Hi everyone, I have a phone interview with Jefferies this Friday. I want to know if anyone has ever done or passed the first round phone interview with them. Please give me some advice on what to expect.
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Didn't interview for the A&D group so don't know how helpful this will be but I am joining Jefferies this summer. My interview process was a very technical first round and a conversational superday with 10 people from Jefferies across 5 interviews. This was for a specific group and thus questions were group/industry-specific. I would assume it would be the same for you so prepare for any specific technicals that are there for that group. Also, have a solid why for that because I got grilled on why I wanted that particular position in every interview I had multiple times. Show a clear intent if you will accept the offer cuz Jefferies I think likes it when you are slightly aggressive in showing you will accept the position. And because this seems to be for FT, I would also make sure to know deals that you can talk about from your past work experience.
Well, I'm a recent grad, so this would be my first actual job. Also, in terms of technical, do you think that it will be questioned like DCF, LBO...etc. I'm happy you gave me this advice, but one of my main problems is that; I can study for an interview and still mess up. How did you overcome that? If you experience that by any chance.
Didn't you have a SA gig at another IB?
See the key to studying is not to try and memorize it but to understand the fundamentals. Cuz that way, even if you are served a curve ball, the fact that you know the fundamentals will make it much easier to answer. yeah prep for DCFs, Precedents, public comps, LBOs (paper LBO), merger math (acc/dil),and Accounting questions. I am not saying all of this will be asked but better to prepare for the 1% chance it'll be asked than be caught off-guard when it is asked but you don't know the answer. Know deals that Jefferies A&D did and be able to talk through the rationale and the basic numbers.
Oh, I see... what group did you get into?
Don't wanna say but it was a group not in NY.
If I may ask, how would you describe the culture? Just out of curiosity
I know I might get some MS for this but honestly the people I spoke to, we bonded over various non-finance things (movies, travel, sports). Out of the interviews I have had everywhere, this was probably the most conversational interview I had. and I know I met only a handful of the group (10 out of 50+), but I really liked everyone I spoke to. This is not to say that this will be a sweatshop like experience, but the junior culture seems pretty good. And when you are working that many hours, you would want a group you fit in well with. So yeah, I liked the people I spoke to.
Just a caveat, though, Jefferies hasn't historically been a bank that's known for its culture, so definitely gett a feel of the group in the interview.
It seems like the culture is the problem. I was looking online. but you said it if I can find a great group I should be fine. I also hear that they pay below-market-rate as well. I mean they are a buy-side, right? they pay above?
They are not buy-side. But pretty sure they pay above the market (top bucket closer to 150k) or at the minimum in line.
Hm... I guess I kinds of got the wrong information there. But I'll definitely put my all into this interview. Hopefully, I get the position.
You’re interviewing for FT and you thought Jefferies was buy-side?
Is this for NY?
Yes
is this interview for Jefferies' 2021 full time position?
Yeah it's a full-time position.
are you a senior in college right now?
Damn I applied for January 2021 start. Hopefully they have some more interviews. Good luck
Interviewed for the group as well (first round HR). Typical first round, all behavioral, timeline, process and experience related questions. Wouldn’t sweat it unless you are actually speaking with someone in advisory.
You hear anything about second round?
No, was told this week or next week.
Jefferies is great gig. I interviewed w/ them for Leveraged Finance Capital Markets. They are a non-bank arranger and gained share post-Leveraged Lending Guidance (March 2013) https://www.federalreserve.gov/supervisionreg/srletters/sr1303a1.pdf.&n…; Regulated banks (JPM/BAML/C, etc.) pulled back on deals >6.0x leverage, and jEFF benefited, took share. https://www.reuters.com/article/jefferies-loans/lpc-jefferies-profiting…
Happy to send other insight but here's 1H20 and 2018-19 Jefferies left and right lead deals. Not too may A&D that I see actually/. But you get a sense of the kind of deals they are comfortable doing.. During the interview, we ended up discussing these Jefferies deals in 2018-19
NSO Group - LBO - Israeli Cyber firm (Hung deal @ 90.0 OID, flexed twice). Just google the company name, you'll understand
PetVet - for a B/B3 credit got a 1L TLB done at L+275 (wow) and 2L L+625. i wrote down some stats for that one - all the more interesting. PetVet (KKR LBO) Leverage 5.4x / 7.7x / $94 EBITDA,/ EV/EBITDA 16x
Other than that, they do a lot of the software deals too.
For Jefferies led COVID rescue financings, check out the deals with L+1,200 to L+1,300 area (Everi Payments, Golden Nugget (casinos), API Gaming (AGS / American Gaming Systems)
Oh wow, thanks. I'm assuming since it's the first interview it should be more behavioral. So I'll prepare myself for that.
Appreciate you posting this. Out of curiosity where did you get this data?
Got my 2nd round for the A+D group coming up this week. The group isn't even listed on Jefferies' website under IB coverages...where am I supposed to find past deals on the group? Any insight into the group itself would be great too.
Did you get a reply from them? When was that? What location?
Jefferies' corporate recruiter reached out to me a couple of weeks ago after I applied to a lateral analyst position in their aerospace, defense, and government group (based in Charlotte). Spoke to the recruiter last week, and an associate reached out yesterday to schedule the 2nd round.
As I mentioned previously - it's hard to find the group's past deals, so if anyone has insight to the deals that'd be awesome. Anything on culture/comp/etc would be greatly appreciated as well.
Honestly, I'm waiting for the same thing. I apply for the same position. Nobody reaches out to me. I guess that's a fail on my side.
Resume drops are a crap shoot man, just keep shooting.
Bump, A&D
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