UBS LA versus Goldman SF

Goldman SF

Go to GS. Will be better for exit ops

I would rather take UBS LA

So, you have these two and also Bear Stearns and DB securitization. Do you have offers from all four? Or are you just pulling shit out of your ass?

In case you have all four, UBS LA is by far the best choice. But Idoubt you do, because they don't take that many interns and you are like the 3rd on this board who has been "offered" an internship with UBS LA

I disagree. Unless you plan on attempting to lateral to GS NYC, I would go for UBS LA, all other things equal. Of course both would be outstanding, so it really does matter which people you prefer (as you'll be spending ~90 hrs a week with these people), but UBS LA is, IMO, hands down the best banking experience you can get outside of NYC. And in terms of exit opps, virtually all their analysts go into PE (including about one per year going to KKR Menlo Park), so assuming that's what you are interested in, I would again recommend the generalist program at UBS LA.

Do you guys know any of the guys at GS TMT or UBS la. How do the cultures compare? (not hours)

UBS LA has a frat-like culture. Wear jeans to work occasionally, beer in the office on Fridays, etc.

June and is now at KKR menlo park. As cdn described, the culture is very aggressive and they work you hard. however, it does have close camaraderie. At UBS LA, you also work on real estate/gaming as well. Mostly M&A/LBO/high yield work though. I'd take UBS LA if you want to be on west coast after your banking stint. Otherwise, I'd take GS since name carries more weight especially on the east coast. Some may disagree that UBS LA does as well, but my friend was telling me that it was hard to get tier 1 PE shops in NYC.

anyone think that if Moelis and/or navid left LA, UBS would refocus on NY like everyone else?

No, in the hierarchy Woo (who still works in the office as an advisor), Brian Webber, Raich, etc are all ahead of Navid. Navid's just 'on fire' this year because he s running Ken Moelis' deals. Think about Univision (Moelis IPO'd them) and Adelphia (another one of Ken's client). James Stewart is ripping it apart too - Wynn Financing, Harrah's as the exclusive advisor ....

That office has a lot of ammo. Look at CS - they lost Hookes and Lannigan and everyone thought the LA office would fold - CS didnt fold it because the old DLJ culture s pretty unique and not neccessarily easy to fold into CS NY.

Congrats on GS SF. I was at the 2/12 superday and did not advance.