Jefferies & Company

  www.jefferies.com
  www.jefferies.com

Jefferies & Company Reviews

Updated 31 October 2014
Updated 31 October 2014
114 Reviews
3.1
114 Reviews
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Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
76 Ratings

Review Highlights

Pros
  • Jefferies investment banking division is an up and comer in the industry (in 8 reviews)

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


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

  • the management of the company, long hours (in 7 reviews)

More Highlights

22 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Awesome team members but management is inept.

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

    I have been working at Jefferies & Company full-time (more than 5 years)

    Pros

    Many of my colleagues are spot on some of the best in the business, and I've learned some significant life lessons from them. The compensation is spot on given the job but the clawback on bonuses is kind of bullsh!t

    Cons

    There are many more in management that seem to have the skill set of a toddler and many times they sound like a toddler when they don't get their way. There really isn't a path for personal or professional growth, it's as if they use you for two years and toss you to the curb like this weeks recycling.

    Advice to ManagementAdvice

    Respect your employees and understand that we're humans with needs and emotions, and even some ethics once in awhile. Throwing us a bone once in awhile doesn't make us feel good; quite the opposite though. Of course management is day to day with their heads in the clouds and seemingly growing the ranks of management without growing your base level of employees.

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

    not ideal

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

    I have been working at Jefferies & Company full-time (more than an year)

    Pros

    Compensation is generally on par with the street. Work is similar to that in any other investment bank, though the deal teams are slightly thinner. Junior bankers generally spend significantly more time pitching than those at other banks.

    Cons

    Turnover is higher here than at competing banks. Exits opportunities are not on par with those at bulge brackets. Cutthroat culture. Little communication between senior management and juniors. Rigid compensation structure. Significant financial penalties if you decide to leave.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Minor leagues

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

    I worked at Jefferies & Company full-time

    Pros

    Pros - Leaders appear to be involved (not sure how sincere it really is). Compensation is average and at times cut throat

    Cons

    Layoffs are too frequent - quarterly. Firm is penny wise and pound foolish

    Advice to ManagementAdvice

    Speak to the employees outside of town halls

    Doesn't Recommend
    Approves of CEO
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  5.  

    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 (more than an 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
  6.  

    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
  7. 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 (less than an 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
  8.  

    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 (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
  9. 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 (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
  10. 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 (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
  11. 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 (more than an 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

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