Is my UBS full time offer ok?

Agreed, I'm in the same boat.

just have to sit tight until the 10th. will have clarity then...

I feel for you guys. If I'm feeling queasy from only having an internship offer, then I wonder what you must feel like...

Just my 2c.

I worked in UBS M&A London for 2 years and I've been speaking to people there. They are pissed off, fearing for their jobs and pretty sure that even if they keep their jobs, the prestige of the IB is going to tank when everyone jumps ship as soon as the market picks up.

I would say your offers are pretty safe though. Apparently they didn't give out that many.

I have several freinds at UBS now that are very concerned. Although I dont know anyone who is going to start in June, I can certaintly tell you that current FY analysts are very concerned. They told me that UBS may send people to their Global Wealth Managment side since that is the only profitable part of the firm. I think they may have to reneg some of their offers since they hired like all of their SA's this past year.

dude posting this thread is not going to get you any legitimate information...posts like the one above are about as good as it gets, and that type of speculation will not help you at all. of course UBS is in trouble and everyone is worried. What does that mean for your FT offer? Nobody on this site knows, and if they do, they most likely aren't sharing on a public forum. try to talk with people at UBS who you grew close with this summer and see if they have any advice.

same boat -- got the FT offer at ML on the equities side after my SA position last year.

my question is.. if they do rescind the offers, will they offer some sort of severance package ?

Heard from a contact that they've 'offered' some people to take a gap year on half the base.

Just my 2c.

lorican, are you referring to ML (the post prior to yours) or to UBS? also which group and position(s) (analyst or assoc offers)?

He's probably referring to UBS.

If I recall correctly, someone from my school -- 2008 graduate -- was offered a similar "gap year" deal, however, it was full, not half, base.

UBS - A guy who used to work in FICC said that they've been offering new analysts in London to take a deferred entry on half pay.

But generally, unless the worst happens (UBS loses US licence) then they won't rescind offers because it would look veryyy bad for the image. But in the current climate I could be very wrong.

Just my 2c.

wingman: could you please post the link to the blog you are referring to? thanks.

http://www.whatupatubs.blogspot.com/

the link that theprodigy posted is the blog i'm talking about

i wouldn't jump to such definitive conclusions quite yet. i'm not denying the concerns that the blog mentions- however, it is a blog and one person's insight. there should be more clarity on the 10th when they come out with results and details of the new comp plan. as one poster suggested, i would try to get in contact with people you worked with over the summer that you got close to. actually, these times are real sensitive so it might be better to just sit tight and wait for updates from the horse's mouth.

on a side note, i really should change my name from "theprodigy" to "GSPownstheprodigy" after that demoralizing beatdown this weekend.