Unicredit Group

I know that this bank is big in Austria, Germany, Italy and East Europe but I am wondering if anybody has heard of it on Wall Street. I am just curious because I can spend the summer working there but I am not sure if it is worth it. Any advice is welcome.

 

Hi Kimi,

UniCredit's recruiting seems rather untraditional indeed.

One thing I thought of about their recruiting is that perhaps they were on the move rather late for interns and want to simplify the process. I don't know when they opened for applications, but on this active financial recruiting site they uploaded their recruiting post 8th of May which is ridic.

As you can see from their website:

You are about to begin the UniCredit Summer Internship Program, consisting of three stages: an on-line application (web based questionnaire and curriculum vitae submission), a telephone orientation interview and finally an interview with a business line manager.

(Does this mean you can still apply?)

I bet you're fine in terms of the process.

UniCredit would most likely not be the first option for top b-school students in EU, perhaps they have lower standards and tend to skip most of the technical/fit questions.

 

The internship is actually on the FX Trading desk. I know this is Ibanking forum, but I wanted some responses quicker than the trading forum.

Any idea how FX is there?

I think it is a very good op for me as I am starting a two year grad program and this is not my penultimate year, so to get a FO FX Trading desk offer seemed really good considering ill have another summer for interning.

Thoughts?

 
Best Response

The Munich IBD division of Unicredit had hell of per head profits the last year. I.e. way higher than UBS in Europe. I'm actually not sure how's the split there, having said that I dunno if they just do M&A/Advisory stuff or also all kinds of trading. M&A/Advisory on a LTM/YTD basis is looking kinda good this year, around the top 20 in the league tables in Europe. Most of their business is coming from Italy, Germany, Austria and Eastern Europe though.

I cannot really judge them on the trading side. Anyways, Unicredit in London is better than doing nothing, right? If you have no options, it won't hurt you.

 

Oh I have already accepted it, i did on the spot.

I was just hoping to learn a little more on how the bank is perceived bc it seems like a rather new operation london as well as the fact that unicredit seems to have been born of a series of M&A's. It kinda of feels like BAML in that regard.

 

That is what I thought- good opp considering I'll have another summer.

I think if I do a good job i might come out of the summer with an internship offer for the following summer with Unicredit and have that as a backup as I try to leverage my experience into a BB.

 

bringing this back from the dead. I was offered a 6-month internship from UniCredit in Munich, but in LBO's. Any opinions? Is this a good opportunity considering this is my last summer before graduating, as I am coming from a Non-target?

 

Vitae fugit expedita voluptas itaque modi. Aperiam sint autem fugiat. Soluta qui aut dolores officia iure veniam.

Aut unde quas enim provident cupiditate. In quasi praesentium aperiam. Nobis aut aperiam odio voluptas qui quos voluptatem. Est et eaque eum. Et aut est aperiam a commodi quae incidunt. Aperiam aut blanditiis porro est eum.

Corrupti est pariatur alias est voluptatem error. Earum ut voluptas aperiam autem. Blanditiis sit et sit eos omnis aperiam. Aut ut porro alias suscipit consequatur et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”