So... what is the impression of Jefferies nowadays?
I remember back in the Leveraged Sellout days, Jefferies was the brunt of most WSO (IBO back then) jokes.
What about now? Jefferies has grown since then, and it's deals are bigger than before.
http://www.jefferies.com/2010notables/
Is Jefferies seen as an up and coming bank (i.e. the next Bear Stearns minus the bankruptcy)? Or is it still seen as a primarily MM bank? Who would you consider to have practices of a similar scale and quality in the US? BNP Paribas? Macquarie? UBS?
Yeah, I did intern at Jefferies, but I am joining another bank. Just curious mainly.
Jeffries != Piper Jaffray
Joke?
yeah... the title is a joke, but the post is a legitimate question...
btw, it's spelled jefferies.
I am a little confused... what bank are you talking about? Piper Jaffray? Jefferies? Are you sure you interned there?
I think the OP's post title is intentional (to make a reference on how piper jaffray gets ragged on in WSO, the way Jefferies got ragged on in LSO)
http://www.wallstreetoasis.com/forums/piper-jeffries
just answer the question please... anyone...?
It wasn't a joke was it? You're so ignorant it's almost cute...almost.
Jefferies is a solid bank. Good healthcare and energy groups specifically.
Of course the college sophomores will come in and proclaim it is shitty and banking isn't worth doing unless you are at GS TMT or MS M&A but most of them probably won't even work in banking.
Leveraged sellout made fun over everything, from Jefferies to Cornell to Georgetown to even Hellman & Friedman
http://www.leveragedsellout.com/2007/04/only-87-tool/
"Please note that you did score an 87%, which is nothing to be ashamed of. It turns out to a B+ with our generous scaling, and you know what they say—at least you won’t be lonely at the fat part of the bell curve. We only take A’s though. Have you considered a position at Hellman & Friedman?"
Jefferies is absolutely kicking ass this year, taking top talent from everyone, and running up the league tables ahead of any other so called "middle market" bank. The BBs have been losing more and more business or end up co-advising alongside Jefferies, so before you dumb fuck wanna be bankers sit and act like you know anything about the street as if you're an MD at Goldman Sachs TMT, shut the fuck up and graduate.
^ oh look its 2 accounts of the same guy who works at jefferies.
^oh look its an insecure douchebag.
I'm at your dream BB, credit suisse. sorry u work at piper jefferies. maybe you can transfer to fifth third or B&T.
jefferies is getting better and rapidly expanding. We'll see how it pans out for them
At this point I'm not even sure Jefferies considers itself a middle-market -- unlike MM focused firms like William Blair/Baird they never mention MM on their website, presentations etc. They are really trying to focus on competing with the bulge brackets, and they are doing extremely well if you check the website. All the bankers they pull are from bulge brackets rather than MMs, and they have done several multibillion dollar deals this year.
all bankers at crap boutiques were burnout bb bankers. look at financial technology partners for example, or wiesel or hsbc.
Does anyone know if lindamas is a female?
Regards
id take ubs over jefferies still. gotta go with the BB. jeffries over the rest mentioned (maq, rbc, etc.) though.
hsbc isn't really a boutique... and who wouldn't be burned out after working 100 hour weeks?
HSBC is one of the biggest companies in the world, if not the biggest. definitely not a boutique
Some great comments on here guys, if you like trolls
About to be bought by Nomura...
Another win for their energy group...
http://www.bloomberg.com/news/2010-11-09/chevron-agrees-to-buy-appalach…
Their Energy group is killing it this year
Piper Jaffray NY (Originally Posted: 10/31/2006)
What's the deal with this place?
They blow?
Aren't they based out of Minnesota?
Piper Jeffries (Originally Posted: 11/10/2009)
I think that if the two worst ibanks in the world merged, it would be named Piper Jefferies.
haha. best. post. ever.
.
Don't forget the PJ from PJ Solomon.
