Top Groups at Jefferies
curious about which groups are the best to work in at Jefferies, based on exit opps/ deal experience. I know everyone has a huge hard on for HC and energy, but I was wondering if there are any other solid groups there (specifically, how are M&A, FSG, and Industrials)?
The good groups at JEF I often hear about are HC, Tech, & RX
I'm also curious to know more about industrials & consumer/retail at Jefferies. If OP you are an incoming SA I will see you there next summer!
delete
Take with a grain of salt, but would rank groups I know of as energy, HC, M&A, tech, RX.
^^Thanks - forgot to ask, any opinions on Financial Sponsors? LevFin?
HC, Energy, M&A are top groups. I know several kids that placed very well in LevFin. I always got the impression Industrials was pitching more than other groups.
so would you say industrials is one of the weaker groups and should be avoided? or is it just that M&A, HC, and energy are the best, but industrials is still a fine group to be in?
Was in a product group at Jefferies and left last summer. Industrials reputation was one of the best in terms of culture and hours. Can't speak much to "prestige" but I do know at least some analysts that have left have placed okay in PE (First Reserve, HIG, etc.)
Calm down
Best Groups at Jefferies? (Originally Posted: 01/25/2013)
Hey everyone,
I will be having an interview soon for Jefferies' summer analyst IB position. I was wondering what are the best groups at Jefferies? Also, what are your thoughts about the firm?
Thanks for your help!
Healthcare and Energy
In addition to healthcare and energy (great in shale am overall bad ass): maritime and technology (multiple locations) are very good.
I think energy is the one I would push for most but it would probably mean you are in Houston and I can't imagine life anywhere but NYC...
Newest energy deal for Jefferies is sale of Copano energy to Kinder Morgan ($5bn deal debt included)
HC n Energy
very good firm, i'd recommend over some of the lower tier BBs depending on which office/group
PM me for more info if curious.
M&A and LevFin at Jeffs not bad either- seen both with some solid placement.
Best Groups at Jefferies (Originally Posted: 03/02/2014)
I've heard their tops are Restructuring, M&A, and HC. Any others?
How do these groups compare to those at BBs/top MMs? In terms of exits, pay, Bschool placement, etc.
Thanks!
Their energy group has solid dealflow
This... not sure how Jeff is structured (i.e. coverage vs. product), but energy and aerospace & defense are strong industry groups.
healthcare is also pretty strong from what ive heard
HC is basically UBS HC
Does anyone know how well JEF places into b-schools? (particularly H/S/W)
I know nothing about Jeff other than their energy group crushes upstream and pays bonuses out of their own (houston) deal flow - associate and above, at least. I've heard some crazy numbers come out of that office at the associate and VP level. Google ralph eads - quite possibly the highest paid banker on wall street, as rumor has it. Dont know how they do in any other energy verticals, though, and I assume the rest of the bank is a bucket shop.
Bump... any info on the New York Tech team?
healthcare
Jefferies Healthcare Group (Originally Posted: 08/14/2009)
I'm curious to know what people are thinking about the future of Jefferies' Healthcare Group. Will it be the next middle-market shop to break into the big leagues or remain middle market?
It will be big time, Lorello is as legit as they come. Unfortunately for those who joined Jefferies expecting a good time are in for a big surprise. Get ready to be working in the worst group on Wall Street.
They offered UBS 1st years in HC $60k guaranteed this year and $90k next year to come over. Even though this was at a point when people expected UBS' top bucket to be ~$25k only one accepted.
Lorello is going to turn it into a real player in hc. I'd heard quality of life at his UBS group was nonexistent.
I read on Dealbreaker that he literally takes attendance to make sure everyone, including MDs, are in at 9AM ... also he is being paid $50mm over two years guranteed.
Does anyone know who this Sage Kelly guy is that moved with him?
for ft, they're even recruiting separately from Jefferies IBD
Maybe for Stevie Cohen! For the rest of the folks on Wall Street, $50M is pretty sweet.
Maybe for Stevie Cohen! For the rest of the folks on Wall Street, $50M is pretty sweet.
drexel, you're in a very very different world if you think $25/year is not a lot of money. That's a ton of money. It's not "I have 100 planes and 50 houses," kind of money, but it's more than 99.99999% of the world is making.
~~~~~~~~~~~ CompBanker
And what exactly would have been a more appropriate number for a guaranteed contract for a move of such magnitude?
The last time I checked, the only pro baseball player that made over $25mm guranteed was Alex Rodriguez.
By the way Drexel, no one is suggesting $50mm is ridiculous ... the point was that he was offered a lot of money guranteed.
As per your profile, being that you were born in 1989, I find it shocking that you know the ins-and-outs of banking more throughly than other experienced users.
hahahahahahha drexelfag is such a fucking retard. kid, $1000 a year should be considered a lot of money for you, considering that your fucktard ass will be unemployed and making $0 a year when you finally graduate 20 years from now.
It's awesome how you boast about your private high school when the best you could do coming out of it was to get into tulane... what a fucking joke.
you're pathetic; get a life outside of this forum and stop masturbating to finance, plzandthnkyou.
