Unicredit Group

I know that this bank is big in Austria, Germany, Italy and East Europe but I am wondering if anybody has heard of it on Wall Street. I am just curious because I can spend the summer working there but I am not sure if it is worth it. Any advice is welcome.

17 Comments
 

Well, I can't really say how known it is on Wall St., but if you don't have anything else, it is probably better than nothing. After all it is an i-bank...

 

any job in finance can give you good experience, if they're gonna pay you to work this summer and you've got nothing else, why would you say no???

 

Hi Kimi,

UniCredit's recruiting seems rather untraditional indeed.

One thing I thought of about their recruiting is that perhaps they were on the move rather late for interns and want to simplify the process. I don't know when they opened for applications, but on this active financial recruiting site they uploaded their recruiting post 8th of May which is ridic.

As you can see from their website:

You are about to begin the UniCredit Summer Internship Program, consisting of three stages: an on-line application (web based questionnaire and curriculum vitae submission), a telephone orientation interview and finally an interview with a business line manager.

(Does this mean you can still apply?)

I bet you're fine in terms of the process.

UniCredit would most likely not be the first option for top b-school students in EU, perhaps they have lower standards and tend to skip most of the technical/fit questions.

 

The internship is actually on the FX Trading desk. I know this is Ibanking forum, but I wanted some responses quicker than the trading forum.

Any idea how FX is there?

I think it is a very good op for me as I am starting a two year grad program and this is not my penultimate year, so to get a FO FX Trading desk offer seemed really good considering ill have another summer for interning.

Thoughts?

 
Best Response

The Munich IBD division of Unicredit had hell of per head profits the last year. I.e. way higher than UBS in Europe. I'm actually not sure how's the split there, having said that I dunno if they just do M&A/Advisory stuff or also all kinds of trading. M&A/Advisory on a LTM/YTD basis is looking kinda good this year, around the top 20 in the league tables in Europe. Most of their business is coming from Italy, Germany, Austria and Eastern Europe though.

I cannot really judge them on the trading side. Anyways, Unicredit in London is better than doing nothing, right? If you have no options, it won't hurt you.

 

Oh I have already accepted it, i did on the spot.

I was just hoping to learn a little more on how the bank is perceived bc it seems like a rather new operation london as well as the fact that unicredit seems to have been born of a series of M&A's. It kinda of feels like BAML in that regard.

 

That is what I thought- good opp considering I'll have another summer.

I think if I do a good job i might come out of the summer with an internship offer for the following summer with Unicredit and have that as a backup as I try to leverage my experience into a BB.

 

bringing this back from the dead. I was offered a 6-month internship from UniCredit in Munich, but in LBO's. Any opinions? Is this a good opportunity considering this is my last summer before graduating, as I am coming from a Non-target?

 

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