Jefferies & Company

  www.jefferies.com
  www.jefferies.com

Jefferies & Company Reviews

Updated 23 October 2014
Updated 23 October 2014
112 Reviews
3.2
112 Reviews
Rating Trends

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Jefferies & Company Chairman and CEO, Jefferies Group and Jefferies & Company Richard B. Handler
Richard B. Handler
75 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)

  • Different position within the investment banking industry being in the middle market space (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Firm is in a good position, probably a bit too much hype

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

    I worked at Jefferies & Company as an intern (less than an year)

    Pros

    People generally very understanding, hours very reasonable for investment banking, senior leadership very approachable (would sit in VP+ offices, calls, etc.), not too much cutthroat competition

    Cons

    Deals after fairly small, spent a lot of time chasing down <$1B deals. A lot of pitching. A bunch of very senior people from other firms who aren't used to working in a lean environment. Budget cuts seem random

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 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
  3. 1 person found this helpful  

    Good

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

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

    Pros

    it is still a small company

    Cons

    it is getting big company politics

    Advice to ManagementAdvice

    start a track for advancement of techies who don't want to get into management

    Positive Outlook
    Approves of CEO
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  5.  

    Associate

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Jefferies & Company

    Pros

    Small team, ability to make an impact

    Cons

    More work than other banks

    Advice to ManagementAdvice

    Pay more

  6. 1 person found this helpful  

    Trying to play in the big leagues. An Ok place to work for Equity research

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

    I worked at Jefferies & Company full-time (more than 8 years)

    Pros

    Aggressive culture. Jefferies has been trying to gain market share away from some of the larger players. They have been trying to hire away talent from some of the bigger shops such as UBS and Morgan Stanley by luring people with 2 year guarantees. Not sure if this model is sustainable if they don't generate enough revenues through these new hires.

    Cons

    Hours could be long. Sales can get demanding at times. Year end review process is relatively opaque. There is a push to get analysts II ranking, which means a ton of outbound phone calls (500+) every month. This activity among others is tracked internally.

    Advice to ManagementAdvice

    Listen to what the employees are saying. Don't rush to get too big too soon.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Rigorous, but learned a great deal

    • 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

    - Smaller firm, work directly with MDs
    - High responsibility

    Cons

    - Long hours (60-100/week)
    - Stringent management and demanding teamwork

    Advice to ManagementAdvice

    Reviews on a more frequent basis

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8. 3 people found this helpful  

    Not crazy about the culture

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

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

    Pros

    Somewhat entrepreneurial but wasn't always clear credit was given appropriately.

    Cons

    No one cares if people are treated poorly by their manager.

    Advice to ManagementAdvice

    If management likes the culture, then that's their choice. Not sure if it merits advice.

    Doesn't Recommend
    Disapproves of CEO
  9. 1 person found this helpful  

    Growing Company, Poor Timing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Associate in Boston, MA (US)
    Current Employee - Sales Associate in Boston, MA (US)

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

    Pros

    Very Flat organization and Leadership is surprisingly transparent
    Avoided many of the investment mistakes that sank competitors in the industry
    Some of the best people I have ever worked with in my career

    Cons

    No clear processes regarding career development.
    If you don't find a strong niche for your skills and talent, you will be passed over.

    Advice to ManagementAdvice

    Finds ways to instill a stronger sense of culture and values
    Invest in ways to formalize hiring and career development

    Neutral Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Smart people in the weeds

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

    I have been working at Jefferies & Company full-time (more than 8 years)

    Pros

    This company has really smart people all over the place. The atmosphere is generally nice, and the company is very ethical. Compensation is slightly below fair, but is made up for by a good working culture. The firm's reputation is great.

    Cons

    Non-managers have careers that stagnate largely due to politics. Managers have no incentive to promote and nurture great talent, and thus they focus only on making sure those above them hear what they want to hear. They can't promote as it would compromise their very own roles.

    The CEO and chairman have a different mindset, however their mentality doesn't always trickle down.

    Advice to ManagementAdvice

    There is a world beyond management. The real people who are doing work are oven overlooked. Look at all those people who are VP and below and focus on them as much as you do all those at SVP and above.

    Neutral Outlook
    No opinion of CEO
  11.  

    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

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