Jefferies IB Pay and Culutre?
Anyone could provide some insight into what the culture, hours and pay is like at Jefferies? I have heard from people that their pay for the past 2 years has been absolutely garbage.
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Heard its still a sweatshop
Heard pay is actually pretty good it’s just a terrible place to work.
Pay is terrible. Look at the bonus thread
Extremely sweaty
What does sweaty mean? And what's the pay? Everyone tell me that it's been pretty garbage pay.
Sweaty generally means that it’s an over worked toxic group, I think it comes from the term sweatshop. So most people say sweaty to mean shitty lol
Bonuses were bad the last 2 years. Tons of insufferable people in mid levels. Sharp elbowed seniors. If you want to suffer you might as well go somewhere that compensates you
I hate jefferies
DM Dick Handler on Instagram, I’m sure he’d respond
Search the forum. Jeff is featured plenty.
Former Jefferies employee - they used to be known for paying slightly above street (between BB average and EB pay) but since 2022 they've been paying in line with BB street if not below due to splashing the cash on guaranteed comp for lateral seniors. Culture varies significantly by group - Jefferies really has no unified culture due to high they have grown their franchise inorganically. Hours can get really sweaty in some groups, and other groups are relatively chill.
Ex Jeff in PE. Pay been ass last 2 years. Correct there is no culture, bullpen is fun though. Extremely variable by team let alone group. Jefferies doesn’t have clients, their MDs do, making them extremely sharp elbowed and territorial. Every MD runs their own business. This is true at every bank but ESPECIALLY true at jefferies. Pay will not improve for juniors / mid levels until the market turns around. Too much guaranteed comp for new MDs from BBs. Hours generally ass, but not as bad as hyped up on this forum IMO. Heavily group and team dependent.
Define bad - 70 a week?
Pay has been bad the last 2 years. Culture at most large groups is bad
What are typical hours / week in the HC group?
Also curious on HC
bump
What does bad hour mean? Also, is there a lot of execution or still a lot of pitching? What does pay at the aso level historically look like?
No one has mentioned the non comp benefits of being a Jeff employee, ie. the opportunity to dine with Rich Handler and hear his life lessons in person rather than just following his riveting Instagram stories
Doing tricks on it
Pretty sweaty.
Pay (bonuses) has been pretty low last 1-2 years as they are aggresively expanding (i.e. poached a ton of the Barclays guys in Toronto when Barclays closed down their Toronto office).
Pretty good industrials team I believe, can't speak on anything else
How is WFH for analysts? Is this generally accepted/allowed late at night to do work home?
Curious about this as well
Combination of low pay, terrible hours and trash culture. Why not apply?
How is HC team?
worst group in terms of WLB. 80-100+ hrs, toxic old school cutlure.
Pay is trash. Culture is trash.
Which group?
What is their 401k match?
The worst place to work full stop
As a client of Jeff, I think they overwork their juniors. It's the worst reputable bank to work in on the street, and the pay is bad as a junior. A great deal of experience, though, across the size spectrum. It's culturally bad now and always has been, will not change because it has worked great for the bottom line. Jefferies is one of the best banks to be a senior in and the worst to be a junior in.
Ive heard good things about Jeff based on rich handlers instagram, also litquidity on instagram always mentions great things about jeff all the time! I wonder why.... that must mean its a great place to work
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