Comments (15)

Jan 12, 2014

Now this is a European speking but also across here UBS is not prime of the pack. However that does not explain nearly how much sh*t is thrown at UBS around here. It's a good bank which like all others had issues. Looking at their recent decisions, at least it seems like they are committed to keeping their advisory arm and are not giving up on the US purely because it's a large market with good margins (compared to Europe). There is some restructuring going on (industry groups getting shuffled) but you could make the argument that maybe they are already a step ahead when it comes to making changes.
Probably you wouldn't have the same chances for megafunds as if you worked at GS/MS but that chance is always there if you're doing a great job.

You'll probably get into a decent group and if you get a FT offer you can still try to shop around with that in your pocket. Should you now pass on other/better opportunities? Absolutely not. You signed the papers but does that ban you from interviewing? Don't think so...

I think there is nothing to regret with accepting a still decent offer and don't listen to everyone on this board who might be some 1st year undergrad who might count him- or herself lucky to get a UBS offer down the road.

Jan 12, 2014

its a good offer, but you probably should have kept the other BB superday and interviewed there. oh well already done.

Jan 12, 2014

This website rips on a lot of firms. It is all taken way too seriously, and I feel bad for people in your position that let stuff on here get to you. It is a BB, and you are a non-target that got an offer there, in NYC... This is a no brainer. Take your offer and chill for the semester. If this were a different City, maybe you would be in a worse position. I know this doesnt apply to UBS Americas, but don't forget that they closed the third largest deal in the world this past year and racked in the top 5 fees among other banks. Not to say to go off that, but they are still doing fine. Like the above user posted, UBS is just making changes that other banks (especially European ones) will have to do at one point or another.

-- I do not work at UBS btw.

Jan 12, 2014

Better keep networking hard for FT. I heard they have an abysmal return offer rate.

Jan 12, 2014
kidflash:

Better keep networking hard for FT. I heard they have an abysmal return offer rate.

See I keep reading this on WSO... Where did you hear this from? HR told me that the return rate is around 50% for the NYC office.

Jan 12, 2014
SevenTwoOffSuit:
kidflash:

Better keep networking hard for FT. I heard they have an abysmal return offer rate.

See I keep reading this on WSO... Where did you hear this from? HR told me that the return rate is around 50% for the NYC office.

50% is abysmal.

Jan 12, 2014

I could be wrong then because after hearing the number, I was told that is higher than most. Isn't GS around 40%? I remember reading that somewhere on here.

Jan 12, 2014

GS is the only like this because they have ridiculously high standards. Not like UBS, which is trying to keep their shit together.

Also, GS is the only other bank I've heard of like this. EVR, Laz, Greenhill, etc all had near 100% return offer rates.

Jan 12, 2014

Yeah that makes sense. Thanks

Jan 12, 2014

what about other bulge brackets, 70% ish?

Jan 12, 2014

Return offer rate is group dependent. I've heard of groups with 50% of SAs extended return offers, but I've also heard of groups that had 100%.

-- Summered at UBS last year

Jan 12, 2014
imdb4567:

Return offer rate is group dependent. I've heard of groups with 50% of SAs extended return offers, but I've also heard of groups that had 100%.

-- Summered at UBS last year

What's your opinion after going through UBS SA? Is it in trouble as this site says?

Jan 13, 2014

Regardless, work your ass off this summer and keep networking. Nothing but good can come from that.

Jan 13, 2014

Either way probably wouldn't write about it much on here. That's a small group and I know this site is read there.

Jan 13, 2014
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