Jefferies SA IBD

Thank you. Think these are just left up on their website?

Bringing in around 40 summer analysts and 20 summer associates. Expect to work in 3-5 groups, but depends on need.

Also, I live in northern new jersey and 14 miles away from their offices. Is it reasonable for me to commute everyday as to save money on housing in NYC which can be exceedingly pricey?

No. I wouldn't recommend commuting in any banking position. The last thing you will want to do is get up half an hour earlier to get into the office. However, if they will pay for a car home to NJ during late nights that could be kinda nice. But, I would look into their policy on that.

I was considering either driving daily and paying for monthly parking or asking them about their policy concerning late night firm-sponsored travel. It'll save me a ton of money and it's only summer employment. Full-time employment, I'd be living in the city.

You'll be making like $1500/week and probably $1-2K bonus, and not sure if they pay OT, but even on that, throw down some dough on a place with some friends.

(double post)

to answer your question, deal teams are smaller. so more exposure in that sense but potentially more work and responsibility. so both good and bad. to be honest, i am not a big fan of the generalist program. you're going for breadth rather than depth. probably good groups to get in on are restructuring, LevFin, healthcare, shipping, media sees some interesting stuff too. tech is decent too, but tech is bigger/badder on the west than the east.

seriously do not recommend commuting.

Energy and Healthcare are the top groups, BTW. LevFin, A+D, and shipping are next, and they also hired a ton of FIG people recently I believe, if that's your thing.

Yeah I've read that they've been killing it within the healthcare, energy, and tech sectors although tech is somewhat limited...

As it is a generalist program, would it behoove me to make as many possible contacts within the groups I'm most interested in? Does there come a point where you are staffed to a certain group later on in the summer?

Do you not recommend either public transportation or commuting daily with a car? Keep in mind I live relatively close to their offices.

I'm taking a Jefferies SA offer on the west coast in their SF cleantech group and I'm debating the commuting/living in SF question as well. From previous analysts, it seems that living in the city would be best regardless of the costs. Developing the relationships from drinking with your team/meeting other company contacts is much more valuable in the long-term.

Btw, please don't troll but any honest opinions on jefferies SF cleantech group? I'm more of a TMT guy but I really liked the SF team; still thinking about potential Foster City tech for FT.

Last heard Jefferies is ramping up to 100 SA's (75 analysts and 25 associates). Try to network beforehand if you can so that you can better rank your groups. Jefferies energy is in Houston. To your last question, exposure is generally on the higher end, but it's better to temper your expectations as an SA.

the 75/25 number is spread out across the firm's geography, so there's not gonna be 75 analysts in NY (more like 25-30). The generalist program is great for getting used to several industries but after 2-3 weeks you find your niche and work with a few groups multiple times, especially the busy ones.

Culture is pretty great and some of the senior guys are very chill despite being very successful. Hours, etc. vary pretty heavily from group to group. They average on the lighter side for most but some of the newer, leaner groups are often 100+ hours. Modeling/senior exposure/deal experience is really luck of the draw, partly depending on your staffer and on your rapport with certain groups

Also, all of energy is in Houston, and it is JEF's strongest industry group but as an analyst in NY you're not working on those deals. Tech is split between NY and regionals (Boston and maybe SF)

not informed here