jefferies vs ubs
Student at target- just got both offers and am very excited. What's peoples thoughts? Leaning towards UBS cause Jefferies is considered to be MM and I am interested in international mobility but open to hear people's thoughts
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depends on your group, but more likely than not UBS
I’d pick jefferies but it’s close and pretty group dependent I’ve heard
how so? UBS is top5 in m@a league tables RN and is a much better brand
Not to mention UBS has a much better culture
Go with the one you've had better conversations/networking experiences with. Both are solid banks and pretty even in terms of everything else. Personally would lean UBS given the supposed better culture and hours. I've heard Jefferies can be a sweatshop depending on the group.
https://www.wallstreetoasis.com/forums/jefferies-are-these-rumors-true
Rumors are true
I would take UBS anyday. I believe that for the following reasons:
1) For internationals brand reputation matters a lot. UBS is one of the best investment bank in APAC and a Top 5 investment bank as per the latest league table rankings in the US and outside the US besides UK I don’t think anyone would have even heard of Jefferies. 2) UBS is #5 this year in M&A whereas Jefferies cannot be seen anywhere near the Top 10. UBS is a BB whereas I would consider Jefferies to be a boutique and not even an EB. 3) If you want to work on high profile mandates, you would be given that chance of working at UBS as you can see recently UBS has been on a few of these. You would never get the chance to work on such high profile mandates at Jefferies and you might be even pushed to look at deals in the MM space.
In conclusion, UBS over Jefferies any given day.
Ok.....Hardo
Just saw in another post that Jefferies had 50% return offer rate this summer, would definitely avoid at all cost. Seems like EBs and BBs with diversified businesses (Rx, cap markets) can sustain the pandemic and offer high return rates while m&a focused MM firms are heavily struggling.
You know Jefferies does all those things, right? I assume they're being overly cautious in case things go south next year given the uncertainty, instead of needing o fire people in the middle of the year if deal flow doesn't pick up. If volume picks up, I would imagine you will see them post jobs immediately for lateral hires. It's a business, don't let Rich Handler's Instagram fool you.
It's interesting then that Jefferies is being overly cautious compared to BAML/Citi giving almost 100% offers
Just to provide an update, the 50% rate was because of a hiring freeze in place. Within a month Jefferies came back to give the rest offers to bring the rate to 95% (which is what they have historically been at). There’s a FT offer waiting for you at Jefferies the moment they hire you as an SA.
interested
UBS or Citi IBD? which is better?
Bump
Would personally take Citi.
Citi is better
When did Jefferies Give Out Offers?
^^^
Congrats! at this point would probs take ubs
How did you already get an offer from Jefferies? I thought they hadn't really started their process yet. Are you diversity?
Junior at UBS here.
Congrats on your offers! I have friends at Jefferies, and they're awesome. It's good to have choices.
Pick the culture that you fit in well at and consider the workflow coming in. This will set you up to succeed in your current role and prepare your resume for the next step (whatever you'd like that to be).
Good luck.
For me, i don't think of one as better than the other bc i think they're functionally different. that said, do you think your friends at JEF would rather work at UBS?
Would take UBS given this years sht intern class yield for Jefferies.
shit intern class?
They only took 50% interns for FT because they decided to do a desk specific offer approach thus leaving people who were missed the mark slightly and chose highly demanded desks in the dark
Yeah, supposedly the whole intern class wiped dogshit on their faces
What’s also important to know in this case is that UBS has great culture while Jefferies unfortunately is known for the opposite.
Try to do some digging and research. Work for the team and manager that will have your best interests in mind. If all things are equal, better to work for a more recognized international brand like UBS because of the optionality it would give. But I'd MUCH rather work for a nice team/manager in a MM bank than a prick at UBS. Side note, I did work for a grade-A sociopath at UBS London and those days were painful. I would have loved a nice team at Jefferies instead over that any day.
LOL guess u are referring to the consumer team in London?
No not consumer. Not that it matters tho. What seems to drive culture is the team head. This is why I'm counseling to do some digging if at all possible.
Today, UBS is the one known for the nice culture... I wouldn't want to be at Jeff now
Depends what for... If s and t for example, UbS are the leaders in european equity sales
All these questions boil down to Geography and division and group
Idk what some posters are smoking saying UBS is far and away better than Jefferies. They are right on top of each other for 2020 league tables (JEF even ahead in some splits). Jefferies also has way better momentum and in US much stronger.
You will get the chance to work on high profile deals at both and recruit at both for ton of places. Go where you like the people - UBS also has some shitty culture groups also. I would say these are banks in the same general bucket
Jefferies is actually ahead by a good 300mil in total IB revenues when compared to UBS (Jef at 1170mil, UBS is at 870mil).
Is it still UBS>Jeff or has the tide turned?
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