I know that this has been answered many times but was wondering how Wells compares to the lower BBs. Saw that DB had a pretty strong quarter and it seems to be expanding (don’t have much info on UBS) so would love some insight on their futures and the best place to be out of these three, thanks.
| +201 | 2nd casualty of BofA, 25 yo credit trader | 64 | 22h | |
| +187 | Associates not checking my work and getting mad at me? | 37 | 4h | |
| Am I insane? (NEED ADVICE) | 67 | 7h | ||
| +102 | How Much Parental Assistance Do People Actually Have? | 36 | 4h | |
| +93 | the new "email template" | 29 | 18h | |
| +91 | Is the Bay better than NYC, if so why? | 35 | 1h | |
| +79 | Why are UK, UK based and UK-countries related (India, Nigeria...) students so cringe on LinkedIn? | 34 | 58m | |
| +75 | Analysts bitching on WSO | 18 | 6h | |
| +64 | Fitness vs Traditional Watches (in Office) | 40 | 6h | |
| +53 | How is Northwestern? | 18 | 2h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
UBS/DB and it isn’t close
Instead of just throwing MS at him can someone offer a counter?
.
.
This question has been answered millions of times before. Why would you even ask it again if you are going to ask for nothing new? You didn't even say whether it was SA/FT, which group, what position, etc.
If you want M&A or coverage I think NOT Wells is probably a safe bet. Wells is decent in energy, I think. Wells also has very high volumes in LevFin, though they mostly stick to the safer (less interesting) deals.
I don’t really see wells leading any debt financings.. like what is everyone really working on? Internal credit memos?
I mean its pretty straightforward: UBS>DB>WF. Anyone that disagrees, works at WF.
As someone that does not work at a BB, it seems to me like DB is turning the corner and UBS is now the bottom BB. You think UBS is still clearly above DB?
this is false for the purposes of the discussion, Investment Banking deal flow. Too many people on this site conflate broader S&T and commercial banking performance with the quality of the investment bank. Just because DB and WF are having less scandals outside of the IB does not mean that they are suddenly better from a deal flow perspective - they have materially worse talent at the MD level which is all that matters. If what you want is quality deal flow, M&A work, and marquee transactions: UBS>>DB>>>>>WF
Yeah, and I think most people at a BB would agree.
The link below highlights why (DB not on M&A tables, and has significant revenues from their IG side - top 5 for investment grade debt) while UBS has much higher ECM and leveraged loan market share as well. I do think DB is improving, but UBS/CS are closer to the same tier than DB/UBS these days. Then WF at bottom.
http://graphics.wsj.com/investment-banking-scorecard/
As a WF analyst, I can give some clarity
if you’re going through the SA process, I’d shy away since the placement process is garbage. If you’re coming in FT and know what group then it could be different. E&P/FIG/LevFin are historically strong but the first two are niche and levfin isn’t wells’ specialty right now. If it’s really any other coverage group or product group then steer clear if you’re exit focused. Wells IG DCM is strong but it’s dcm so you won’t be exiting strongly.
It seems like the difference between UBS and DB is very group specific like a shit group at DB would be worse than LevFin/Sponsors at UBS and vice versa.
Also this job blows so also factor in where you like the people cause if you choose UBS Industrials cause you may have marginally better decent exits than DB industrials (solely illustrative I know nothing about those groups), you’re going to regret it because you gotta live with it for 2 years and exits aren’t going to be drastically different between these banks outside of select groups.
2nd yr anl at wf - came in for ft and can confirm. placement is way easier than sa
Thoughts on WF TMT NYC or WF Public Finance?
e&p has struggled lately and can be rough from an hours/culture standpoint which is why 70% of the bullpen bailed
That’s what I’ve heard too. It’s pretty odd though given that they’ve been on some of the largest E&P deals this year
can u pm me? (Incoming SA)
Thoughts on Wells M&A?
Eum in nulla ad. Optio aliquam debitis ea et.
Maxime aut explicabo aperiam voluptate commodi repudiandae nulla. Vel asperiores quam et perspiciatis occaecati eum magni. Ut impedit harum ducimus ipsam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quae occaecati est pariatur accusamus ut. Saepe aut vel et accusantium aut quas non sed. Quo officiis molestias sequi excepturi voluptatem illum animi. Excepturi molestias in vel sunt voluptatum officia ut laborum. Voluptatem eligendi soluta quos placeat quos a. Ut fuga quidem dolor repudiandae.
Voluptas optio molestiae aut magnam vel laborum ut. Debitis a totam laboriosam ab cupiditate incidunt exercitationem veniam. Blanditiis ea quaerat quia et. Voluptates numquam officiis occaecati omnis animi qui. Sequi neque quam vel vel minus. Rem ut magnam earum et doloribus voluptate modi ut.
A quod ut deserunt. Dignissimos fugit voluptatem aut rerum velit. Eum doloribus dolorem aut magni. Assumenda itaque laborum beatae quae. Alias aspernatur architecto et unde omnis maiores qui. Quam adipisci aut delectus illum.