BAML Sophomore vs UBS President's Internship

Aphamos's picture
Rank: Senior Chimp | 23

Hi all,

I have offers from both of these firms for their sophomore programs and I obviously need to pick one (I'm from a target). Here's a breakdown of each:

UBS President's: Four 2-week rotationals, each in a different area of the investment bank (IBD, S&T, group tech, office of the COO, etc).

BAML Global Banking and Markets: Two 5-week rotationals, 5 weeks in IBD and 5 in S&T.

My questions:

-Which would offer me the best experience?
-Which would look best on the resume?
-Which would offer the best platform/recognition in case I wanted to recruit next year?

Thanks for the help!

Comments (25)

Feb 15, 2012

Both companies would be viewed equally in recruiting next year.

Personally I'd go with BAML as it's strictly IBD and S&T. The UBS one involves group tech, etc... which is as back office as it gets.

Feb 15, 2012
JWR34:

Both companies would be viewed equally in recruiting next year.

Personally I'd go with BAML as it's strictly IBD and S&T. The UBS one involves group tech, etc... which is as back office as it gets.

completely agree. don't get stuck doing IT unless you want to. and office of the coo??? i guess it would be good for networking...

Feb 16, 2012

While both of these sophomore programs are just pipelining candidates for the summer analyst role of their choice with the firm the following summer (and incredibly selective, congratulations on both!), the President's Internship is essentially a 'taste everything but drink nothing' program where you won't get meaningful exposure. It's the shortest of all BB sophomore summer programs, and you see equal time in the back office and front office. BAML's is a full 10 weeks and you move across both revenue divisions. Plus I think it's very agreed-upon that ML's name is stronger than UBS' at this point.

Either one is strong to put on your resume, but were I in your shoes as a sophomore, I'd take BAML. You can highlight your exposure on your resume and parlay it for a better firm the following year, whereas with UBS, you're forced to explain your time in less than desirable roles.

Feb 16, 2012

Thanks everyone. I've spoken to several upperclassmen and they've pointed out that UBS is more similar to a GS/MS/JP environment and would therefore have better carryover value--what do you think of that?

Another thing to note: BAML Sophomore is advertised as a diversity initiative, whereas UBS President's isn't. Are recruiters going to know/care about this next year? In a way where they don't consider BAML Sophomore as strong?

Also, to what extent will one of these offers help me in next years recruiting process?

Thanks again for all the help!

Feb 16, 2012
Aphamos:

Thanks everyone. I've spoken to several upperclassmen and they've pointed out that UBS is more similar to a GS/MS/JP environment and would therefore have better carryover value--what do you think of that

How the fuck do they come to that conclusion? Utter horseshit.

The diversity thing will only handicap you as much as you let it. If you feel paranoid about people knowing a bank decided to look outside its standard candidate pool to make sure they got a broad sample of talent, avoid a diversity program. You're going to have to face this your entire career though. I say it only affects you as much as you choose to allow it.

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Feb 15, 2012

.

Feb 16, 2012

So as of now the consensus is pointing to BAML and I definitely agree that the level of exposure I get beats spending half my summer in two areas that I'm not really interested in.

So, from a junior-year recruiter standpoint, do the two programs really look the same? Is it just how I spin each (ie discuss any deals I might have helped on, my understanding of a bank's role, etc)?

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Feb 16, 2012

If you go to the UBS program, you're not going to have anything of substance to discuss besides "oh I thought the trading floor / ibanking floor was cool." I know a couple of people that did this program and the general consensus was you do nothing for the summer besides see a few divisions, make a presentation to senior management at the end of the summer, and have networking events. Both look great on the resume and will land you first rounds just because you were in the programs, though your experience at the BAML program would be better I'm sure.

Feb 16, 2012

My god, I'm just a sophomore but just choose where you wanna go regardless of what looks better. These are two top programs and it's all in how you spin it and how well you do in them. Recruiters aren't going to analyze every single detail about the programs you do as long as you represent what you did over the summer with confidence.

Just choose whatever is right.

People need to stop overanalyzing every single detail of everything.

Feb 18, 2012

Aphamos - PM me. I was in one of the programs.

Banking.

Feb 18, 2012

tell UBS you want to evaluate your options. BoAML>UBS

Feb 18, 2012
johnmackey:

tell UBS you want to evaluate your options. BoAML>UBS

thanks, will the UBS get mad if I tell them I need to extend my deadline? And in what way is BAML superior?

Feb 18, 2012

agreed. they will hopefully make an exception and extend it for a bit. or tell BAML and they might give you an earlier interview.

Feb 18, 2012

Even though it's UBS you're only a sophomore. I'm not saying take it for sure, but I'd be extremely surprised if you weren't able to leverage it into your dream junior year internship. Also the Baml name brand isn't that much better so you'd probably have the same options either way.

Feb 18, 2012
GOB:

Even though it's UBS you're only a sophomore. I'm not saying take it for sure, but I'd be extremely surprised if you weren't able to leverage it into your dream junior year internship. Also the Baml name brand isn't that much better so you'd probably have the same options either way.

I see, thanks, I do like UBS staff and they have been trying pretty hard to make me sign the offer~ should I ask for deadline extension? thanx

Feb 18, 2012

ny > ct

Feb 18, 2012
johnmackey:

ny > ct

they are both in nyc

Feb 18, 2012

Don't understand how BAML's name brand is so low when they do so well in legaue tables? Someone enlighten me...

Feb 18, 2012
SunTzu:

Don't understand how BAML's name brand is so low when they do so well in legaue tables? Someone enlighten me...

Wondering if all the sudden BAML decide to spin-off ML or switch the name from BAML -> ML then people on WSO will like it better. ML use to be placed as No. 3 on this forum pre-crisis.

Feb 18, 2012

Don't understand how BAML's name brand is so low when they do so well in legaue tables? Someone enlighten me...

Feb 18, 2012
SunTzu:

Don't understand how BAML's name brand is so low when they do so well in legaue tables? Someone enlighten me...

It's the name. "BAML" just sucks.

Feb 18, 2012

You're only a Sophmore, I wouldn't risk screwing around with UBS over this. Whatever people say about UBS, a Sophmore year internship with UBS would easily put you into the top bracket of people applying for Junior internships. Unless you screw up royally, you are going to end up wherever you want Junior year. Ask BAML to move your interview forward. Tell them you have an offer elsewhere but you like some bullshit thing about BAML and would really like the chance to speak with them blah blah blah. Do not tell them your offer is at UBS unless pressed. It probably won't matter, but why take the risk of letting UBS know you're shopping around?

Even if you think you like BAML more now, don't say anything to UBS until you have an offer from BAML in hand. If BAML is unwilling to make an offer before your deadline with UBS, take UBS.

Feb 18, 2012
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Feb 18, 2012
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