UBS Analyst Quits

nice

that's awful.

But I thought everyone on this board said UBS Healthcare is one of the best groups on the street to go to? Only 3 weeks in and he quit, crazy.

Good for him..if he felt that way, it wasn't worth it to continue.

Wait a minute TS, is that you ?

would this not be a management/associate failure and/or problem - giving someone so much work to do that they get crushed? It would seem to be that this is the worst scenerio, since now there is more work for everyone else to do.

anyone?

the original e-mail came complete with his e-mail signature

'My blackberry is on my desk'

the symbolism is beautiful

It's not well written (70-80 percentile by IB analyst standards, but still...) but I admire the spirit of it.

Of course, what he doesn't realize is that there are hundreds of thousands of college kids who aren't bright enough to have better ways of getting rich, who would therefore gladly take his position, and that he's not making the slightest dent in the machine.

The response to that, flaminary, is that sometimes on a hot day pissing into the wind can still be refreshing.

I was told the email came from an associate, not an analyst.

Can any legit UBS healthcare folks confirm?

The difficulty is you don't know what someone's limit is. Everyone gets pushed and you got to hope no one cracks. You can't let everyone go home at midnight because there may be someone in the pack that can't cut it.

As for the guy who quit: I hope he is financially successful in life, otherwise he might have to live with the thought of "what if I had just stuck it out..."

first year analyst not associate

Higher ups in my group just talk about how that kid will never get another job on wall st.

I'm guessing he would never want to and it's just the md's trying to reassure themselves the industry they have devoted their every waking hour to is respectable.

I've got to say, it's a bit rich coming from a first year analyst.

Jeez its only September...

He already quit damn...

It is legit. I am at BoA healthcare and my MD showed this to me, so it is legit.

I guess my position just opened up!

Whoever says he will never get another job on Wall Street is not necessarily right. I can't speak to this case specifically, but buy-siders don't have a lot of respect for investment bankers (not necessarily the case for analysts though, and associates to a lesser extent). They view them as unloyal vultures. They are not the decision makers in an industry- they just kiss their ass so the decision makers will send some fees over.

jbc, i agree with your comment about what buysiders think of ib. This summer all the HF guys I worked with did nothing but mouth bankers and called them "fucking cockroaches" on a regular basis. One night when they took me out for drinks and we were discussing my plans when I graduate (I mentioned banking) they told me that if I want to go into banking then "do it for two years, then get the fuck out and never look back." In fact, they hated bankers so much I admit that I am somewhat uneasy about telling them I'm going to try to get a SA position at a bank instead of returning to the HF for the summer.

it's funny bc it's true. the great b.roy dropped on day 9. this kid did 3 weeks. thats respectable.