Anybody has info the Jefferies IB office in London? Looking for insights on deal flow, culture, best/worst groups, etc.
I know the London market has been brutal recently, but I feel like it still can't be worst than Toronto...
Thanks in advance!
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Based on the most helpful WSO content, the Jefferies Investment Banking (IB) office in London has a reputation for being a solid place to work, despite the challenging market conditions. Here are some insights:
Deal Flow: Jefferies' London office has been involved in a fair number of deals, particularly in sectors where they have strong expertise, such as healthcare. The firm's advisory practice, which constitutes a significant portion of its revenue, focuses on sell-side M&A, indicating active deal involvement.
Culture: The culture at Jefferies London is generally considered positive. An anonymous contributor mentioned that the horror stories about layoffs and work environment are not true, barring specific incidents. This suggests a culture that, while demanding, is also supportive and fair.
Best/Worst Groups: Specific details about the best or worst groups within Jefferies London are not provided in the context. However, it's noted that Jefferies is well-respected in healthcare, indicating that this could be one of their stronger sectors in Europe.
Comparison to Toronto: While the context does not provide a direct comparison between London and Toronto markets, the mention of London's market being brutal yet potentially better than Toronto suggests that opportunities and work culture might still be more favorable in London for some.
Remember, the perception of best and worst groups can vary based on personal interests, career goals, and market dynamics. It's always a good idea to network with current or former employees to get a more nuanced understanding of the firm's operations and culture in specific groups.
For more detailed insights or updates, consider reaching out to professionals within the firm or keeping an eye on recent news and discussions on platforms like Wall Street Oasis.
Sources: Jefferies Layoffs, Jefferies ER internships London, Jefferies 2022 Outlook, Guggenheim London, Moelis London?
Bump
Hiring a lot of associates - sweatshop for sure 3am normal
Would avoid unless there are other options.
Sponsor sellside shop. EV £300-1.5bn usually.
As others have said quite sweaty. Some very toxic characters at top.
High churn rate for juniors.
Exits are generally mid-market PE or BBs. Some EB exits.
Clawback provision on bonuses is absurd. Only really gets waived if you exit to one of their clients.
Top sector groups: Healthcare, TMT, Business Services,
Good M&A group but super sweaty and some very toxic Directors ("SVPs" and VPs)
US looks down on London as a "satelite" office. This sometimes bleeds into US staff attitudes there.
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