DB vs UBS: Who would you choose for IBD
Assuming the people at each bank are pretty much equivalent. DB has obviously had a lot of bad press and job security is a question, but I believe its overstated at the end of the day. They seem relatively equivalent in my mind, but what do you guys think?
Both in general, and for exit ops.
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People at DB said they're detached from Equities and are doing well themselves. Obviously they're not going to say anything bad. But what makes you think DB is ready to get rid of their IBD?
Sidewalk closed for construction outside of wall st DB monday, had to pass directly by their doors. A lot of slow foot traffic there and I made awkward eye contact with a guard so I made a joke asking if they've made enough space in there for him yet, he goes "naaaah"
not sure if that helps answer your question
DB > UBS hands down in terms of deal flow and culture
It’s not worth playing this game. You would be shocked at how arbitrary the process is. Also, odds are you won’t get an offer from either firm.
Bull or bear? That's the only question you should ask yourself when thinking about UBS
This is literally the biggest reason not to choose UBS at the moment lmao
US or EMEA? I cannot speak for DB but I can speak for UBS EMEA as I work there. Deal flow is good, teams are lean which means that you will get a lot of exposure and responsibilities very early (can be a good or a bad thing). The number of senior bankers has been reduced, with 2-3 MDs per sector/country/product team. In general I feel that the senior bankers are strong (some are extremely good), so the deals that you will be doing are quality deals. Pay is average I would say and exit opps are not incredible but not inexistent (every year good people leave for very good / prestigious places). Some teams benefit from better working hours than others, but the average is quite high (and I have worked at a sweatshop boutique in the past so I have sensible comparison points).
Can I PM you to check if FO team is planning to hire interns or full time analysts from backoffice in India this year?
No need to PM. I have no clue about this but it has happened recently and teams are quite understaffed so it may well happen again soon.
Thank you for the insight!
They’re both fine. Banking sucks no matter what (and so does PE for the most part).
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