9 Comments
 

Deal flow continues to get worse, culture continues to get worse, volume of layoffs looking worse in 2025.

Even if you were an intern, it’s gotten worse since then

Shop it, even if a tier 2 city MM

 

im at UBS, i would shop the offer.

yes there are some specific areas at UBS that are really good, but good chance you find yourself in a pitching hell doom loop in tech or working trash sub 100mm deals for psycho mds in GIG/HC/CPR who act like its a 20bn deal and expect you to work 100 hours.  

Unless fully confident you can get a lev fin spot or be good enough in whatever sector group to be the top 20% that get to work on actual worthwhile stuff, Id steer clear

 
Most Helpful

Depends on the group. Also, it is ridiculous to say GIG works on sub-100MM deals, GIG did 0 of this the past year and has done multiple 1Bn+ deals. I cannot speak to the other groups, but it's ridiculous to say that's the case for GIG. Most analysts get deal experience with many getting M&A experience, mostly middle market stuff (not sub 100MM) with some getting large-cap deal experiences. Also, it's not like being lead left on a LevFin deal and/or running an ECM process still is not a deal experience to put under transactional experience. 

I think what's more accurate to say is that UBS has a widespread difference in groups and even in experiences within the group. The best LevFin analysts get all the LBO and the worst ones get all the amend and extends + refins. Same with industry groups that have any semblance of flow (so no tech for example) where the split in experiences between the top and middle bucket analysts are drastically different from the bottom bucket ones.

 

It depends on the group. I will only discuss the key coverage groups and the other relevant groups. 

No need to shop, you'll very likely get transactional experience: LevFin, Sponsors, Industrials

Would not shop, but caveats - HC, FIG, and M&A - HC works on a lot of things on the smaller end as well, so could end up getting unlucky and staffed on a lot of those, but expect to get deal experience across products. FIG falls here because it's FIG and inherently more niche than other coverage groups, stick with it if you like and don't if you don't like FIG. M&A also falls here, as although it's the bank's weakest product you will most likely get a deal or two closed if an average analyst even if it's mostly pitching, and depending on how good of an analyst you are, your experience will vary wildly. 

I would take any comparable bank unless I can be sure you will be in the top bucket - Consumer 

Would shop no matter what: Tech and M&T - are both shitshows of groups.

Edit: Just want to caveat all of this post by saying if you get a better offer then obviously take it, but this is the answer for whether or not you should try to stick with your offer based on group assuming you don't have a better offer at the very moment. 

 

Et totam eveniet voluptas nemo mollitia aut. Occaecati aspernatur repellat sequi ipsam esse eum nostrum. Consequuntur natus assumenda error quis rerum minus. Cumque nulla enim officiis aut vero.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 11 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”