FT Offer Decision: Wells Fargo vs Jefferies vs UBS
For 1st Yr IBD Analyst position starting next summer
WF and UBS offers are for Industrials. JEF offer is generalist
All positions in NY. Appreciate any and all opinions
For 1st Yr IBD Analyst position starting next summer
WF and UBS offers are for Industrials. JEF offer is generalist
All positions in NY. Appreciate any and all opinions
Career Resources
I'd take Jefferies, but would see what others have to say here.
I would say Jefferies first as well. UBS WFC seems like a tossup depends what type of people you mesh better with
Jefferies.
I'd take UBS industrials over Jefferies, but that's just me
Jefferies is #1 of that list
Jefferies
For exits, UBS. For experience, Jefferies. UBS still has kids place decently contrary to what you will read on here. However, the difference is so negligible that if you hustle at Jefferies you can get better exits and have a better experience.
UBS still has decent exit opportunities so I would go with UBS over Jefferies.
UBS / Jefferies > WF
Jefferies works their generalists like dogs. absolutely get killed. idk about jeff
I had a friend working in UBS industrials who left a little under two years ago. He hated it, said everyone was trying to jump ship. No idea how things are going now, so take it for what it's worth.
I would say Jefferies as well, but be aware of the firm culture. UBS is in a tricky spot since they've been downsizing their IB team. I would try to learn more about UBS' situation before moving forward. And this might be a moot point, but Wells Fargo would be third on my list.
I know plenty of people at UBS. Above posters are reiterating things said from two years ago. UBS has been doing very well this year, and other Eurobanks are starting to follow their model. I would argue they are ahead of the curve as far as this changing environment goes.
Do you click with the people at one firm over the other? That should really be your decision maker. I would chose BB > MM especially if that is the case.
I'm gonna be the devil's advocate here and say WF, but ONLY because you have the NY Industrials group secured. I had a buddy over there who absolutely loved it. Hours were awesome, and the culture was probably the healthiest/most down to Earth I'd ever heard of at an investment bank. If lifestyle is a consideration, I'd pick WF.
know a lot of guys at Jefferies, all of them speak highly of the generalist program, and their healthcare and lev fin teams are very solid. Exit ops are usually reputable PE shops, one guy I know moved onto Moelis's private equity arm, and the rest of the guys are still 2nd years, but its a solid bank. i'd do Jefferies probably
neither are great unless you have nothing else. better off with more established names like deutsch, Bank of America, etc. Jefferies is known for its terrible culture and people are underpaid, basically minimum wage. UBS not as much. both have lots of turnover in recent years
Some nice positivity you have there
Neither are true at all.
Easy decision, go with Jef. Yes, these guys get worked hard (especially the HC guys) but I hear they're increasing class sizes by a lot - should lessen the work load a bit
UBS: They've improved a lot since 2012 and are getting on a good track.
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