UBS FSLF
Any indication of how this group is perceived by PE recruiters? I know it's one of the top groups at UBS, but how does that stack up if I want to get to a megafund?
Any indication of how this group is perceived by PE recruiters? I know it's one of the top groups at UBS, but how does that stack up if I want to get to a megafund?
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It's perceived well enough for you to get an interview at every one of the top megafunds if you want (i.e. KKR, Blackstone, TPG, Carlyle, etc.) [where this year's class interviewed]. Once you get that far, a lot of it is on you and how well you perform.
I know people that successfully navigated the PE application process and ended up at each of the places I listed above and other prominent places like Apollo, Warburg, etc.
People from the group to go specialized MM PE as well, if that interests you.
I heard that they are going downhill though because most of their revenue came from the Energy group. One kid from my target just accepted and he was pretty upset about it.
Bump..any other info?
have a friend in the FS group now ( heard from him that they split?) and it seems to be doing pretty well.
I think one girl is in TPG hk coming from UBS FSLF team...
Would taking an offer from the team be equivalent to getting a top group at a BAML/BarCap level bank in terms of exit opps?
UBS is definitely not on par at the moment with BAML/Barcap. Momentum seems to be heading the other way... FSLF is split up into two groups now.
Look at it this way. Do KKR and Blackstone give two shits what your bank's league table ranking is? Do you honestly think they go to a Bloomberg Terminal, print the league tables out and rank candidates that way? No. They may give Goldman and Blackstone people a preference because of the sheer level of difficulty to get a job there, but the BAML/BarCap/UBS type pool - hell even MS and JPM kids outside of M&A and TMT - will receive offers based on their merits and how well they can navigate a grueling interview. UBS FSLF is one of the best groups to give you that preparation, which is why they place analysts into megafunds every year.
no homo ...no need to write an essay.
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You guys are fucking entertaining
To get back on topic: http://img28.imageshack.us/img28/5661/fs09fy.jpg
The table's indicative of where UBS stands in Sponsor coverage.
Side note: what do all 25 of these firms have in common?
That every firm on Wall Street has 1 and 2 in common should tell you all you need to know about how incredibly well this industry weeds out the scum that should never work close to it.
"That every firm on Wall Street has 1 and 2 in common should tell you all you need to know about how incredibly well this industry weeds out the scum that should never work close to it."
LOL.
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what other ubs bankers left this week?
UBS FSLF is a total joke. The associates and VP's in that group are all washed up spares. Some of those sacks of shit got paid a zero bonus last year and stil stayed on because they can't find a decent job anywhere else. What a bunch of dildos.
This site can be incredibly helpful for younger people when they get honest perspectives from people who have a good handle on firms, groups, networking, etc. Idiots like you two (who are literally unemployed!) make it a farce. Don't dignify yourselves by calling it trolling, which would be intelligent. You're pieces of shit that don't have jobs and post such out there and idiotic things that it's no wonder you'll stay unemployed for a long period of time.
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I know for a fact that LevFin at UBS is a joke and the pay is below street. I know one 3rd year associate who got a zero bonus there last year.
Assoc and D's in that group are worst on the street and have no deal experience (atleast not any lead left execution experience... just a bunch of pitching and bookrun (trail right) if lucky)
Bunch of internal credit memo jokers
Thoughts on UBS FSLF (Originally Posted: 09/26/2009)
Any knowledge on UBS Financial Sponsors and Leveraged Finance and insights into its future? How are exit opps? Deal flow?
First and foremost, I really like the people in the team and can see myself working into late hours with them. They are supportive of analysts after their 2 year stint to go into top buyout shops. According to the team, placement is 45% in large buyout shops (KKR, Carlyle, etc.), 45% in mid-market shops (Audax, etc.), and 10% choose to pursue other options. Sounds solid. The firm was also relatively sheltered in the leveraged loan area throughout the recession.
Please answer unless you really know your information. I'm already leaning towards signing with them. Thanks!
Didn't you just answer the exit opps question yourself?
Just want some information comparing UBS FSLF with other sponsors and levfin teams around the street (GS, MS, BX, JPM, LAZ, etc.). Basically, is it a good decision to sign with UBS right now vs. other firms' FSLF team?
UBS FSLF&R (Originally Posted: 03/17/2010)
How is this group? Any feedback/input? I know people posted about this but it's been at least a year and buyouts seem to be making their way back
Thx
If you're interviewing for a job with jimbojones, I'd avoid this place like the plague.
The group, however, dedicates a greater amount of resources to its top-5 Sponsor coverage group and growing Restructuring practice than other groups do, and the fact is that PE employers - people that offer jobs that pay $200k+ a year - view the analyst skill set favorably.
Assocs. don't get paid 0 bonus or they would have left. I know people in the group that came from a top elite boutique (GHL/EVR/MoCo), multiple from GS, multiple from CS Sponsors, Citi and multiple from DB. Most people - including yourself - would suck a lot of d to get into one of those places, so it's clear the group and the firm pay competitively enough to attract talent. You made no comment about the analysts because you can't lie about that. They got Street or better and there's no getting around it no matter how butthurt that makes you feel.
Keep lying if you want, but this topic is over.
http://www.leveragedfinancenews.com/data/high_yield_league_tables.html
Currently 10th, FSLF is always a good group but they lost the west coast office I believe.
UBs not that good for it
which office?
I interview with them a few months in SF and the team was extremely lean. When I interviewed there was 1 lev fin md, 1 restructuring md, 1 sponsors md. No VPs (that I noticed) and a few associates and analysts. They were looking to hire and expand the group.
Not too sure if deal flow is coming back.
They wouldn't be looking to expand if they didn't think that the deal flow would be coming back.
Did anyone get SA interview call? surprising that its this late...
Yeah SF office. I'm from east coast so not sure about the group
nice posts
Jimbo, just out of curiosity, what is this seething vendetta you have against UBS all about? It's gotta to the point where I'm legitimately curious as to how someone can hate something enough to go out of their way to rail on it at seemingly every available opportunity.
this is very entertaining watching u guys. ubs does suck though but jimbo ur no better and should stop posting.
david cotter told us all that the #1 represented school is not even an ivy--> stanford, duke, nyu stern, MIT, uchicago?
1 school is BC or CMU
definitely not ivy quality but ubs is a decent mid market bank. see them a lot on the 300-500 million deals with one or two big ones but definitely not as good as they were in the pre-2008 years.
yea my friend worked on a 50mm deal. GG.
To counter some of these undergraduate comments... here are some deals for you within the past year from the FSLF group.
transdigm/mckechnie transaction ($1.27B) http://www.bloomberg.com/news/2010-09-27/transdigm-to-acquire-mckechnie…
IDC buyout ($3.4B) http://www.marketwatch.com/story/interactive-data-agrees-to-34-billion-…
Tomkins plc ($4.5B) http://www.bloomberg.com/news/2010-09-03/citigroup-sets-bank-meeting-on…
Associated Materials buyout ($1.3B) http://dealbook.blogs.nytimes.com/2010/09/08/hellman-friedman-to-buy-as…
I'm sure there are more out there. And note that none of these are energy deals.
.... start doing some actual reading; you guys need to stop using WSO as your sole-source of info. Basically, get your head out of your ass.
^Works at ubs
Good deducing. Apparently anyone who states facts/news about a company automatically works there. Nice.
Retard.
Man this forum is full of idiots. UBS is still doing great deals. Anyone who actually has access to an up-to-date league table could tell you that. Sure, they've dropped off a bit, but I don't doubt they'll be back. What is a concern is them having to rebuild whole teams when they leave en masse.
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