Piper Jaffray Reviews

Updated June 30, 2015
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3.3
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Recommend to a friend
Approve of CEO
Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
37 Ratings

Pros
  • Flexible work schedule, nice people, meaningful projects (in 5 reviews)

  • Given lots of responsibility and exposure to C-level executives early in your career (in 3 reviews)

Cons
  • Disconnected from the core group in Minneapolis (in 4 reviews)

More Pros and Cons

66 Employee Reviews

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  1. Human Capital Intern

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Piper Jaffray

    Pros

    Small firm, easier to get to know everyone

    Cons

    Disconnected from offices outside of minneapolis


  2. Poor management

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

    I have been working at Piper Jaffray full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Worst firm of the four that I've worked with. On the bright side, there are some great employees who are "stuck" at Piper.

    Cons

    Keep looking, management is very poor. Practically zero benefits with this firm. They do offer magical Healthcare package but at this point that's required. I would never recommend this firm.

    Advice to Management

    Starving sales staff out until they resign is poor management.


  3. Research Analyst

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

    I worked at Piper Jaffray full-time (More than 5 years)

    Pros

    Nice people. Good reputation for research. Smaller company so you get to know everyone. Good learning.

    Cons

    HQed in Minneapolis so sometimes conservative for the people in NYC and SF and other big coastal cities. Pay is ok. Not as good as bulge.

    Advice to Management

    be more open minded to the new ideas and new markets... Everything is global now. It's not just about what's happening in the U.S.


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  5. Analyst

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

    I worked at Piper Jaffray

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

    Pros

    Lots of responsibilities
    Great deal flow
    M&A deal flow

    Cons

    Little interaction with management
    Lots of overtime


  6. Former associate

    Former Employee - Investment Banking Associate in Philadelphia, PA
    Former Employee - Investment Banking Associate in Philadelphia, PA

    I worked at Piper Jaffray (More than a year)

    Pros

    Less bureaucratic than other firms
    Accessible senior level management compared to bulge brackets

    Cons

    Pay is not there with other firms
    Very decentralized in many respects and not very established in New York and major financial services hubs


  7. Managing Director

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

    I have been working at Piper Jaffray

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Human Capital Business with a strong employee friendly culture

    Cons

    A company that seems to be shrinking or heavly influenced by changes within the industry that give significant advantages to economies of scale

    Advice to Management

    Focus on higher margin businesses and don't get caught up with the notion that you must have all the product offering of a wall street firm. Relationships matter.


  8. Helpful (2)

    It Ain't Piper's Fault, It's Just Business

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

    I worked at Piper Jaffray full-time (More than 3 years)

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

    Pros

    Friendly colleagues with decent tools including relatively up-to-date hardware and premium software tools. Competitive entry and mid-level salaries. You can make what you want out of your role.

    Cons

    Cons aren't Piper's fault, it's the business. I'm not going to list the cons of Wall Street here. I've read and heard people say "Minnesotta Nice, Minnesotta Ice." And there's truth there. I've seen more than a handfull of people get screwed and I've watched juniors get strung out to dry like a pair of cheap undies. But welcome to finance...half of those folks deserved it. I do think the gripes you will have here will largely be the same as the issues you'll have at other banks, both big and small. So maybe some introspective soul-searching is in order for the folks who are super negative on this firm.

    Advice to Management

    I think mgmt is better than most banks.


  9. Helpful (1)

    Solid Learning Experience, Wouldn't Work there full-time

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Piper Jaffray Investment Banking Analyst in Minneapolis, MN
    Former Employee - Piper Jaffray Investment Banking Analyst in Minneapolis, MN

    I worked at Piper Jaffray

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

    Pros

    Good people, great work-life balance, small firm

    Cons

    Cheap company, poor pay, bad industry rep in certain sectors

    Advice to Management

    Compensate better


  10. Ideal Environment for any Executive Assistant

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

    I have been working at Piper Jaffray full-time (More than a year)

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

    Pros

    Nurturing, friendly bankers, competitive pay

    Cons

    Health insurance could be better, benefits package could be better


  11. Good benefits, poor culture

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

    I worked at Piper Jaffray full-time (More than 3 years)

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

    Pros

    The benefits are good, and the work-life balance wasn't bad for my first job out of college. The HR department was great when I started, with interviews and onboarding, and great when I left by conducting a good exit interview.

    Cons

    The culture could be very negative, depending on your position. The marketing department was treated as a cost center and not a valuable business partner. Doing things the way they've always been done was the norm, and new ideas were not encouraged.

    Advice to Management

    There needs to be much more focus on improving the culture. Treating employees in non-finance roles like they have no value is not in your best interest.



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