Wells Fargo IBD/Capital Markets, UBS DCM, or TAP Advisors?
Hey everyone,
I was lucky enough to receive 3 offers this SA recruiting season from:
1) Wells Fargo Investment Banking and Capital Markets (group decisions/assignments are made after accepting the offer) located in Charlotte
2) UBS DCM located in NYC
3) TAP Advisors, a boutique M&A investment bank focused on telecom
I plan on recruiting for full time IBD positions at BB's and I was wondering which SA position would set me up the best for that. I figure that being in NYC would be very advantageous for recruiting purposes. Does the "name brand" matter more than the job functions? (i.e. should I take UBS over TAP?). Btw, I do attend a target (H/Y/P). Thanks!
Personally, I would go with UBS. NYC is going to make FT recruiting easier plus I UBS DCM is a a very reputable internship. Also, some BBs don't split their capital markets from IBD and hire FT analysts as generalist. In that case you could work to get in a traditional IBD group during placement. Either way, coming from a target and having UBS DCM on your resume should make you a competitive candidate for FT.
From my understanding, UBS DCM in NYC works in the leveraged capital markets while investment grade operates out of stamford. Just an interesting tip for you
TAP is the only relevant option for you here. When BB hire, they only want to know how much technical skills / transaction experience you had over the summer. TAP will give you that. (I know someone at TAP who rejected Goldman IBD offer and joined TAP, that's how much better experience you get at TAP). Look at TAP's transaction page, they are executing lots of big M&A deals in telecom (over $1bn M&A transactions). Especially, TAP was co-founded by ex-UBS telecom heads who brought in all the big clients into TAP. If you wanna do IBD at BB and you have offers from ECM/DCM at wells/UBS, do TAP.
your friend is retarded if he took TAP over GS IBD (unless it was a group-specific offer at some esoteric financing group).
TAP's done decent over the last couple of years, yes, but they're not really well established at all yet. UBS/WF are both viable options as well.
I would suggest UBS to, especially if it is LevFin
Exercitationem qui illum sit. Et rerum enim laudantium ut at. Et consequatur dolor vel facere ut magnam at delectus. Rerum et iure repudiandae ut qui. Distinctio in molestias error voluptatum qui voluptatem ipsam.
Ut dolores dolorem quaerat. Ipsam eaque dolore amet doloremque. Quia laudantium itaque quidem quo incidunt. Et expedita ipsam porro dolores occaecati. Repellat deserunt necessitatibus amet.
Qui facilis labore eius quibusdam cumque totam quod. Id doloribus sunt quia ut velit.
Numquam rerum sint est quia nihil est. Reprehenderit vel itaque harum rem sequi. Nostrum excepturi mollitia eum odit eum cumque.
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...