Comments (53)

 
Feb 27, 2012 - 8:15pm

Considering Aryeh (head of UBS Investment banking) came from this group, one can only imagine in this one of the best places to be within IBD at UBS. Also note that Media and Telecom are extremely strong in NY, arguable top 3.

 
Feb 27, 2012 - 11:32pm

UBS Tech is non-existent out of NY (as someone mentioned earlier, their MDs all left a couple years ago).

M&T is very good (telecom especially) and competes strongly with GS/MS. For all the shit that gets talked about on this site- reality is there are a few good groups still there.

Group places well into PE/HF. Not KKR or anything, but strong shops.

Array
 
Mar 1, 2012 - 1:52pm

The UBS TMT group is solid- the kids go on to Gores, Ares, Platinum, etc. One went to KKR, otherwise its smaller shops. Aryeh was the head of TMT for a hot second before running the ibank (a result of the previous heads going to Citi), so I'm not sure how much that matters. I'd telecom and media are actually the weaker bits, and SF tech is the strongest, but the turnover is ridiculous.

 
Nov 26, 2012 - 12:37am

ExAnalystinFilm:
The UBS TMT group is solid- the kids go on to Gores, Ares, Platinum, etc. One went to KKR, otherwise its smaller shops. Aryeh was the head of TMT for a hot second before running the ibank (a result of the previous heads going to Citi), so I'm not sure how much that matters. I'd telecom and media are actually the weaker bits, and SF tech is the strongest, but the turnover is ridiculous.

I agree, the group is getting weaker and weaker every year. Most analysts work 100+ hours every week just to stay alive and not get fired. Those who have been lucky enough to escape have ended up at crappy shops across the street, many end up going to corp dev jobs.

The culture is not very supportive of exit opps. I know all of this because I used to work there. Feel free to PM me if you want more info.

Overall: stay far away from this group.

 
Nov 26, 2012 - 1:16am

jackandcoke11:
ExAnalystinFilm:
The UBS TMT group is solid- the kids go on to Gores, Ares, Platinum, etc. One went to KKR, otherwise its smaller shops. Aryeh was the head of TMT for a hot second before running the ibank (a result of the previous heads going to Citi), so I'm not sure how much that matters. I'd telecom and media are actually the weaker bits, and SF tech is the strongest, but the turnover is ridiculous.

I agree, the group is getting weaker and weaker every year. Most analysts work 100+ hours every week just to stay alive and not get fired. Those who have been lucky enough to escape have ended up at crappy shops across the street, many end up going to corp dev jobs.

The culture is not very supportive of exit opps. I know all of this because I used to work there. Feel free to PM me if you want more info.

Overall: stay far away from this group.

Not an expert on this situation, but sounds like your evaluation is for basically all of UBS IBD. Pretty unfortunate for what used to be a strong franchise in the US

 
Nov 26, 2012 - 1:17am

UBS TMT 2014 (Originally Posted: 10/12/2014)

I realize that there is a multitude of threads already about UBS TMT, but they are all out-dated. As you guys may know, the bank, led by the efforts of Andrea Orcel, have made some serious cuts to save costs. UBS TMT, seemingly and unfortunately, has been hit especially hard.

I have a serious interest in TMT Investment Banking and have a first-round interview with UBS this upcoming week. I want to express my interest for the group right off the bat, but is that a group still worth pursuing? Does anyone know how UBS TMT is doing these days?

 
Nov 26, 2012 - 1:18am

Seems like IB as a whole is becoming less of a focus for them. I'd obviously take the interview and decide after you have offers though

 
Nov 26, 2012 - 1:20am

When you post about UBS on this board, you receive incorrect information from people that do not know what they are talking about...

UBS TMT is one of the stronger groups there, and arguably, the strongest coverage group.

 
Nov 26, 2012 - 1:21am

SingularityVC:

I have a serious interest in TMT Investment Banking and have a first-round interview with UBS this upcoming week.

Congratulations.

SingularityVC:

is that a group still worth pursuing?

Well...

SingularityVC:

I have a serious interest in TMT Investment Banking

Probably worth pursuing.

 
Nov 26, 2012 - 1:22am

why kids who are not in the industry and more than likely will never sit on an IB desk keep making comments is beyond me.

