Got an email from compliance saying that analysts must disclose any deferred employment arrangements (such as buyside offer) in the company OBI (Outside Business Interests) system. Analysts will have to fill out what buyside firm they will be joining and their expected start date.
Is this even allowed?? What if you just don't disclose?
| +434 | Is UBS really that bad? | 77 | 12h |
| +265 | Investment Banking is Divine | 40 | 2d |
| +221 | Another $115bn Mega deal for these banks. Congrats! | 46 | 18h |
| +216 | US 2027 SA IB worried about background check | 53 | 2d |
| +77 | Useless associates | 15 | 2h |
| +77 | Which Offer to Accept: UBS Analyst Role or Part Time Cashier at the Local Taco Bell | 20 | 38m |
| +61 | Roku-Fox Deal - UBS Misses Out on yet another deals after years chasing this deal | 10 | 6h |
| +52 | Differences in Restructuring Teams? | 24 | 14h |
| +46 | FIG Pigeonholes you - is it true? | 18 | 32m |
| +41 | Is Houston SA 28 recruiting already over? | 34 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump interested, this sounds insane and like a trap
Get in touch with a lawyer
Sounds like they're following JPM after this was introduced last cycle (clause in the offer letter). wouldn't be surprised if all BBs adopt this knowing attrition/retention will always be a problem for large analyst classes
wallstreetoasis com/forum/private-equity/jpm-forcing-pe-disclosure
Bump. What if you’re at a group that’s very much against PE recruiting? Wouldn’t you be shooting yourself in the foot by disclosing an offer?
Definitely sounds like a trap
Et velit mollitia possimus veniam neque commodi. Modi molestiae qui modi aut et. Aut temporibus explicabo voluptas dolorem sed esse. Rerum est inventore sapiente consectetur minus debitis quidem.
Minima odit quibusdam repellat cupiditate sint tempore dolor. Veniam quia fugit ad laboriosam rem illum commodi. Enim laudantium eos maxime rerum sed ducimus fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...