CS IBCM - NY
Are the NY IBCM teams likely to be retained?
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bump
bump
Following
No
what’s your reasoning?
Stop trolling if you don't have any concrete reason
UBS is bringing back a CEO who historically absolutely decimated IB. UBS IB is lean enough as it is, if you think they will keep even 50% of the CS franchise you must be dreaming.
Retained is a HUGE word. UBS has like 50 MDs in their IB. CS has 200. Numbers just don't add up
What about the juniors then
gone with the seniors most likely
Bump!
Assuming the deal closes end of June, when do you think the layoffs would be? Before, around then or after? Or maybe multiple rounds?
https://amp.theguardian.com/business/2023/apr/05/ubs-bosses-job-cuts-ex…
Interesting article to read about this—vice chairman said they need more people rather than fewer in the short run. I imagine it’ll be multiple rounds over the three years before the full integration is complete
Incoming CS Full time in NY ibd. Have an offer at a decent MM (think Nomura, Stifel, Key). Should I take instead?
1000000% yes
not even a question.
path 1: 100% guaranteed job
path 2: 75% chance you don't even start full time and have to frantically search for a job by end of summer
why would there be 75% chance incoming FTs not being able to start in June? The deal doesn't close till Q3
Didn’t u get an email from hr saying full time analysts are coming in?
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