i know they get made fun of on this board, but they seem pretty selective (Jefferies was listed #10 or so in most selective for Vault Guides). I assume 3.7 Ivy with finance internships are minimum for interview, but how much less selective are they really than BBs?
Are Piper/Jefferies Less Selective Than BBs?
Despite the bad reputation they get on some forums, firms like Piper Jaffray and Jefferies & Cp. are only marginally less selective than lower tier bulge bracket investment banks. It's investment banking after all, and these aren't bad firms.
WSO user @chimpb expands:
The 3.7 ivy number is off, there are tons of kids at bb's with 3.5s...some boutiques are more selective wrt gpa though. But the pipers, jefferies and cowens of the world are not much less selective than any BB.
A superday I had at one of these firms had kids from wharton and stern with two summers of BB experience. Most analysts at these places aren't shlubs either; more come from nontargets but they're generally bright and from good schools.
What most people on this board who haven't gone through recruiting (and some fools who have) don't realize is that interviews are mostly about fit. Which means they're random. Which means getting a job at one of these places is still hard. And it should be, these jobs still pay 100k out of undergrad and let you work on multimillion dollar transactions.
- Piper Jaffray Sweatier than Ever in 2018
- Piper Jaffray Which Office, Where is it Headed, Culture/Pay
- BB EB Ranking/Tier 2016
- Piper, Jeffries
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