I have an offer from both, currently deciding what route to take. Heard BofA has a great culture / solid WLB and pays top of street. I also heard their EGRC group has great deal flow and is on the come-up, my offer is for a different group but should I try to lateral there?
On the flip side, I heard UBS is flying up the league tables, particularly in TMT. It’s widely viewed in my circle as the next bank “on the rise” to join.
Anyone have thoughts? Very tough decision for me.
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BofA FIG has great WLB but I would go with UBS TMT. More deal experience and a better culture.
Would go UBS. They forced out their long standing, well respected head of banking to allow Lehman bros to consolidate power. That will greatly help the business succeed (currently on track to hit 3-year growth targets set in 2023 in 2050 or so, just a little behind schedule but its fine).
UBS tmt is a nightmare. No deals, shitty culture. Any ANY bank is a better choice
Did an MD from the team get with your mom or something? This level of hatred appears irrational. Also, wasn't UBS Tech on 2 1Bn+ deals announced in the past month or so with Heidrick & Struggles take-private and the Veeco Axcelis deal? I am very confident there are worse groups/banks.
Tech is a great group if you want to join the ~35th best Tech Bank/Boutique in the US
Obviously a joke post, but answering as if real:
BoFA: You will get worked to death on live deaths. UBS: You will wish to work on live deals. As someone in UBS, frankly, around 1/3rd or 1/4th of analysts in a group get all the live deals; the rest just do useless pitches and materials. Pro of UBS is better pay and lower hours (on average) than BoFA, BoFA has better exits + actual deal experience.
BofA has better deal flow as a whole but their teams are massive. Less than half of analysts close a M&A deal over their two year stint, this is not hyperbole. UBS is just as bad if not worse.
Your pay/WLB will be better at UBS but you are less likely to get deals on your resume. BofA actually has a good brand and OK deal flow / exit opps, but you will rip your hair out over how little you get paid relative to the bank’s deal flow.
Both banks are not efficient or well run internally. Lots of loafers and uneven allocation of work.
All in all, I’d go with BofA if you’re at the start of your career. But once you get a few deals, gtfo to somewhere where you’ll be able to harvest some actual $$$.
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