One of my friends interned there before going to another bank so this could have changed but industrials was the hardest and levfin worked a lot on the weekends. TMT is the best group in terms of deals. Consumer had good hours and w/l balance
Groups are sweaty across the board. Culture varies by group - Levfin has long hours but good mentorship and training. Industrials is good experience but terrible culture. TMT is fratty and has great deal flow.
Would say top groups are, in no order: TMT, LF, GIG, CP&R given management's focus on developing these groups. But banking is banking so pick your poison
My friend in LevFin got Absolutely murdered on the 2 deals he worked on, but apart from that dealflow was actually not so good so he would mostly come home at 9pm, sometimes earlier, with very minimal weekend work
Hopefully some good color below, in no particular order. Would note that despite the terrible recruiting videos UBS has taken market share in nearly every group and is nearly back to the early 2000's-2012 era when all the big name bankers were at the firm:
TMT - Extremely good momentum, lots of good sell-side creds lately but like all TMT groups across the street very busy. Most seniors seem very good. Tech has part of group in SF, not sure how the split of work is divided at junior level b/w offices
Sponsors/LF - Primary fee driver given UBS is pretty sponsor dependent, been getting crushed with low rate environment refi/repricings in addition to high LBO/M&A volume. They recently split the team into sector "pods" where analysts cover 2 of 3 sector pods and associates are only in one sector pod
CPR - Historically not the marquee UBS group but seem to have good momentum lately, Michael's was a big UBS sell-side recently
FIG - Worked with this group the least, pretty limited interactions so cant comment much
GIG - Seems pretty industry dependent, some industries have great senior bankers and deal flow it looks like.
HC - One of the smaller groups at junior levels, strong momentum. Very busy lately on both IPO/SPAC side and financings
RELL - Appears like great culture, havent done any deals personally. Apparently the gaming industry bankers have the prized coverage (Vegas trips for work...I mean come on)
DCM - Obviously all IG transactions, closer to market hours but busy lately. Again, UBS is heavily sponsor and portco dependent so not as many IG/big corporate clients
ECM - Been crazy busy with SPAC frenzy and lots of IPO transactions, with a bit of a pause on SPACs returning more to average hours. UBS is typically to the right on equity transactions but good momentum lately (esp. with SPACs where UBS was at forefront)
Referring to the pre-Ermotti/Orcel days when the like of Moelis, Effron, etc. were all coming thru UBS and it was much more high profile than it is today
Looks like they are hiring for Sponsors and LF as separate groups? Do they operate independently? Also, despite being busy with LBO/M&A volume does the sponsors group have a good culture?
Can anyone opine on FSG's exits as well? Seems like they should be good with a good LevFin team
You’re cross staffed as an analyst so work on both (roommates internship was there). Good culture and longish hours. Probably worst at the bank is industrials and m&a from what I’ve heard
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Have a friend in FIG. I would think he works at a place with good culture and hours
I always thought UBS FIG was fairly sweaty but interesting to hear it isnt
It might be idk. I’m just saying one friend who I believe works there now has been someone who has been good with hours/culture. Idk more than that
Buddy in a coverage group avg’d 40 hrs
Not kidding btw, if you want one of the best WLB on the street, you should check out UBS Houston
is it because they have absolutely zero deal flow? Why do they even have the office if it is not producing results?
What coverage group
Only O&G (a part of the greater industrials)
One of my friends interned there before going to another bank so this could have changed but industrials was the hardest and levfin worked a lot on the weekends. TMT is the best group in terms of deals. Consumer had good hours and w/l balance
Groups are sweaty across the board. Culture varies by group - Levfin has long hours but good mentorship and training. Industrials is good experience but terrible culture. TMT is fratty and has great deal flow.
Would say top groups are, in no order: TMT, LF, GIG, CP&R given management's focus on developing these groups. But banking is banking so pick your poison
I have spoken to people on the GIG team and they all seem pretty nice and mentioned the culture was positive.
also one of the sweatiest groups at the bank
Big difference between saying stuff to recruit talent for a group vs. the actual experience.
My friend in LevFin got Absolutely murdered on the 2 deals he worked on, but apart from that dealflow was actually not so good so he would mostly come home at 9pm, sometimes earlier, with very minimal weekend work
Hopefully some good color below, in no particular order. Would note that despite the terrible recruiting videos UBS has taken market share in nearly every group and is nearly back to the early 2000's-2012 era when all the big name bankers were at the firm:
TMT - Extremely good momentum, lots of good sell-side creds lately but like all TMT groups across the street very busy. Most seniors seem very good. Tech has part of group in SF, not sure how the split of work is divided at junior level b/w offices
Sponsors/LF - Primary fee driver given UBS is pretty sponsor dependent, been getting crushed with low rate environment refi/repricings in addition to high LBO/M&A volume. They recently split the team into sector "pods" where analysts cover 2 of 3 sector pods and associates are only in one sector pod
CPR - Historically not the marquee UBS group but seem to have good momentum lately, Michael's was a big UBS sell-side recently
FIG - Worked with this group the least, pretty limited interactions so cant comment much
GIG - Seems pretty industry dependent, some industries have great senior bankers and deal flow it looks like.
HC - One of the smaller groups at junior levels, strong momentum. Very busy lately on both IPO/SPAC side and financings
RELL - Appears like great culture, havent done any deals personally. Apparently the gaming industry bankers have the prized coverage (Vegas trips for work...I mean come on)
DCM - Obviously all IG transactions, closer to market hours but busy lately. Again, UBS is heavily sponsor and portco dependent so not as many IG/big corporate clients
ECM - Been crazy busy with SPAC frenzy and lots of IPO transactions, with a bit of a pause on SPACs returning more to average hours. UBS is typically to the right on equity transactions but good momentum lately (esp. with SPACs where UBS was at forefront)
How about M&A?
This post is laughable.
Very helpful comment, thanks for contribution
"when all the big name bankers were at the firm". nice
Referring to the pre-Ermotti/Orcel days when the like of Moelis, Effron, etc. were all coming thru UBS and it was much more high profile than it is today
The bank is bigger than any individual banker. UBS helped create Moelis, Effrontery/Centerview, Aryeh/Liontree I think too and prob others
Looks like they are hiring for Sponsors and LF as separate groups? Do they operate independently? Also, despite being busy with LBO/M&A volume does the sponsors group have a good culture?
Can anyone opine on FSG's exits as well? Seems like they should be good with a good LevFin team
You’re cross staffed as an analyst so work on both (roommates internship was there). Good culture and longish hours. Probably worst at the bank is industrials and m&a from what I’ve heard
Do you know if they've started interviewing for sponsors yet?
Any info on Energy?
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Totam laudantium qui consequatur perferendis. Earum consequuntur culpa odit voluptatem repellat omnis laboriosam. Dicta eum sit tenetur voluptatum maiores quod voluptatem. Cum distinctio non sit architecto. At facere odio et rerum. Et ea culpa occaecati architecto dolores.
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