Goldman PWM vs UBS IBD
Goldman PWM vs UBS IBD Which one has better exit opps for HF and PE? I feel like Goldman has the brand name, but at least at UBS I would go through the training program.
PWM never places into PE and HF but the Goldman name is much better.
PWM doesnt place into HF/PE. Go with UBS IBD.
I'd go with any IBD over any PWM.
Also, is UBS IBD really doing as badly as people on this board are implying? What's their deal flow like? Citi got hammered in the recession similarly to UBS, but its IBD is still strong.
You should do Goldman and then network and work with HR and the PWM team to get first rounds in the IB division at GS
^ wrong. i did pwm and you will have a MUCH easier time interviewing elsewhere with IB experience than pwm.
is that even a question? UBS, not even close
But my friend at UBS said he only has pitched for the last 1.5 years he has worked there.
And he told me to take GS PWM.. But you guys seem to be saying UBS IBD
This is the dumbest shit I have seen thus far. PWM???? I feel like this doesn't even deserve a valid response. Yes, at UBS you would expect to pitch all year, why don't you look about some BB firms like GS, MS, JPM. If you're into the boutique thing, then go for the likes of Lazard, Ecore, Greenhill, & Moelis.
Get exposure and deal experience, and you will be good to go come PE recruiting or HF.
oh yeah, it's that easy huh hahah
You won't be able to transfer to IBD from PWM at Goldman, and PWM doesn't place into HF or PE. Even if deal-flow isn't that strong, you'll be able to leverage UBS IBD to better FT interviews.
But Goldman is Goldman!! Aren't they the best??
It saddens me that morons like you get any job offers. Even if this was sarcastic.
hahahahhaha
in IBD you may have to pitch all year; in PWM you may only do account opening for rich ppl all year
That's because you are working for a bank if you do pwm you need to be work for an independent firm but you got to be good and be more entrepreneurial and have a good network.
That's because you are working for a bank if you do pwm you need to be work for an independent firm but you got to be good and be more entrepreneurial and have a good network.
Lots of people confuse GS PWM with GSAM. If you're in GSAM you can go to PE / HF ... if you're in GS PWM - you won't do sht
obvious troll is obvious
PWM won't get you anywhere.
u lie OP, if your UBS friend has been pitching for 1.5 years why hasn't he just killed himself in a 3-day marathon of cocaine and hookers? still I think UBS is marginally better b/c it's IBD
Go to UBS, PWM won't help at all, even at Goldman, especially for getting into PE. Best of luck.
For more information on PE, Investing, S&T, and Banking, please visit http://leverageacademy.com/blog
I bet someone feels like a dickhead for turning down that Barclays s&t gig.
^ if this is true, gimp is a huge retard.
I agree this is an absolute joke, I'm just shocked that brand name could disillusion someone to this degree. The skill sets gained between a IBD analyst and PWM analyst should easily sway your opinion regardless of if you're "pitching" all the time. By the way laugh all you want at UBS but they are also currently Smith International's adviser on their $11.34 billion buyout by Schulumberger...
-Non-UBS employee
obvious troll. ibd over pwm.
The only thing that matters to future PE and IBD prospects is IBD experience. The office manager at GS works at "Goldman" too. Do you think anyone is impressed by that? Same for PWM experience. It's not like someone looks at your resume going "hmm, they've only done private wealth, not sure how much that experience translates, seems like a nice guy though...wait...HOLD ON here...is this GOLDMAN private wealth? well well!!! BRING HIM IN!!!"
Actually, that is exactly what one of our MD's used as a reason to hire this kid during offcycle recruiting. This was not a MS where I used to work, but at another bank where I interned. Goldman is highly, highly valued, and in this instance may even be a better option than UBS IBD, simply bc UBS is on a straight arrow to poverty.
actually ... if ur senior in goldman PWM - u can probably go do PE and help them raise money ...
I think what needs to be kept in mind with all of these posts Prestigious Bank - Not Relevant Position vs. Less Prestigious Bank - Relevant Position is that the common folk or your college friends might be impressed, but within the industry no one will care unless your position is relevant. If you want to do S&T take the less know place over the well know place if the well known place is having you do PWM. Simple as that.
If this is for the summer then there's no question. Having BB (yeah i know) IBD experience for FT interviews will prove so much more valuable.
if your looking for any chance in PE or HF then you better not get into PWM, I would say even MM IBD is better than GS PWM
It all depends on what you want out of it. If you want to go into HF or PE, then go with UBS. But depending on your group at GS, you could be making some crazy good connections and you could actually get some good experience that would help get you into an MBA program. Also you would actually enjoy your life.
Thanks for the advice all
MD at piper also says their analysts place into KKR
I wish there was a website where we could confirm all this.
there is. its called linkedin. do a keyword search for piper jaffray kkr. there's a guy in san francisco who went to texas. i was surprised to see that as well, though he's in kkr financial, not kkr pe.
http://www.raspberrymedia.com/clients/kkr/site/ab-investment-team.html
If you are asking this question because you are looking for exit opp at HF or PE, which by the way, are completely two different things if you don't already know...then I am supposing you are willing to sacrifice your interest and passion for something that's merely popular among some crowds. It's just not the formula for a happy and successful life. Think why did you want to work for PWM, IBD in the first place, then go from there.
ubs sucks, look at the recent news
http://dealbook.blogs.nytimes.com/2010/03/22/global-head-of-equities-at…
^ Uhhh, boy, IBD =/= Equities.
Are you guys serious? this is clearly a troll post
Good try tho
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