Jefferies IB Pay and Culutre?
Anyone could provide some insight into what the culture, hours and pay is like at Jefferies? I have heard from people that their pay for the past 2 years has been absolutely garbage.
Trending Content
| +319 | Looking to raise a Billion Dollar Fund - College Junior | 43 | 5h | |
| +319 | What to expect during your IB summer internship and how to secure the full-time offer | 19 | 4h | |
| +253 | It doesn’t need to be this way | 35 | 17h | |
| +187 | Career Bankers, Was It Worth It? | 63 | 1h | |
| +154 | Biggest gripe in IB: people with no balls | 40 | 13h | |
| +141 | MD Can’t Unplug | 40 | 3h | |
| +94 | 2nd casualty of BofA, 25 yo credit trader | 38 | 34m | |
| +89 | RBC M&A vs PJT RSSG | 14 | 4d | |
| +64 | BofA Assoc who died had sought to leave, citing long hours | 16 | 4h | |
| +43 | 4 Mistakes I Made As An Investment Banking Intern That I I Wish I Could Go Back And Fix | 7 | 3d |
Career Resources
Heard its still a sweatshop
Heard pay is actually pretty good it’s just a terrible place to work.
Pay is terrible. Look at the bonus thread
Extremely sweaty
What does sweaty mean? And what's the pay? Everyone tell me that it's been pretty garbage pay.
Sweaty generally means that it’s an over worked toxic group, I think it comes from the term sweatshop. So most people say sweaty to mean shitty lol
Bonuses were bad the last 2 years. Tons of insufferable people in mid levels. Sharp elbowed seniors. If you want to suffer you might as well go somewhere that compensates you
I hate jefferies
DM Dick Handler on Instagram, I’m sure he’d respond
Search the forum. Jeff is featured plenty.
Former Jefferies employee - they used to be known for paying slightly above street (between BB average and EB pay) but since 2022 they've been paying in line with BB street if not below due to splashing the cash on guaranteed comp for lateral seniors. Culture varies significantly by group - Jefferies really has no unified culture due to high they have grown their franchise inorganically. Hours can get really sweaty in some groups, and other groups are relatively chill.
Ex Jeff in PE. Pay been ass last 2 years. Correct there is no culture, bullpen is fun though. Extremely variable by team let alone group. Jefferies doesn’t have clients, their MDs do, making them extremely sharp elbowed and territorial. Every MD runs their own business. This is true at every bank but ESPECIALLY true at jefferies. Pay will not improve for juniors / mid levels until the market turns around. Too much guaranteed comp for new MDs from BBs. Hours generally ass, but not as bad as hyped up on this forum IMO. Heavily group and team dependent.
Define bad - 70 a week?
Pay has been bad the last 2 years. Culture at most large groups is bad
As a fulltime analyst at Jefferies I have to say that this is indeed true
What are typical hours / week in the HC group?
Also curious on HC
What does bad hour mean? Also, is there a lot of execution or still a lot of pitching? What does pay at the aso level historically look like?
No one has mentioned the non comp benefits of being a Jeff employee, ie. the opportunity to dine with Rich Handler and hear his life lessons in person rather than just following his riveting Instagram stories
Doing tricks on it
Pretty sweaty.
Pay (bonuses) has been pretty low last 1-2 years as they are aggresively expanding (i.e. poached a ton of the Barclays guys in Toronto when Barclays closed down their Toronto office).
Pretty good industrials team I believe, can't speak on anything else
How is WFH for analysts? Is this generally accepted/allowed late at night to do work home?
Combination of low pay, terrible hours and trash culture. Why not apply?
Sit sed vero alias recusandae deserunt magnam officiis. Id voluptatibus quia quasi qui odit vel animi et. Deleniti quo dignissimos doloremque eligendi recusandae.
Omnis qui ut suscipit facere inventore rerum. Fugiat sit voluptate et in nihil sint dolore.
Dolores ratione dolorem reiciendis corporis voluptatum explicabo accusantium. Excepturi sunt et dolor numquam fugiat. Velit iure sint aut quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Nesciunt totam corporis aliquid sapiente et amet autem qui. Dolor explicabo accusamus explicabo optio aut. Magni ex sed perspiciatis eveniet. Adipisci praesentium quaerat ipsa sunt explicabo quos. Deserunt amet similique voluptatem quo neque aliquid.
Est quas itaque consequatur dolorem iusto pariatur. Alias officiis qui labore ut aliquid qui. Rerum consequatur aut nam et doloremque quis et. Et incidunt quam quaerat maiores a eligendi. Quis sunt est quas et debitis. Quis vitae animi sapiente omnis magni.
Nihil magni exercitationem est alias exercitationem. Omnis est odit rem nulla quisquam nisi. Quia aut aliquam quasi nam dolorem illo error repudiandae. Consequatur vel et voluptatum ipsa recusandae aut nemo. Consequatur tempora maiores quidem et in impedit. Rerum asperiores aut minus minima consequatur voluptate vitae. Et veniam mollitia et molestiae qui minima facere et.
Debitis beatae autem quia placeat dolores soluta. Sit recusandae sint sed facere rem sint. In omnis fuga velit dolorem velit doloremque. Expedita corporis quae sint aut eligendi. Aut modi quibusdam ea iusto consequatur velit laboriosam. Et et necessitatibus similique dolore et.