UBS Return Rates
Getting worried about returns for this summer for UBS especially given the firm is changing so rapidly. I am just wondering if anyone has any idea of what to expect and if anyone has group specific number.
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If you’re in GIG you’re fucked as an intern. Heard they are taking half the intern class. Good luck Thursday y’all interns
Heard GHG is like 100%
m&a is 80%
How were returns now they are out?
bloodbath (sub 40% offers)
Holy shit
What group?
2/5 for M&A, with one offer being a bit questionable
[@bronzbomba] any numbers here or insight?
Offer rates were pretty high overall it seems to me. This is the first intern class where its fully UBS controlled recruiting.
To reiterate think the fear mongering above is fake.
UBS always had far more retards and DEIs than CS lmao. CS was tiers above bottom BBs like UBS thus the quality of the recruits were better than those of UBS too. Like Mizuho bankers working with Greenhill, UBS plebs should be grateful for being able to work with CS bankers lol.
Not wrong on the UBS DEI point. You can tell that they're trying to hire women for the sake of hiring women. I have done superdays and HR even said they have target quotas for women they try to hit, so inevitably some are going to slip through the cracks.
I have worked with a number of badass women bankers - a bunch of these hires aren't among them.
Can confirm - was in the board room deciding about returns for my group. There was a consensus that we needed more younger female analysts to have inappropriate interactions with. I also brought up how some of the male interns were pretty hot as well but I think I was in the minority with that point
Literally would see so many dumb females from targets like umich and Georgetown get offers at ubs so knew something was up
CS recruiting classes were definitely stronger up until the 2020 summer class. Since then their quality has fallen off, understandably
Depends on the group. Shocked bronzbomb is off here as he is usually on base. LevFin must've had great return rates, but think some other groups were worse. Overall return rates were fine, but very much group dependent there.
Which groups were low? I care about my accuracy rate! :)
Gathering numbers from across the firm, this year's return numbers are probably 65% give or take. It was better than last year, but slightly worse than before merger. Some outliers existed but most were in that 60-80% range. Not a "it's yours to lose" type of deal, you had to be a solid intern who had something going for you but no real requirement to be exceptional. Banks are usually pretty good at picking people out, so the rate is slightly below average but by no means a bloodbath.
Incoming intern for next summer. Do you think return offers in GIG for next summer will be better than this year's?
No, it will very likely be worse. This year's intern class was A) smaller than next, and B) this summer UBS was more bullish than it is even now. Even this summer, the CEO and leadership were talking up IB and desire for growth. Looking now 2 months after summer interns ended, no such growth has come and from what I've seen he difference in pipelines varies WIDELY across groups(some pretty decent/up to expectations like GIG or FIG but others being practically non-existent like all of TMT). Thus, expect the firm to be less bullish on IB hiring come next year unless the pipeline drastically changes or some big wins happen in the next few months(seems a bit unlikely), and thus lower rates.
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