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April 30, 2024
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Hi Hedgehog68, I recently accepted an IB SA offer from UBS's APAC offices in HK. What's your opinion of their operations there? I've heard from multiple sources that UBS is very strong in Asia, but I'd love to get your opinion on it.
Congrats man! I don't know much about UBS Asia but I have heard the same thing that UBS is top tier there. They have consistently held that reputation over the years and it is certainly a good place to be. Sorry cant be too much help, I don't work there!
That's awesome, thanks! All my UBS interviewers told me that they're making it rain over there, but of course they'd say that.
UBS Asia is solid. UBS US has suffered, and is possibly still suffering, from an exodus of top dealmakers to rival firms. This is a fact- losing multiple group heads (including a Vice-Chairman) over the span of months is not a sign of health in an investment bank. Anecdotally, it seems that UBS' reputation among junior bankers has also deteriorated significantly, to the point where it's generally considered among the least desirable of the bulge brackets as a place to work.
But I wont argue that UBS doesn't have the 'prestige' as other BBs. All I am trying to convey is that that doesn't mean it isn't a solid bank and a great place to work for people who are starting there. The comments such as yours scare people away when they constantly read it on WSO. I agree that it is certainly happening, but it is affecting a lot less than you think. From what I have seen (a lot of friends here), UBS NYC is still full of targeted students and pays interns/first-years the same as any other BB.
UBS is done here...
They are going to spin off their IB and become a wealth management firm. I suspect this article is just PR coverup...
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