UBS vs. Jefferies
I have interviews at both these firms and I was wondering if I do get both offers which one to take? Now I know UBS is traditionally much better than Jefferies but I don't want to lose my job and I want to see good deal flow. Please talk about the companies in general and not just healthcare or something.
Would you guys pick jefferies considering ubs decline?
I would go with Jefferies. They are smokin hot right now with a super solid balance sheet. I have a couple friends working there now and love it.
Thanks westfald, what about exit ops? I was wondering if they're going to be the same in 3-4 years especially since ubs will probably no longer get megafunds so MM PE will be the same for both? I would like to do PE or MBA so I guess either is ok for that? Does anyone know how hard UBS has declined?
UBS if you really want to have an international career and getting fired from UBS will not be that big an impediment to get another job! It's more difficult if you're fired from Jefferies.
The ques is : in which dept do you want to work and what kind of career are you hoping for?
the more ambitious and foreign oriented you are: the more likely you'll love ubs. ubs are reshaping the firm right now and the future doesnt look that bad as many pple might think
i kw a few friends from jefferies who've interviewed at ubs and got rejected
jefferies close to becoming BB? and is UBS still considered a BB
Jefferies have come in leaps and bounds since the crisis. Whilst the strategy at UBS isn't really clear. They might clearly signal their intention to play with the big boys once again by poaching tons of MDs and cranking the balance sheet up. But on the other hand they might take things more slowly and frugally.
Right now Jef looks to be a better choice (assuming you go for their top teams), but in the long run UBS will bounce back. The question is only of when.
jefferies is MM, I know since i went to their info session and interview and they don't have structure nor want to be a large bank. But I just want to talk about a good MM vs a declining large bank like UBS
I would put both at about equal though UBS is still 13th on U.S. leagues (top 15 bank) and Jefferies is at 25th (top 30 bank usually). UBS will give you bigger and more interesting deals, but who knows what will happen in the future.
didnt vault put Jefferies really high on most prestigious employers...even higher than citi&bofa so its gonna be good
dude dont base your shit on the vault guide... its worthless
however, jefferies is doing really well, i see them everywhere now
Phillie: Don't troll if you're going to ask the board for help about why you can't get interviews with ur 3.4 gpa from "an ivy".
bump serious responses please
go for UBS
You have interviews not offers, correct? The most likely outcome is that you receive one or zero offers so don't worry about which is the better bank at this point worry about doing well in the interviews. You're jumping the gun.
UBS is recognized worldwide, very strong in Europe and one of the strongest in Asia. I wouldn't think twice.
anybody know about recent bonus figures at both banks? i'm assuming both are standard 70K for 1st year analysts?
Jefco is on a roll, you'll get a very good experience there. And for whatever reason they are under-represented at top business school so that is an angle you can work.
i'd go jefferies
Hey,
I recently interviewed for UBS. I had a great experience meeting with the Analysts/ Associate staff and received an offer from UBS. Overall, I do believe that UBS is a much better firm than Jefferies.
On the other hand, Jefferies did not give me an interview spot while on campus. This made some sense because they have a lower requirement from applicants, and have a bunch of clowns on their list for interviews.
If given both offers, take UBS over Jefferies!
Whats the difference between a MM and a boutique?
You never compare BB with MM. You only compare BB with top elite boutiques. Period.
Jefferies - see Exxon Mobil deal, see Healthcare
ukon, what about bb capital markets vs jefferies m&a (i realize there are other threads on this). in general, agreed but not always so simple
ukon, what about bb capital markets vs jefferies m&a (i realize there are other threads on this). in general, agreed but not always so simple
Well, in this case, I think it is more about cap mkt vs. M&A, rather than UBS vs. Jefferies. Especially if you are seeking buyside opportunities in two or three years, Jefferies M&A is a no brainer then.
However, if you are comparing the same division at both firms, BB > MM most of the time except for specific case. (eg: Jefferies HC vs UBS HC)
^Akon can you comment on how it's a no brainer?
Definitely UBS.
Definitely jefferies.
really? UBS is still a BB despite everything and while Jefferies is a solid MM does its recent deals/growth compete with UBS?
Honestly, why would anyone (assuming they have a choice) go to UBS? It is a horrible culture, weak bank, and a sweat-shop.
Lazard, Moelis, Blackstone also have rough cultures with sweatshop hours. I know UBS aren't as great as those 3 firms but they are still a BB whereas Jefferies is a decent MM.
.
I got offers from both UBS and Jefferies... I took UBS, you can PM me.
ubs is not a bb anymore in the us so go with jeff
besides BBs and elite boutiques are there any investment banks that are definitely better than jefferies? (thinking along likes of HLHZ, William Blair or larger places like HSBC and BNP IBD)
in terms of prestige in the US. I think Jefferies is on par with HLHZ, and more "prestigious" than the other firms you've listed.
what about nomura vs ubs?
Nomura? Are u kidding me? ;) UBS of course.
