49 Comments
 

It's perceived well enough for you to get an interview at every one of the top megafunds if you want (i.e. KKR, Blackstone, TPG, Carlyle, etc.) [where this year's class interviewed]. Once you get that far, a lot of it is on you and how well you perform.

I know people that successfully navigated the PE application process and ended up at each of the places I listed above and other prominent places like Apollo, Warburg, etc.

People from the group to go specialized MM PE as well, if that interests you.

 

have a friend in the FS group now ( heard from him that they split?) and it seems to be doing pretty well.

I think one girl is in TPG hk coming from UBS FSLF team...

 

UBS is definitely not on par at the moment with BAML/Barcap. Momentum seems to be heading the other way... FSLF is split up into two groups now.

 
francis90I heard that they are going downhill though because most of their revenue came from the Energy group. One kid from my target just accepted and he was pretty upset about it.
If it's the target you list on your profile, I'm not sure if you're right. That said, the group - despite the nominal split - offers a good balance between Sponsor-focused work and the intricacies of Leveraged Finance across a variety of industries.
xyz12345Would taking an offer from the team be equivalent to getting a top group at a BAML/BarCap level bank in terms of exit opps?
I think so. I'd consider the top groups at those places BAML M&A and BarCap Energy. Exit opps. consist of two things: getting interviews because you have the skill set and converting on interviews because you had a very quantitative experience. You can cry all day about league tables, but that's what defines the exit opps. - not doing 7,000 leveraged finance deals and not modeling.
ibhopeful532UBS is definitely not on par at the moment with BAML/Barcap. Momentum seems to be heading the other way... FSLF is split up into two groups now.
In terms of league tables, nope. You're right. That said, the bank's more profitable than BAML, carries basically the same rep. as it always has in the eyes of PE, and analysts from the FSLF groups continue to get an exposure to the sponsor-side transactions as well as the leveraged finance and restructuring stuff (making them candidates at a plethora of PE firms) (i.e. good exit opps.).

Look at it this way. Do KKR and Blackstone give two shits what your bank's league table ranking is? Do you honestly think they go to a Bloomberg Terminal, print the league tables out and rank candidates that way? No. They may give Goldman and Blackstone people a preference because of the sheer level of difficulty to get a job there, but the BAML/BarCap/UBS type pool - hell even MS and JPM kids outside of M&A and TMT - will receive offers based on their merits and how well they can navigate a grueling interview. UBS FSLF is one of the best groups to give you that preparation, which is why they place analysts into megafunds every year.

 

To get back on topic: http://img28.imageshack.us/img28/5661/fs09fy.jpg

The table's indicative of where UBS stands in Sponsor coverage.

Side note: what do all 25 of these firms have in common?

  1. jimbojones doesn't have a job at any of them
  2. jimbojones couldn't get hired as a private contractor to clean shit at any of them

That every firm on Wall Street has 1 and 2 in common should tell you all you need to know about how incredibly well this industry weeds out the scum that should never work close to it.

 

"That every firm on Wall Street has 1 and 2 in common should tell you all you need to know about how incredibly well this industry weeds out the scum that should never work close to it."

LOL.

 
Best Response
thaTHRILLA
jimbojones96Tech, not this week but recent and they also lost commodities and of course all of energy which is their best group to Citi.

does this guy even have a job offer?

No, that's the best part lol!
GoFUCKyourselfUBS FSLF is a total joke. The associates and VP's in that group are all washed up spares. Some of those sacks of shit got paid a zero bonus last year and stil stayed on because they can't find a decent job anywhere else. What a bunch of dildos.
What is this, a jimbojones alternate account? I know for a fact that analysts and assocs. in the group got paid street or better this past bonus season (better than BAML, DB, EVR and Moelis). Want to confirm? Ask analysts and assocs. at each of those firms.

