Deustche Bank LevFin vs. UBS LevFin

Well looking at the DCM league tables DB outperformed UBS in every category in the US. In so as far as Lev Fin is concerned I would lean DB, as UBS is still under performing. Just my perception.

UBS is definitely no longer prestigious

They're both bottom BB but obviously DB is 8th if UBS is 9th among the 9 BB's.

..don't think anyone has really answered the OP's question

guy asked about exit opps and international transfers not prestige.

i think for PE - UBS is better for international opportunities - DB all the way

UBS has a massive presence in Asia - top 3 in China / Hong Kong and #1 in Australia. They're doing great in Europe too. It's their US presence that blows.

I believe two of the DB analysts are going to PE (one is going to KKR), don't know if UBS FSLF can say the same

i work in a lev fin shop (not one of the two in the post), and i see by far more deals with DB as a lead/co-manager/bookrunner/etc. incredibly strong deal flow there as compared to UBS. it may not have quite the level of activity of BAML or JPM, but youll get the best experience there, and subsequently the best exit ops im sure (exit ops are from first hand knowledge, as i havent left, but good deal flow typically = good exit ops). and i dont know a great deal about international offices, but im sure either would be fine, especially since theyre both international banks to begin with.

In the US, DB is better for LevFin than UBS. I currently work in private equity and DB is on way more deals and leads way more deals than UBS. I also have some background in the area and know that DB is respected. DB is a name you think of when you are trying to do an HY deal in the US. UBS is not. Just based on reputation of group and overall bank, I would say go DB. See which group you fit in with better as far as people, but these are big places with lots of different people so it will be hard to judge based on meeting only a couple.

As far as PE exit ops, I think for the overall bank, the two names are probably viewed pretty equally (although UBS did get smacked in the past few years). Given that you would do LevFin at both places, I would say go to DB as the group is better and will be viewed better by PE firms, you will work on more and better deals and therefore get better experience (assuming both groups are fairly technical/modeling heavy groups, which usually LevFin is...if you want to go PE, you need to do modeling and valuation analysis and not be stuck doing pitchbooks and weekly HY market updates all the time) and have better deals on your resume. Since you are working on more, better deals, you will also work with more/better PE firms and your superiors will have better relationships with PE firms and can possibly help you out after your analyst program (although this is by no means guaranteed).

I can't really speak to the international exit ops (other than to assume that they both have good exit ops in Europe). I also don't know if my PE related statements apply to PE in Europe.

I would say definitely favor DB for PE exit ops in the US (although you should realize, and I think you do, that neither of these groups is going to be a targeted recruiting pool for KKR). Then ask yourself how you weigh the US PE exit vs the international exit. If the international exit is very important, do more diligence on the relative strengths of the banks in the international markets you want to work in. League tables are probably a good place to get some info. Also, speak to people who actually work/have worked at big banks and don't just rely on these forums, because there are a ton of monkeys slinging monkey shit on these boards.