Understand exits good out of LevFin/GIG/FSG, but what are exits like from mid tier groups at the bank such as Consumer/HC? Would they be at the same caliber of a MM bank (something like a Solomon/RBC)? Any insights appreciated.
Would say exits for the average group are closer to something like RBC top groups for generalist PE, yes. Noting generalist PE since RBC has good exits into infra PE out of their PU&I group that will be stronger into the space than a mid-tier UBS group. Top groups exit better than RBC top groups.
Also, I want to note, that UBS has a sharp decline in group quality after the top 3. CR and HC are both somewhat fine, but other groups such as FIG, Tech, and M&T have basically no real flow and will most likely exit worse than RBC top groups given a distinct lack of flow.
I am as much of a hater of UBS as any (I was the commenter who suggested considering WF over UBS, for example), but think, given you are specifically asking for exits, if you have an offer at both, UBS is just clearly the better firm.
Am a junior at a similar firm (DB/Jeff) who just left to the buyside:
The lateral market for juniors is dead at all levels right now. Lateralling after a year or two from any respectable place to top BB/EBs is possible in better markets, so I would assume it's possible. Would note that lateralling makes more sense for people looking to stay in banking for a longer term than those looking to do PE recruiting, as PE has been pushed increasingly earlier, whereas on-cycle and a lot of off-cycle is done by the first year. UBS is a strong enough name that it makes more sense to just recruit for PE out of the rip and aim for the top tier MM/UMM shops. If going for PC, no need to lateral from UBS LevFin; places really well into UMM/MF PC as does DB and Jeff.
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Would say exits for the average group are closer to something like RBC top groups for generalist PE, yes. Noting generalist PE since RBC has good exits into infra PE out of their PU&I group that will be stronger into the space than a mid-tier UBS group. Top groups exit better than RBC top groups.
Also, I want to note, that UBS has a sharp decline in group quality after the top 3. CR and HC are both somewhat fine, but other groups such as FIG, Tech, and M&T have basically no real flow and will most likely exit worse than RBC top groups given a distinct lack of flow.
I am as much of a hater of UBS as any (I was the commenter who suggested considering WF over UBS, for example), but think, given you are specifically asking for exits, if you have an offer at both, UBS is just clearly the better firm.
curious to see if you have any insights/opinions on lateraling to a eb after a year/two at ubs?
Am a junior at a similar firm (DB/Jeff) who just left to the buyside:
The lateral market for juniors is dead at all levels right now. Lateralling after a year or two from any respectable place to top BB/EBs is possible in better markets, so I would assume it's possible. Would note that lateralling makes more sense for people looking to stay in banking for a longer term than those looking to do PE recruiting, as PE has been pushed increasingly earlier, whereas on-cycle and a lot of off-cycle is done by the first year. UBS is a strong enough name that it makes more sense to just recruit for PE out of the rip and aim for the top tier MM/UMM shops. If going for PC, no need to lateral from UBS LevFin; places really well into UMM/MF PC as does DB and Jeff.
Et consequatur est similique veniam sapiente. Aut sint quidem dignissimos praesentium vel vel iure. Officia ducimus est fugit sequi dicta sapiente maxime. Qui tempora culpa hic laborum numquam nihil nam ad. Exercitationem at omnis quae exercitationem natus.
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