Several friends of mine are at Jefferies... they're getting a ton of big name deals though working obscene hours as a consequence. Also are ranked #3 on league tables (Goldman is #4) for equity-linked. Not a bad place to be.
i took jeffco but for fixed income s+t growing
hahahah GS/MS/JPM > UBS then uBS
how can you ask such a question.... in Europe and Asia alll the people I know at Jefferies are so despereate to get out that they are happy to accept LLoyds banking group or SocGen ...... hahahahhaha
Jefferies that shithole haha
Tell that to these guys
http://online.wsj.com/article/SB100014240527487046626045762023227506789…
Jefferies has a good reputation for a firm its size.
UBS is a BB, with typical BB training programs, and way more international exposure.
In the U.S. and especially on these boards it gets torn apart (it has scaled down recruiting in the U.S.) but it is one of the largest, most well-regarded banks worldwide. It's one of the biggest players in PWM.
Comparing HSBC and BNP to jefferies is like comparing apples to oranges; they are completely different. HSBC and BNP (esp BNP) recruit way more of its talent from Europe.
BNP is also one of the largest (if not the largest) banks in the world. I know colleagues that work there who say the work environment is much better than American BB's -- this could just be a general europe thing.
HSBC is a powerhouse in asia (hong kong) but is a British bank, interesting history there.
Whoever said Jefferies is more prestigious than BNP/HSBC is a moron. Impossible to compare.
HSBC and BNP are definitely much harder to break into (again, mostly because they recruit from Europe), i'll tell you that much... Jefferies was handing out job offers this year to my class and kids weren't even giving it the fair consideration I think it deserves.
Dude I am talking about Lloyds banking group and SocGen .. not HSBC and BNPP..
BNPP is great but you get paid shit and won't become any higher than Associate if you are not called Pierre / Guillaume
Jefferies may be good but UBS def. deserves its respect, that idiot Huw Jenkins already got terminated and management is determined to get UBS back to where it was..
Its just crazy people compare it with shitholes such as Jefferies, HSBC, BNPP.
pivot, your post is so wrong i don't even know where to start.
firstly, lloyds is basically a huge retail bank. literally, thats all it is. same with Societe Generale... it owns stakes in other industries like AM but its business, for all purposes, is run on retail banking. Conversely, BNP & HSBC are more involved in corporate finance (though HSBC also maintains retail banking as a large part of its business)
and regarding comp, you have no idea what you're talking about. you get paid very well at BNP.
based off this quarter's comp allocation, jeffco paid on average 575,000 per employee
based off the 442,892,000 comp number in their latest report
correct me if i'm wrong, but i think this is one of the highest numbers on the street
i know they raided the healthcare team team (Lorello)
http://online.barrons.com/article/SB50001424052970203965104576218611338…
http://www.jefferies.com/pdfs/2011Q1FinancialResults.pdf
If you're looking to go international one day I'd say UBS, otherwise, if you're destiny is wall street banking for life, perhaps jeff's
Facere dolor at laborum blanditiis magnam dolores ratione. Quos harum voluptates ab exercitationem voluptatem dolorem aut. Nulla dolorum illum veniam voluptatem nihil rerum explicabo. Veritatis ut repellat aliquid consequatur in molestias. Quam commodi autem et ducimus voluptas nostrum et distinctio. Ab eos corporis quia quia ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Aut vitae voluptate iure. Repellat laudantium dolorem voluptatibus non corporis. Et porro omnis harum perferendis mollitia omnis. Suscipit voluptas neque dolor earum natus harum iure vitae. Quis ut enim nobis ipsam. Qui totam omnis quasi ut. Sint repellat quia aut eum quidem consectetur.
Aspernatur qui architecto assumenda illum. Et dignissimos velit architecto amet. Possimus aut dolore ducimus necessitatibus eos. Vel repellendus quo deserunt est nobis et. Sit quod itaque qui natus molestiae.
Inventore laudantium sed omnis ex. Totam quam placeat hic facilis non qui. Quis ut hic rem quisquam. Non veritatis quae vel explicabo.
Culpa autem earum ut excepturi sed voluptatem. Occaecati harum inventore aspernatur aspernatur illum ipsa. Accusamus omnis molestiae sunt quia amet sequi minima aut.
Cum non suscipit suscipit inventore quia. Consequatur voluptates nobis ut ut beatae. Ullam tempora et eveniet ullam voluptas. Dolorem soluta consequuntur aliquam ullam et. Facere iste tempore officiis quod iste voluptatem quis. Recusandae reiciendis dolor ab. Et autem atque sit ea quod maiores alias.
Quis dolor ut omnis. Rerum id dolores rem velit quia quidem est. Cum similique aliquam et. Sit qui minima et aut commodi autem eos.
Est distinctio quo dolor voluptas corrupti cumque. Adipisci neque ipsa tenetur cupiditate voluptas culpa. Ducimus minima numquam minus et ipsa nihil qui voluptas. Quae tempora impedit atque excepturi sit quis voluptatem omnis.