Jefferies reviews

3.9

69% would recommend to a friend

(1,281 total reviews)
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Richard B. Handler

83% approve of CEO

69% positive business outlook

Jefferies has an employee rating of 3.9 out of 5 stars, based on 1,281 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Jefferies employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

1K reviews
1.0
Mar 28, 2016

Senior Manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There are some good associates that are very motivated to do good work. I enjoyed my work experience there.

Cons

The leadership is horribly detached from reality. Last years management conference, they completely forgot to introduce any of the senior management on the stage. It just simply skipped both of their minds, which was nonprofessional. The business has outgrown the leadership, and yet the leadership believes that they are still the smartest guys in the room. That is comical since their stock price has been declining for five years, and current leadership has made painfully expensive missteps in strategy and execution, costing shareholders hundreds of millions in nonrecoverable losses. Not only are they screwing up, but they seem to feel that nothing ever is their fault. There is always someone or something else to blame. Their explanations are getting worn out. If the leadership was graded over there by the staff, my guess is that at best they would be a D. Especially after another failed year, and with the stock near all time lows, they give each other a 5 million dollar bonus. What an FU to the firm and its shareholders.

1.0
Jul 4, 2014
Recommend
CEO approval
Business Outlook

Pros

They like to hire people from top firms. So it is easy to negotiate for a large salary hike when you join. But don’t expect too much afterward. Working hours are decent.

Cons

The cash bonus clawback policy was supposed to apply to all, but some seniors get away with that, and leaving the lower level employees have to pay back when they leave. If you leave, you will have to pay back your last years bonus! Your direct manager reviews your emails, Bloomberg chats, and internal chat system every week. They like to outsource a lot of functions (not just those typical ones that are widely known). You won’t be surprised if one day they tell you that you will continue to do what you do, but no longer their employees.

3.0
Oct 10, 2018
Recommend
CEO approval
Business Outlook

Pros

- Pay depends on where you sit and how well you perform. Can get paid above street & peers, but will depend on how hard you work and a bit of luck - One of the last banks with an old school Wall Street culture - Jefco is a tough place to work, but your experience will allow you to to migrate to another bank or industry with ease - You'll learn to adapt, survive, and play office politics well - If your young and bring new talents to the table, you can outperform senior folks stuck in their way

Cons

- Lack of communication from management, lots of smoke & mirrors, hardheaded... - Sharp elbows from senior folks who are getting squeezed out...bank is incredibly top heavy. - WASP culture that can be annoying at time, but is being phased out - Long hours, below street pay if your not a top performer - Low morale - Upper management runs the bank like a hedge fund, they risk the employee bonus pool in exchange for higher management bonuses - Slow to change, very old school, technologically behind - Job security, you are not safe regardless if you're a junior or senior - PLENTY of egos

Viewing 7 - 9 of 1,281 Reviews

Glassdoor has 1,640 Jefferies reviews submitted anonymously by Jefferies employees. Read employee reviews and ratings on Glassdoor to decide if Jefferies is right for you.