All,
My roommate's younger brother is a sophomore at a semi-target. He has received an offer for an IBD summer internship with UBS and a a upper tier boutique consulting firm (Monitor / LEK / Booz)
He is very interested in investment banking and would ideally leverage the UBS internship for an upper BB or elite boutique for his junior internship, but is hesitant after news of last year's analyst layoffs and the news on Dealbreaker today about shutting down SF/LA. Basically he is worried that people will look at the consulting firm as very respectable and will lead to good opportunities for the following summer whereas UBS may not open as many doors due to the stigma associated with the name (have heard that analysts from there have next to no PE/HF placement so the name is definitely a stigma to headhunters).
Don't mean to make this another UBS bashing session but looking for honest feedback from someone who actually knows the situation over there (I have been out of banking for almost 2 years now, and didn't do my analyst stint at UBS anyway, so I have minimal info). Note that all of these opps are for NYC - understand that UBS shut SF/LA but perhaps NYC is still fine?
sophomores shouldn't be reading going concern anyway. that being said, take the consulting gig, especially if it's at a firm like LEK/Booz etc. If he is against both of those options, tell him to start reading goingconcern and make under minimum wage doing audit like me.
I'm not familiar with the UBS situation, but if he's interested in IB, then it sounds like an obvious choice. Unless UBS has no deal flow whatsoever, he should take UBS IB and learn as much as he can to move onto a better firm. After all, it is just an internship. And it sounds like he's a sophomore, which means this position (regardless of the UBS stigma) would look golden for his junior summer IB recruiting.
Let's face it UBS sucks right now, but he's only a sophomore who wants to do banking, and he doesn't need to worry about working there FT. They aren't going to layoff a sophomore kid either.
This is a great opportunity for him, and he should take the BB IBD offer.
Exactly. Not only can he leverage his internship at UBS for a FT role at a different bank, but he'll be able to leverage it next year during SA recruiting too.
I don't think he should be worrying about job security quite yet as a sophomore. I can't imagine they would be shutting down NYC between now and the end of the summer anyway
Why don't "these people" make accounts and ask on behalf of themselves!
I suggest Monitor.
They run a very efficient operation.
UBS - Offer for the summer (Originally Posted: 02/15/2007)
Does anyone know much about the summer analyst program at UBS? I got an offer for the summer and was wondering what the experience would be like? Also about the summer analyst compensation?
varies with office and group
comp is the same everywhere, basically FT salaries
longest training of an intern program..8 days (including a saturday)...weekly intern outings..booze cruise, chelsea piers driving range, bowling, etc...
they worked you hard but play hard as well
Gekko, im assuming you opted for another bank for full-time. May i ask why? Would you have any pointers for summers? How would you compare UBS to JPM, Citi, CS, LEH, and ML?
Gekko, im assuming you opted for another bank for full-time. May i ask why? Would you have any pointers for summers? How would you compare UBS to JPM, Citi, CS, LEH, and ML?
has weekly intern outings at analyst and associate levels....they're trying to sell the bank to you.
things will defintitely change once you start full-time. all work and very, very little play.
crimson, i swithced bc i found that banking wasnt for me and i was much more into s&T.
its kinda tough to compare the banks you mentioned as they are all on similiar levels (with LEH arguably higher and CS lower) and very group dependant.
If you go to UBS, top groups are M&A, Fin Sponors/Lev Fin, Healthcare (big time sweatshop though), consumer/retail (dont know if its still as good after the group head blair left).
hope that helps...
Does anyone have any specific comments about healthcare? I have heard 3am+ is the norm!
Know an analyst in FIG who says she has a good work/life balance compared to other groups. She mentioned that Healthcare people are miserable, and the best/most sought after group is M&A.
How does UBS LA program compare to UBS NY (other than generalist position)?
I imagine it is very similiar, but likely smaller. UBS is headquartered in stamford, ct on the east coast..with main offices in nyc. Despite this, the LA program seems to have be viewed more strongly.
is the best UBS office by far including M&A in NYC. That's because they get most high profile deals b/c they have rainmakers in the office.
