Piper Jaffray Reviews | Glassdoor

Piper Jaffray Reviews

Updated May 4, 2017
94 reviews

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Full-time Part-time

3.4
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Piper Jaffray Chairman and CEO Andrew S. Duff
Andrew S. Duff
54 Ratings

94 Employee Reviews

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Pros
  • Down-to earth and very approachable management, friendly colleagues, good work-life balance (in 10 reviews)

  • Great culture, many of my coworkers are not the typical "investment banking" type (in 7 reviews)

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. Helpful (6)

    "Not a good employer at all"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Minneapolis, MN
    Former Employee - Anonymous Employee in Minneapolis, MN
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The only good thing, I guess, I could recall that it was location of the building (downtown of Minneapolis) very close to everything.

    Cons

    Not a good company to work for. First, compensation probably the lowest I've seen in comparable firms. I'm making at least 70% more now doing pretty much the same level job in operations in another bank. Second, management to say it politely, not the brightest and only interested in their own compensation and benefits. Treatment of team members is very poor sometimes even insulting. One of my former co-workers asked if he can have a personal business card issued for him. Manager just laughed him in a face. Most management is promoted not because of hard work but because of the favoritism. Not diverse environment at all. Many managers didn't even have a college degree. After they were bought by UBS they laid off pretty much all their operations.

    Advice to Management

    It would be nice if you sometimes think not just about your bonuses and backdated options but about your employees whose hard work is very often overlooked.


  2. Helpful (1)

    "Has notable pros and cons..."

    Star Star Star Star Star
    • Work/Life Balance
    • 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
    No opinion of CEO

    Pros

    Opportunity to work closely alongside senior managers and smaller, growth-oriented clientele.

    Cons

    It appears that the most accomplished and competent individuals sit in Minni.

    Advice to Management

    Develop a consistent internal message and execute on it.


  3. Helpful (2)

    "Worst Sweat Shop ever!"

    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

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

    Pros

    Exposure to C-level executives, great learning experience. You get to do all the work - learning- with everyone else is ready to take credit

    Cons

    No work life balance
    Inexperienced senior management incapable of sourcing deals that will actually close
    Dissatisfaction at every level due to compensation or nature of work resulting in everyone trying to look for an exit

    Advice to Management

    Needs to put a serious thought into whether the franchise will be in business in 10 years


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  5. Helpful (2)

    "I would be very surprised if this ship stays afloat for too long!"

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

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

    Pros

    Talented individual contributors. A great place to learn without the rewards.

    Cons

    Inept management, lacks talent across the board.

    Advice to Management

    Stay away from playing politics. Please compare yourself to your peers. Maybe you talked yourself in to a promotion. Ask yourself if you are really qualified for the job? If not, step aside.


  6. Helpful (2)

    "Frustrating"

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

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

    Pros

    Remarkably enduring brand
    Strong senior bankers dedicated to delivering for clients
    Good cultural feel in individual industry groups

    Cons

    Persistently and demonstrably poor and inexperienced leadership, with a bewildering sense of entitlement
    Lack of client engagement and accountability on part of senior management
    Absence of vision and passion to win at helm
    Very siloed structure with disincentives to cross industry teams and work as one firm

    Advice to Management

    Have vision and exert leadership rather than reciting corporate platitudes as strategy.


  7. Helpful (2)

    "No communication from management, very disorganized structure."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Positive Outlook
    Approves of CEO

    Pros

    Nice employees to work with. Good opportunity to make a lot of money.

    Cons

    No clear vision for future. Rapid hiring with no direction for new hires.

    Advice to Management

    Develop. Game plan before hiring employees.


  8. Helpful (2)

    "Unless your a big wig making $500k a year you dont exist."

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

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

    Pros

    Nice location downtown its right by the bus stops and the walkways.

    Cons

    All "management" are a joke to work with. "My way or the highway"

    Advice to Management

    quit!


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

    Star Star Star Star Star
    • 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.


  10. Helpful (1)

    "I-Banking Analyst"

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

    Pros

    Junior staff was very collegial

    Cons

    Terrible culture where company policies are not enforced


  11. "Yuck"

    Star Star Star Star Star
    Current Employee - Administrative Assistant
    Current Employee - Administrative Assistant
    Doesn't Recommend
    Disapproves of CEO

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

    Pros

    There are some, I guess.

    Cons

    Politics reign

    Management says one thing and does another

    Everyone kisses up and kicks down. No accountability towards lower-level employees.

    Many of the senior managers are creeps - they engage in *all* the types of bad behavior Wall Street is famous for.

    Advice to Management

    Clean up your act. Stop pretending Piper is so squeaky clean, when it's not.


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