Pros
- Pay depends on where you sit and how well you perform. Can get paid above street & peers, but will depend on how hard you work and a bit of luck - One of the last banks with an old school Wall Street culture - Jefco is a tough place to work, but your experience will allow you to to migrate to another bank or industry with ease - You'll learn to adapt, survive, and play office politics well - If your young and bring new talents to the table, you can outperform senior folks stuck in their way
Cons
- Lack of communication from management, lots of smoke & mirrors, hardheaded... - Sharp elbows from senior folks who are getting squeezed out...bank is incredibly top heavy. - WASP culture that can be annoying at time, but is being phased out - Long hours, below street pay if your not a top performer - Low morale - Upper management runs the bank like a hedge fund, they risk the employee bonus pool in exchange for higher management bonuses - Slow to change, very old school, technologically behind - Job security, you are not safe regardless if you're a junior or senior - PLENTY of egos