Jefferies & Company

  www.jefferies.com
  www.jefferies.com
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Jefferies & Company Reviews

Updated 27 August 2014
Updated 27 August 2014
106 Reviews
3.0
106 Reviews
Rating Trends

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Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
71 Ratings

Review Highlights

Pros
  • Solid deal flow in San Francisco (in 5 reviews)

  • Excellent IT to work with, good HR profile, great people to work with (in 5 reviews)


Cons
  • Work life balance is slightly worse than at other major banks for similar compensation (in 9 reviews)

  • Long hours and heavy responsibilities (in 6 reviews)

More Highlights

19 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Worst Bureaucracy ever...with little movement (Operations)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Junior Business Analyst  in  New York, NY (US)
    Current Employee - Junior Business Analyst in New York, NY (US)

    I have been working at Jefferies & Company as a contractor for more than a year

    Pros

    Free cereal and coffee. Nice building lol

    Cons

    Operations division is the worst

    Advice to ManagementAdvice

    Do some research before hiring your PM's for compliance projects

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Talking a Big Game

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

    I worked at Jefferies & Company

    Pros

    Management's current mindset on expansion could present opportunities for financial services professionals looking to shift their current roles to a different company.

    Cons

    Continually heard from management how Jefferies was "special" and had a "uniquely different approach" to financial services compared to the traditional bulge bracket firms. In truth, it has all the pitfalls of larger rivals (uninspired thinking and leadership, internal politics) without the benefit of their expansive institutional scale and resources.

    Advice to ManagementAdvice

    There's nothing wrong with aspiring to grow your business and expand your market imprint. It's a commendable aim, and when implemented correctly with true vision and out-of-the-box thinking, there is the possibility for it to be a real drawing card for quality talent.
    Unfortunately, Jefferies has adopted an uninspired approach in attempting to gain grown on its competitors. Poaching new employees through lateral moves from rival firms and adhering to the traditional Wall St. "groupthink" that helped cause the 2008 crisis will accomplish little in a contracting industry where all participants are fighting for diminished profit margins.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Foster City Office / Tech Group

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

    I worked at Jefferies & Company for less than a year

    Pros

    Good opportunity to do IBD in tech... you can lateral to a bulge or have a shot at joining tech from the investing/biz dev side. Office has nice views of the man-made lake in Foster City, - first-row seats to the July 4th fireworks.

    Cons

    Punishing work culture with unfriendly senior management, even by IBD's standards. Extremely high turnover among analysts and associates... even Jefferies NYC guys are surprised.

    Advice to ManagementAdvice

    Don't drive your juniors so hard, and say hello to them once in a while.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good middle market IB firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President  in  New York, NY (US)
    Current Employee - Assistant Vice President in New York, NY (US)

    I have been working at Jefferies & Company full-time for more than 3 years

    Pros

    As professional service mid-sized firms go it's not a bad place to work. You get more out of it if you are in the core competency - a banker. If you directly report to nice people then it is tolerable.

    Cons

    Not much in the way of professional growth or development or opportunities for promotion unless you are a banker. Low pay for non-banker personnel. As with most firms, senior management hasn't a clue as to what is going in their own firm. If temping, they take a long time to bring you on board...it does depend on department. Some have more clout with senior management than others.

    Advice to ManagementAdvice

    Treat all the workers the same, give them all advancement opportunities so they want to stay. Create work-life balance policies and implement them.

    Positive Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    FX Trading situation is HORRIBLE!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - FX Trading  in  New York, NY (US)
    Former Employee - FX Trading in New York, NY (US)

    I worked at Jefferies & Company full-time for more than 5 years

    Pros

    High pay scale for new employees. Not the biggest attraction for talent so they have to pay-up.

    Cons

    If you do get a job there, you will not be having it for too long. Desk does very poorly.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    over worked and under paid

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

    I have been working at Jefferies & Company full-time for more than 3 years

    Pros

    Really not much pros at all.

    Cons

    Too many to list here.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    IT Dept is low expectations, low output. A few stars carry a lot of low contributing head count. Can be bureaucratic.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY (US)
    Former Employee - Vice President in New York, NY (US)

    I worked at Jefferies & Company full-time for more than a year

    Pros

    Potential career growth if you are willing to fight for it. Old guard (Equities) is ripe for shakeup if you have the guts and can play politics.
    (IT) Easy to fade into the low productivity curve and exert minimal effort. International opportunities.

    Cons

    Sometimes felt like a special education prison (IT)
    TPS reports can be a drag. A lot of hairy legacy processes.

    Advice to ManagementAdvice

    Richard Handler is sketchy, watchout !!!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Poor development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst  in  San Francisco, CA (US)
    Current Employee - Analyst in San Francisco, CA (US)

    I have been working at Jefferies & Company full-time for more than a year

    Pros

    Lots of deal flow
    Lots of pitching
    Long hours
    Good place to start if this is your best choice. Top of the middle market

    Cons

    Poor development - mid tier is very weak, you either come in knowing all the finance / accounting or you're out of luck. Can be annoying working for seniors with unreasonable demands who have no idea how to do what they're asking you to do.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Unprofessional to an incompetent degree

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY (US)
    Former Employee - Vice President in New York, NY (US)

    I worked at Jefferies & Company full-time for more than 3 years

    Pros

    Easy to shine in short bursts

    Cons

    unprofessional environment populated by friends and family rather than by the talent. Senior management unaware that a company is made up of more than just sales and trading - it actually requires capable IT and middle office as well as a thoughtful investment in infrastructure and assets that support the business process. Penny wise and often pound foolish coupled with extravagant waste thrown at the wrong people

    Advice to ManagementAdvice

    Study the organization

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Interesting - but could be better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Analyst  in  Houston, TX (US)
    Former Employee - Investment Banking Analyst in Houston, TX (US)

    I worked at Jefferies & Company as an intern for less than a year

    Pros

    Good experience working on IB projects in the Energy Sector

    Cons

    Poor guidance and training effort for interns. No organized internship program.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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