Read from the news that UBS intends to retain over 100 APAC dealmakers, including APAC TMT head based in HongKong and various country head in Korea and SEA.
Any idea on how this may impact juniors and summer analysts in HongKong? Any chances juniors in TMT move to UBS with their head? Will return offers being extended more in any specific regions or groups?
| +128 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 1d | |
| +49 | Intern Ettiquette | 14 | 8h | |
| +47 | Ranking banks that went under | 34 | 6h | |
| +39 | Burnt Out M&A ASO | 22 | 1d | |
| +38 | Relevance of A-Levels for U.K. London recruiting | 27 | 24s | |
| +26 | What are hours like at BBs in London? | 48 | 10h | |
| +26 | 2024 new grads who didnt get return offers update | 12 | 13h | |
| +19 | 3.7 at semi target, how can I prep for recrutiing | 5 | 4d | |
| +19 | Lateral from BB M&A to MM A&D - Tips for Interviewing for A&D? | 7 | 5d | |
| +19 | PSA to gymcels: focus on the summer internship | 9 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
All I do know is that the APAC TMT head is a huge rainmaker with close ties to Alibaba and the like. And if they do bring in heads, they'll need juniors to do their grunt work as well. I'm certainly not too worried about juniors, but summer analysts are a different story...
Could that happen if UBS try to reduce costs and replace some of the existing juniors with incoming SA as they are cheaper?
Dont think you should be worried about workforce reduction. Their allocated capital for IB will be the same, however given the merger the absolute value of the allocated capital will also increase which increases headcount substantially too, unless the allocated for CS was much bigger it’s a trivial thought to worry about that no one knows yet how it exactly pans out.
Odio dolor fuga minima. Earum doloribus tempora rerum et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...