Since my original point has been obscured and I have nothing to gain from continuing to argue, I'm leaving this to rest. If anyone cares to continue discussing, feel free to PM me.
Oh, and I just noticed that when I deleted my posts, it deleted replies as well. My apologies.
Why was this topic locked? Thread's already been cleaned up ...
Jefferies Coverage Groups (Originally Posted: 03/22/2015)
I know one can easily use the search function to find information on the groups at Jefferies (dealflow, hours, prestige, exit opps, etc). However, I was looking for an updated overview of some specific groups regarding those things, specifically the Healthcare, Consumer & Retail, and Industrials coverage groups.
Regards.
There's a ton of relatively recent stuff on WSO on Jefferies coverage groups via the search function but I'll fill you in on what I know:
Healthcare -- Jefferies kills it in healthcare thanks to its UBS hires several years ago. Mostly competes with BBs on HC deals and not really an MM group. The group has the best exit opps from Jefferies along with M&A and RX, do a linkedin search, you'll find mostly MM PE and a couple of HF.
Don't know much about consumer & retail and industrials. As far as I know the former is located in Charlotte NC. Not too sure about deal flow. Industrials has several recent billion dollar deals on their website fwiw.
tldr; Jefferies is top-tier within MM and has great MM PE exit opps. Top groups can have sweatshop hours.
Jefferies IBD SA - Groups (Originally Posted: 11/22/2015)
Hey all! ~2 weeks ago I received an offer for Jefferies' IBD SA program. Super excited - it's been a long, tough fight coming from a non target - and just signed my offer. I am from a non-target (top 30 school), so I don't really have reliable guidance from upperclassmen or the career center. I emailed everyone I interviewed with, thanking them for the and got responses from all. Should I use the time until the summer to network with people at the firm to get into one of their strong groups? As I understand, they have a generalist program, with Healthcare/Tech/Restructuring being strong (although this is purely from reading old threads). One of the M&A VPs/MDs I interviewed with offered to have lunch if I was in the city before the summer, so I am thinking I can voice my interest in rotating through their HC group to him. From speaking to bankers, I have an interest in M&A and Healthcare.
Or generally - what should incoming summer analysts be doing after accepting an offer? Continue to network or just relax? What are Jefferies' strongest groups?
I have used the search function on the forum, it just seems threads on this are a little dated, and I would love an up-to-date opinion. Thanks so much!
As far as I know energy and healthcare are their strongest groups
Healthcare is known to be a strong group, but the lifestyle is very demanding.
Yes, you absolutely should be getting to know the people there better in the coming months ahead of the summer. I may make a front-page post about this and flesh out some of the longer comments I've made in threads the past few weeks. To be brief, it separates you from the entire intern class. I remember being incredulous years ago as an intern when I found out few other kids took the time to do it. You come into the group placement process as more of a known quantity. It's easier for people in the group(s) you want to be in to say "Yep, let's take this kid" when you've been in the office twice over the winter, had calls with several people, and stayed in email contact.
I agree. It's always a good thing when you come into the group interview and hear, "it's great to finally meet you in person" or "WSbanker17, great to see you again." Really sets you apart from the others early on. Congrats on the offer!
Lifestyle is not a problem -- I went for banking because I wanted to work hard and learn a lot.
Thank you both for your inputs -- I'm thinking of visiting the office. I guess I am a little confused about rotational vs. generalist programs. If you make a post about networking before the internship, I think it would be very helpful for a lot of incoming analysts. But so far I'm just reading through your post history and it's very informative -- thanks!
Do you know if they're done recruiting for next summer?
I think that they are done in New York.
How do you know they're done in New York?
I spoke with an associate who interviewed me -- but he and I could be completely wrong. My apologies.
And thanks dcrowoar! I'm very excited - it's been a long fight.
Jefferies Groups (Originally Posted: 11/30/2009)
Other than HC which I know is a machine, what groups are considered the best in terms of dealfow, reputation, culture, etc? Any inputs are appreciated.
Only healthcare. Rest of the bank is pretty Piper Jaffray-ish.
They have the best and one of the only alternative energy groups on the street. I'm not talking about utilities, oil, nat gas. I'm talking about solar, wind... the VC shit. However this could be a very risky spot to start your career as you could spend two years learning about an ethanol type product then have all of your knowledge end up being completely worthless as it's viability plays out overtime.
Good Luck.
Jefferies Regional Offices and Top Groups (Originally Posted: 12/12/2009)
What's the genereal reputation of the Tech group in SF and the consumer guys in Charlotte that came over from Wells Fargo (Wachovia) a few years back? Do these groups have solid deal flow?
Strong MM, I think their best group is without a doubt Healthcare that they stole from UBS.
Do a google search on Ben Lorello. Interesting guy.
their NY office is the biggest, then prob LA
healthcare and tech are best. energy is good too, but healthcare is by far the best one.
How strong is dealflow in this group and reputation of the senior guys? I agree HC is the best but have heard the culture blows so not very interested in joining.
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