How are Jefferies different industry groups ranked? I have an offer from Jefferies and want to get a sense of how the group I’m considering ranks in terms of overall reputation within the firm. Any insight would be appreciated.
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Healthcare/levfin are good and energy is elite. Don’t know much about the other groups.
What about TMT?
Bump. In a similar position.
Bump also curious
They are really strong in LevFin, one of the 5-6 banks right below the clear leader (JPM). This is simply because, at a very basic level, Jefferies is unregulated and can offer more leverage reads with full commitment to sponsors. Jefferies, as a business strategy, has used this strong LevFin business to win other business. Jefferies is best understood primarily as a LevFin bank that has successfully built out a lot of their industry groups with great hiring and very effectively taken advantage of their comparative advantage in the LevFin space. Still, the single worst bank to be a junior in culture or WLB balance-wise wise though, LevFin there is no different.
Edit: Before anyone mentions Energy, energy isn't leading a bank's franchise like a strong LevFin franchise is. I am sure Jefferies' energy is strong, but Houston is known as sweat central, and Jefferies is notoriously a firm that doesn't care about their juniors, combine those two... it must be actual hell on earth.
Have any insights as to lateraling into their LevFin group. Will be in a 2 year analyst program in a Corporate/LevFin group at a MM looking for the next move after, that’s not PE/PC.
LevFin bonerrrr
Work for a sponsor portco, and the way Jefferies pitches us for things is in large part due to their strong LevFin franchise. They provide sponsors financing and get M&A deals and mandates as additional fees, using that as the initial relationship-building block. Not hard to understand and something Jeffferies' seniors will openly tell you on the client side.
Anecdotally I've noticed the entire Carlyle PC team is ex-Jefferies levfin
Energy is the only group at Jefferies that is legitimately top of field. It isn't "right below the clear leader", it is the clear leader. When people rank "top groups" they're ranking them relative to their peers, which is what drives exits.
"Leaning on LevFin" is kinda dated for Jefferies anyway, the flood of people they brought over had their own relationships. And it's never really been true for energy, which inherently tolerates less leverage (cyclical) and whose success is much more driven by an expansive technical team. More dedicated petroleum engineers and geologists etc. than any other bank. They basically invented having one to support energy and have had it since like 2006.
This is the correct answer.
Sure, no one's denying that LevFin and Healthcare are strong franchises within the bank, but there are firms that are clearly better and you would take over Jefferies. For LevFin that would be JPM/BofA/GS and for HC obviously CVP/JPM/GS.
But for energy, Jefferies is indisputably in the elite category. If you wanted to stay in energy, no one's arguing with you if you take JEF HOU over EVR/JPM/GS, though you would probably never do the same for other groups.
Congrats on JEF LevFin!
These rankings are pretty well documented on the forum:
S: HC, Energy A: LevFin, PCA B: TMT, IND, M&A
Everything else after. Also these are for the US
you could probably move PCA higher unless it gets an auto-demotion simply because it's PCA
Their pca ain’t that good…head of the team left too
Anyone hear anything about ADG?
.
Any groups but RX
Can you explain more please
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