Pros
Jefferies is well positioned for a revovery in the financial services marketplace. Jefferies minimizes its exposure to risky business lines and proprietary trading, and is well capitalized to withstand downturns in the economy. As the market turns around, Jefferies will continue its leadership position as an independant and diversified investment bank and institutional brokerage, catering to small and mid-size firms.
Cons
Favoratism runs rampant at Jefferies. Hiring and promotions are based on who you know, not what you know. Many times, mid-level management stiffles communication because they are more interested in promoting themselves and their "cronies" rather than foster open communication, build trust and share knowledge between different groups.