Piper Jaffray

  www.piperjaffray.com
  www.piperjaffray.com

Piper Jaffray Reviews

Updated December 8, 2014
Updated December 8, 2014
62 Reviews
3.0
62 Reviews
Rating Trends

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Approve of CEO
Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
35 Ratings

Review Highlights

Pros
  • Generally good work life balance for finance (in 4 reviews)

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


Cons
  • Lack of client engagement and accountability on part of senior management (in 4 reviews)

  • Substantially lower pay compared to street - even compared to middle market (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

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

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

    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 ManagementAdvice

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

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2.  

    Company with morals

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

    I have been working at Piper Jaffray full-time (more than 8 years)

    Pros

    Supportive environment, great co-workers, competitive salary, generous benefits package.

    Cons

    Upward mobility stagnant for my position.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Pretty good culture, lots of hard work, a little conservative

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

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

    Pros

    Lots of junior-level responsibility, seems like good opportunities to move around within the organization. Healthcare group has a great reputation

    Cons

    Less M&A focused, more equity deals

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Piper is penny wise and pound foolish

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

    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 ManagementAdvice

    Invest a bit more money in hiring winners.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    No communication from management, very disorganized structure.

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

    I worked at Piper Jaffray

    Pros

    Nice employees to work with. Good opportunity to make a lot of money.

    Cons

    No clear vision for future. Rapid hiring with no direction for new hires.

    Advice to ManagementAdvice

    Develop. Game plan before hiring employees.

    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Unhelpful Internship

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

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

    Pros

    - Regular meal and cab expenses

    Cons

    - A lot of admin work and no financial modeling
    - Pay is not consistent with ibanking internships; it is SALARIED not hourly so expect to work long hours without the right compensation
    - Rude culture; I was rarely called by my name
    - No real staffer to give you work; hence, you end up doing bits and pieces here and there for random people without completing a project/deal from start to finish
    - No mentorship to help you grow

    Advice to ManagementAdvice

    Create an internship similar to that of other banks and you might retain some interns when you extend offers

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

    Great internship experience

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

    I worked at Piper Jaffray as an intern

    Pros

    Piper Jaffray has a very flexible and open culture, and is a great place to start your career. I generally found senior management to be very receptive of new ideas, and they treat their junior associates and interns well relative to other investment banks.

    Cons

    Many of the problems are common across the industry - long working hours, significant time spent doing work of questionable value. It really depends on the group you're in.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Not great but not bad

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

    I worked at Piper Jaffray full-time (more than an 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 ManagementAdvice

    Promote from within, maintain relationships with employees who move on

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Good first job after college

    Current Employee - Investment Banking Analyst
    Current Employee - Investment Banking Analyst

    I have been working at Piper Jaffray full-time (more than an year)

    Pros

    Smart and hard working people to work with

    Cons

    Okay reputation on the street and limited buyside recruiting opportunity

  11.  

    Right Place, Wrong Time (crisis)

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

    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 ManagementAdvice

    Try to foster internal growth.

    Recommends
    Approves of CEO

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