CS AM vs BAML IBD vs WF IBD vs UBS IBD

These are for Summer Analyst positions. I don't know about group placement yet. I am leaning towards BAML, keeping in mind that UBS is doing pretty poorly right now. But I hear Wells is potentially a good place to be. I don't hear much about Credit Suisse's Asset Management. Thanks.

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seekinghelpThanks a lot, guys. I thought UBS was downsizing so I wasn't sure to rule it out. Any input on Wells Fargo?

Regarding WF, they are building their business and they use balance sheet to win deals, therefore most of the things are connected to financing rather then pure advisory. PE exit opportunities are probably quite weak. Global presence is basically non-existent, so stay away if you might be interested in working abroad at a later stage.

 

UBS is downsizing - it's shit. my friends have gotten their offers taken/couldn't finish out their 1st year. WF is a potential bank...I think you'll be pleased to be at WF in couple years but that's just my thought

 
alpha13UBS is downsizing - it's shit. my friends have gotten their offers taken/couldn't finish out their 1st year. WF is a potential bank...I think you'll be pleased to be at WF in couple years but that's just my thought
And this is a good point. WF may very well be a strong bank down the road (they're really pushing hard to be). However, if you are looking for quick exit-ops and won't be around to see them get strong in ~5 years, then go BAML.
 

It's really a choice between CS AM and BAML IBD, and you just have to decide whether you want AM or IB. If you want IB, BAML is the obvious choice, as it's much, much better than UBS and WF in terms of deal flow, exits, etc.

At UBS, you have a comparably high chance of not getting an offer or getting laid off during your two years. UBS fired first year analysts right before bonuses and they recently closed their IB offices in SF and LA. Not a good place to be right now.

WF is ok but not really in the same league. I've never seen any former WF analysts in the bio section of PE websites, while I have seen many former BAML analysts working as associates at PE firms. BAML is also on a lot of high profile deals.

CS AM will be fewer hours but also smaller pay and fewer exits.

 

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