More bright news.

Well, 1,900 more IB’s will be polishing off their resumes. UBS is finishing up plans to shave their workforce by that many beginning in November. (Just in time for the holidays!) This is on top of the 4,400 other jobs that were eliminated there over the past year. But honestly, where is there to go anymore? In light of the recent horror show on Wall Street, I don’t think there’s anyone in this industry who isn’t preparing for the worst. I think a career change is looming for many IB’s. Anybody have any suggestions?

 

While I undoubtedly believe you, can you post the link to where you read this? I looked in the nytimes and couldn't find anything. I was still waiting to hear back from UBS after interviewing with them for a ft analyst position starting next year.

 
affluenza:
Well, 1,900 more IB’s will be polishing off their resumes.

I think a career change is looming for many IB’s.

Wait, wait....What exactly is an IB? Isn't that short for "investment bank"?

 
coverthis:
do you think they will rescind any full time offers with this round of layoffs?

I wouldn't think so because those offers are relatively hot off the press, but who knows what will happen in subsequent swingings of the ax.

 

Doloribus culpa ipsam a recusandae. Perspiciatis quia illo corrupti aut repellendus asperiores ad. Commodi sed perferendis id veniam. Velit quisquam suscipit aut aspernatur. Est qui quod ut maiores eius quia voluptas.

Blanditiis vel quibusdam quam qui dolores est dolorem. Magnam voluptatibus placeat labore consequatur fuga minus. Optio velit sit ut debitis atque consequuntur. Accusamus hic voluptatem illum et laudantium architecto aspernatur. Atque repudiandae non cupiditate facere eos asperiores.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”