Jefferies Technology IB
Will much appreciate any info on Jefferies, more specifically relating to:
- exit opportunities. Is there at least some degree of comparability with BBs when it comes to prestige and brand name ? I know it's not GS but still.
- deal flow ? Read somewhere they are expanding, so I am guessing there are working on a good number of deals right now ?
- salary compared to BBs ? Are they on par or lower ?
- Any ideas on who actually conduct interviews ? They outsourced the recruiting to cornell partnership but are the interviews actually conducted by bankers from the company ?
- Anyone who had the chance to attend a superday ?
Thanks a lot.
Jefferies tech group is on the rise. They hired some legit MD's during the recession and now their tech group is consistently competing with BB's for deals (much to the dismay of BBs).
The group will have good dealflow, exit opps will be there (mostly for MM PE/VC) or whatever else you want to do.
A strong group....look at their tombstones. When Jefferies acquired Broadview they got some strong tech bankers, maybe some/most have left by now but I am not sure. I'd guess that pay/exit-opps/hours are all in line with the BBs.
I don't think its in line with BB's at all, i see a lot more BB's at the better PE shops. I never see a jefferies there. salary is probably comparable though.
Also from what others have said on this site. You can't even compare since bigger PE funds look for the kind of experience you get at BB's. From MM's like jefferies, they have different experiences and go different exit ops.
I didn't say the exit opps were comparable to BB's, I simply said they are now competing more with the BB's for bigger deals, especially in equity and debt underwriting, so you will invariably get a good experience in the tech group.
Dayaam your logic is flawed. Analysts in GS TMT or MS Tech don't necessarily get a good experience. How is it that an analyst in Jeffries Tech would "invariably" get a good experience just because Jeffries is now supposedly "competing more" with the BB's for bigger deals? Your claim is a bit strong.
The exit opportunities from Jeffries Tech will be less lucrative. That is to say, you won't be working for TPG, SLP, KKR, etc. However, depending on what you want in a job, I wouldn't say the exit opportunities are necessarily worse than those from GS / MS.
Don't make me laugh. jeff and piper jaffray do not compete at all. This is hilarious. Don't even mention GS/MS in this.
1styearBanker, you really sound like the snob d-bag that you are with this comment.. there was no qualified reason to throw Piper Jaffray into the discussion
Jefferies is a middle market bank and has middle market exit opportunities. It's difficult to compare the two, but within the middle market Jefferies is top tier and I bet they place well into middle market pe. Comp is prbly lower than BB's, but not by much - especially at the junior levels.
And purely from a name brand stand point, Jefferies is not on par with GS or MS as the above poster put so eloquently.
Bankers conducted the interviews at my school and they were very typical. Superdays involved meeting everyone in the office - standard procedure for middle market banks - unlike BB superdays which can range from 4 - 8 interviews.
they're both MM, both made fun of. What else?
Well, again, Jefferies is providing a better service in technology than the Bulge Brackets, and they're getting more deals. In your world, if you work at a BB that's getting thumped by a MM because it provides a better service, someone with your perspective has gotta view this along the lines of a high-end Salon getting beaten out by $8.95 SuperCuts when it comes to quality.
Either the salon (you) can dismiss SuperCuts' (Jefferies') success and continue losing customers, or the salon can try and figure out what's working well at SuperCuts and see if it can improve quality. Maybe the hair stylists over at SuperCuts can teach you a thing or two about providing better haircuts.
Frankly, I think the problem is that your view is way too simplistic- not that you're getting thumped by SuperCuts. I know a lot of smart people working at Middle Market and Boutique firms and they take very good care of their clients. As long as you work for a firm where you can focus on providing the best service possible, that's probably more important than bulge-bracket and middle-market designations.
This comment is outdated, but I had to say that I really enjoyed this post.
I started reading through it as well, and did notice until I got to your comment. Great stuff.
TLDR
no one cares that some illinois kid works at jefferies and ur puffball "we provide good service" bullshit. i always heard rumors but i'm glad you confirmed how shitty and unprestigious you state school MM kids really are.
Actually, as stated, I work in algorithmic trading at a BB. In any case, please continue perpetuating the stereotype that the underperforming target-school kids provide plenty of entertainment for everyone else with their wild and unfounded assertions.
I wish you the best of luck as you continue to improve your reading comprehension.
I wouldn't be caught dead at a Supercuts. A friend of mine "accidentally" got a buzz cut there. He didn't leave his room for a month.
from what I hear jeffries is a very solid mm on the rise
1st year banker, you have been owned (coming from a neutral who enjoys personal spats like these)
It's not a personal spat. I'm trying to do for him what others have done for our analysts- get him to focus on performing his responsibilities rather than focusing on pedigree. If he changes his attitude about all of this and works on performing better, I wish him well.
So you worked for GS TMT and lost to Piper on "multiple" M&A deals?
Any more recent information on the group? Thinking about doing their OCR process...
bump
Jefferies Tech (SF/Silicon Valley) Competitiveness, Culture and Exits? (Originally Posted: 09/09/2014)
compared with other tech groups, relative positioning? Culture wise, move up or support people exits? What are the possible exits for the offices? (VC is my priority, PE 2nd, etc)?
Also, what are the differences between the offices? Thanks!
Basically in technology you are solving a lot of firm-wide IT issues. Doesn't matter the bank or office. I would say the SF office tends to be more competitive than NY because there are more people there competing for IT issues to solve to show the MDs that they are good at tech.
It's a sweatshop. I hear the group has a solid reputation though, especially in the middle market.
As always, these are opinions.
While Jefferies has made strides lately in the MM, they are very new to the tech scene and still have a marathon to run in terms of improving their brand name. Most of the decent exits from Jefferies have come from their healthcare group in NY.
If you have other options in SF, I would consider those for the VC/PE track. That being said, it's solid place to be if you're looking to stay in banking.
Interviewed here, have done much research on this specific group, networked and here's what I've found: guys/gals have great exit ops. Many go into great tech PE shops. Much better exit ops than tech group in NYC.
Jefferies Technology Foster City insights? (Originally Posted: 02/06/2010)
Hey has anyone interviewed with this group before (broadview, SF). Any insights would be welcomed
anyone?
No... but if you want to know about GS TMT or MS M&A, I can tell you about that!
thanks though but i only need info regarding Jefferies
nobody?
i just had the first round phone interview...dont know how long i should expect them to give me a call back
maddb218 - curious about the interview. Interviewing at a different office in a few weeks.
I have an interview coming up this week. I'll keep you posted, but I've heard that they have two on one phone interviews.
My interview was just a screen call with a VP for like 10-15 mins, havent heard back yet
anyone else had it?
is there anything in foster city besides foster farms? why is they tech group there?
usually Jeff interviews are very chill (in person), nothing to get tied up with
hahaha good one, but yeah more insights please and anyone heard back from them yet
anyone?
Jefferies SF Cleantech (Originally Posted: 03/26/2011)
Anyone know anything about the Jefferies SF Cleantech group? Dealflow/Lifestyle/Culture/Exits. Would it be hard to enter a TMT group as an analyst at a later time coming in from the Cleantech group?
SF is tight...
HUH
THESE OLD POSTS SUCK
FARTMAN
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