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 (inherent in the industry) (in 6 reviews)

More Pros and Cons

  1. "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.


  2. "Piper Jaffray"

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

    Pros

    Great culture, wonderful learning experience

    Cons

    Typical investment banking hours and life

  3. "Investment Banking Associate"

    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

    Pros

    PJC is a good place to build a career in investment banking with a lean deal team and direct access to senior bankers and management teams with lots of responsibility.

    Cons

    Deal teams can run lean which makes it difficult sometimes to stay on top of all the work and projects to put forth good results. However, the teamwork in the group is strong.


  4. "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.


  5. Helpful (3)

    "Culture Problems"

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

    Pros

    *Friendly co-workers
    *Decent compensation package
    *Good work-life balance

    Cons

    *Culture problems seem prevalent throughout company--specifically the lack of accountability for actions taken (including senior management). This has been an employee concern for several years.
    *Employee morale suffers due to consistent layoffs--management appears to think this is the solution to all issues.
    *Senior management is very "clique-ish"--either you're part of the clique or your career suffers.

    Advice to Management

    *Improve culture by holding employees accountable--especially senior management
    *Only utilize layoffs if all other options have been exhausted--otherwise employee morale is needlessly lost.
    *Reduce the "clique" culture by requesting and truly accepting other opinions from a wide variety of groups.


  6. 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.


  7. Helpful (1)

    "Staff Accountant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accountant I (Staff Accountant) in Chicago, IL
    Current Employee - Accountant I (Staff Accountant) in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Fast-paced with wide scope of projects

    Cons

    Working at their smaller asset management company, Advidory Research. No established training program.

    Advice to Management

    Continue to evolve in the energy industry. There's a huge demand for it now and in the future.

  8. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in New York, NY
    Former Employee - Financial Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to learn about investment banking industry. Mid western culture is a better deal than New York style banking. Cautious about picking a group. Overall a very positive experience.

    Cons

    Typical cons, such as long hours, tight deadlines, demanding bosses and clients. Perhaps, the firm needs to provide more help placing junior people in post-banking positions.

    Advice to Management

    Better junior talent development, better access to databases, introduce support services for junior staff (word processing, binding, etc.) so that they can focus on actual work instead of busy work. Jump on the wellbeing train like the larger banks, introduce mandatory days off, etc.


  9. "Fantastic company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Vice President in New York, NY
    Former Employee - Investment Banking Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Progressive organization, good corporate citizen, heading in the right direction. Excellent work culture.

    Cons

    Staffing can be lean, so you may get overworked in your role, but it's a good experience.

    Advice to Management

    Keep it up!


  10. "Institutional Sales"

    StarStarStarStarStar
    • 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
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Professional work environment, competitive atmosphere, well respected in the investment community. Great opportunity wo work with like minded people and build relationships with institutional clients. Great comp package.

    Cons

    Opportunities for advancement are somewhat limited due to employees with significant tenure having a stronghold on legacy clientele. Not a lot of negatives here really except that in volatile market times, there is a lot of pressure to perform.

    Advice to Management

    Keep up the good work. Piper has managed to make it thru very turbulent market conditions due to managements long term views. Don't get too greedy when times are good and stay the course when times are tough.


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