UBS or RBC
UBS or RBC, which is a better bank to pick if you want optionality? This is for summer analyst 2024. I am solely asking based on exits.
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Had the exact same decision to make last year. I consulted my finance careers advisor and she said that UBS objectively has better reputation and exit opps.
What school?
Do not come to RBC. Fucking hell hole.
Why? I thought RBC had great culture and is growing.
There has never been a bank that has managed to keep a "good" culture while growing at a significant pace
do you mind expanding on why? i’ve only heard and seen good things about them on wso + older students.
group?
They are both generalist offers.
I would go w UBS - RBC is meh a lot of pitching
Hey OP, DM me
UBS has been around longer and generally has some consistent deal flow. Worth noting the they have continued to shrink their IB division, but for pure exits the two are probably similar, very group dependent.
As an RBC VP, take UBS.
For a work environment, t's going to be group dependent - work at RBC and I really like my team / job. Have had lots of inbounds from Tier 1 bank recruiters (funnily more top EBs vs GS/MS) and while there's obviously a significant step up in reputation with a lot of those names and ofc there's always a nice pay bump when you lateral, I can't be bothered because I'm willing to give that up for the peace of mind. Also it's a very stable bank in down-markets. Clearly others above don't like their team / job as much and you should definitely also consider their opinion.
For exits though, UBS still has a legacy name and there's a lot of inertia that goes with that - there are certain groups at RBC that would exit at least as well as the median UBS group but there are a lot that wouldn't.
which groups at RBC would have the better exits and which groups would generally not? thank u
Better = FIG, PU&I, Energy
Around the same = M&A, CME
Worse = most of the rest, no one can give you a totally accurate read because no one has 100% insight into each group
UBS. Between CS and Barclays hires its going to be the strongest non American BB by year end
Idk much about what UBS is like but RBC is one of the most woke banks on the street - if you’re into that sort of thing / have the right genetics to benefit from it.
what do you mean by “woke bank”? does this impact the type of deals they do or is this more of a culture thing.
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