CS(-UBS) SA rant
Amid the merger legally closing tmr, as an SA I'm royally fucked🤗 I don't think we r gonna have any headcounts for return offers (they only picked a few MDs until now I believe), plus we r prob gonna learn very little since deal flow is basically nonexistent.
Level 6 and 7 are mostly empty – it's literally so sad to see all this cuz I chose CS for its ppl/culture.
To make it worse, '23 FT recruiting is gonna be a shitshow as well. Too stressful rn to do anything meaningful...
Don’t be so pessimistic. UBS can’t do too much with CS staff especially juniors before the deal closed and that’s why they only picked several key seniors (in fact UBS has kept 100+ MDs in Asia). After Monday everything will be getting clearer so it is not necessary to pessimistically guess about possible outcome for SA—UBS may still replace some of the FT with SA to save costs.
Besides, the deal flow is also likely getting better after merger closed as the uncertainty could be partially eliminated. This is just the first week and very beginning of the internship. Just work hard and don’t give up. But meanwhile definitely prepare for re-recruiting.
Do hope all the interns get treated nicely by the merged bank and get to have full time spots