UBS FIG in NYC

I'm turning in my group preference soon and looking for some insights in regard to UBS FIG in NYC. Appreciate any comments on bankers, dealflow, exit opps. I'm interested in PE/HF down the road so PE/HF placement is greatly appreciated!

Thank you fellow monkeys.

 

lots of analysts from UBS got fired in past years UBS is kind of a sinking ship, so my recommendation is to try and get into a group that will allow you to lateral in to another group at a BB

i'm not sure how good FIG is at UBS, but as long as it's a top group within UBS, such as m&a, you should be fine incidentally, i have it on very good authority that UBS's FIG in asia is doing very well, so perhaps its also something to consider

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das:

UBS unlikely to fire analysts in the future and comp is up. much leaner org now.

unlikely to recapture glory days of the past but the ship is being managed better now.

that's what they said before firing their 1st yrs a few weeks before bonuses two years in a row

speed boost blaze
 
matayo:

lots of analysts from UBS got fired in past years
UBS is kind of a sinking ship, so my recommendation is to try and get into a group that will allow you to lateral in to another group at a BB

i'm not sure how good FIG is at UBS, but as long as it's a top group within UBS, such as m&a, you should be fine
incidentally, i have it on very good authority that UBS's FIG in asia is doing very well, so perhaps its also something to consider

This kid, who is still in college, never stops commenting on UBS threads.. You have no idea what you are talking about. Sinking ship? UBS is much leaner now than most of the other European banks. Do you read anything besides threads from three years ago?
 

@"on9j123": 4 out of my top 5 will probably be FLSF, FIG, Industrials, Consumer Retail. Debating between Healthcare and Power&Utilities for the 5th choice.

FLSF is a great choice, but I know no one from the group so I think I got no pulling there. I talked mostly with FIG bankers during recruiting and they were nice. Got a feeling that they wanted me in their group. I think it's a good group to be in, but as several people here pointed out, FIG might pigeonhole you and limit exit opps.

 

UBS FIG is quite strong. They've made a number of new hires, including two guys from GS and Barclays in the past couple months. The co-heads of the group are also very strong. Probably the coverage group that UBS has poured the most investment into over the past year. Great culture; intellectual, but still a bit fratty. Can't comment on exit ops, but exits have generally been good for UBS analysts over the past 2 yrs.

 
Best Response

A friend of mine (very smart guy, would not bet against him in an analytical corp fin engagement) interned there and is going back. He was pretty happy with it, hours aside. Think that exit options were part of his calculus. This kind of stuff can't hurt either:

Pay her head for 2013: CHF343k ($383k), up 3% on 2012.

Bonus pool for 2013: CHF3.2bn ($3.5bn) across the bank, up from CHF2.5bn in 2012.

Structure of bonuses for 2013: Senior staff expected to receive bonuses in contingent capital that will be wiped out if capital levels fall below 7% (as at Credit Suisse). Last year, UBS introduced bonuses for senior staff which vest over a five year period. However, a presentation accompanying UBS’s fourth quarter results suggests 88% of UBS’s 2013 bonuses will have vested by the end of 2016.

CRD IV changes: UBS preemptively hiked some salaries for senior bankers in May 2013. At that time, salaries rose by a maximum of 15%.

Happiness index: Smug, particularly in relation to Credit Suisse.

The truth is you're the weak. And I'm the tyranny of evil men. But I'm tryin', Ringo. I'm tryin' real hard to be the shepherd.
 

Is a strong group. Sarkozy's departure is obviously a big hit, but they have a deep bench in FIG with Halle and Company taking over.

FIG always has unique placement because your skill set is so specific.

 

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