Bump.

I'm not concerned about the culture. I know it's great.

But I would like more info on this group as well. I hear they have very good exit opportunities and I'm wondering if ppl in pe/banking think this will continue.

Did UBS match street level bonuses for analysts in 09?

And does anyone know about how they stack up against other FS or lev fin groups. Are they top 3?

 

I know one going to KKR out of FSLF this year as well.

I thought UBS was highly regarded as a levfin group given how well they place into PE.

I know BAML and JPM traditionally kill lev fin, but If you look at only sponsor based lev fin deals, which is probably all that matters for placement, where do you think UBS would rank? How can you have bad deal flow and good placement, that doesn't make sense unless you are GS and have that prestige factor.

jjpp18 is right though, i guess i've never seen a table indicated UBS had large market share

 

Because Im trying to decide between banks and how it will affect my potential placement into PE. If i took UBS I would want to be in their best group, which I think is FSLF, but i wanted to get more insight into how that group stacked up vs other lev fin/fs jobs on the street. I know MS sponsors is on top. But i don't know what comes after that.

 

i thought FSLF in SF was wiped out... a large portion of their office left and formed a boutique called GLC Advisors (www.glca.com), headed by ex-UBS guys. Their SA last summer had his offer switched to UBS LA.

I guess they're still around... but given that they've lost a large amount of their talent (including their global head of restructuring), I doubt they will place as well as they did before.

 

^ Yes.

UBS is a huge sinking ship (titanic style). They lost a lot of bankers all around including entire groups and even a division (healthcare + Lorello). An inside source says buyside hiring is pretty grim, though that may be a combination of both the bank doing bad and the current market.

 
Best Response

I can give you a little insight.

Firstly UBS Sponsors (and basically all other Sponsors groups right now, as far as I know) are not having as much work coming in as they did a year ago. This may impact recruiting in the short-term because there is a small chance of getting staffed and working on something live (which can be important for recruiters). UBS Sponsors since 2008 compares unfavorably to other BB groups but will likely do you better than the second-tier balance sheet bank crowd (WF, Mizuho, SocGen, maybe Credit Agricole as well) from a recruitment perspective.

UBS is not the only bank that combines LevFin and Sponsors; a lot of the aforementioned banks do (Mizuho and Credit Agricole, RBS, and some others). It is, however, the only BB that combines the groups as far as I know.

 

I personally know that this is probably one of the hardest worked groups for first and second year analysts. That being said, after you put in your hellish two years you have exceptional exit opportunities. Neil Fridman [email protected] 516-728-8280

 

Haha, how many accounts do you have bud?

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 

Not sure how much stock I would put in that - UBS was 12th in leveraged lending through the first half of 2014 (by volume), and has solidly been middle of the table for a while now. In addition, there is a pretty significant dropoff in terms of number of deals they are leading in comparison to those above them in the volume league tables.

MM IB -> Corporate Development -> Strategic Finance
 

Thanks, I think by fees they were 6th to the current quarter. Do you know anything as far as exit ops go?

Ambani - I only have one account, but I have been trying to get info on this group for a while now. This is probably my third post looking for info.

 

I was told the group suffered a bit after Chris Abbate jumped ship. That was a while ago, though, and I haven't stayed in the loop. Could be different now.

 

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