Jefferies Hours? Culture?
Anybody have insight into Jefferies culture across the different IB groups? Hours, pay, etc.?
Also firsthand insight into clawbacks?
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Hours I would say are higher than average for many of their groups. I personally spoke to a senior person in their industrials NY group and it was literally the worst networking call I ever had (lasted only 10 mins and was full of one-word answers). I also spoke to people in Houston and tbh, contrary to popular belief, had a pretty good time speaking to many of the juniors and was able to connect about non-finance things. That's not to say that the Houston office makes the people work hard (have heard they run full-scale models even for pitches), but seems better than what I have read about on WSO about the group. Clawbacks are only present for lateral hires I believe, and pay is generally above street across cities for MM. Have heard Houston pay is very much above street but don't know how true that is. Healthcare and Energy are supposed to be their top groups but don't know the stance on healthcare given Ben Lorello just left.
Edit: Something that I think Jefferies has built a reputation on is financing deals which are super highly levered which the bigger banks won't touch because of the regulations and thus IMO I think that gives Jefferies an edge over other banks (the usual MMs don't do this I believe).
Thanks, I would be a lateral so I guess clawbacks would apply. I had a favorable interviewing experience though felt people were burnt out. What did you hear about hours, culture in terms of buyside recruiting, etc.?
At a target for Jefferies houston. It is a total sweatshop, unless somethings changed in the past year
Edit: that's not to say the juniors there aren't cool, but you will get worked like a dog
Oh definitely agree that it's a sweatshop. Have heard that analysts there say that themselves. But what I was emphasizing was that I personally enjoyed speaking to the juniors there. I even acknowledged that they get worked hard.
Btw, how do people at your target rank Jefferies for Houston?
Big emphasis on camaraderie at the junior level. May come out as “fratty” to some
This is a good thing. I never understood why ppl think this is a bad thing
I personally hated interviewing with them. Could not wait to get tf out of my superday
That's interesting. I had quite the opposite experience.
you must have been in aepi
Get ready to sweat
Would you say that's good if I am looking to exit after 2 years? Also, can one exit to UMM PE from Jefferies?
Quick look on linkedin will tell you that UMM and above is pretty rare. Are you asking if getting worked to the bone above the industry average is good? God help your soul
Could you provide more detail? Which groups?
Anyone know anything about the Real Estate group? dealflow, coverage, exit opps, culture
do you take jefferies over a lower BB
No
if you enjoyed your interview experience and can so yourself getting along with the group, yes. If you prefer the group at UBS/DB, take them. The major factor that will affect your exits/overall well being will be group preference between jef and db/ubs
Good group Jeff > Bad group lower BB, good group lower BB > good group Jeff. Overall edge to lower BB.
https://www.wallstreetoasis.com/forums/jefferies-are-these-rumors-true
https://www.wallstreetoasis.com/forums/jefferies-culture
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