My good friend is a 2nd year associate at UBS HC and he's in the office until 1:30-2 AM regularly. He said the analysts have it worst and are miserable. Most can't wait until their 2 year stint is over with. He's had countless stories of pulling 2 all-nighters in a row. His story is not unique as all analysts and associates are doing this. Needless to say, he gets compensated very well.
is arguably the best place to be on wall st (even over GS TMT AND MS M&A). As said, this is bc all the big hitters for UBS work out there (Moelis, raich, etc).
As scottt stated, they work hardcore hours but they all get top placement at great p/e shops
UBS IBD summer analyst experiences (Originally Posted: 03/22/2009)
Could anyone who has interned at UBS (Houston, preferably - but other offices are fine too) or knows anything that would be useful to a prospective UBS IBD summer analyst in Houston this year post replies?
Topics of interest: Work culture, post-summer FT offers, deal flow, perks, warnings, compensation, hours, helpfulness of seniors etc etc.
Solid bank down there--one of the top three in Houston. I interviewed with them for SA (didn't get offer), and really liked the people.
Have fun there. I'll be right down the road in another bank.
Sweet, thanks. I heard that the top 3 in Houston used to be Lehman, CS, and UBS. Do you know if that's still true? Especially in context of Leh now being BarcLehs? How is energy banking doing in general?
From what I've learned, the top three you mentioned are correct.
Then comes JPM, MER/BoA, GS followed by Citi/MS/DB with the MMs (Scotia/Tudor/Jefferies) sprinkled around.
As far as energy banking, for the most part it's ok. The guys I've talked to said they still have projects (mostly debt raising, however some advisory), but energy probably is in better position than other industries (Media, Telecom, industrials) for the future.
It's still true for the most part, especially in reference to BarcLehs. The Natural Resources Group was one of the first, if not the first, group that Diamond secured during the integration
is internship at UBS financial worthy ? (Originally Posted: 08/12/2007)
I've heard many people downplaying Prive Wealth Management field. I'm interning at a UBS financial, and mostly i do research on stocks, and mutual funds, ...
Is this helpful ?
thanks
better than nothing
who the fuck wants a handjob
UBS SA IBD (Originally Posted: 01/09/2008)
I have a phone interview for an SA position in the IBD at UBS coming up. Therefore, I wanted to know what info people had on the company (what they're strong in, how big there IBD is, what their focus is, etc.). Also, if anyone has interviewed with them before, what do they tend to ask?
Lastly, I was curious what people thought about the bank in general. Have you heard good or bad, how's the deal flow, etc.?
Thanks.
Is this for NY?
No, For China
I have one with UBS too, but it's for HK
UBS IBD Summer Analyst Class (Originally Posted: 01/26/2009)
How big is their class usually and whats was their offer rate this past summer?
bump
anyone know?
Are you referring to rotational soph program? Presidential I believe it's called? I talked to a recruiter, and she said she was not sure but would not be surprised if they took
Last year the total U.S. IBD summer analyst class was 120ish. The offer rate in New York was approximately 75%.
UBS Internship (Originally Posted: 10/02/2009)
I was recently offered a UBS Equities S&T internship for next summer. Just wondering what sort of prospects do you think there will be for conversion for analyst programs the following year, as UBS has had quite a bit of layoffs this year?
Wow such an early offer for SA position. But anyways I wouldn't worry about next year the conversion rate should be great, only this year's S&T Equities SA got screwed because the 09 Class got deferred to 2010, so the 2010 SA class didn't get offers at all.
Already!?
UBS SA Offer (Originally Posted: 01/16/2010)
Did anyone get an offer from UBS for SA from last week's superdays?
Less than 2 weeks to make a decision - doesn't really give much time to shot it around
Heard back late yesterday afternoon
Me too with good news -- you? Were you at the 1/13 or 1/14 superday?
Good news also, I was at the 1/14 superday.
nyc ibd is pretty much falling apart
yeah we don't exactly have much time to shop the offer around.
is UBS NY having full size (80-140 people) IB summer analyst programs or are they cutting back significantly?
