Piper pays well but doesn't care about its employees. - Investment Banking Associate Piper Sandler Employee Review

3.0
Apr 18, 2009
Recommend
CEO approval
Business outlook

Pros

The compensation and benefits are good. If you are in the midwest it is one of the few banks that is in MN so the location is good if that is where you want to be. IF you want a resume builder for the IB experience it is a decent place to be.

Cons

As with all investment banks right now layoffs are a huge concern Piper does not concern itself with its analysts or associates and barely concerns itself with vps and principals. I have seen layoffs at all levels. They don't give much effort to keeping even the good people. Senior management is not really concerned about mentoring and giving you tools to advance.

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2.0
Apr 9, 2026
Recommend
CEO approval
Business outlook

Pros

It's nearly impossible to get fired. After many years, the IT department has hired a diverse team. Coworkers were intelligent and ethical.

Cons

Unusual that, until after Covid, the IT department was about 95% Caucasian, but now the diversity seems to be due to the ability to lower salaries, and worsen work/life balance. Management will only promote yes-people, or hire from the outside. It's akin to working in IT in 1990s, there is little process or structure. Laptops weren't given to IT until after Covid (yes you read that right), and when they were handed out, they were the used laptops from revenue generating departments that had been upgraded. It was a very chaotic environment.

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