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I know UBS lost majority of its NY tech MDs few years ago (I guess thats with all UBS groups now). Not sure how much they have been able to build back.

 

Tech is much stronger in the SF office. The NY offices strength is the MT part of TMT, but have no doubt you will still get exposure to several Tech deals.

 

UBS Tech is non-existent out of NY (as someone mentioned earlier, their MDs all left a couple years ago).

M&T is very good (telecom especially) and competes strongly with GS/MS. For all the shit that gets talked about on this site- reality is there are a few good groups still there.

Group places well into PE/HF. Not KKR or anything, but strong shops.

 

Can you give a few examples of the strong shops? Much thanks.

Also, someone mentioned that Tech is mainly in SF, which makes sense. How is that group?

 

So are you guys just regurgitating the material found elsewhere on this site or do you actually know solid examples of placements by the TMT group?

 

The UBS TMT group is solid- the kids go on to Gores, Ares, Platinum, etc. One went to KKR, otherwise its smaller shops. Aryeh was the head of TMT for a hot second before running the ibank (a result of the previous heads going to Citi), so I'm not sure how much that matters. I'd telecom and media are actually the weaker bits, and SF tech is the strongest, but the turnover is ridiculous.

 
ExAnalystinFilmThe UBS TMT group is solid- the kids go on to Gores, Ares, Platinum, etc. One went to KKR, otherwise its smaller shops. Aryeh was the head of TMT for a hot second before running the ibank (a result of the previous heads going to Citi), so I'm not sure how much that matters. I'd telecom and media are actually the weaker bits, and SF tech is the strongest, but the turnover is ridiculous.

I agree, the group is getting weaker and weaker every year. Most analysts work 100+ hours every week just to stay alive and not get fired. Those who have been lucky enough to escape have ended up at crappy shops across the street, many end up going to corp dev jobs.

The culture is not very supportive of exit opps. I know all of this because I used to work there. Feel free to PM me if you want more info.

Overall: stay far away from this group.

 
jackandcoke11
ExAnalystinFilmThe UBS TMT group is solid- the kids go on to Gores, Ares, Platinum, etc. One went to KKR, otherwise its smaller shops. Aryeh was the head of TMT for a hot second before running the ibank (a result of the previous heads going to Citi), so I'm not sure how much that matters. I'd telecom and media are actually the weaker bits, and SF tech is the strongest, but the turnover is ridiculous.

I agree, the group is getting weaker and weaker every year. Most analysts work 100+ hours every week just to stay alive and not get fired. Those who have been lucky enough to escape have ended up at crappy shops across the street, many end up going to corp dev jobs.

The culture is not very supportive of exit opps. I know all of this because I used to work there. Feel free to PM me if you want more info.

Overall: stay far away from this group.

Not an expert on this situation, but sounds like your evaluation is for basically all of UBS IBD. Pretty unfortunate for what used to be a strong franchise in the US

 

Seems like IB as a whole is becoming less of a focus for them. I'd obviously take the interview and decide after you have offers though

 
SingularityVC

I have a serious interest in TMT Investment Banking and have a first-round interview with UBS this upcoming week.

Congratulations.

SingularityVC

is that a group still worth pursuing?

Well...

SingularityVC

I have a serious interest in TMT Investment Banking

Probably worth pursuing.

 

why kids who are not in the industry and more than likely will never sit on an IB desk keep making comments is beyond me.

Yes UBS was hit hard several years ago, but it has grown since 2012 pretty significantly. TMT right now is doing relatively well. I will go ahead and assume not at the same level as GS or JPM TMT, but it is nothing to sneeze at. For example, mandated on the Cognizant/Trizetto deal.

 

I'm currently at an IB in TMT coverage at a firm that is higher ranked in the league tables than UBS, but thanks. Apparently I'm not qualified to speak about banking or my space but you go ahead and assume things. You know what happens when you assume right?

 

UBS is faring much better than people on here make it seem. You really don't realize where banks are until after you've actually worked on the street. So beware of loser college juniors (and even seniors in some cases) that post as though they have their finger on the pulse of Wall Street.

Sure, it might not place at megafunds at the level of GS/MS/JPM and BX (PJT?)/LAZ/GHL/EVR, but the opportunities out of UBS are still great, and you will still feel the love from headhunters.

 

I think Siemens asked them to auction off something or other. Although that might have been classed as a Healthcare deal. Not too sure.

__________ Just my 2c.
 

My friend who interned at UBS SF TMT group in 2008 accepted his FT offer there for Fall 2009. It was deferred to Spring 2010. He worked there for 4 months and said that there was no work to do for anybody. He left after 4 months and lateraled to another BB. He said his coworkers didn't even notice that he was gone for days interviewing, because nobody was ever working. This is just one person's experience at UBS SF TMT, but his experience was pretty bad.

 
Best Response
mastergMy friend who interned at UBS SF TMT group in 2008 accepted his FT offer there for Fall 2009. It was deferred to Spring 2010. He worked there for 4 months and said that there was no work to do for anybody. He left after 4 months and lateraled to another BB. He said his coworkers didn't even notice that he was gone for days interviewing, because nobody was ever working. This is just one person's experience at UBS SF TMT, but his experience was pretty bad.

Well yeah, they had no work because their MDs all left. But I know for a fact they saw a rebound after they hired a pack of MDs from Morgan Stanley and JPMorgan in Mid-2010. How's the SF team doing now?

For NY, I've narrowed my options down to TMT, M&A and Financial Sponsors.
Trying to decide how to rank my preferences, so I'll be prepared for sell day. Thanks for all the input guys.

 

you will work HARD. The office has not changed in that respect. Still strong analyst placement, at least there was before the lay offs. There are still some very impressive senior people in this office - who will demand a lot but who I'd imagine you'd learn a lot from. If you want west coast, I would still consider this next along with Moelis as most desirable for exit opps/prestige.

 

for what it's worth, the global head of tech is based out of la. also those 2nd years who were "laid off" already had pe and hf offers. they were approached before being let go and didn't mind leaving early, since they had offers anyway. bigmonkey31, do you have an offer from them? did they recruit at your school or was it on a referral basis?

 

UBS TMT was the lead adviser on one of the largest tech M&A deal announced this quarter also saw them on the AT&T billion dollar deal. I'd say it's legit. For sell day, I'd definitely pick TMT or FS/LF. Like no homo said, the M&A group isn't doing so hot on the league tables.

 

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