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Jefferies Reviews

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

49 Employee Reviews

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Pros
  • Allowed work life balance, but when needed it can be any hour (in 12 reviews)

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

Cons
  • work/life balance varies from tolerable to non-existent (in 19 reviews)

  • Heavy workload and long hours, but nothing bad (in 22 reviews)

More Pros and Cons

  1. Helpful (1)

    "Room for improvement."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trading Vice President in New York, NY
    Former Employee - Trading Vice President in New York, NY
    Doesn't Recommend
    Approves of CEO

    Pros

    Jefferies is well positioned for a revovery in the financial services marketplace. Jefferies minimizes its exposure to risky business lines and proprietary trading, and is well capitalized to withstand downturns in the economy. As the market turns around, Jefferies will continue its leadership position as an independant and diversified investment bank and institutional brokerage, catering to small and mid-size firms.

    Cons

    Favoratism runs rampant at Jefferies. Hiring and promotions are based on who you know, not what you know. Many times, mid-level management stiffles communication because they are more interested in promoting themselves and their "cronies" rather than foster open communication, build trust and share knowledge between different groups.

    Advice to Management

    Senior management needs to implement 180/360 degree feedback. This way, management will realize which managers are being productive by addressing real business issues, and which are just playing politics.


  2. Helpful (1)

    "Clueless management"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Jersey City, NJ
    Current Employee - Vice President in Jersey City, NJ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good salary, convenient location and accessibility.

    Cons

    The right hand does not know what the left hand is doing. Managers create their little empires and spend most of their time preserving their power. Some managers are rude and abusive to employees. Company culture discourages sharing of knowledge, teamwork and innovation in general.
    Managers micromanage employees to a huge degree. Managers are feared and most employees do not feel comfortable giving their opinion or disagreeing.

    Advice to Management

    You have a very knowledgeable and talented group of employees. You should encourage teamwork, sharing of information and knowledge.
    Company has a lot of potential if management is willing to update their processes and procedures.

  3. Helpful (1)

    "Lack of Career Progress"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Associate in New York, NY
    Current Employee - Research Associate in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Emerging trading firm on global basis

    Cons

    No support and no value for career progress in company

    Advice to Management

    Need to make adjustments quickly if longevity of your employees is of value to the firm. Significant disappointment among many.


  4. "bad experience, not only did they lie about the amount of interns that would be converted, but they took extra time"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Analyst - Fixed Income Sales & Trading in New York, NY
    Former Employee - Summer Analyst - Fixed Income Sales & Trading in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    not many ----pay is at least in line with other firms

    Cons

    just for everyone's reference in the future ---probably should try to stay away from jefferies for summer internships---at least for trading
    in fixed income they told us they would be hiring 70 to 80% of the analysts for the program----then even on the last day of the internship they told us they would hire 6 or 7 of the 10 interns----

    to make matters worse, not only did they take an extra 3 weeks then they were supposed to to give offer decisions----but they only hired 2 people----

    furthermore, the program is extremely unstructured---theres no formal training---and the whole mentality among people there has nothing to do with giving an intern a positions---there's no mentorship program---the EM desk literally told us from the start that they only hire people with experience---the advice is to stay away coming from someone that had offers at multiple BB programs and ended up obv. not getting an offer....

    ranting because i just saw a video on their new careers site with their head of FI saying how they are now focusing on building internally via hiring junior people----when that is a bunch of crap (at least for fixed income)

    extremely unprofessional HR treatment

    Advice to Management

    get the intern program more organized---don't mislead kids into taking a position with the firm when there's an extremely small chance of getting hired----build a training program--support and have HR honor a date of commitment


  5. Helpful (2)

    "Good learning experience. Somewhat abusive culture."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in Boston, MA
    Former Employee - Investment Banking Associate in Boston, MA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Commercially aggressive
    Broad product and deal flow

    Cons

    Lack of integrity
    Poor culture
    Revolving door


  6. "Interesting - but could be better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Investment Banking Analyst in Houston, TX
    Former Intern - Investment Banking Analyst in Houston, TX
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good experience working on IB projects in the Energy Sector

    Cons

    Poor guidance and training effort for interns. No organized internship program.


  7. "Unprofessional to an incompetent degree"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Easy to shine in short bursts

    Cons

    unprofessional environment populated by friends and family rather than by the talent. Senior management unaware that a company is made up of more than just sales and trading - it actually requires capable IT and middle office as well as a thoughtful investment in infrastructure and assets that support the business process. Penny wise and often pound foolish coupled with extravagant waste thrown at the wrong people

    Advice to Management

    Study the organization

  8. Helpful (2)

    "IT Dept is low expectations, low output. A few stars carry a lot of low contributing head count. Can be bureaucratic."

    StarStarStarStarStar
    • 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

    Potential career growth if you are willing to fight for it. Old guard (Equities) is ripe for shakeup if you have the guts and can play politics.
    (IT) Easy to fade into the low productivity curve and exert minimal effort. International opportunities.

    Cons

    Sometimes felt like a special education prison (IT)
    TPS reports can be a drag. A lot of hairy legacy processes.

    Advice to Management

    Richard Handler is sketchy, watchout !!!


  9. "Poor development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in San Francisco, CA
    Current Employee - Analyst in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Lots of deal flow
    Lots of pitching
    Long hours
    Good place to start if this is your best choice. Top of the middle market

    Cons

    Poor development - mid tier is very weak, you either come in knowing all the finance / accounting or you're out of luck. Can be annoying working for seniors with unreasonable demands who have no idea how to do what they're asking you to do.


  10. Helpful (1)

    "over worked and under paid"

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

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

    Pros

    Really not much pros at all.

    Cons

    Too many to list here.


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