Investment Banking Summer Analyst

I applied through my school's on campus recruiting system (target school with a lot of alumni at UBS) and received an interview offer a few weeks later. First round was one 30 minute interview with an analyst and an MD, both alumni of my school, who were extremely friendly throughout the interview. The first half of the interview was fit questions like why i-banking, why UBS, tell us about yourself, when is a time you have failed, etc. I think the right answer to "why UBS"? would have been "because the firm has already made the tough adjustment to higher capital requirements, has an exceptional return on equity, and is highly regarded in the industry for its transformation and current level of growth." The second half of the interview was basic valuation questions, focusing especially on valuation relevant to my previous internships in private equity.