WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

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300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

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  • Analyst 1 in IB - Ind
May 3, 2021 - 10:13pm

Not kidding btw, if you want one of the best WLB on the street, you should check out UBS Houston

  • Intern in IB-M&A
May 5, 2021 - 1:24am

is it because they have absolutely zero deal flow? Why do they even have the office if it is not producing results?

  • Analyst 1 in IB - Ind
May 3, 2021 - 8:11pm

One of my friends interned there before going to another bank so this could have changed but industrials was the hardest and levfin worked a lot on the weekends. TMT is the best group in terms of deals. Consumer had good hours and w/l balance 

  • Prospect in IB-M&A
May 4, 2021 - 4:07pm

Groups are sweaty across the board. Culture varies by group - Levfin has long hours but good mentorship and training. Industrials is good experience but terrible culture. TMT is fratty and has great deal flow.

Would say top groups are, in no order: TMT, LF, GIG, CP&R given management's focus on developing these groups. But banking is banking so pick your poison 

  • Analyst 1 in IB - Gen
May 5, 2021 - 10:49am

My friend in LevFin got Absolutely murdered on the 2 deals he worked on, but apart from that dealflow was actually not so good so he would mostly come home at 9pm, sometimes earlier, with very minimal weekend work

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  • Analyst 2 in IB - Gen
May 5, 2021 - 1:42pm

Hopefully some good color below, in no particular order. Would note that despite the terrible recruiting videos UBS has taken market share in nearly every group and is nearly back to the early 2000's-2012 era when all the big name bankers were at the firm: 

TMT - Extremely good momentum, lots of good sell-side creds lately but like all TMT groups across the street very busy. Most seniors seem very good. Tech has part of group in SF, not sure how the split of work is divided at junior level b/w offices

Sponsors/LF -  Primary fee driver given UBS is pretty sponsor dependent, been getting crushed with low rate environment refi/repricings in addition to high LBO/M&A volume. They recently split the team into sector "pods" where analysts cover 2 of 3 sector pods and associates are only in one sector pod

CPR -  Historically not the marquee UBS group but seem to have good momentum lately, Michael's was a big UBS sell-side recently

FIG - Worked with this group the least, pretty limited interactions so cant comment much 

GIG - Seems pretty industry dependent, some industries have great senior bankers and deal flow it looks like. 

HC - One of the smaller groups at junior levels, strong momentum. Very busy lately on both IPO/SPAC side and financings

RELL - Appears like great culture, havent done any deals personally. Apparently the gaming industry bankers have the prized coverage (Vegas trips for work...I mean come on)

DCM - Obviously all IG transactions, closer to market hours but busy lately. Again, UBS is heavily sponsor and portco dependent so not as many IG/big corporate clients

ECM - Been crazy busy with SPAC frenzy and lots of IPO transactions, with a bit of a pause on SPACs returning more to average hours. UBS is typically to the right on equity transactions but good momentum lately (esp. with SPACs where UBS was at forefront)

  • Analyst 1 in IB - Ind
May 5, 2021 - 10:02pm

Looks like they are hiring for Sponsors and LF as separate groups? Do they operate independently? Also, despite being busy with LBO/M&A volume does the sponsors group have a good culture?

Can anyone opine on FSG's exits as well? Seems like they should be good with a good LevFin team

  • Analyst 1 in IB - Ind
May 5, 2021 - 10:28pm

You're cross staffed as an analyst so work on both (roommates internship was there). Good culture and longish hours. Probably worst at the bank is industrials and m&a from what I've heard 

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May 2021 Investment Banking

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