Jefferies IBD Associate reviews

4.0

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(3 total reviews)
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Richard B. Handler

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Reviews by job title

3 reviews
1.0
Jan 18, 2016

It could have been so great!

Recommend
CEO approval
Business Outlook

Pros

When I first joined it was a great, entrepreneurial and smart place to work. The mid-market profile served us and our clients really well. There are still some very smart people there - mainly because they can't afford to leave due to claw back provisions.

Cons

The new IBD management team came along in 2009-2010 and changed all the positives, turned it into a political bear pit. Hired bulge bracket CVs who couldn't win a pitch without a balance sheet to win the deal. Then hired too many bulge bracket CVs. Expanded into new products and Asia too quickly. Told us we were going to be the new Goldmans. And then we weren't....thanks guys! And as for the deal with Leucadia - the senior mgt should hang their heads in shame...Gravy for some. Ensuing disaster for the rest of us.

2.0
Oct 22, 2014

not ideal

Recommend
CEO approval
Business Outlook

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.

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