Should I sign UBS SA 2021?
Got an offer from UBS today as a complete non-target that networked my way in. I reached out to a few mentors and they told me not to take the offer, that UBS is dying, the people there are unintelligent, poor dealflow etc. Even an analyst at UBS told me that the bank doesn't have a strong future in investment banking, which is obviously what I want to do. Should I take the offer now, or wait for some MM/BB that go later in the process? Obviously if I went to a target I would turn down the offer, but as a non-target I may not get other chances. If I go to UBS will I be able to recruit for other banks FT, or will my resume simply be too tainted by the name?
Take it. Don't listen to the virgins on here who make it seem like getting a UBS offer is worse than being unemployed. Their top couple groups are solid on the street
OMFG, this is why WSO should be more respectful and stop shitting on banks (other than those who truly deserve it like Tobin & Co.)
How were the interviews? Did you feel like your behaviorals and technicals are at a decent level? You still have like 1 - 1.5 months before several BBs open their apps. I would skip the UBS offer and just replicate your networking etc. at more reputable banks. If an analyst at UBS told you not to take UBS then I think that's a huge red flag.
Please do not listen to this. If you have a network at other places, I would suggest asking if they can accelerate your process. If you have nothing, just take the offer.
My opinion is OP really shouldn't sign a place where even analysts are talking it down. It's clear OP isn't confident / content / happy... just read between the lines of the post. It's still May so many banks haven't even opened apps yet.
Explain to us why OP shouldn't listen to me (I am genuinely curious what is the argument for signing somewhere OP clearly isn't happy with when there are still so many opportunities left this summer.)
Because the chance of landing an offer at GS/MS/JPM/BAML as a nontarget is almost 0...
"A bird in the hand is worth more than two in the bush"
Because at the end of the day UBS is still a BB and has some solid groups. Doing IB at UBS is still pretty fucking good. Not everyone has to end up at GS TMT. Why should op gamble a sure thing? Op is a non target and we tend to get shit on a lot during recruiting. It is dumb to gamble an offer at hand when you have nothing else in the pipeline. It is dumb to gamble a sure thing for a possibility.
Op can take UBS, kill it on his internship, continue networking, and then lateral to a better place. Or op can decline the offer and possibly end up with no offer from other bbs/ebs.
Congrats man, banking is a top 1% out of college job and as others have echoed you should be proud of yourself.
WSO can definitely be a dick measuring contest which really takes a toll on those who get offers from banks who college kids on this site shit on for arbitrary reasons. I am sure your process was still quite challenging and I think that regardless of the outcome (others have made some good suggestions that I need not repeat) you should be proud and confident in yourself for landing an offer, especially from a non-target.