Piper Jaffray Reviews | Glassdoor

Piper Jaffray Reviews

Updated August 16, 2017
99 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. "F"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good culture, really strong healthcare group

    Cons

    PJC is a middle-market and sometimes will have less dealflow


  2. "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

  3. "Vice President"

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

    I have been working at Piper Jaffray full-time

    Pros

    Great momentum in the investment banking business

    Cons

    Tend to have lean deal teams which can be good and bad ..need to hire more junior resources to keep up with growing IB franchise


  4. "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


  5. Helpful (1)

    "Great Company"

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

    I worked at Piper Jaffray full-time

    Pros

    Down-to earth and very approachable management, friendly colleagues, good work-life balance.

    Cons

    Sometimes software applications we used for our jobs were not very good or user friendly.


  6. "intern"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    The company has a good atmosphere and environment

    Cons

    So far there are no cons


  7. "Yuck"

    StarStarStarStarStar
    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.

  8. Helpful (1)

    "I-Banking Analyst"

    StarStarStarStarStar
    • 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


  9. 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.


  10. 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.


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