Yes UBS was hit hard several years ago, but it has grown since 2012 pretty significantly. TMT right now is doing relatively well. I will go ahead and assume not at the same level as GS or JPM TMT, but it is nothing to sneeze at. For example, mandated on the Cognizant/Trizetto deal.

 
Nov 26, 2012 - 1:26am

I'm currently at an IB in TMT coverage at a firm that is higher ranked in the league tables than UBS, but thanks. Apparently I'm not qualified to speak about banking or my space but you go ahead and assume things. You know what happens when you assume right?

 
Nov 26, 2012 - 1:23am

UBS is faring much better than people on here make it seem. You really don't realize where banks are until after you've actually worked on the street. So beware of loser college juniors (and even seniors in some cases) that post as though they have their finger on the pulse of Wall Street.

Sure, it might not place at megafunds at the level of GS/MS/JPM and BX (PJT?)/LAZ/GHL/EVR, but the opportunities out of UBS are still great, and you will still feel the love from headhunters.

 
Nov 26, 2012 - 1:28am

none

========================================= We are excited to formally extend to you an offer to join Bank of Ameria
 
Nov 26, 2012 - 1:29am

I think Siemens asked them to auction off something or other. Although that might have been classed as a Healthcare deal. Not too sure.

__________ Just my 2c.
 
Mar 1, 2012 - 5:01pm

My friend who interned at UBS SF TMT group in 2008 accepted his FT offer there for Fall 2009. It was deferred to Spring 2010. He worked there for 4 months and said that there was no work to do for anybody. He left after 4 months and lateraled to another BB. He said his coworkers didn't even notice that he was gone for days interviewing, because nobody was ever working. This is just one person's experience at UBS SF TMT, but his experience was pretty bad.

 
Mar 1, 2012 - 5:31pm

masterg:
My friend who interned at UBS SF TMT group in 2008 accepted his FT offer there for Fall 2009. It was deferred to Spring 2010. He worked there for 4 months and said that there was no work to do for anybody. He left after 4 months and lateraled to another BB. He said his coworkers didn't even notice that he was gone for days interviewing, because nobody was ever working. This is just one person's experience at UBS SF TMT, but his experience was pretty bad.

Well yeah, they had no work because their MDs all left. But I know for a fact they saw a rebound after they hired a pack of MDs from Morgan Stanley and JPMorgan in Mid-2010. How's the SF team doing now?

For NY, I've narrowed my options down to TMT, M&A and Financial Sponsors.
Trying to decide how to rank my preferences, so I'll be prepared for sell day. Thanks for all the input guys.

 
Nov 26, 2012 - 1:38am

UBS LA - Tech / M&A? (Originally Posted: 10/10/2009)

Hi,

Just curious about people's thoughts of UBS LA. Obviously it is not the same office as it was in the past; however, I am just wondering what everyone's thoughts are about the group and exit ops. Seems like a lot of heads are based out of the office. There's the option of being placed in the technology group and the M&A group. The Tech group is significantly larger and they're trying to grow both groups as well. Thanks.

I have been told that recent analysts have gone to KKR, Ares, Gores Group... would really appreciate anything.

-Monkey

  • 1
 
Nov 26, 2012 - 1:39am

you will work HARD. The office has not changed in that respect. Still strong analyst placement, at least there was before the lay offs. There are still some very impressive senior people in this office - who will demand a lot but who I'd imagine you'd learn a lot from. If you want west coast, I would still consider this next along with Moelis as most desirable for exit opps/prestige.

 
Nov 26, 2012 - 1:40am

for what it's worth, the global head of tech is based out of la. also those 2nd years who were "laid off" already had pe and hf offers. they were approached before being let go and didn't mind leaving early, since they had offers anyway. bigmonkey31, do you have an offer from them? did they recruit at your school or was it on a referral basis?

 
May 25, 2012 - 10:55pm

UBS TMT was the lead adviser on one of the largest tech M&A deal announced this quarter also saw them on the AT&T billion dollar deal. I'd say it's legit. For sell day, I'd definitely pick TMT or FS/LF. Like no homo said, the M&A group isn't doing so hot on the league tables.

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