Double or Nothing: How UBS Lost the Deal



What if I told you… you could be handed a second investment bank… and still fall behind. In 2023, UBS absorbed Credit Suisse— a once-in-a-generation deal. Two platforms. One goal: win the United States. But when the market came back… UBS didn’t. While competitors gained ground… UBS fell behind. Integration without alignment. Talent out, hierarchy in. Because in investment banking… scale doesn’t win deals. Execution does. And UBS didn’t. Double or Nothing: How UBS Lost the Deal.
20 Comments
 
Most Helpful

[Intro]

Look... If you had... one shot... or one opportunity...

To build the biggest bank you ever wanted... one merger...

Would you capture it? Or just let it slip?

Yo

[Verse 1]

Culture’s sweaty, MDs weak, hours are heavy

There's vomit on his sweater already, Marcos spaghetti!

He's nervous, but on the surface he looks calm and ready

to close deals, but he keeps on forgetting

what he mapped out, the whole Street goes so loud

He opens his mouth but the deals won’t come out

He’s chokin’, how? Everybody’s jokin’ now

Three years run out—time’s up, no deals how?!

Snap back to reality—oh, there goes strategy

Oh, there goes the franchise, it choked

He’s so mad, but he won’t

Give up that easy—no, he won’t have it

He knows, his whole banks’s to these ropes

It don’t matter, he hopes

He can spin it in quotes

But the numbers expose

When he goes back to the floor again, that’s when it’s

Back in the deck again, yo, same old pitch script

He better go capture this mandate and hope it don't pass him
 

You better lose the deal in the moment—you blow it

You better never let it go (go)

You only get one shot, but you missed your chance to show

This opportunity came once in a lifetime


 

You better lose the deal in the moment—you blow it

You better never let it go (go)

You only get one shot, but you missed your chance to show

This opportunity came once in a lifetime

[Verse 2]

Deals escaping…

 

Looks like a typical Monday morning meeting, blank angry stares at the performance

 

Objectively almost every single hire was a miss. I don’t know how you honestly can miss that often if you are objectively evaluating potential MD candidates in the interview process

 

Nam culpa placeat quasi libero debitis adipisci dolorem. Facilis cumque dolorum aut quo.

Sed et cum quos et reprehenderit et vitae. Voluptas quos recusandae aspernatur dolor at ut qui. Dolores ut neque amet dolores ut cumque laudantium.

Molestiae praesentium voluptatem cumque labore ullam. Eligendi nihil quo modi neque sunt. Qui omnis quasi voluptas. Facere hic et sed autem quod fuga aliquam. Qui deserunt quisquam aut nihil blanditiis velit.

Qui quisquam numquam facilis ut corrupti et. At quia ullam dignissimos inventore et vel hic. Voluptatem hic enim molestiae ut odit distinctio. Ad harum sunt quasi nemo.

Steve

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”