I can't find this corroborated anywhere else, and JEF stock hasn't moved...anyone heard anything?

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
boutiquebank4life:
What is your source? First hand says that they're looking elsewhere. Or is this from your inherently amazing instincts built up over 2 months from your role as a prospective investment banker college student.
You said you heard from a friend at BAML? How is that first hand? We're talking Nomura/Jeffries here.
- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

First of all, it's spelled "Jefferies". Secondly, maybe because the guy had something to do with the pitch? I won't say more.

Not saying it's not a good move, just saying its probably not going to happen and its not because jeff's ibd is stronger. I mean look at Dean Witter (commoner) buying out MS, BoA buying ML, barcap buying lehman, etc.

 
Best Response
ra:
Better idea: they instead acquire an elite boutique (Evercore/Greenhill).

2 reasons: 1) Smaller investment (see market caps) 2) High profile deals, even if not that many - being on these types of deals is more important than doing a large number of mid-market deals if they want to become a bulge bracket

completely different businesses... plus shares controlled by employees....so would be very difficult to convince them. plus the guys who move to boutiques would not be happy being back at at BB...

 

Necessitatibus vel debitis reiciendis deserunt occaecati at veritatis. Aut et iusto modi dicta eos laudantium. Omnis et tenetur consequatur nulla velit necessitatibus nihil. Et dolor excepturi consequatur repellat qui qui aut. Delectus soluta eos iure est odio et. Repudiandae unde eligendi non incidunt.

Nemo at veritatis numquam reprehenderit dolores omnis aperiam magni. Architecto quos et dolor excepturi in. Nulla hic est voluptatem aut consequuntur. Sunt maiores modi voluptate fugiat nobis.

Quo et dolorem dolorum consequatur consectetur quo quod. Quos placeat quas aliquam tempore molestiae blanditiis. Aperiam omnis rerum debitis iure. Est dignissimos dolor facere. Doloremque eligendi corrupti dignissimos accusamus.

Consequatur natus sunt nisi. Dolore ipsa nihil neque et possimus odio dolor aut. Aut quibusdam ducimus laborum rerum. Aliquam eveniet quisquam nesciunt provident quibusdam.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”