Piper Jaffray Investment Banking Analyst Reviews | Glassdoor

Piper Jaffray Investment Banking Analyst Reviews

Updated April 16, 2017
18 reviews

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Investment Banking Analyst

4.1
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Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
9 Ratings

Employee Reviews

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Pros
Cons
  • Company stresses work life balance but it's almost a joke how much it is actually implemented (hint: pretty much not at all) (in 5 reviews)

  • Long hours (as expected for IBD though), extreme unpredictability and lack of visibility to future schedule (in 6 reviews)

More Pros and Cons

  1. "Investment Banking Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in Minneapolis, MN
    Current Employee - Investment Banking Analyst in Minneapolis, MN
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Piper Jaffray full-time (Less than a year)

    Pros

    Great culture, many of my coworkers are not the typical "investment banking" type... they are nice!
    Lean deal teams
    Given more responsibility from the start
    Compensation is on par with other banks. You actually make more because of the lower cost of living if you are at the HQ

    Cons

    Not an amazing brand/prestige
    Great exit opps may be more difficult to obtain
    Not huge deals, so what you are working on probably won't be in the WSJ or known by people outside of finance

    Advice to Management

    Keep it up. Focus on recruiting and paying for the best possible talent. Try to position Piper so it can compete better with "elite boutiques" by framing it as an "elite MM firm" i.e. Prestige


  2. "Investment Banking Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Middle market bank that pays street, has decent work life balance, friendly company culture, "do it yourself" environment

    Cons

    Limited training and career development opportunities, somewhat stale working environment, culture varies per group

    Advice to Management

    Invest in people. They're all you have.

  3. Helpful (1)

    "Investment Banking Analyst / Associate (Promoted)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good client exposure on and deal flow in Cap Mkts.

    Cons

    Lack of M&A deal flow. Lots of pitching for deals that go nowhere (same as any other IB)


  4. Helpful (7)

    "Investment Banking Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in Minneapolis, MN
    Current Employee - Investment Banking Analyst in Minneapolis, MN
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    All based on Minneapolis office experiences:

    -Fairly laid back as far as banking goes
    -People are pretty friendly
    -Great cost of living in Minneapolis (same pay regardless of location)
    -Lean deal teams
    -Lots of exposure to clients and management teams
    -My industry group is really well run with the exception of one terrible manager

    I mean overall I liked it enough as an intern to come back full time I guess

    Cons

    -Long hours (as expected for IBD though), extreme unpredictability and lack of visibility to future schedule
    -Brand name isn't the best which significantly impacts exit opps
    -Minneapolis location
    -Lack of supporting staff (don't have somebody printing books 24/7, analysts have to do far more admin work than at bigger banks)
    -Perks are mediocre compared to a lot of other banks (meal stipend, weekend policies, etc.)
    -Pay slightly below street
    -Company stresses work life balance but it's almost a joke how much it is actually implemented (hint: pretty much not at all)
    -Abusive senior bankers seemingly never get punished for their actions
    -Some companies we work with are honestly kind of crappy which means deals fall apart all the time
    -401k plans and other employee benefits are mediocre at best
    -Office is so lame. Break room is terrible, view is terrible, etc.
    -IT is an absolute pain to deal with. You'd think unblocking a website was the end of the world for them

    Advice to Management

    Actually implement the policies that are supposed to help junior bankers. Don't promote BS such as the "power of partnership" then let senior bankers cuss you out and scream and belittle you for something that you did absolutely nothing wrong at all without any sort of repercussions. Should make bonuses and other perks more competitive to other banks.


  5. "Investment Banking Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Summer Analyst in Minneapolis, MN
    Current Employee - Investment Banking Summer Analyst in Minneapolis, MN
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The bankers in the Minneapolis office have a really laid-back attitude, which is unusual to find in an investment banking environment. Everyone facilitates your development and learning experiences, and takes concern to your growth, development, an work-life balance.

    Cons

    Long hours (inherent in the industry). HR and the senior bankers really stress the work-life balance, and try to follow new policies implemented regarding no work after 12pm on Fridays, protected weekends, etc. but it rarely pans out.

    Advice to Management

    Plan materials in advance, always indicate due dates, eliminate unnecessary sense of urgency when possible.


  6. "Bad Wall Street Internship Experience"

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

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

    Pros

    -Steep learning curve
    -Lean deal teams
    -Strong in healthcare
    -My MD demonstrated concern for my professional development, and I imagine most MD's treat their junior employees with respect.
    -Some analysts willing to lend a helping hand to interns
    -Even though it is a 2nd tier firm, other employers, even outside finance, respect having IB experience, and Piper on your resume can boost your odds of employment elsewhere.

    Cons

    -Toxic culture
    -Long unrewarding hours
    -Dreary office space with limited snacks, amenities
    -Not enough formal training, yet expected to perform highly from the start
    -Accepted internship offer on agreement I would be placed in a certain group and ultimately ended up in an inferior group with no say in the matter. Demonstrates lack of care for junior employees.

    Advice to Management

    -Bulk up the NYC presence; clearly it is a midwestern bank, but the New York office feels isolated and irrelevant.
    -Provide more formal training and mentorship.
    -Long hours are a part of Wall Street, but interns were often held in the office unnecessarily for bureaucratic reasons and to respect the hierarchy, which seems ridiculous.


  7. Helpful (2)

    "Solid Learning Experience, Wouldn't Work there full-time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Piper Jaffray Investment Banking Analyst in Minneapolis, MN
    Former Employee - Piper Jaffray Investment Banking Analyst in Minneapolis, MN
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good people, great work-life balance, small firm

    Cons

    Cheap company, poor pay, bad industry rep in certain sectors

    Advice to Management

    Compensate better

  8. "Great work, really poor working culture and team"

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

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

    Pros

    Middle market investment banking lends itself to give junior team members a ton of responsibility right out of college.

    Cons

    Piper has a strong presence in the healthcare industry vertical, but presence in others is virtually nonexistent.


  9. Helpful (1)

    "Unhelpful Internship"

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

    I worked at Piper Jaffray as an intern (Less than a 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 Management

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


  10. "Not great but not bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Piper Jaffray full-time (More than a 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 Management

    Promote from within, maintain relationships with employees who move on