Jefferies Reviews | Glassdoor

Jefferies Reviews

Updated February 8, 2017
28 reviews

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Jefferies Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
16 Ratings

28 Employee Reviews

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Pros
  • Great people to work with in certain pockets of the firm (in 13 reviews)

  • Dynamic, aggressive company with an appetite to become a far bigger player in the investment banking world than they currently are (in 12 reviews)

Cons
  • work/life balance varies from tolerable to non-existent (in 17 reviews)

  • Hours can be really brutal, it is a sweatshop to a degree but then again it is investment banking (long hours are to be expected) (in 19 reviews)

More Pros and Cons

  1. Helpful (4)

    "Worst place I have ever worked"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good location - midtown Manhattan

    Cons

    Usually you'd think a trading unit would reward people based on performance, however that's not the case there. Firing the hardest working people without notice, fine. But paying 1-mon not even compensating for unused vacation is too low.

    Advice to Management

    None since management never listens to employees.


  2. Helpful (1)

    "SVP"

    Star Star Star Star Star
    • 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
    Negative Outlook
    Disapproves of CEO

    Pros

    Some decent co workers, but beware

    Cons

    Back stabbing and micro managed by the boys club

    Advice to Management

    Take a look at your MD... Fox is in the pen


  3. "Not your typical investment bank"

    Star Star Star Star Star
    • 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
    No opinion of CEO

    I worked at Jefferies full-time (Less than a year)

    Pros

    midtown location. mid size investment bank.

    Cons

    I wasn't impressed with the culture of the back office. poor management. old boys network.

    Advice to Management

    Please don't hire anyone that doesn't fit in your culture


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  5. "Avoid IB IT at all costs"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Developer in New York, NY
    Former Employee - Developer in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Jefferies full-time

    Pros

    I guess already having worked there, the only pro I see is *just knowing* to what extent another human being (IB IT mgmt) will go to make you feel awful so the older guy can keep his job.

    Cons

    IB IT mgmt are sharks and they'll eat you alive (or at least it'll feel that way) if you don't know in detail the answer to whatever question they may have, to their liking. And they'll have tons of them.

    Advice to Management

    Don't let anyone hijack the supporting part of your IB business (IT). I swear I have no idea how you'll do that, but right now the talent isn't there. There are guys who like being paid and toying with web tricks.


  6. Helpful (3)

    "BACKWARDS CULTURE"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Doesn't Recommend
    Positive Outlook

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

    Pros

    The pay is okay for the hours and management is intelligent but needs help figuring out the future.

    Cons

    Old boys network to the max. Equities has basically no women. No female analysts of any worth, and no female traders. Kind of a joke.

    Advice to Management

    Get a diversity program and hire some women. The 50's are over.


  7. "help desk support"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Help Desk Level I Support in Downers Grove, IL
    Former Employee - Help Desk Level I Support in Downers Grove, IL
    Recommends
    Positive Outlook

    I worked at Jefferies full-time

    Pros

    good commute ,quite work ,friendly people ,very clean area ,lovely people ,good pay jobs

    Cons

    short time contract , seasonal job , very fast changes ,not supervised work


  8. "Unstructured"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Analyst in New York, NY
    Former Intern - Summer Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Jefferies has a very nice culture of welcoming new members. Mid-level management is extremely competent

    Cons

    Upper management in divisions outside of Investment Banking don't seem to believe in the company, always justifying that their ways are better because they were done in Goldman. The S&T divisions are poorly structured, specially for interns that often have nothing to do for weeks.

    Advice to Management

    Create more (better) structured programs for new out-of-school employees and avoid trying to claim you are just like Goldman Sachs. S&T upper management supported the view that this is not a good place to work, specially out of college.


  9. Helpful (5)

    "A so-called “Best Place to Work” three years in a row -- Really?"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    They like to hire people from top firms. So it is easy to negotiate for a large salary hike when you join. But don’t expect too much afterward. Working hours are decent.

    Cons

    The cash bonus clawback policy was supposed to apply to all, but some seniors get away with that, and leaving the lower level employees have to pay back when they leave. If you leave, you will have to pay back your last years bonus!

    Your direct manager reviews your emails, Bloomberg chats, and internal chat system every week.

    They like to outsource a lot of functions (not just those typical ones that are widely known). You won’t be surprised if one day they tell you that you will continue to do what you do, but no longer their employees.

    Advice to Management

    Stop being so hypocritical, You are not a big boy on the Street, and you will never be!


  10. Helpful (6)

    "Losers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    I have no pros for this company.

    Cons

    dropped me after 5 years with no severance pay. Said i was at least going to get health insurance for another month and tried to screw me on that also.

    Advice to Management

    Quit thinking you are goldman sachs, you're not.


  11. Helpful (3)

    "Not crazy about the culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in New York, NY
    Current Employee - Senior Vice President in New York, NY
    Doesn't Recommend
    Disapproves of CEO

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

    Pros

    Somewhat entrepreneurial but wasn't always clear credit was given appropriately.

    Cons

    No one cares if people are treated poorly by their manager.

    Advice to Management

    If management likes the culture, then that's their choice. Not sure if it merits advice.


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