UBS vs. Jefferies

I would go with Jefferies. They are smokin hot right now with a super solid balance sheet. I have a couple friends working there now and love it.

Thanks westfald, what about exit ops? I was wondering if they're going to be the same in 3-4 years especially since ubs will probably no longer get megafunds so MM PE will be the same for both? I would like to do PE or MBA so I guess either is ok for that? Does anyone know how hard UBS has declined?

UBS if you really want to have an international career and getting fired from UBS will not be that big an impediment to get another job! It's more difficult if you're fired from Jefferies.

The ques is : in which dept do you want to work and what kind of career are you hoping for?

the more ambitious and foreign oriented you are: the more likely you'll love ubs. ubs are reshaping the firm right now and the future doesnt look that bad as many pple might think

i kw a few friends from jefferies who've interviewed at ubs and got rejected

jefferies close to becoming BB? and is UBS still considered a BB

Jefferies have come in leaps and bounds since the crisis. Whilst the strategy at UBS isn't really clear. They might clearly signal their intention to play with the big boys once again by poaching tons of MDs and cranking the balance sheet up. But on the other hand they might take things more slowly and frugally.

Right now Jef looks to be a better choice (assuming you go for their top teams), but in the long run UBS will bounce back. The question is only of when.

jefferies is MM, I know since i went to their info session and interview and they don't have structure nor want to be a large bank. But I just want to talk about a good MM vs a declining large bank like UBS

I would put both at about equal though UBS is still 13th on U.S. leagues (top 15 bank) and Jefferies is at 25th (top 30 bank usually). UBS will give you bigger and more interesting deals, but who knows what will happen in the future.

didnt vault put Jefferies really high on most prestigious employers...even higher than citi&bofa so its gonna be good

Phillie: Don't troll if you're going to ask the board for help about why you can't get interviews with ur 3.4 gpa from "an ivy".

bump serious responses please

go for UBS

UBS is recognized worldwide, very strong in Europe and one of the strongest in Asia. I wouldn't think twice.

anybody know about recent bonus figures at both banks? i'm assuming both are standard 70K for 1st year analysts?

Jefco is on a roll, you'll get a very good experience there. And for whatever reason they are under-represented at top business school so that is an angle you can work.

i'd go jefferies

Hey,

I recently interviewed for UBS. I had a great experience meeting with the Analysts/ Associate staff and received an offer from UBS. Overall, I do believe that UBS is a much better firm than Jefferies.

On the other hand, Jefferies did not give me an interview spot while on campus. This made some sense because they have a lower requirement from applicants, and have a bunch of clowns on their list for interviews.

If given both offers, take UBS over Jefferies!

Whats the difference between a MM and a boutique?

You never compare BB with MM. You only compare BB with top elite boutiques. Period.

Jefferies - see Exxon Mobil deal, see Healthcare

ukon, what about bb capital markets vs jefferies m&a (i realize there are other threads on this). in general, agreed but not always so simple

ukon, what about bb capital markets vs jefferies m&a (i realize there are other threads on this). in general, agreed but not always so simple

^Akon can you comment on how it's a no brainer?

Definitely UBS.

Definitely jefferies.

really? UBS is still a BB despite everything and while Jefferies is a solid MM does its recent deals/growth compete with UBS?

Honestly, why would anyone (assuming they have a choice) go to UBS? It is a horrible culture, weak bank, and a sweat-shop.

Lazard, Moelis, Blackstone also have rough cultures with sweatshop hours. I know UBS aren't as great as those 3 firms but they are still a BB whereas Jefferies is a decent MM.

.

I got offers from both UBS and Jefferies... I took UBS, you can PM me.

ubs is not a bb anymore in the us so go with jeff

besides BBs and elite boutiques are there any investment banks that are definitely better than jefferies? (thinking along likes of HLHZ, William Blair or larger places like HSBC and BNP IBD)

in terms of prestige in the US. I think Jefferies is on par with HLHZ, and more "prestigious" than the other firms you've listed.

what about nomura vs ubs?

Several friends of mine are at Jefferies... they're getting a ton of big name deals though working obscene hours as a consequence. Also are ranked #3 on league tables (Goldman is #4) for equity-linked. Not a bad place to be.

i took jeffco but for fixed income s+t growing

hahahah GS/MS/JPM > UBS then uBS

how can you ask such a question.... in Europe and Asia alll the people I know at Jefferies are so despereate to get out that they are happy to accept LLoyds banking group or SocGen ...... hahahahhaha

Jefferies that shithole haha

Jefferies has a good reputation for a firm its size.

UBS is a BB, with typical BB training programs, and way more international exposure.

In the U.S. and especially on these boards it gets torn apart (it has scaled down recruiting in the U.S.) but it is one of the largest, most well-regarded banks worldwide. It's one of the biggest players in PWM.

Comparing HSBC and BNP to jefferies is like comparing apples to oranges; they are completely different. HSBC and BNP (esp BNP) recruit way more of its talent from Europe.

BNP is also one of the largest (if not the largest) banks in the world. I know colleagues that work there who say the work environment is much better than American BB's -- this could just be a general europe thing.

HSBC is a powerhouse in asia (hong kong) but is a British bank, interesting history there.

Whoever said Jefferies is more prestigious than BNP/HSBC is a moron. Impossible to compare.

HSBC and BNP are definitely much harder to break into (again, mostly because they recruit from Europe), i'll tell you that much... Jefferies was handing out job offers this year to my class and kids weren't even giving it the fair consideration I think it deserves.

Dude I am talking about Lloyds banking group and SocGen .. not HSBC and BNPP..

BNPP is great but you get paid shit and won't become any higher than Associate if you are not called Pierre / Guillaume

Jefferies may be good but UBS def. deserves its respect, that idiot Huw Jenkins already got terminated and management is determined to get UBS back to where it was..

Its just crazy people compare it with shitholes such as Jefferies, HSBC, BNPP.

pivot, your post is so wrong i don't even know where to start.

firstly, lloyds is basically a huge retail bank. literally, thats all it is. same with Societe Generale... it owns stakes in other industries like AM but its business, for all purposes, is run on retail banking. Conversely, BNP & HSBC are more involved in corporate finance (though HSBC also maintains retail banking as a large part of its business)

and regarding comp, you have no idea what you're talking about. you get paid very well at BNP.

based off this quarter's comp allocation, jeffco paid on average 575,000 per employee

based off the 442,892,000 comp number in their latest report

correct me if i'm wrong, but i think this is one of the highest numbers on the street

i know they raided the healthcare team team (Lorello)

http://online.barrons.com/article/SB50001424052970203965104576218611338…

http://www.jefferies.com/pdfs/2011Q1FinancialResults.pdf

If you're looking to go international one day I'd say UBS, otherwise, if you're destiny is wall street banking for life, perhaps jeff's