Jefferies & Company
3.2 of 5 85 reviews
www.jefferies.com New York, NY 1000 to 5000 Employees

Jefferies & Company Reviews

Updated Apr 11, 2014

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3.2 85 reviews

                             

81% Approve of the CEO

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

Richard B. Handler

(59 ratings)

54% of employees recommend this company to a friend
85 Employee Reviews
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Review Highlights

Pros:
  • "Solid deal flow in San Francisco"
    in 5 reviews
  • "The people were friendly and great place to learn"
    in 3 reviews
Cons:
  • "Sell themselves as a flat organization and different than other investment banks in terms of respecting your work/life balance"
    in 8 reviews
  • "Long hours and heavy responsibilities"
    in 6 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

IB Analyst Program

IB Analyst (Former Employee)
New York, NY (US)

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

ProsDynamic and growing company that is much more flexible and agile than larger banking firms.

ConsNo negatives except for complaints about IB broadly: not a great work life balance, work is not particularly rewarding or technically challenging.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Culture & Values
         
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Good place if you could find your niche

Trader (Former Employee)
New York, NY (US)

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

ProsLittle bureaucracy, fast decision making, available opportunities

ConsCost orientation undercutting serious thoughts about future opportunities, running too much stuff on skeleton set-up

Advice to Senior ManagementThing deep, invest more into future

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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1 person found this helpful  

No culture

Senior Sales/Trader (Current Employee)
New York, NY (US)

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

ProsIf you produce they pay well. But that has changed with clawbacks so it's very similar to the bulge bracket firms.

ConsZero culture. When you take people from deceased firms - Bear, Leh, Mer, GCM - and throw them into an eat what you kill pool and no management from the top you get a toxic stew. People trying to steal accounts, not answering/backing up when off the desk. The one benefit was the monthly hard dollar payouts. That's now gone and clawbacks are in place so other than a place to park your feet there are better places out there.

Advice to Senior ManagementLook past the next ticket to build some teamwork and cohesion.

No, I would not recommend this company to a friend

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  • Culture & Values
         
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First class place to work.

Analyst (Former Employee)
New York, NY (US)

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

ProsExposure to senior staff and chance to see real deal transactions.

ConsVery long hours ... but this is I-banking life right.

Advice to Senior ManagementKeep up the good work. I had great managers.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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1 person found this helpful  

FX Trading situation is HORRIBLE!

FX Trading (Former Employee)
New York, NY (US)

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

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

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

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Great Company to work for

Anonymous Employee (Former Employee)

I worked at Jefferies & Company

ProsGreat work environment with even better people

ConsCant think of any at this time

Advice to Senior ManagementCant think of any at this time

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Interview

Anonymous Employee (Current Employee)

I have been working at Jefferies & Company

ProsIt's relaxing interview. I was asked some questions about finance, like swap yield curve, options and futures. And I did some questions about what I did in my academic courses, what my contribution was in the project.

ConsI think they hired the highest qualified people. People as a employee at Jefferies will have lots of knowledge about the financial markets. Your responsibility ranges from the beginning to the end.

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  • Culture & Values
         
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  • Disapproves of CEO

 

Intelligent people, terrible culture and pay

Investment Banking Associate (Former Employee)
London, England (UK)

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

Pros+ Work with intelligent and work hungry people
+ Good health plan

Cons+ Terrible working environment
+ Claw-backs and extensive restrictions on bonuses
+ No cohesive culture, all IBD teams have their own culture
+ Every man for themselves and blame culture
+ Some very incompetent people at the top

Advice to Senior ManagementWork / Life balance

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Great place to develop an IB/securities career

Anonymous Employee (Former Employee)

I worked at Jefferies & Company

ProsDynamic company growing market share, motivated employees, good work/life balance - generally the firm gets it right as the results have shown.

ConsTypical downsides associated with working for any investment bank - nothing that you wouldn't expect to encounter at other similar institutions.

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2 people found this helpful  

Left in the garbage

Information Technology (Former Employee)

I worked at Jefferies & Company full-time for more than 10 years

ProsThere are not many Pro's to talk about, the only thing that comes to mind was having longevity, however all that has changed now. The benefits where fairly good compared to other companies.

ConsTreated like a second class citizen, support staff is an afterthought, the only thing that drives this company is their producers. Staff is treated like an expense that no one wants to on their budget sheet. Leaving no opportunity for growth and little opportunity to enjoy working around fellow employees.

Advice to Senior ManagementLearn to manage people not your wallet, the idea of putting the biggest earner in the management position does not make for a good manager, it makes for someone who still only cares about his bottom end. Most management would rather ignore problems than deal with them because it takes them away from their earnings. The biggest fault is there is little to no communication between management of other groups which leads to a lot of miss-communication, rumors, segregation of departments.

No, I would not recommend this company to a friend

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