Piper Jaffray Reviews | Glassdoor

Piper Jaffray Reviews

Updated June 28, 2017
31 reviews

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3.0
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Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
14 Ratings

31 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 (inherent in the industry) (in 6 reviews)

More Pros and Cons

  1. "Trading Operations"

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

    I worked at Piper Jaffray full-time

    Pros

    Great hours given that you're working market hours.

    Cons

    Very little career upside unless you make a move into another sector of the firm.


  2. "Managing Director"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Piper Jaffray full-time

    Pros

    Good place to work at early in your career.

    Cons

    It is a highly competitive environment

    Advice to Management

    Keep doing what you're doing.

  3. "Vice President"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Piper Jaffray full-time

    Pros

    Collegial atmosphere throughout the firm

    Cons

    Management did not always stick to its commitments


  4. Helpful (1)

    "Unmet expectations"

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

    Pros

    Small deal teams and generally nice people to work with. Midwest culture at corporate level

    Cons

    The firm pitch is a smaller, more family oriented team to help clients that are going to fight for bigger deals but in reality most bankers are actually people who couldn't hack it at larger firms. Analysts got CRUSHED.

    Advice to Management

    Analysts come to learn and to do deals - co-managed IPOs and failed M&A pitches are not great analyst experience.


  5. "Great"

    StarStarStarStarStar
    Current Employee - Managing Director in Minneapolis, MN
    Current Employee - Managing Director in Minneapolis, MN
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Wonderful and smart employees. Hard working and team oriented. Great resources and generally talented mid level management. Good place to work.

    Cons

    Can be difficult to advance because the bench is deep with lots of talent. Very supportive work environment where they want you to do well.


  6. "Trading and Sales"

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

    I worked at Piper Jaffray full-time

    Pros

    Good pay, fair medical and great people to work with.at Piper Jaffray is a growing firm with many different departments to work in.

    Cons

    The management can't seem to make up their minds. They start a program knowing it will take time to build it up to start earning a profit. After three months they pull the plug and say it is not working. One manager says one thing and another manager says something else.

    Advice to Management

    When you make a plan you need to stick with it. People are depending that management will be true to their employees.


  7. Helpful (1)

    "Executive Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Assistant in San Francisco, CA
    Current Employee - Executive Assistant in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Company is trying to shed it's dusty perception; has been on a major acquisition spree and just rebranded; no debt; growing market share

    Cons

    HQ and Management in Minnesota; legacy middle management is instilled for life, and has led to a culture of 'my way or the highway' and unfortunately those with decision-making authority are not the brightest or best; a culture of mediocrity at best; Within Investment Banking, the Associates are being squeezed as some MDs are quite lazy and do minimal work; because of the brain drain to Silicon Valley startups, analysts often lack the minimum skills needed to churn out the quality work for the deal teams....leaving the few qualified Associates to be completely overworked. A few women bankers which is refreshing but still very much an old boys network and the women are cut out of meetings at times, but they somehow deal with it with grace. The admin and ops team are skeletal, and the majority are poor quality (high school education with no higher degree; many with no prior IB or financial services experience). The rigid stalwart management allows virtually no autonomy to the talented few. Rebranding is quite lofty ("Power of Partnership", "Entrepreneurial", etc.) as the old foundation remains rigid, dusty, lackluster. Compensation and Benefits are poor.

    Advice to Management

    Up the bar. Give talented employees autonomy and room to voice and instill best practices (i.e. allow them to be innovative and entrepreneurial). Up the compensation and benefits and attract higher quality employees. Put some of the legacy management on the back bench and bring some fresh air in. Don't put all your capital into acquisitions and MDs.

  8. Helpful (1)

    "Sweat Shop"

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

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

    Pros

    Money, and the cost of living adjustment in MN was great.

    Cons

    The work life balance. MD's constantly pitching "bad" deals.

    Advice to Management

    Better junior management and support.


  9. "Not bad, but not ideal for recent grads unless you're a banker"

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

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

    Pros

    The location is right in the heart of downtown Minneapolis which is fun. My department did team building activities and people regularly brought in food.

    Cons

    The work can be monotonous and boring. As a intern I received minimal direction and got the feeling that my supervisor was too busy or didn't care enough to teach me the basics. You won't really work with other recent college grads unless you're an investment banker.

    Advice to Management

    Have more structure around internships. Don't just put effort into the summer program. You have talent that would consider staying after graduating, but you have to make them want to stay.


  10. "Former associate"

    StarStarStarStarStar
    Former Employee - Investment Banking Associate in Philadelphia, PA
    Former Employee - Investment Banking Associate in Philadelphia, PA

    I worked at Piper Jaffray (More than a year)

    Pros

    Less bureaucratic than other firms
    Accessible senior level management compared to bulge brackets

    Cons

    Pay is not there with other firms
    Very decentralized in many respects and not very established in New York and major financial services hubs


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