I see a lot of negative posts on this site about UBS. Is it really as bad as people on this forum say? Will doing FO IBD for UBS in NY be a bad career move? It pays street (although hasn’t announced a raise yet RIP), some groups seem to be doing pretty well, is it a good place to start out a career? What are the pros and cons of accepting an offer from UBS?
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Don’t join the tech team lol
Why not?
there was a mass exodus recently
Man, put things into perspective. Starting your first job out of undergrad at UBS IB NYC is not "terrible". That's the problem with prestige ranking if you get caught up in it, you're at a place that will provide world-class training + branding that will open more doors than you know. Take it and remember life is more chill than you think
Good advice. Also the “is it terrible?” was clickbait ngl
Thanks!! How are FIG/Sponsors/tech?
Tech was a solid group but the seniors all quit to svb leerink. The sf office was a genuine sweatshop though, ny based tmt was better.
Don't really know fig that well and only thing I know about sponsors is that they were very busy this past year(like all of wall street). More of an old school culture there (wear a tie, black shoes etc)
FIG is solid. A lot of activity across the verticals and services.
do you know timeline for sa 2022, nyc non target/nondiversity?
bump
One of the insurance EDs/VPs I worked with at Moelis I think moved over to UBS where I think he covers insurance for them. He may have been one of the friendliest / best to work with VPs during my time at Moelis in some respects.
Ben, I'm convinced you were trolling us with your old accounts, because with this new account you made, you actually sound normal for a change
Hey I appreciate the nice note but I don’t think I was trying to troll anyone before. I’m still not sure I know what trolling really is besides that movie Trolls. Just trying to be helpful and think I was in the past. If anything, maybe now I just am a bit more familiar with this website and community here and what is a more appropriate way to act/write/interact here. Still kinda new to this so I’m learning…
This title, and having to ask if any bulge bracket, is "terrible" is ridiculous.
it’s a clickbait title to get people to respond to the thread lmao
Which still perpetuates a seemingly bad reputation for a bank on a forum where most of the viewers are naive students.
I don't know why you people care so much about UBS vs Goldmans vs BAML vs whatever.
At the end of the day, if you work on interesting, headline or big deals, your CV will look good, and you'll get a job as VP/Director at KKR, BlackRock or wherever you want to go one day. And at the junior level, you really think what you're doing at one place is that different to another? PS: I did not work at UBS in case you thought I was defending it ,and have no feelings towards it. More just curious about the mentality after 13+ years in corporate finance, ecm, hedge fund world
You're literally asking if working for a bank in the top ~10 of the league tables is terrible...
It’s worse then our lord and savior RBC
Anyone have info on hours or turnover these past few months?
Probably worse than other BBs, all the 2nd years left as soon as they got their bonus in February so the 1st years and remaining 2nd years got absolutely hammered for a few months with like 50% junior capacity.
They went on a hiring spree at AN level but now associates are all gone too so 2nd and 3rd year ANs are having to help out above pay grade.
turnover has been really really bad
I’d take IBS over UBS
Anyone that thinks starting in IB at the largest Swiss bank is "terrible" is an absolute moron. Especially if people have any intention on leaving North America, the UBS brand is top-tier internationally.
Is it as good as starting GS MS or JPM in the U.S.? No, but its still one of the absolute best first jobs you can get out of college anywhere in the world.
How is their industrials group? Heard it was sweaty
Has anyone reached out to HR at UBS to ask about the base increase?
Take one for the team and do it for us? :) I'll give u my kudos
how about a group effort here?
HR will just say "let us circle back" and then ghost us tbh
Just got it confirmed, we get bumped up Aug 1. We will get a notice tomorrow.
really? we really benchmark ourselves to DB huh..
bet they wait until end of year to pay it out as a "make whole" adjustment, just like how they do with base increases when you get promoted in march
Please more info
Bumped to what, 100k?
Any updates?
AN1 getting bumped to 105k base in line with street. Bonuses not as much.
Do you mean 100k?
Sorry yes, AN1 = 100k, AN2 = 105k
Bumped from AN1 85k, AN2 92.5k
Do you know what current base is now for A1 and what the new base for A2 will be?
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