Cognizant equity research

Has anyone had any experience with them or any information to share? Are certain IB roles outsourced to them and you do it, in some cases you work at the IB with the team, would this be worth persueing?

23 Comments
 

Bump. I had an initial interview with them, but I am currently working in an IB M&A role, so not sure if it's worse to take a pay cut and go live in NY with a higher cost of living. I imagine there are more future prospects in NY compared to good ol' Nebraska, though. And I am tired of CIM editing...

Anyone have any experience with them? What exactly are they doing? From Google searches, it seems like they provide support to UBS...

 

I am doing a modeling assessment currently with them. The first round interviewer (someone from India) mentioned the role will be a permanent role with one of Cognizant's client (possibly UBS), working with a senior analyst. I spoke with the head of research at UBS back in 2012 and he mentioned the firm was looking to cut costs by opening another non-NYC office to train associates, but it seems that never materialized. Perhaps this is UBS trying to save on hiring costs for associates? I'm guessing this type of role could be similar to a traditional equity research associate role, but just be paying substantially less and also you won't be an employee of the bank.

Curious if anyone has updates with them.

 

i an with the similar situation, received a phone call for first round. How long did you wait before getting the financial assessment?

 

they said if there is interest from the client firm (the bank) I would hear from them, but it's been a few weeks and no response

 
Best Response

I recently submitted the modeling assignment. How did that go for you?

I couldn't get the balance sheet to balance so it's somewhat wrong. It was only off by a little bit so I invented a line item ("other assets") to get it to balance. Not expecting anything. And I'm pretty sure the model isn't the final step in the process. I read on Glassdoor that the final stage is to go into UBS for "fit" interview.

I still don't totally understand the role anyway. It seems like UBS is trying to offload some of its ER work to cut costs, so they're going through Cognizant which acts as sort of a consultant. Then they only have to pay each person five-figures instead of low six-figures if they were to hire them directly as a full-time UBS employee. (Based on my interpretation.)

 

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