Based on the most helpful WSO content, UBS Investment Bank has had mixed reviews over the years. Historically, UBS has been known for its strong Wealth Management division, but its Investment Banking (IB) arm has faced challenges. However, there are some positive signs:
Growth in IB: UBS has been making efforts to grow its IB division, as noted in discussions about their plans to maintain growth in the future. This could indicate a renewed focus on improving their standing in the IB space.
Workplace Culture: Experiences can vary by group, but some users have highlighted positive aspects of workplace culture, such as supportive senior bankers and a close-knit community in certain teams.
Exit Opportunities: UBS analysts have been able to secure Private Equity (PE) roles, though the strength of exit opportunities may depend on the specific group and location.
Challenges: Some threads mention long hours with limited deal experience in certain regions, which can be a drawback for those seeking robust transaction exposure.
Reputation: UBS has had periods of underperformance in IB, but strong hires and strategic changes could potentially turn things around.
Ultimately, whether UBS is a good fit depends on your career goals, the specific group you join, and the region you work in. If you're looking for a place with potential for growth and are okay with some uncertainty, it could be worth considering. However, if you're prioritizing a top-tier IB experience with consistent deal flow, you might want to weigh your options carefully.
Why are you talking solely about the tech team when the question is about all of UBS? UBS just like most firms has good and bad groups, it just so happens at UBS there is a very wide discrepancy between the good and bad groups with many meh groups in between. UBS tech is by far the weakest tech group in any of the other firms around it. However, UBS has a great sponsor and LevFin presence, as well as a good overall industrial franchise, and okay ones in some other coverage areas. The view of UBS in this forum is too dominated by those in the single worst team in the bank in tech and it reflects both how bad the group is that people are this mad and the wide discrepancy in group quality. Everyone agrees with you and the other tech team juniors that the tech team sucks. I also agree that the broader merger hasn't gone to expectations but it's not fair to say culture and deal flow everywhere is bad mostly because there are indeed various groups that have increased market share.
I'm going on 15 years (being in undergrad recruiting + post grad experience) of hearing bad shit about UBS. But yeah, they're pretty bad.
I know of people who accepted MM offers in non-NYC cities over FT UBS NYC offers. Their levfin group is great though. Unless you get into levfin, stay away.
I think the firm's best group is sponsors, regularly been in the top 10 in sponsor fees including in this down year. LevFin also mostly does sponsor-backed stuff, really strong LBO, and sponsors LevFin business much weaker corporate one. Industrials also had a great year, but harder to judge it as a lot of it came from deals originated by CS seniors, but would say it's also a very solid group. Other groups aren't as strong but have good MDs here and there, Consumer and HC in particular have grown from YoY albeit it still not being a good overall group merely decent. Those groups are also continuously being built out with new hires who are at least somewhat working.
Think what you're saying is true for pre-merger though, The CS merger meant some groups had more good MDs move over than others mostly because there was only so much guaranteed comp to give out. UBS' main issue is that just some of their coverage groups in huge industries in the Americas are shit, it prob has the worst tech team of any notable bank and tech is the largest sector. The FIG team just lost a whole sub-vertical and hasn't had any of the MDs replaced, and the bank does not do Energy banking, two of the other largest 5 sectors in America. Healthcare, another large sector, is still not there and is being actively grown with hiring going on. At least the HC team right now is better than before, but that's only because the bank had basically no deal flow in HC before.
Overall though; weak bank for corporate things very broadly, the bank is very sponsor-heavy and bank performance is going to ride on Sponsors' activity, LevFin activity, and to a smaller extent industrial activity as that is the only coverage group that is seemingly competitive on corporate things for larger caps.
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Based on the most helpful WSO content, UBS Investment Bank has had mixed reviews over the years. Historically, UBS has been known for its strong Wealth Management division, but its Investment Banking (IB) arm has faced challenges. However, there are some positive signs:
Growth in IB: UBS has been making efforts to grow its IB division, as noted in discussions about their plans to maintain growth in the future. This could indicate a renewed focus on improving their standing in the IB space.
Workplace Culture: Experiences can vary by group, but some users have highlighted positive aspects of workplace culture, such as supportive senior bankers and a close-knit community in certain teams.
Exit Opportunities: UBS analysts have been able to secure Private Equity (PE) roles, though the strength of exit opportunities may depend on the specific group and location.