PJ Houlihan Piper Jefferies Suisse.
Dont' forget Silver Lane, RBS, BNP paribas and RBC.
PJ Silver RBS Houlihan Piper Jefferies Douche RBC Paribas Financial Technology Partners
Piper Jaffaries.
Thoughts?
Pipernancial Jeffery Partners
haha I clicked on this post thinking it was someone not knowing the real name.... funny though
Piper Jaffray - How is deal flow and culture? (Originally Posted: 04/22/2009)
Their going to recruit my school next fall (hell yeah at least one IB!). Has there been a thread about them? If not any and all thoughts would be good, especially if you've been an analyst there. Deal flow, culture, recruitment process, good groups. I'm looking at tech group or m&a.
Lehman used to recruit at your school as well...Piper is public, has a very good covering the recruiting process...the search function should provide you a good overview of the culture...they wacked their Chicago offices pretty good...
Wow..you seem pretty excited, well I hope you get a position with them.
that was a very Piper Jaffray-ish reponse
I couldn't find a thread, and I'm interested in hearing about Piper Jaffray too.
Any insights?
read the LSO ... but take it with a grain of salt ... the world has changed
Piper Jaffrey is a great firm if it hires...haha
Does anyone know which offices have traditional investment banking and which are focused on only public finance? Ie: Their LA office is only pub finance and I believe their SF office is M&A. Thanks!
-
Piper has been on some pretty high profile cleantech deals lately. They are definitely making a name for themselves in the space.
As the others posters have said, Piper has carved out a good name in Cleantech, mostly because their solar team headed by Jesse Pichel has done some good work in the space. They seem to be involved in most of the deals in the solar at least although the bookrunners for A-list IPOs will still be GS/MS/JPM most of the time.
Dude, you just revived a thread that s 18 months old...
Piper Jaffray - Anyone? (Originally Posted: 02/24/2008)
Has anyone heard from HR about summer analyst for PJC, specifically the MN office? I'd really like to work there (I know, Minnesota...right) and was hoping I'd have a shot for the summer...
It says this on the internships part of their site:
"Internship recruitment for 2008 is now complete. Online applications for 2009 internship opportunities will be available beginning in January 2008."
I guess that means they are done for this summer.
I saw that too. Thing is - I have a high up connection pulling for me, and thought I would at least get a response from HR. I wasn't sure if they just put that up because they aren't accepting applications anymore...who knows.
They might not even let you know. A friend of mine who went to final rounds with them last year didn't even get a call to say he didn't make it.
Last year they began interviews in march, so I do not think that is true (at least for the trading position I interviewed for in MPLS).
Last year they began interviews in march, so I do not think that is true (at least for the trading position I interviewed for in MPLS).
That's a little encouraging at least...I figured their recruitment would be a little later than others to allow a little trickle-down from people that didn't get BB offers.
Anyone know what their culture in MPLS is like?
bump. anyone?
Its the same as the midwest in general. More laid back but still down to business
accepted another offer already, but thank you
Piper Jaffray - 2 year analyst program? (Originally Posted: 12/28/2009)
How common is it for Piper Jaffray/MM bankers to move to KKR or Silverlake directly after a 2 year analyst program? Is it doable at all?
Very uncommon. Anything's doable, but without serious connections, it's next to impossible to go from a MM bank to a megafund.
It is somewhat night and day...the MM focused banks place well into MM funds because the analysts understand the deal process. The same can be said for the BB firms, they will place well into Megafunds and larger middle market funds because of reputations and exposure/type of deals that they work on.
With that being said, if you have a great connection into one of those places it is doable potentially, but similarly to undergrad and b-school recruiting those places tend to focus on a small number of groups at a few banks (GS TMT and (MS M&A/Tech M&A included)
goalieman688's assessment is spot-on. Much of it has to do with familiarity with the deal process, the types of companies that are involved, and to a lesser extent the people on each side of the table.
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