JEFF Generalist vs. Specialist SA

Seen a couple of NY non-generalist SA positions with Jefferies (FIG and PCA). Has anyone ever been in these programs? How does the experience differ from the generalist program? How's the return rate and sponsorship policy?Many thanks!

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Went through the Generalist SA, but have friends in specialized groups. FIG is pretty hardcore. The firm is working their ass off to build out the division. They hire to give everyone a return offer, which is pretty nice. Same w/ PCA, and PCA is often involved w/ recruiting from the generalist pool for like one or two interns. PCA is top of the street w/ evercore because they poached the shit out of Greenhill a few years back.

The generalist internship at jefferies has some pro's and cons (much like any other generalist internship):

1. You're working with a lot of different groups, which has its own pro's and cons, but your ranking of #1 is a MASSIVE factor by the end of the internship. You need to find the right fit for you, and more likely than not its not with the "prestigious" ones.

2. Each group has its own culture. Groups are often poached when MD's are poached, and so its important to realize (much to the disgruntlement of WSO) that the culture in M&A or healthcare is not firm wide. Jefferies RX is a Dartmouth-fest but really nice, Jeff PUI loves Crypto (for some reason unbeknownst to me), etc etc. Healthcare is Traumatic because of deal flow, and M&A is pretty toxic ngl. (Shoutout industrials, gang gang).

3. Jefferies sponsors international students. Generalist Return offers range, but while technically they hire to give everyone a return offer, you need to be strategic with your placements as while the firm as a whole technically can hire everyone, there are hiring limits that the MD's and HR make. (I.E. say 10 spots for industrials, or 17 for HC, or 5 for LevFin b/c credit markets are trash rn (Those numbers are made up I forget the exact ones)). So be careful and gotta play the system.

At the end of the day you need to like the work and the people, fuck the prestige. Theres a million and one ways to make a million dollars, and if you get too focused working for prestige you won't be happy in life. And if you get an offer for generalist HMU i'm happy to talk. 

 

Pretty sure its like 100%. They hire interns to hire full time. Culture - work your ass off, and try to control mandates even though it wasn't your connection that brought in said mandate (I have beef)

Exits - No clue. Probably PE and the normal suspects. FIG has a hard wrap because its normally harder to get into PE b/c the FIG industry is so cemented.

 

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