Piper Jaffray Reviews

Updated July 21, 2014
Updated July 21, 2014
58 Reviews

3.3
58 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
33 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
  • Poor management and work-life balance (in 3 reviews)

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

More Highlights

Employee Reviews

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  1. 1 person found this helpful  

    PJ

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

    I worked at Piper Jaffray

    Pros

    The management team are accessible.

    Cons

    clique-ish, not comfortable working environment.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Frustrating

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

    I worked at Piper Jaffray full-time for more than 5 years

    Pros

    Remarkably enduring brand
    Strong senior bankers dedicated to delivering for clients
    Good cultural feel in individual industry groups

    Cons

    Persistently and demonstrably poor and inexperienced leadership, with a bewildering sense of entitlement
    Lack of client engagement and accountability on part of senior management
    Absence of vision and passion to win at helm
    Very siloed structure with disincentives to cross industry teams and work as one firm

    Advice to ManagementAdvice

    Have vision and exert leadership rather than reciting corporate platitudes as strategy.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    I would be very surprised if this ship stays afloat for too long!

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

    I worked at Piper Jaffray full-time for more than 3 years

    Pros

    Talented individual contributors. A great place to learn without the rewards.

    Cons

    Inept management, lacks talent across the board.

    Advice to ManagementAdvice

    Stay away from playing politics. Please compare yourself to your peers. Maybe you talked yourself in to a promotion. Ask yourself if you are really qualified for the job? If not, step aside.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Decent middle market

    • Work/Life Balance
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Piper Jaffray full-time for less than a year

    Pros

    Very high touch, lots of access to senior management, opportunity for young people

    Cons

    Little to no mobility between departments, hardly any training for young people

    Advice to ManagementAdvice

    Compete with BBs for incoming talent and train them

  6. 1 person found this helpful  

    Worst Sweat Shop ever!

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

    I worked at Piper Jaffray full-time for more than 5 years

    Pros

    Exposure to C-level executives, great learning experience. You get to do all the work - learning- with everyone else is ready to take credit

    Cons

    No work life balance
    Inexperienced senior management incapable of sourcing deals that will actually close
    Dissatisfaction at every level due to compensation or nature of work resulting in everyone trying to look for an exit

    Advice to ManagementAdvice

    Needs to put a serious thought into whether the franchise will be in business in 10 years

    Doesn't Recommend
    Negative Outlook
  7.  

    Excellent place to work

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

    I worked at Piper Jaffray

    Pros

    Fun. Lots of great, smart employees.

    Cons

    Small and a little old-school.

    Recommends
    Approves of CEO
  8.  

    Overall - Great Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Administrative Assistant  in  Minneapolis, MN
    Former Employee - Administrative Assistant in Minneapolis, MN

    I worked at Piper Jaffray

    Pros

    Salary, bonuses and benefits are the biggest plus at this location...though you must work hard to earn them. Work/life balance is good too. Overall, nice people to work with.

    Cons

    Workload is overwhelming. Large producers are able to treat others with little or no respect and behave poorly as long as they produce.

    Advice to ManagementAdvice

    Check in with support staff from time to time.

    Recommends
    Approves of CEO
  9. 1 person found this helpful  

    Engaging and resourceful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Banking Analyst  in  New York, NY
    Current Employee - Investment Banking Analyst in New York, NY

    I have been working at Piper Jaffray

    Pros

    Strong senior level bankers
    Leading middle market equity/M&A shop
    Strong training program
    Small teams
    Flat structure
    Good work life balance

    Cons

    Limited exit opportunities
    Lots of pitchwork to win business
    Unsophisticated client-base
    Limited product offering
    Limited inter-office collaboration
    Limited resources

    Advice to ManagementAdvice

    Develop firm-wide culture and sense of togetherness
    Increase meal allowance and benefits for employees
    Take company private to avoid public company scrutiny and additional costs

    Approves of CEO
  10.  

    Comfortable Environment, Good Work,

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

    I have been working at Piper Jaffray

    Pros

    -Considers itself a family-oriented firm, which means senior execs leave much earlier
    -Competitive compensation at the junior levels
    -Work is typically well-balanced, and fairly meaningful
    -Smaller deal teams mean better exposure to transactions

    Cons

    -Considers itself a family-oriented firm, which means senior execs leave much earlier (guess who's left to do the work?)
    -Compensation tapers off compared to peers at more senior levels, which affects drive to bring high-quality deals to the firm
    -Some groups do much more interesting work than others; hours can vary greatly too
    -In spite of stated focus on ethical practices, petty politics very much present among upper management
    -Performance and contributions of branch offices is often overlooked
    -Corporate missions statements often feel insubstantial

    Advice to ManagementAdvice

    If you're going to make it a point to focus on doing M&A work, you need to recognize that that business cycle is higher risk and should be commensurately rewarded. Also, please open your eyes and learn to see past Minneapolis every now and then.

    No opinion of CEO
  11. 3 people found this helpful  

    Mismanaged firm with lack of vision or strategy amongst the leadership team other than following the bulge bracket firms

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

    I worked at Piper Jaffray

    Pros

    Stepping stone to other jobs within field.

    Cons

    Lack of communication is prevalent at all levels of this firm---from VP to MD to CEO---so the culture is still very much one of a boys' club.

    Advice to ManagementAdvice

    Communicate with your employees in an authentic manner and have a strategy other than following what larger, bulge brackets do to make money in new products/markets.

    Doesn't Recommend
    Disapproves of CEO

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