Challenges: Some threads mention long hours with limited deal experience in certain regions, which can be a drawback for those seeking robust transaction exposure.
Reputation: UBS has had periods of underperformance in IB, but strong hires and strategic changes could potentially turn things around.
Ultimately, whether UBS is a good fit depends on your career goals, the specific group you join, and the region you work in. If you're looking for a place with potential for growth and are okay with some uncertainty, it could be worth considering. However, if you're prioritizing a top-tier IB experience with consistent deal flow, you might want to weigh your options carefully.
Sources: Is UBS beginning to be a great place to work again?, Wells Fargo vs. UBS, Is it really THAT bad with Deutsche Bank & UBS?, Confessions of a former second year IB Analyst, Investment Banking in Dubai
As prospects, any offer is better than none. Beggars cannot be choosers.
Don’t let WSO dictate your perception of different firms
A high degree of incompetent and toxic people
Speak English
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"how its like working there", now THAT is funny!
its a COMPLETE mess. look at threads here.
comp bad
culture bad
politics bad
merger going bad
dropping in the USA league tables despite folding in ANOTHER BB
Tech team has below 10mm of M&A revenue for 2024.......read that sentence again and tell yourself what that means to you.
Why are you talking solely about the tech team when the question is about all of UBS? UBS just like most firms has good and bad groups, it just so happens at UBS there is a very wide discrepancy between the good and bad groups with many meh groups in between. UBS tech is by far the weakest tech group in any of the other firms around it. However, UBS has a great sponsor and LevFin presence, as well as a good overall industrial franchise, and okay ones in some other coverage areas. The view of UBS in this forum is too dominated by those in the single worst team in the bank in tech and it reflects both how bad the group is that people are this mad and the wide discrepancy in group quality. Everyone agrees with you and the other tech team juniors that the tech team sucks. I also agree that the broader merger hasn't gone to expectations but it's not fair to say culture and deal flow everywhere is bad mostly because there are indeed various groups that have increased market share.
I'm going on 15 years (being in undergrad recruiting + post grad experience) of hearing bad shit about UBS. But yeah, they're pretty bad.
I know of people who accepted MM offers in non-NYC cities over FT UBS NYC offers. Their levfin group is great though. Unless you get into levfin, stay away.
I think the firm's best group is sponsors, regularly been in the top 10 in sponsor fees including in this down year. LevFin also mostly does sponsor-backed stuff, really strong LBO, and sponsors LevFin business much weaker corporate one. Industrials also had a great year, but harder to judge it as a lot of it came from deals originated by CS seniors, but would say it's also a very solid group. Other groups aren't as strong but have good MDs here and there, Consumer and HC in particular have grown from YoY albeit it still not being a good overall group merely decent. Those groups are also continuously being built out with new hires who are at least somewhat working.
Think what you're saying is true for pre-merger though, The CS merger meant some groups had more good MDs move over than others mostly because there was only so much guaranteed comp to give out. UBS' main issue is that just some of their coverage groups in huge industries in the Americas are shit, it prob has the worst tech team of any notable bank and tech is the largest sector. The FIG team just lost a whole sub-vertical and hasn't had any of the MDs replaced, and the bank does not do Energy banking, two of the other largest 5 sectors in America. Healthcare, another large sector, is still not there and is being actively grown with hiring going on. At least the HC team right now is better than before, but that's only because the bank had basically no deal flow in HC before.
Overall though; weak bank for corporate things very broadly, the bank is very sponsor-heavy and bank performance is going to ride on Sponsors' activity, LevFin activity, and to a smaller extent industrial activity as that is the only coverage group that is seemingly competitive on corporate things for larger caps.
Rerum consequuntur est dicta ipsum nostrum dicta id. Dolores dicta aut dolor doloremque esse tempora. Explicabo est cupiditate pariatur.
Voluptatem quas repellendus voluptate dolorem ducimus. Et eaque magni sint ipsam.
Dolorem sint alias et soluta dolore qui. Eum voluptas velit consectetur fugiat numquam vel. Aperiam dolor assumenda quos sed sint inventore omnis. Est laudantium accusantium ipsam consequatur impedit doloribus sit. Facilis et esse possimus et enim.
Et aut qui debitis dolores aut. Dolorum vitae qui minima omnis. Explicabo voluptate explicabo voluptatem quisquam inventore sit maiores est. Et necessitatibus dolor autem et sapiente.
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