Pages

What are some reputable groups at UBS? What are some good questions to ask for networking?

stonejuggy's picture
Rank: Chimp | 11

Hi,

I recently accepted an offer to work at UBS for the Investment Banking summer analyst program, and I was wondering what is the general feeling about the different groups at UBS? I am a Information Systems & Computer Science major so I am looking for a more quantitative group with exposure to finance (which is not one of my strengths). Also, what are some good questions to ask the groups when I network with them either via phone call or email? Any help would be greatly appreciated, Thanks!

Also, does anyone have any suggestions on how to get up to speed on Modeling / IBD (either online resources or textbooks?)

Comments (290)

Mar 23, 2011

What are some good questions to ask groups? What is the best way to network into a group in terms of group selection?

Mar 23, 2011
stonejuggy:

What are some good questions to ask groups? What is the best way to network into a group in terms of group selection?

Talk to HR, tell HR you'd like to talk to people in the groups you're interested in, talk to them, talk to more people, go to the sell-day, ???, profit.

The best groups - as stated before - are going to be Sponsors or Leveraged Finance (still operate pretty closely) if you want a shot at megafund PE and M&A if you want a broader set of exit opps. Should be obvious, but avoid ECM and Private Funds Group (you would almost be better off quitting).

Mar 23, 2011

Stonejuggy,

If you are looking for some really good material I would suggest "Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions" (Wiley Finance) [ http://www.Amazon.com/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/0470442204 ]. I would pretty much guarantee that if you asked someone at UBS what you could read to hit the ground running they would suggest this book.

What UBS location will you be interning at? If it is a location where I've made contacts I can give you better information.

Mar 23, 2011

Thanks everyone for your comments they've really pointed me in the right direction.

@God of Wine, I will be interning in the New York Office.

I guess my main concern is that since Finance isn't my strongest attribute, It would be hard to get into the competitive groups such as Leveraged Finance and M&A. I am from a semi-target school, so Alumni contacts and leveraging the University will also be difficult given there aren't that many alumni in these groups.

So if I know my 'application' to these groups isn't as strong as other finance majors - would you recommend me to just network and network and try my best, and rank one of the competitive groups first? By ranking a group first, I lose competitiveness in my 2nd choice, 3rd choice etc. What would be a group that is not as competitive, but would provide a strong experience with exposure to Finance and would fit my background?

Mar 23, 2011
stonejuggy:

Thanks everyone for your comments they've really pointed me in the right direction.

@God of Wine, I will be interning in the New York Office.

I guess my main concern is that since Finance isn't my strongest attribute, It would be hard to get into the competitive groups such as Leveraged Finance and M&A. I am from a semi-target school, so Alumni contacts and leveraging the University will also be difficult given there aren't that many alumni in these groups.

So if I know my 'application' to these groups isn't as strong as other finance majors - would you recommend me to just network and network and try my best, and rank one of the competitive groups first? By ranking a group first, I lose competitiveness in my 2nd choice, 3rd choice etc. What would be a group that is not as competitive, but would provide a strong experience with exposure to Finance and would fit my background?

At the end of the day, if you're likeable and you put in a sincere effort to better understand what these groups do and to express your interest in these groups to the analysts you talk to, that will probably be adequate.

No one expects you to be able to build a full credit, LBO or accretion/dilution model on day one. A good number of summer analysts in M&A go the whole summer without putting together an accretion/dilution model. No one really gives a shit whether or not you came from Harvard/Yale/Princeton/Stanford/Wharton either. What people do care about is that you're a person they can work with, hang with and teach for 9 weeks.

So long as you do what I said and rank your preferences honestly (based on your interactions and what you think would be best for your development going forward), you probably won't get into a group outside of your top 3.

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Mar 23, 2011

Do you still have your time-sheet from your UBS superday? Chances are someone who interviewed your pod or another pod is either a director of some sort in M&A or LevFin. Find that sheet and grab the names on it. If you are still dry after you try this I can give you some leads.

Mar 23, 2011

Hey no homo - Thanks a lot for your comments, this feedback is really useful! I was wondering if anyone had any advice on what are some good questions to ask groups? Or what is a good way to network? (Just put yourself out there and bother them a lot? or ask for conference calls, etc.)

Thanks!

Mar 24, 2011

HAHAHAHAH

Just laughed for a good 30 seconds when I read the words "reputable" and "UBS" in the same sentence. Holy crap, thanks for the laugh. Who cares what UBS's best groups are - they're all shit. Just do your best to GTFO and into a real BB.

    • 5
Mar 25, 2011

duke

seriously?

could you just go away please

Mar 25, 2011

nohomo and pivot will try to tell u there are reputable groups.

besides janitor, UBS has 0 reputable groups. thanks and good luck

    • 2
Mar 25, 2011

Industrials.

    • 1
Best Response
Mar 25, 2011

LevFin, Industrials, Healthcare, possibly M&A.

    • 2
Mar 25, 2011

What about TMT?

Mar 25, 2011

What about TMT?

Mar 25, 2011

How is their Houston energy group?

Mar 25, 2011

Not healthcare, unless you like to pitch. LevFin, M&A, TMT, GIG are good for sure.

