Jefferies & Company

www.jefferies.com
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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.  

    Great learning experience in oil and gas and finance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Banking Analyst in Houston, TX
    Current Employee - Investment Banking Analyst in Houston, TX

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

    Pros

    Experience, deal flow, knowledge of senior staff, very smart colleagues, analyst relationships, compensation, opportunity to learn technical aspects of energy finance, exposure to senior level clients

    Cons

    Long hours, lack of work/life balance, aloofness of senior management, people are not supportive of junior people seeking other opportunities, company benefits not great, unplugged group leaders

    Advice to ManagementAdvice

    Pay more attention to junior staff, follow firm's Saturday policy, more organized staffing policies, vacations should be honored, senior management could be more approachable, less internal politics

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Worked in IB, obviously long hours but a lot of responsibility

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

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

    Pros

    Smaller teams, so one got a large amount of responsibility. Went to meetings all of the time. Worked in the Tech group on M&A, debt and IPOs. Worked across the tech sector.

    Cons

    Extremely long hours - normal banking complaint. Associates / VPs did little - normal banking complaint.

    Advice to ManagementAdvice

    If you call it a team, someone other than the Analyst should be doing actual excel / ppt work sometimes. Iterating 25x is not a necessity.

    Recommends
    Neutral Outlook
  3.  

    Jefferies & Co.

    Former Employee - Associate in Jersey City, NJ
    Former Employee - Associate in Jersey City, NJ

    I worked at Jefferies & Company

    Pros

    Great work/life balance and well as very friendly staff

    Cons

    Tough to advance within the firm

    Advice to ManagementAdvice

    More training

    Recommends
    No opinion of CEO
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  5.  

    Awesome place to learn and work with extremely smart people.

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

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

    Pros

    The team is extremely sharp. They don't waste time chasing useless deals. They will help you learn as an associate. There is a path to grow and get promoted.

    Cons

    Feedback could be given to employees more quickly. A bit slow to adopt technology, but they were still one of the tech savvy investors on the street.

    Advice to ManagementAdvice

    Thanks for helping me grow.

    Recommends
    Positive Outlook
  6.  

    revolving door

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

    I worked at Jefferies & Company

    Pros

    Used to be a good name to get on your resume

    Cons

    It is a revolving door there. No employer or employee loyalty anymore.

    Advice to ManagementAdvice

    Enough with the "You're lucky to have a job" attitude.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Good to place to work if you're hungry

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

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

    Pros

    1) Can be a junior person and, if you prove you can handle it, can run transactions from start to finish.

    2) Jefferies is about hustle, people work very hard, and crave competing and winning (a theme that has been and continues to be noticed across Wall Street).

    3) CEO is a very passionate guy and attends a ton of I-banking pitches with clients.... many firms claim "senior level support" to clients and transactions, but its a known fact that a CEO of a trillion dollar bank with massive businesses across the world can't possibly stand by that kind of a commitment; Jefferies CEO and #2's ability to stand behind clients with their time, energy, and deal-making skill is a real advantage for Jefferies.

    4) With a large capital base supporting the growing I-bank, it is now safe(r) from the market sensitive risks that hurt the company following a somewhat baseless and poorly thought-out research report a few years back.

    5) Not a bank holding company... this is a big marketing point for Jefferies, but it is nonetheless an advantage. Regulatory bodies across the world are restricting the type of business banks can participate in (i.e., high yield debt). Bank holding companies are being forced by their credit committees to turn down good clients that are levered up above regulatory standards. Jefferies is picking up this business.

    Cons

    1) As mentioned in the Pros column, bankers work hard. It is not for everybody. Good junior bankers here tend to be very efficient (or quickly learn to be) and commit a great deal of time and bandwidth to the job. Not necessarily a con depending on the person, but it is certainly a reality for some

    2) As a more efficient firm (not speaking to comp) sometimes the resources larger BHC firms enjoy are not available to junior bankers at Jefferies. We get more than we need to do our job, but occasionally you notice a shortfall (i.e., no access to certain research reports). Again, not really a big con, but costs on non-comp items are managed closely.

    Recommends
    Positive Outlook
  8.  

    Smaller scale than the big banks with the pros and cons of being smaller

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

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

    Pros

    Entrepreneurial, good CEO, flexible management, less bureaucracy compared to the big banks

    Cons

    flows depend mostly on broking

    Recommends
    Positive Outlook
  9.  

    Good place to start an investment banking career

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

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

    Pros

    Exposure to senior bankers, solid deal flow and ability to interface with clients at a junior level

    Cons

    Hours and compensation are not the best, but still competitive with market

    Recommends
    Positive Outlook
  10.  

    Solid and Stable

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

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

    Pros

    Good community and quality of life. Growth potential.

    Cons

    Tight lid on comp and tend to underpay once on board.

    Recommends
    Neutral Outlook
  11.  

    Equity Derivatives Trading

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

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

    Pros

    Small desk so, big exposure to new things. Decent autonomy and freedom of applying strategies. Exposure to large universe of underlying. Great middle office. Fast mgmt decisioning.

    Cons

    Fewer client flow respect to larger shops. Longer IT developing timing. Small balance sheet. Fewer products to trade and propose to clients. Sales were not free to do their job basically.

    Advice to ManagementAdvice

    Hear more derivatives experts and professionals.

    Recommends
    Negative Outlook

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