Comments (22)

Mar 25, 2012

industrials

Mar 25, 2012

its eh, TMT and Industrials are the best at ubs.

Mar 25, 2012

for best product groups go to sponsors and lev fin.

Mar 27, 2012
GiantsFan2011:

for best product groups go to sponsors and lev fin.

Not anymore @ UBS - fsg/lev fin drastically downsized; they lost their head of leveraged finance (forgot his name --- think he went to... citi?) and they aren't really on very many deals anymore. They still do well in M&A, however.

But I agree with previous posters - UBS is to be avoided if you have other offers. A lot of uncertainty about their future in the US (http://www.rttnews.com/1764386/ubs-to-downsize-inv...). Comp has not been good in recent years (this has been a recurring theme, lots of people leaving as a result - http://online.wsj.com/article/SB100014240527023044...). Culturally, they have always been on the less favorable end as well (sweatshop, unappreciative, etc).

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Mar 30, 2012
Bayside0987:
GiantsFan2011:

for best product groups go to sponsors and lev fin.

Not anymore @ UBS - fsg/lev fin drastically downsized; they lost their head of leveraged finance (forgot his name --- think he went to... citi?) and they aren't really on very many deals anymore. They still do well in M&A, however.

But I agree with previous posters - UBS is to be avoided if you have other offers. A lot of uncertainty about their future in the US (http://www.rttnews.com/1764386/ubs-to-downsize-inv...). Comp has not been good in recent years (this has been a recurring theme, lots of people leaving as a result - http://online.wsj.com/article/SB100014240527023044...). Culturally, they have always been on the less favorable end as well (sweatshop, unappreciative, etc).

Chris Abbate left to Citi, and a significant portion of that group from VP+ jumped ship, but it's still a solid group. Lev Fin/Sponsors definitely one of the best groups at UBS.

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Mar 25, 2012

Personally, UBS is just a shitty bank overall.. If i were you, I would look at getting offers elsewhere IMMEDIATELY!
C'mon man they freaking lost $2B recently so they're probably not getting bonuses... If Industrials & TMT are top, can you say. . . . . NO DEAL FLOW! GS, MS, and JPM obviously run those industries..

It is what it is

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Mar 26, 2012
flyguy23:

Personally, UBS is just a shitty bank overall.. If i were you, I would look at getting offers elsewhere IMMEDIATELY!
C'mon man they freaking lost $2B recently so they're probably not getting bonuses... If Industrials & TMT are top, can you say. . . . . NO DEAL FLOW! GS, MS, and JPM obviously run those industries..

It is what it is

...Because if you dont work for GS/MS/JPM you get no deals?

To be fair though, UBS sales and trading IS getting destroyed, but if you're an IBD analyst, you should be ok (job>no job).

Best Response
Mar 26, 2012

don't talk about stuff you do not understand. Dealbreaker is using UBS to have someone to bash and laugh at in order to attract readers.

UBS IBD is completely back on track.

They've been advising on several of the major M&A and IPOs in the last months.
As one reader above said, it's probably better not to be in S&T right now, but IBD is set to grow and expand.

Also, they've literally just hired Andrea Orcel (one of the biggest rainmakers in the world) to co-head the Investment Banking Division (everything that's Corporate Finance and advisory).

UBS has had a bad history, but with their balance sheet, their clients and relationships, and these recent developments, the future of their IBD division looks very bright and can only go uphill.

To answer the OP's question: i've been told that TMT and industrials are indeed the better groups.

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Mar 26, 2012

^ Just being facetious, what you've said is true.

Mar 26, 2012

Always been told that M&A, LevFin/Sponsors, TMT and Industrials are the best groups.

Mar 26, 2012
JWR34:

Always been told that M&A, LevFin/Sponsors, TMT and Industrials are the best groups.

M&A isn't so much because 1. the group is incredibly overstaffed (just took 13 new first years in 2011 with a full workload's worth of work for about 7...) and 2. a lot of the industry groups execute and do models inhouse (FIG, part of Industrials, part of Real Estate, possibly more) so M&A really isn't the best place to be. If a product group is your focus, stick with Lev Fin/Sponsors.

Mar 27, 2012
GiantsFan2011:
JWR34:

Always been told that M&A, LevFin/Sponsors, TMT and Industrials are the best groups.

M&A isn't so much because 1. the group is incredibly overstaffed (just took 13 new first years in 2011 with a full workload's worth of work for about 7...) and 2. a lot of the industry groups execute and do models inhouse (FIG, part of Industrials, part of Real Estate, possibly more) so M&A really isn't the best place to be. If a product group is your focus, stick with Lev Fin/Sponsors.

I heard from someone in industrials that corp fin @ UBS follows typical bank structure - focus is on origination (i.e. pitching).

Also reiterate my last post - lev fin/sponsors at UBS is not the booming business it used to be. They have lost significant staffing and deal volume.

See chart here - the loan fees (blue, at the far right) are a decent proxy for sponsor / lbo financing as a % of total fees. The strong sponsors groups are at JPM, BAML, Citi, and Wells Fargo (i.e. all of the actual deposit-taking banks -- also CS is better than it looks here):

http://markets.ft.com/investmentBanking/tablesAndT...

Mar 26, 2012

Consumers is definitely one of the weaker industry groups in UBS, as people have stated, Industrials and TMT are very solid and Healthcare and Real Estate are not bad either, although Real Estate is a total sweatshop.

Mar 30, 2012

no, LBO loans are a subset of leveraged loans. "leveraged loan" just means non-investment grade.

for instance, the 10 biggest lev loans in 2011 were all refinancings for public companies. Wells Fargo does a lot of those sorts of things, which is why they place highly in the league table you posted

Mar 30, 2012

delete

Apr 3, 2012

TMT is apparently good. However, I've heard that you are going to be killed as an analyst.

Apr 19, 2012

so... FSLF or M&A?

Jun 22, 2013

What about their power group?

Jun 22, 2013
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