I'd guess it'll be a full size affair, but the conversion rate will be low due to them worrying more about the top than the bottom.
bump
Does anyone know if UBS is doing another round of superdays? They are still going through OCR at my school
Yes, my first round interview is scheduled on 25th.
My first round is scheduled late this month as well
Same here.
It seems ubs has really gone down the crapper with the kind of kids it's interviewing, such as the above 3 losers who are all of below average intelligence and from nontargets. How desperate can a bank get? I guess we'll find out.
Why are you always so mean? Some of us come from nontargets and work very hard to get this far and to get interviews. as long as i'm not working with assholes like you i'll be fine
what schools do they go to? (the three posters above, not UBS)
UBS NY SA Recruitment (Originally Posted: 12/09/2010)
Hi guys, I am currently at a non target but I have a networking question.
Mid-october when i was cold emailing alum, a VP at UBS NY IBD agreed to speak to me whenever I was willing to call. Long story short, I never ended up calling this particular lead.
(1) is it still worth me calling on the 15th of december to "ask" how to get an interview?
(2) Do any of you know when UBS's SA apps are due for your campuses / in general?
Thanks
not in industry, second-hand info
Call right now. The sooner the better. Don't ask how to get an interview, tell him you're really interested in investment banking and specifically UBS and that you'd like to know more about the recruiting process/if he would be willing to help you. Know your shit about the company/industry and be ready for him to ask you interview-style questions. He might not, but be prepared just in case.
You may want to wait for another person on the board to agree/disagree with me. However, since its been a month since you first contacted him I would try and get back in touch ASAP. The longer you wait, the more likely he is to not want to help.
at my school resume deadline was today and interviews are january 20th
UBS IBD SA HK 2011 (Originally Posted: 01/26/2011)
Anyone heard offers from them yet?
Please let me know!!!
Have you heard back from them yet?
no...appreciate if anyone else can help!
offers go out the day of the interview (superday), if not then the day after.
UBS SA (Originally Posted: 02/04/2011)
Anyone know if UBS has started interviews for non-target UBS SA?
thx
Which office?
NYC
They are coming up here in the next week or two at our school. I am not sure on the exact date as I already accepted a BB offer.
My UBS SA superday in S&T for non-target was in early december, like the 7th last year. May be different this year but I doubt it.
Had my non-target SA superday a few weeks ago for the Stamford office. Not sure if that helps in reference to NYC.
UBS SA Internship Deadline (Originally Posted: 01/28/2013)
On the UBS website the applications for IB SA positions are still on there. I've seen in other threads that first round interviews already have gone out. There is no information on the UBS site about deadlines so I was wondering if it is too late to apply or not. Thanks.
I can't hurt.
Yeah - it cant hurt, in case someone rejects the offer etc, but usually they like to wrap up non-target recruiting (online apps) really quickly. Last year, they finished this recruiting in December
They are probably moving torward 2nd rounds and superdays now... However, give it a shot and see. Also regionals might move slower in recruiting..
UBS ny superdays already out. But echoing couch, regional offices may be behind.
ubs internship program (Originally Posted: 03/06/2013)
I know UBS is having there problems but what do you guys think of their internship program. And if any of you went through it what did you like or not like? Thanks guys.
Quite vague there. What department?
This is key. If you're at a non target, UBS IBD might be the best shot you have of getting BB experience since a lot of the elite candidates seem to prefer even the elite boutiques over it.
if it was your only choice then go with it. but honestly working at ubs is an opportunity cost. you could be at a better managed firm. at the end of the day you are aiming to get a full time job. why put yourself in a risky position?
heard they've laid off ~50% of their IBD analysts in the Americas over the last 12 months. just something to consider.
I'm not 100% on the department yet, hopefully ibd or something similar with ibd as the goal. I was just wondering what people thought of their program as a whole. I'm a simi-target. ubs operations did a ocr day but operations isnt really for me going by the people that came.
It's an internship. If it's IBD, then take it and don't look back. If it was full time I'd be more skeptical
ubs sa advice 0 (Originally Posted: 03/09/2013)
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