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Citi > BAML > CS=UBS
Citi > BAML > CS=UBS
Depends on the product, I've
Depends on the product, I've heard CS FI is pretty baller.
UBS - no questions. I really
UBS - no questions. I really don't know what the last two posters were smoking, but I'll take $100 of it.
UBS are global number 1 in equities and have been for 9 years running. 1 in every 7 shares worldwide goes through them.
BAML - doesn't even need an explanation - just no.
Citi and CS - yeah great banks for other things, but S&T is what UBS does best.
I'd hit the above two bids in
I'd hit the above two bids in any size. Idiotic comments. Hope someone else on the markets side will set it straight for you.
anonymousman wrote: UBS - no
UBS - no questions. I really don't know what the last two posters were smoking, but I'll take $100 of it.
UBS are global number 1 in equities and have been for 9 years running. 1 in every 7 shares worldwide goes through them.
BAML - doesn't even need an explanation - just no.
Citi and CS - yeah great banks for other things, but S&T is what UBS does best.
Just quoting this so the evidence of your idiocy is there for the world to see.
I'll stand by it
I'll stand by it
yeah ubs is good stuff... but
yeah ubs is good stuff... but i guess depends on the products..
i feel citi and baml is more for ib and corp finance... when it come to SnT they arent as good.. so UBS for me
No offence to the above
No offence to the above posters, but everything I've heard over the last year seems to agree with AfricanPropTrader's comments. In FICC, Citi dicks on those banks above so hard, it ain't even close, and in Equities, there's been little to choose between them recently.
Also, when you compare Equities and FICC earnings in Q1 2010 for the above banks, it isn't even close. Apart from the surprise BAML FICC performance, that's how it's been for a while.
http://img263.imageshack.us/img263/7730/q1x.jpg
Also, you might find this
Also, you might find this thread helpful
http://www.thestudentroom.co.uk/showthread.php?p=2...
I used it when comparing the banks as I had to make a choice on multiple offers as well. Some noteable numbers for 2009
Bank - Equities (#rank) - FICC (#rank)
BAML - 4.9bn (5) - 17.3bn (4)
CS - 6.9bn (2) - 9.8bn (7)
UBS - 4.5bn (8) - (-0.5bn) (14)
Citi - 5.1bn (3) - 21bn (2)
Whoever mentioned above that Citi was only strong in corp fin. clearly has no idea what he was talking about. To put Citi's 21bn FICC revenue in 2009 into comparison, GS had FICC revenue of 24bn in the same year and Citi was the only bank who came near it.
For Equities, I would say CS, but I've heard the gap in Equities is closing between all the banks now (bar GS), but FICC is still dominated by GS, JPM, Citi, DB, and if Q1 is anything to go by, BAML as well.
Hope that helps :)
The banks are comparable
The banks are comparable enough that you should go where you like the people and think they'll take time to train you.
If you're going to go solely based on pay or intangibles, i'd say cs>baml>citi/ubs. CS doesnt have tarp, and has on average the best ppl, I think. And stamford is a dealbreaker for me.
your mileage may vary.
I agree with anonymous man.
I agree with anonymous man. I would take the opportunity to work on the biggest trading floor in the world any day. Not to mention UBS does have a very strong S&T. They are allegedly reworking their FICC group and equities has always been strong there.
" I would take the
" I would take the opportunity to work on the biggest trading floor in the world any day."
what difference does this make? I can probably get to other floors in my building faster than they can get to the other end of theirs. it's a cool pr thing I guess to have the biggest floor, but it's not a competitive advantage.
I'm not sure how many times
I'm not sure how many times we're going to have to rehash this nonsense... S&T is not uniform, even within each division (FI and EQ).
1. For example, working on UBS Foreign Exchange desk is a remarkable opportunity. The size of that business gives you so much opportunity to do creative things. But I would not give up a Citigroup Interest Rate Derivatives offer to work on UBS IR (note: these are both in Fixed Income...) Please refrain from comparing apples to oranges.
The point here is do not say "Fixed Income at XYZ bank is awesome and outshines everyone else", when the reality is there are certain business within FI that are making up the difference for deficiencies elsewhere.
2. All of you who are not currently in the business need to understand something. "Past performance is not indicative of future results" I say this for the following reasons:
1) justify UBS' performance recently. They are a strong business but that #14 ranking posted above is not a good indication of the profit potential for you as an employee working with a large book of business (again for example: on the FX desk)
2) Highlight the reality that some of these already profitable banks (like CS) have substantially more upside than banks such as Citi, and BAML. In all honesty, over the short-medium term, banks like Citi, BAML run the risk of losing business to banks like DB, CS, BCS. So please factor this into your decision.
In general what i want you to take away from this, is any one who posts a ranking in response to your question without qualifying their answer is either in the same position as you (looking for a job), or in the business but not in a place where they fully understand what makes a business profitable.
Jimbo wrote: " I would take
" I would take the opportunity to work on the biggest trading floor in the world any day."
what difference does this make? I can probably get to other floors in my building faster than they can get to the other end of theirs. it's a cool pr thing I guess to have the biggest floor, but it's not a competitive advantage.
And once again it is in STAMFORD
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock
CreditDerivatives is making
CreditDerivatives is making excellent points:
Regardless of how you want to subjectively rank these BB firms, it makes no real difference to your potential within the firm.
Most rookies love to talk about which banks are the kings of Fixed Income, but I have one name for you:
"Greg Lippmann"
(i'll wait while those of you who aren't familiar with the business go ahead and google him)
Another point i want to make:
http://optionsgroup.com/indexfiles/pdfs/OGWebsiteS...
go to that link and check page 7.
People move around on the street all the time, I really hope that those of you who do have fulltime offers or are currently analysts, do not believe that the firm at which you start really means anything. These guys swap employees as fast as they swap interest rates.
Poor BAML......Merrill was