Jefferies & Company Reviews

Updated April 17, 2015
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Employee Reviews

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  1. Helpful (2)

    Smart people in the weeds

    • 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 8 years)

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    This company has really smart people all over the place. The atmosphere is generally nice, and the company is very ethical. Compensation is slightly below fair, but is made up for by a good working culture. The firm's reputation is great.

    Cons

    Non-managers have careers that stagnate largely due to politics. Managers have no incentive to promote and nurture great talent, and thus they focus only on making sure those above them hear what they want to hear. They can't promote as it would compromise their very own roles.

    The CEO and chairman have a different mindset, however their mentality doesn't always trickle down.

    Advice to Management

    There is a world beyond management. The real people who are doing work are oven overlooked. Look at all those people who are VP and below and focus on them as much as you do all those at SVP and above.

  2. Good middle market IB firm

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

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

    Positive Outlook
    No opinion of CEO
    Positive Outlook
    No opinion of CEO

    Pros

    As professional service mid-sized firms go it's not a bad place to work. You get more out of it if you are in the core competency - a banker. If you directly report to nice people then it is tolerable.

    Cons

    Not much in the way of professional growth or development or opportunities for promotion unless you are a banker. Low pay for non-banker personnel. As with most firms, senior management hasn't a clue as to what is going in their own firm. If temping, they take a long time to bring you on board...it does depend on department. Some have more clout with senior management than others.

    Advice to Management

    Treat all the workers the same, give them all advancement opportunities so they want to stay. Create work-life balance policies and implement them.

  3. Good place if you could find your niche

    • 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 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Little bureaucracy, fast decision making, available opportunities

    Cons

    Cost orientation undercutting serious thoughts about future opportunities, running too much stuff on skeleton set-up

    Advice to Management

    Thing deep, invest more into future

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  5. IB Analyst Program

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Dynamic and growing company that is much more flexible and agile than larger banking firms.

    Cons

    No negatives except for complaints about IB broadly: not a great work life balance, work is not particularly rewarding or technically challenging.

  6. Helpful (2)

    No culture

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

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

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

    Pros

    If you produce they pay well. But that has changed with clawbacks so it's very similar to the bulge bracket firms.

    Cons

    Zero culture. When you take people from deceased firms - Bear, Leh, Mer, GCM - and throw them into an eat what you kill pool and no management from the top you get a toxic stew. People trying to steal accounts, not answering/backing up when off the desk. The one benefit was the monthly hard dollar payouts. That's now gone and clawbacks are in place so other than a place to park your feet there are better places out there.

    Advice to Management

    Look past the next ticket to build some teamwork and cohesion.

  7. First class place to work.

    • 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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Exposure to senior staff and chance to see real deal transactions.

    Cons

    Very long hours ... but this is I-banking life right.

    Advice to Management

    Keep up the good work. I had great managers.

  8. Helpful (1)

    FX Trading situation is HORRIBLE!

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

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

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

    Pros

    High pay scale for new employees. Not the biggest attraction for talent so they have to pay-up.

    Cons

    If you do get a job there, you will not be having it for too long. Desk does very poorly.

  9. Great Company to work for

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Jefferies & Company

    Pros

    Great work environment with even better people

    Cons

    Cant think of any at this time

    Advice to Management

    Cant think of any at this time

  10. Interview

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Jefferies & Company

    Pros

    It's relaxing interview. I was asked some questions about finance, like swap yield curve, options and futures. And I did some questions about what I did in my academic courses, what my contribution was in the project.

    Cons

    I think they hired the highest qualified people. People as a employee at Jefferies will have lots of knowledge about the financial markets. Your responsibility ranges from the beginning to the end.

  11. Helpful (2)

    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)

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

    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 Management

    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.

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