UBS Exploding Offer Regret

Hey everyone. I received an exploding offer from UBS for a sales and trading SA. At the time I had no other BB offers so I took it. Later I received interviews from JPM, MS, and two other BB's. I didn't take the interviews because I know that the dangers of reneging are high because finance is a small world.

Now I'm sitting here kicking myself because I read on this board and elsewhere that UBS is currently known for layoffs and low bonuses.

Does anyone have any advice for me? At this point I'm mostly focused on what I can do to get full time interviews from the places that wanted to interview me for SA. If nothing else I hope this is a warning to others about the danger of taking exploding offers.

 

Don't sweat it! It's an SA position so you're still in good shape. Just do well during the summer, get the FT offer and if you decide UBS isn't for you, leverage it into an offer at the bank you prefer. Just be sure to try to maintain any contacts you might have used to get the interviews at the other banks.

All things considered, you are far from being in a bad position when it comes to landing the FT gig you're hoping for.

Congrats on the SA position. Don't stress.

"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."
 

Nihil ea rerum ipsa pariatur tempore praesentium. Accusamus non est cum quod qui eligendi a mollitia. Est et sit consequatur et est ratione.

Dolores possimus inventore expedita voluptates ut velit quia. Ut aut neque id quo quod dignissimos.

Quibusdam officia minima illo. Accusamus nemo facilis veritatis qui. In accusantium enim facere minima magni reiciendis repellendus. Corrupti asperiores ad et nemo tenetur esse.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
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...”