Any idea what the return offer rate for UBS will be this summer? Additionally, how much does group performance better for return offer rates? I got positive feedback in my reviews, but am worried as the bank seems to be struggling.
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I’ve heard on good authority that they are targeting a 30% return offer rate
Not a chance that’s true firm wide.. could see that for a single group maybe but this is fear mongering
Last year return offer rate was pretty gnarly (~60% average, some groups much higher/lower) and the lowest in many years. Seemed like leadership wants to operate with a skeleton crew.
Would expect ~50-60% this year but varying heavily by group.
What groups do you think might have high return rates vs. low? Is it just based on performance for this year so far?
Del
.
Not an intern ignore title
Yes interns got bad feedback or things to improve. No they’re not admitting it to other interns lol
would expect ~50-70% return offer rate
What do you mean by lucky with staffings? Also do you know if it matters that you work with multiple people vs. mostly with the same people? It seems like most people got good feedback in every group, so not sure how to stand out here. I am worried because If offer rates are 50-60%, not sure if just being good will be good enough if non-diversity and non-nepo.
Ignore title, bumping this up as I am in a very strong intern class and and am scared for Friday
Which groups historically have high return rates vs low? Thanks
GIG / LF are historically high and FSG / M&A are historically low especially considering how FSG laid off analysts recently
Not getting an M&A return offer is a blessing
Tech gave returns to less than half last year. Expect M&A, FSG and Tech to have the lowest return rates. M&A and FSG are combined for budget purposes, performing horribly, and have recently fired juniors. GIG returns will be lower than previous years as multiple rainmakers have left recently. Most other groups should be fine.
Are we all fucked
Congrats on UBS!
LevFin is getting smoked. Weak class this year apparently
Yes they all are terrible
Last years interns were kinda shit too. Intern classes 2-3 years ago much stronger
Have heard interns across the bank are weak. Not shocking as the banks reputation and deal flow has fallen rapidly since the merger. Any class that recruited for the internship pre 2023 or so is going to not have any strong candidates. Intern class is weak across the bank, and I am not sure the top groups have better quality of interns either, seems like it's all bad. I would expect UBS to do some full-time recruiting.
FIG? RELL?
Rumor a grouphead was overheard saying if he could, he would offer 0 interns in his group
R9 here
My group’s return rate will be ~80% based on internal discussions
Which group?
Not sharing that info but should be similar across the bank unless some groups hire below the HR quota if their class is too bad
Not the case elsewhere. Most other groups are running 40-80% returns, averaging around 60%. Interns across the board are terrible with very few standouts. Unless you're missing deadlines, making the same mistake all the time, or have a genuinely awful attitude, you're getting a return offer.
Helping a friend recruit out of the summer 2026 class (They are in Levfin). The commentary they gave on the class was that everyone was truly incompetent but it was also the fault of the analysts and associates who refused to assign much work or give anyone training (likely they themselves are untrained). The VP's and Directors are notably frustrated and do a lot of the heavy lifting it sounds like, they have a disdain for the entirety of the intern class and even told someone in the class that none of them deserved a shot here. MD's seem entirely absent? some interns have never even interacted with seniors entirely, despite there being quite a few, many do not even come into the office. Now granted my friend is quite a dud himself I owe him a favor and do have some sympathy for him, co-interns are recruiting out for FT and struggling quite a bit it sounds like (Incompetence likely). I imagine there will be 1-2 kids who escape and get something equivalent or below FT, most will not event get returns and we can only hope the ones that stay get an exit at some point.
Can I dm
I’m sure intern quality is slightly down, but I have a very hard time believing an entire class is just fucked like that.
Are the analysts/asos/directors so bad at training and developing intern talent? Do the midlevels and seniors just not give a fuck about the next crop of people?
they don’t give a fuck about the next crop of juniors, they don’t even give a fuck about the current juniors
LevFin truly has a shitter intern class this year - source: UBS LevFin An2
Bank-wide problem: UBS is simply losing talent as it falls in the league tables. Hearing the same complaints across multiple groups. The interns this year are noticeably weaker than prior classe, incompetent, resistant to feedback, attitude problems. The best intern this cycle probably wouldn't have gotten a return offer two or three years ago. Sure, some blame falls on analyst/associate training, but the intern quality itself has declined. If you can't land a return offer at a bank with low standards, banking probably isn't for you.
Is this across the street or just ubs
The pitches we get from UBS are legitimately garbage. Looks like an intern made them in Claude.
Bump
Nothing to bump. Return rates will tank because this intern class is so weak, which seems to be consensus across all groups. UBS will likely need heavy full-time recruiting to fill spots they’d normally get from returns. If you can’t get a return offer from this class, banking probably isn’t for you. Banking is likely also not for many who get a return as some really weak interns ended up getting returns this year since they were better than their (shitty) peers. If you did get a return, banking might also not be for you, because the bar was so low this year that some genuinely terrible interns still got offers just to avoid looking bad on return rates.
Bank already has a junior talent problem relative to pre-CS merger classes (both on UBS and CS sides).
Return offers are truly yours to lose. If you can’t demonstrate basic competency or have a shitty attitude or effort, you are not entitled to a full time job in IB. Simple as that.
Quality is down because league table are down and UBS has been consistently trashed on here for 3+ years.
The only folks accepting UBS for a banking internship are those who couldnt get an offer anywhere else even some what reputable
The kiss of death was merging with Credit Suisse while letting a bunch of clueless ex-Barclays bros believe they had all the answers. That level of hubris sealed the firm’s fate.
LF interns actually the worst and genuinely have never seen this level of entitlement and disrespect towards full times
How so? Any specific examples?
Explain, story time or any examples?
Oh no, the interns don’t want to format the ComCo memo for Project Bumblefuck at 2 am, they’re so entitled…
You mean v20 of the Project Bumblefuck Memo that is likely to not get across the finish line
Maybe it's actually a blessing. LevFin works on internal memo's for 80 hours a day for deals that never go through. Good luck leaving. Your options are either to stay at a sinking ship of a firm in UBS or go into Private Credit, which is a sinking ship of an industry.
Guys you have no idea, I’m on 13 memos that are all super busy all at once and not likely to close like
UBS LF is paradise
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