting edge platforms and systems there.

    Cons

    No matter how hard you work, the credit goes to someone above you who did nothing to assist you with success.

    Advice to ManagementAdvice

    Recognize the people down the chain. Not just financially but for their work and effort. Make them want to work harder for you.

    Doesn't Recommend
    Disapproves of CEO

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