Lehman SB vs UBS IBD?
Given offers by Lehman Securitization Banking and by UBS IBD for a summer internship -- does anyone have any ideas on how to approach the decision between the two?
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Ya.. take UBS IBD.
Thanks for the comment. Any specific reasons?
My logic is that investment banking is just a way more prestigious/portable/intense role despite Lehman (esp fixed income division) being the more prestigious firm.
I also like how hungry UBS seems to be -- I get the impression that they will stop at nothing to take a serious swing at the classic US banks (ie GS/MS/ML...)
Also, hours are no issue for me. Securitization is ~70/wk vs ~80++ at UBS IBD.
Ya Securitization opens up less doors down the road than IBD. From a prestige point of view there's a marginal difference between LEH and UBS despite what you read on this board, the group and function matters more. After GS / MS the prestige point is pretty void.
UBS is a good firm, think about how they became basically bulge status from nothing in about 5 years. That would be the equivalent of RBS becoming bulge soon as someone put it. If you hate the lifestyle you can always go back to securitization later.
Very helpful comments Westcoasting. Thanks.
just wondering about the "if you hate the lifestyle, u can always go back to securitization" comment. Is this really possible or that easy?
I understand that skillset required is v different in securitization. iBD is a v diff ball game.
Moving from IBD to securitization or any other desk in teh markets side is near impossible....
Do correct me if I am wrong. I have heard this srt of stuff...donot have much experience myself
Changing jobs within a BB is never easy, but in this case it is possible. Securitization is much closer to IB in terms of skills required than "proper S&T" desks.
In an IBD FIG group you learn some very useful skills/knowledge for securitisation for example.
IBD is a better career platform. But bottom-line: this is only a summer internship, both jobs have decent carry forward, so either choice still leaves your options after school wide-open.
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