UBS LA, CS LA or HLHZ Restructuring Group?

slkyswtbllr05's picture
Rank: Baboon | 117

So I know you guys hate these comparison forums, but UBS LA (w/out Moelis), CS LA or HLHZ Financial Restructuring Group? Considering moving back to the west coast for banking and have Superdays with all three next week (summer analyst position).

I'm sure you veterans have informative opinions.

Thanks,
SII

Comments (11)

Jan 23, 2009

I liked the people and the culture at all three...

Jan 23, 2009

Just focus on actually getting the offers from the superdays...

Jan 23, 2009

HLHZ Restructuring...you will probably have the best experience there over the next couple of years

Jan 23, 2009

I'm inquiring ahead of time, because if I do receive all three I want to make a quick decision.

Thanks guys keep it coming.

Jan 24, 2009
slkyswtbllr05:

So I know you guys hate these comparison forums, but UBS LA (w/out Moelis), CS LA or HLHZ Financial Restructuring Group? Considering moving back to the west coast for banking and have Superdays with all three next week (summer analyst position).

I'm sure you veterans have informative opinions.

Thanks,
SII

CS LA. Great track record of post banking placements. The market should be better by the time you start full time in 2010.

Jan 24, 2009

All 3 are great groups. HLHZ has more of a focus on creditor representation which can be more useful if you want to go to a HF. I would take CS over UBS LA given the current climate and UBS' difficult position.

Jan 26, 2009

I'd be careful with CS LA, the recent layoffs there were massive and the group is only ~30 people. UBS mostly just fired analysts, so although the coverage footprint is strong, you're going to be an analyst and most likely wont want to lose your job. Not sure which one I would take of the two, but I'd complete my research and talk to guys working at the groups before deciding.

HLHZ seems to be the most safe, however, exit opportunities are far worse than the other two. Guess this recruiting season is all about balance

Jan 28, 2009

Definitely solid insight on the UBS LA vs. CS LA. I'd be careful about classifying HLHZ Res't as having far worse exit opps though. If comparing UBS/CS LA to HLHZ CorpFin/FAS, then definitely, exit opps aren't even in neighboring leagues. With HLHZ restructuring, the exit opps are more so different, than anything else.

It's a competitive top 3 res't group, you can't really go wrong with it. You'll be a big target for distressed funds, especially if you get to take part in a lot of the big transactions over the coming years. Again, keyword is more so different than worse.

Jan 26, 2009

Thanks guys this is all helpful keep it coming...

Jan 29, 2009

The best advise I can give is to decide what your your long term goal is and then work backwards.

HL will give you great exits into distressed/turn around pe/debt funds but probably won't position you well too for traditional PE. Does that mean you can't get into traditional PE, no, it will just make it that much harder.

UBS / CS will open many more doors.

Also bear in mind that HL pays below street.

Jan 29, 2009
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