Piper Jaffray Reviews

Updated August 15, 2015
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Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
11 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

23 Employee Reviews

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  1. Not bad, but not ideal for recent grads unless you're a banker

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in Minneapolis, MN
    Former Intern - Intern in Minneapolis, MN
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Piper Jaffray as an intern (Less than a year)

    Pros

    The location is right in the heart of downtown Minneapolis which is fun. My department did team building activities and people regularly brought in food.

    Cons

    The work can be monotonous and boring. As a intern I received minimal direction and got the feeling that my supervisor was too busy or didn't care enough to teach me the basics. You won't really work with other recent college grads unless you're an investment banker.

    Advice to Management

    Have more structure around internships. Don't just put effort into the summer program. You have talent that would consider staying after graduating, but you have to make them want to stay.


  2. 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


  3. Managing Director

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


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  5. 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
    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


  6. 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
    Neutral Outlook
    No opinion of CEO

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

    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.


  7. Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good people, pleasant work environment

    Cons

    Lower pay than comparable NYC jobs


  8. Typical MidWestern middle market investment bank-down to earth, humble people who are also smart

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Institutional Sales- Fixed Income in Minneapolis, MN
    Former Employee - Institutional Sales- Fixed Income in Minneapolis, MN
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Very motivated smart people working out of their headquarters in Minneapolis. Generally supportive atmosphere. Work hard, play hard mentality. Great place to learn.

    Cons

    Midwestern focused. Management is all out of Minneapolis, so if you work at a satellite office a lot of travel to and from Minneapolis. Also because most of the bank is run out of Minneapolis satellite offices often feel disconnected from the main headquarters and management is often disconnected from what is actually taking place at the local level.

    Advice to Management

    Spend more facetime with your local offices and get them connected to HQ.


  9. Helpful (1)

    Piper is penny wise and pound foolish

    • 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
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    There were definitely some smart people that I had the pleasure of working with, good benefits.

    Cons

    Piper doesn't pay -- they hire losers that can't get jobs at other banks and end up firing them soon after because they aren't a good fit. Those that are smart and competent end up leaving because the bonuses are terrible and they don't get raises.

    Advice to Management

    Invest a bit more money in hiring winners.


  10. Not great but not bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Piper Jaffray full-time (More than a year)

    Pros

    - Some smart people - Decent culture, not overly intense - Midwestern attitude which has its pros and cons

    Cons

    - Hiring from outside approach - Being a middle market bank is a tough business - Leadership is so-so

    Advice to Management

    Promote from within, maintain relationships with employees who move on


  11. Right Place, Wrong Time (crisis)

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

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

    Pros

    Camaraderie, in Minneapolis access to leadership, had plenty of Wall Street but also a little Main Street vibe too. Not overly pretentious. P

    Cons

    Not just old boys club, but worse. Saw caddies get hired for important sales/trading jobs.

    Advice to Management

    Try to foster internal growth.



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