Why do Canadians think working for Jefferies is such a big deal?
In the US, it’s fine. Not a BB, not an EB but fine. Bit of a sweatshop but otherwise great deal experience. I spoke to some Canadians and they think that they’re the second coming of Jesus Christ if you get a chance to work there. It’s kind of sad but also hilarious.
Based on the highest ranked content on WSO, here's what you need to know:
Perception of Jefferies in Canada vs. the US:
Cultural and Market Differences:
Networking and Career Growth:
Comparison with Local Firms:
In summary, the perception of Jefferies as a prestigious opportunity among Canadians can be attributed to the smaller market size, limited high-profile opportunities, and the significant career benefits associated with working at a well-known international firm.
Sources: Why Canadians get an MBA AND the CFA, This is a fuck-Jefferies thread. All my homies hate Jefferies., Bay Street VS Wall Street Investment Banker, Jefferies 2022 Outlook, CANADIAN 2018 Investment Banking Summer Analyst mini Thread
They're one of the few US banks with a presence, and US banks are highly regarded in Canada. BAML and Greenhill for instance; solid banks in the US but it's not CVP. And also because the US banks in Canada pay US comp levels which can be up to 50% more if it's in USD. It's very hard finding gigs, even in PE, in Canada that pay that kind of money.
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Ah, yes.
Shat on by college kids who can’t even land National. Such important opinions.
Silence everyone, the rising sophomore is speaking
“I go to ivey” “cool bro, name me another school I haven’t heard of” - most Americans. Unless it’s a US target respectfully don’t brag.
This is why everyone hates Ivey kids
Yes, the 7th year kid at SFU worships Jefferies Toronto. Most dont
Dude, do you know how much they're paying? Any idea what the guarantees were? No you don't.
If you did, you'd chop of one of your nuts to get in.
lolol
Looks like a Canadian problem.
Oh 100%. And that team will grind you. They were tossing out above market offers with guarantees like candy when they were starting to get running.
The comp package is attractive but it’s a result of them trying staff up to get going. In a few years they will slim down and conform to the norm. I worked opposite them on a deal recently and they kinda sucked - their bid was the worst put together and we didn’t take their client to the next round.
The analysts and associates that took their offers will benefit from the high comp in the short term until they purge, but the multi year clawbacks they have are insane so the sweat equity you put in is worthless.
Totally a short term play, I don't even think they're making those kinds of offers anymore. I've worked with some of that team before, very sweaty and demanding. Very much a "they'll make you earn every dollar" type situation. Mixed bag on how I think they'll do, some of the coverage guys have pretty decent relationships but as you said, execution is a bit mixed. Only time will tell I guess.
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