Jefferies Reviews | Glassdoor

Jefferies Reviews

Updated April 24, 2017
50 reviews

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2.0
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Jefferies Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
17 Ratings

50 Employee Reviews

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Pros
  • Great people to work with in certain pockets of the firm (in 14 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 (3)

    "IT Technology"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engineer in Jersey City, NJ
    Former Employee - Engineer in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    None. Before deciding to leave, I asked myself repeatedly, what will I miss about Jefferies? Each time the answer was, nothing.

    Cons

    Jefferies was a good place to work for. I enjoyed going to work. I felt like I made a difference. I felt valued. All that changed when IT was outsourced. Overnight, management's attitude changed. We were no longer an asset but just a resource. Management only looks out for management. It's a very selfish environment. Zero room for growth.

    Advice to Management

    Value your employees because Jefferies is NOT the "best place to work". Stop bombarding us to vote!


  2. Helpful (4)

    "Soul sucking management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Can't Say - Too Obvious in New York, NY
    Current Employee - Can't Say - Too Obvious in New York, NY
    Neutral Outlook
    Disapproves of CEO

    Pros

    Smart and talented staff, although the more recent hires are a cut below

    Cons

    Even for Wall Street mgmt seems to have little regard for it's top performers
    Flavor of the day politics are more important than profitability
    Very short term focus
    If you are one of Rich and Brian's guys then you can do anything, if not then it depends on day to day how you stand
    Super aggressive retention stock policy

    Advice to Management

    Let the people running their departments do their job and stop the Monday morning quarterbacking. If a group is making money or losing money it is not always a reflection of their talent or dedication. There is a huge tendency for management to look at the short term results in our business groups and not look at the landscape of how the business will change going forward.
    Also cut the sanctimonious PR stuff about "partner employees" - it does more harm than good.

  3. Helpful (4)

    "Rough culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Small, very entrepreneurial, with ambitious mindset. Still a dominant force in trading and certain IB industries, but trying to punch above its weight elsewhere is counterproductive.

    Cons

    Brutal culture. Juniors get crushed and simply use it as a stepping stone elsewhere. High MD turnover. Constantly over promise and under deliver.

    Advice to Management

    Walk the talk & share the wealth.


  4. Helpful (1)

    "Strange Environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Probably get more modeling experience than you would at other banks. Nothing else I can think of at this time.

    Cons

    Cold environment - people don't say hello or even acknowledge each others' presence. Disorganized managers create unnecessary work and constant fire drills. Senior bankers act like independent contractors - no sense of team cohesiveness and in many cases they don't even know the juniors' names

    Advice to Management

    End of year reviews consist of 40+ people sitting together in a room and verbally rating each superior. How is this an effective way to solicit meaningful and accurate feedback?


  5. "Lost its way"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Entrepreneurial. Some good staff. International presence.

    Cons

    Lack of knowledge on risk taking businesses


  6. "Corporate Services"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Location is convenient, relaxed and friendly environment, remote working a plus.

    Cons

    Outdated end-user technology, if you are lucky enough to be given laptop it will be at least 3-4 years old and a brick. Corporate applications do not perform the functions required, managers are out of touch with the minimum industry standards to achieve work quality. They bleed their vendors and have no spend strategy.

    Advice to Management

    Refresh everything... and join everyone else in 2016.


  7. "Swear shop"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate III in Foster City, CA
    Former Employee - Associate III in Foster City, CA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Lots of live deals as Jefferies never turns down an assignment. So good experience but you get used to having your share of broken deals / time sinks

    Cons

    Terrible hours. Pitch for everything. Unreasonable senior banker expectations. Healthcare banking gets treated better than rest. Poor politics. Watch your back!

  8. "Sales Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at Jefferies full-time

    Pros

    Great pay and bonuses great benefits too

    Cons

    managers are untrustworthy. Do not support their employees. Sales men do shady things.

    Advice to Management

    Treat your employees better


  9. "SVP Head of Client Services & clearing technology"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President Head of Client Services in Chicago, IL
    Former Employee - Senior Vice President Head of Client Services in Chicago, IL
    Doesn't Recommend
    Negative Outlook

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

    Pros

    I was part of futures division. For the most part Jefferies sr. mgt let us grow the business.

    Cons

    They didn't understand our business and ultimately withdrew from it. they kicked our division out in 2015

    Advice to Management

    learn the business before you invest in it.


  10. "Analyst"

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

    I have been working at Jefferies full-time

    Pros

    Very flat structure. Title does not matter in terms of responsibility and exposure to senior management

    Cons

    No structure for analysts. No in depth training program, no mentoring. Paid below market vs other investment banks.


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