Jefferies SF Tech Over BB?
Does anyone have info about this group? Specifically interested in recent exit opps into PE/VC and deal flow since they hired all these Big time MDs from CS Tech about a year ago.
Currently a SA at a regional (not SF) office of a top BB and have a return offer. I'm looking to move to the bay and am very intrigued by this office because of their new hires. I think they're also moving from Foster City to SF which helps. My concern is that I'm taking a big risk at getting less PE looks because the Jefferies Brand is not nearly as strong as my current Bank. Any insight much appreciated.
Is trying to transfer to SF at your current bank not an option?
It's possible but would probably have to re interview
Idk I'd think about that process and ask around. Jeffries is a good place though and you're right, there are opportunities there. Also might want to consider a variety of SF TMT groups though too
RANKING FROM GO-BUY SIDE
The Dream Team : 1: PJT, GS, Evercore, MS, Lazard, Moelis
Warriors: 2: JPM, Centerview, Greenhill, Perella Weinberg Partners 2.5: CS, BAML ________________________Mega fund cut line*________________
3: Barclays 3.5: DB, Citi, Houlihan, Jefferies 4: UBS, Roths of the world like Liontree 5: Wells Fargo, RBC,BMO ________________________Don't even think about PE line_______
6: HSBC, Baird, KBW,Other no name boutiques, Regional bank IB like Key bank, Foreign banks with no deal flow like Mizuho/Nomura/SocGen
The entire Jefferies tech group moved over to UBS like 18 months so whoever is at Jefferies at the moment is in serious re-build mode. I think 4 MDs jumped over to UBS with a lot of additional people under them, gutting the tech group (which is probably what they are hiring right now. I'd hesitate to join for that reason.
This is entirely wrong. They hired 6 MDs from Credit Suisse 15 months ago to replace the departed MDs and add to existing Senior Bankers in the office.
@Overpaid Excel Jock" is on the money. They are doing way better than UBS is from what I've seen in the latest tech M&A activity.
Above average group for Tech you'd say?
So they’ve already transferred to sf. I’m currenrly interviewing and have spoken to one of the vc’s who came from Credit Suisse. Super humble hardworking guy who appreciates kids willing to hustle for it. Culture of the office seems great. Granted I haven’t worked there yet so YMMV, but if it comes down to JPM v BAML v Jefferies I’d have to think long and hard about passing them up. Who knows though, may get denied by everyone and work at Mickey d’s next summer.
just an anecdote, again this is hearsay....but I've heard the culture is brutal. I mean I am sure you know what you are getting into especially since you are coming from BB, but not only is it a sweatshop but the ppl apparently are pretty rude and brash. A guy I work with told me, about two months ago, he has a buddy that quit like a month before bonuses were paid, that's how bad the culture is. And this is recent, the guy quit over the summer. The kid was from a target and apparently quite bright but wasn't a fan of the culture.
Sorry I can't speak to the deal flow or the type of engagements they are seeing but figured I would provide this as some food for thought. Again this is hearsay, I never spoke with the kid who left Jefferies. This was for the SF team
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