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Career Resources
Barclays
You sound already determined to go to UBS, then why ask?
Tough call, and nobody here will be able to offer exceptional advice. UBS is struggling, though it is blown out of proportion, particularly on here, and LevFin is still a solid place to be. If you choose Barclays you'll go through a group selection process, and I'm sure between all of the groups you meet with you'll find one where you enjoy the people just as much as the ones at UBS. I think Barclays is probably the safer bet, if only for the fact that UBS's reputation has taken quite a hit over the past 2 or so years- even if they are done with job-cuts and are stable, I don't think it is a great place to be right now. PM me if you'd like- don't know a ton about UBS but can offer some more insight on Barclays - group specific, etc.
Largely agree with Black Jack. Further, I don't know the figures for UBS Lev Fin/FSG specifically, but my understanding is that return offer rates at UBS are substantially lower than those at Barclays over all. Unless you have some encouraging information regarding high return offer rates in Lev Fin/FSG at UBS, the fear of not getting a return offer would tip the scales (even more) towards Barclays.
UBS Sponsors and Lev Fin place better than any group at Barclays.
Only if you get FT offer in the first place.
I think the stigma against UBS is surely misplaced, but unfortunately it's an opinion that is not restricted to just these boards.
Thanks for all the tips guys. I definitely understand the questions about UBS which is why I figured I would gauge some opinion. I am really torn on this one..
I think UBS is in its recovery mode right now and job stability seems strong because everyone there has told me that cuts are done and SA offer rates are going to be high unlike previous years. Somewhere around 70% according to HR. Given this info that I have been told, would you still recommend Barclays? As of now I am leaning towards Barcap, but does anyone here think other European banks will have to do the same thing as UBS in the near future? If that's the case, it seems that UBS could be 'safer' in that aspect. I am curious to hear your opinions on this before I finalize my decision.
See the only concern is getting FT offer. If you think you could secure a FT offer from UBS from their LevFin/FSG, then I would choose UBS ANY DAY
Thanks. I think that FT offer speculation is pointless though. There is really no way to tell beforehand what your 'chances' are, even though HR told me the %'s at both firms (which as of now, are equal). Anything could happen from now until August that could change this at both places. It is really performance driven, so I think speculation beforehand doesn't really add much value. Just my thoughts
This is a tough decision. The WSO Company Database does have a lot of intern data for both of these banks and one of the questions we ask people in the Company REviews that may prove helpful in this situation (where it is a close call based on group) is the %s given when we ask : "What % of interns recieved FT offers?" ...just make sure you are filtering for NYC and recent years...
But like you said, not easy given that UBS may be done with their cuts and LevFin a great place to be for exit opps...
Thanks for the help, I appreciate it. I have never used that function before. I'll check it out
I have as much (or more) reason to hate the UBS SA program - but in this situation I would recommend doing UBS Lev Fin if you are 100% certain that you want to go to PE after 2 years.
The guys in the Lev Fin group are pretty great and it's a strong group. We're in a really bullish environment and UBS has already done their major IBD cut-backs so you should be fairly safe on that front. As long as the overall US economy doesn't take a major turn for the worse, you should be ok.
Don't let people who rant on this board get to you, UBS is still a solid bank and their Lev Fin group is a good place to be for what it seems like you want. The 30% who don't come back are likely going to be made up of people who decide they don't want to continue in banking - not people who want it but get screwed because of office closures like that happened in the recent past...
Thank you, I appreciate your advice. PE is certainly what I want, which is what makes this decision very hard because the Sponsor group seems very strong.
Just curious about your first line saying that you hate the UBS SA program. What's that about, haha
If you want more details please PM me - I'd be happy to elaborate.
I personally know a couple guys in that Lev Fin group though and they're good dudes and the group has definitely done well with placement into PE in the recent past.
Try to see if you can leverage your UBS offer to get a verbal assurance from anyone at Barcap at a preferred group. The worst disaster would be turning down UBS only to end up in Barcap ECM.
M&A and Lev Fin are super strong groups at UBS. I would take it in a heart beat over any industry specific group at Barclays. The guys out of my class got the best offers out of those groups (and healthcare). No brainer IMO. I was a SA who got a full time offer at UBS so feel free to drop me some questions if you would like.
I would go with UBS especially if you are guaranteed Lev Fin/ M & A.
Thanks guys. Do you think the stability of the firm, especially in NYC, is stronger than people on here believe? That is something I am curious about. In the firm, it looks like nobody has changed a thing. But on here, people make it seem like UBS is burning down. Who is right ?
UBS really just junked up their fixed income portion - M&A still represents a substantial business, and it's really dubious that they'd give it up any time soon.
Just remember - bankers have really short-term fucking memory (which might make sense since most people will exit in 2 years anyways), and this industry moves damn quick. This is not to say the whole thing is a wash -as a whole Barclays is still a better pick than UBS - but you should take everything said here with a grain of salt.
bump for more info. Good posts so far, just curious for some more opinions. Leaning towards UBS right now
Have you decided where to go?
My bet is on him choosing UBS.
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