Jefferies & Company Reviews

Updated August 27, 2014
Updated August 27, 2014
102 Reviews

3.1
102 Reviews
Rating Trends

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Approve of CEO
Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
68 Ratings

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 5 reviews)


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

  • Long hours and heavy responsibilities (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Worst Bureaucracy ever...with little movement (Operations)

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

    I have been working at Jefferies & Company as a contractor for more than a year

    Pros

    Free cereal and coffee. Nice building lol

    Cons

    Operations division is the worst

    Advice to ManagementAdvice

    Do some research before hiring your PM's for compliance projects

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Best mid-market bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst, Investment Banking  in  London, England (UK)
    Current Employee - Analyst, Investment Banking in London, England (UK)

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

    Pros

    Work-life balance, culture, career growth opportunities

    Cons

    Not well known in the market, few exit options

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Unstructured

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

    I worked at Jefferies & Company as an intern for 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
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  5.  

    Grueling yet rewarding.

    • 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 for less than a year

    Pros

    Teamwork and learning, they pay you and train you to the fullest extent which is very hard to find. The exposure to deals is limitless as well.

    Cons

    No cons unless you can't handle the hours.

    Advice to ManagementAdvice

    N/a

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Pleasant Place to work

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

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

    Pros

    Good interaction with people that you work with. Pleasant atmosphere to work at. Hours are flexible. Dress code is casual.

    Cons

    Internal mobility is rare. You are asked to do a job and that job may not change a lot.

    Advice to ManagementAdvice

    sell to a Canadian bank.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Talking a Big Game

    • 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

    Management's current mindset on expansion could present opportunities for financial services professionals looking to shift their current roles to a different company.

    Cons

    Continually heard from management how Jefferies was "special" and had a "uniquely different approach" to financial services compared to the traditional bulge bracket firms. In truth, it has all the pitfalls of larger rivals (uninspired thinking and leadership, internal politics) without the benefit of their expansive institutional scale and resources.

    Advice to ManagementAdvice

    There's nothing wrong with aspiring to grow your business and expand your market imprint. It's a commendable aim, and when implemented correctly with true vision and out-of-the-box thinking, there is the possibility for it to be a real drawing card for quality talent.
    Unfortunately, Jefferies has adopted an uninspired approach in attempting to gain grown on its competitors. Poaching new employees through lateral moves from rival firms and adhering to the traditional Wall St. "groupthink" that helped cause the 2008 crisis will accomplish little in a contracting industry where all participants are fighting for diminished profit margins.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Good experience

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

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

    Pros

    Jefferies investment banking division is an up and comer in the industry. As an analyst, it's a great place to get solid experience.

    Cons

    Work life balance is slightly worse than at other major banks for similar compensation. Don't expect to stand up from your desk without forwarding your phone.

    Advice to ManagementAdvice

    Implement group activities to help boost culture, i.e. team retreats, etc...

    Recommends
    Positive Outlook
    Approves of CEO
  9. 2 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 for 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
  10.  

    Great envirenment with self driven individuals and great leadership.

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

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

    Pros

    Great work culture and excellent benefits and programs for employees and their families. Opportunities to grow in house and vertical mobility.

    Cons

    Financial Services Industry is going through a lot of stress with the excessive amount of regulations. Pressure to perform is high and turn around times are long.

    Advice to ManagementAdvice

    Increase entreprenaurship culture. Continue to increase focus on technology grow and simplification of processes. Try to foment cross sale between Investment banking and other areas.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 4 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 for 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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