This site can be incredibly helpful for younger people when they get honest perspectives from people who have a good handle on firms, groups, networking, etc. Idiots like you two (who are literally unemployed!) make it a farce. Don't dignify yourselves by calling it trolling, which would be intelligent. You're pieces of shit that don't have jobs and post such out there and idiotic things that it's no wonder you'll stay unemployed for a long period of time.

 

I know for a fact that LevFin at UBS is a joke and the pay is below street. I know one 3rd year associate who got a zero bonus there last year.

Assoc and D's in that group are worst on the street and have no deal experience (atleast not any lead left execution experience... just a bunch of pitching and bookrun (trail right) if lucky)

Bunch of internal credit memo jokers

 
xyz12345Any indication of how this group is perceived by PE recruiters? I know it's one of the top groups at UBS, but how does that stack up if I want to get to a megafund?
Going back to the original question - all that matters here - the group continues to be perceived well by PE recruiters (enough so that analysts coming out of the group continue to be able to interview at and receive offers from megafunds on down to specialized middle market PE shops). Case closed. Topic over.

If you're interviewing for a job with jimbojones, I'd avoid this place like the plague.

The group, however, dedicates a greater amount of resources to its top-5 Sponsor coverage group and growing Restructuring practice than other groups do, and the fact is that PE employers - people that offer jobs that pay $200k+ a year - view the analyst skill set favorably.

Assocs. don't get paid 0 bonus or they would have left. I know people in the group that came from a top elite boutique (GHL/EVR/MoCo), multiple from GS, multiple from CS Sponsors, Citi and multiple from DB. Most people - including yourself - would suck a lot of d to get into one of those places, so it's clear the group and the firm pay competitively enough to attract talent. You made no comment about the analysts because you can't lie about that. They got Street or better and there's no getting around it no matter how butthurt that makes you feel.

Keep lying if you want, but this topic is over.

 

http://www.leveragedfinancenews.com/data/high_yield_league_tables.html

  1. JP Morgan 5,327.7 1 1,883.7
  2. Bank of America Merrill Lynch 5,106.5 2 2,123.1 3, Goldman Sachs & Co 4,541.9 3 726.4
  3. Citi 3,998.6 4 587.6
  4. Morgan Stanley 2,734.0 5 740.9
  5. Credit Suisse 2,494.8 6 622.5
  6. Deutsche Bank AG 2,334.2 7 1,023.9
  7. Wells Fargo & Co 2,055.5 8 830.5
  8. Barclays Capital 1,894.3 9 187.8
  9. UBS 1,474.4

Currently 10th, FSLF is always a good group but they lost the west coast office I believe.

 

which office?

I interview with them a few months in SF and the team was extremely lean. When I interviewed there was 1 lev fin md, 1 restructuring md, 1 sponsors md. No VPs (that I noticed) and a few associates and analysts. They were looking to hire and expand the group.

Not too sure if deal flow is coming back.

 

Jimbo, just out of curiosity, what is this seething vendetta you have against UBS all about? It's gotta to the point where I'm legitimately curious as to how someone can hate something enough to go out of their way to rail on it at seemingly every available opportunity.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

definitely not ivy quality but ubs is a decent mid market bank. see them a lot on the 300-500 million deals with one or two big ones but definitely not as good as they were in the pre-2008 years.

 

To counter some of these undergraduate comments... here are some deals for you within the past year from the FSLF group.

transdigm/mckechnie transaction ($1.27B) http://www.bloomberg.com/news/2010-09-27/transdigm-to-acquire-mckechnie…

IDC buyout ($3.4B) http://www.marketwatch.com/story/interactive-data-agrees-to-34-billion-…

Tomkins plc ($4.5B) http://www.bloomberg.com/news/2010-09-03/citigroup-sets-bank-meeting-on…

Associated Materials buyout ($1.3B) http://dealbook.blogs.nytimes.com/2010/09/08/hellman-friedman-to-buy-as…

I'm sure there are more out there. And note that none of these are energy deals.
.... start doing some actual reading; you guys need to stop using WSO as your sole-source of info. Basically, get your head out of your ass.

 

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