Mar 25, 2011

Sponsors / Lev Fin, Industrials, and TMT are the best there (in order)

Mar 25, 2011

Ditto the above. leveraged finance is by far the best group there, but Industrials is also strong. I would say those are the best two, but TMT and HC are pretty good too. The leverage finance & sponsors group brought in over 35% of UBS' entire IB revenue last year

    • 1
Mar 25, 2011

bump

Mar 25, 2011

What? @Hedgehog68's comment is all you need to hear. One group brought in 35% of the work, the second best group probably brought in 15-20%, so that leaves less than half for the rest.....

Mar 25, 2011

Seems misleading, for one leveraged finance is a product group and many times the fees are sourced by or in partnership with the coverage group. Similar partnerships are also generally the case with financial sponsors and the coverage teams

Mar 25, 2011

FS, M & A & Industrials are the best groups at UBS in regards exit opportunities to PE.

Mar 25, 2011

Bump

Mar 25, 2011

I think the two good groups are M&A and LevFin/FS.

Mar 25, 2011

sponsors/LevFin is very solid, M&A is good, HC worked on some pretty big deals, Industrials is good. What i picked up from people at the bank during recruiting. Would say FSG/LevFin is the best

Mar 25, 2011

in EMEA or US?

Mar 25, 2011

What are exit opps for those top groups?

Mar 25, 2011

Bump

Mar 25, 2011

How is UBS TMT in San Francisco?

Mar 25, 2011

M&A and LevFin. Also do a search.

Mar 23, 2011

Sent you a PM.

Mar 25, 2011

FSLF, TMT, M&A

Mar 25, 2011
bigmonkey31:

FSLF, TMT, M&A

FSLF is no more. Fin Spon and Lev Fin are now separate entities at UBS.

Mar 25, 2011

At this point aim for HR

Mar 25, 2011
GoldenMonkey:

At this point aim for HR

Someone has never dealt with UBS' HR dept.

Mar 25, 2011
GoldenMonkey:

At this point aim for HR

LMAO, I knew somebody was going to say this!

You give me a gift? BAM Thank you note! You invite me somewhere? POW RSVP! You do me a favor? WHAM Favor returned! Do not test my politeness.

Mar 25, 2011

Did you get any other offers? This board is very negative about UBS... what is your view on UBS compared others?

Mar 25, 2011

f**k all of you idiots on this website. get a college degree then talk to me.

UBS is an amazing bank. any group will teach you a lot about investment banking, set you up with incredible exit opps, and pay you pretty damn well. personally, i would stick with m&a or LevFin.

seriously, it's a great place. don't forget, the fact that you have an SA offer puts you in the top 1% of all summer internships in the nation. congrats!

Mar 25, 2011

f**k all of you idiots on this website. get a college degree then talk to me.

UBS is an amazing bank. any group will teach you a lot about investment banking, set you up with incredible exit opps, and pay you pretty damn well. personally, i would stick with m&a or LevFin.

seriously, it's a great place. don't forget, the fact that you have an SA offer puts you in the top 1% of all summer internships in the nation. congrats!

Mar 25, 2011

wow, someone drank the koolaid. It's not just this board trip...

Mar 25, 2011

I don't have any affiliations with UBS, but I'm sure it isn't as bad a place that this board is making it out to be (it certainly isn't the UBS that it was when Moelis and Lorello were there but it is still a BB nonetheless) . Like people mentioned here already, I've heard their M&A and FSLF groups are very solid, with FSLF giving you some solid exit opps.

Mar 25, 2011

lol... I was going to make a joke, but it really is stupid...

This board equates UBS & Barclays with like Mississippi Southern Junior College and Northern Arizona Vocational University.... the reality is that while UBS, Barclays, etc, are in the lower side of the top, they're still part of the chosen few. A better analogy would be UBS & Barclays = Cornell, Penn or Brown. Yes, it's not HYP, but it's still in the fucking ivy league son. The hating really does need to stop, not just because it's not funny (lord knows, it's hysterical), but because I fear some dumbass college kid is going to reject and offer from UBS because he doesn't want his resume to be tainted forever... as if it were like --- Accenture---- or something.

Mar 25, 2011

Haha, that's a good analogy. Kids who snob over lower-tier BB firms need a reality check; getting an offer anywhere in the BB will place you in the top 1% of college graduates across the nation in terms of job placement.

Mar 25, 2011

So true, offers within the BBs have a certain element of randomness to them, and any offer in a BB for FO is worth its weight in gold.

It will never stop though, just because there are always relative comparisons, and in a world such as WSO where lower tier BB's are considered to be near the bottom of the totem pole, Piper bashing is inevitable.

Mar 25, 2011

best group at UBS is janitor.

Mar 25, 2011

If you are interested in the area Real Estate Lodging and I think its either leisure or gaming is a solid group. I met a bunch of them during recruiting and they were for the most part pretty cool.

Mar 25, 2011

i've heard RE is really strong as well. So there's at least 1.

Obviously UBS, as a whole, is a solid bank. But saying that it's "amazing" is just as inaccurate as saying it universally sucks.

Amazing is a pretty strong adjective for any job that doesn't require catching a ball for a living.

Mar 25, 2011

FSLF, M&A, and TMT are the strongest groups.

Mar 25, 2011

I'll echo the comments in favor of Lev Fin and Sponsors (fka FSLF). Not only are FSLF two strong groups at UBS that have made a decent number of lateral hires, but the guys are very down to earth. I'm not sure what their demand is for interns, but I think it would be a great group to join.

Mar 25, 2011

hey atleast its not an offer at piper Jefferies

Mar 25, 2011

Why are FSLF split? Which of the 2 is the better of the 2? What is the difference in terms of work?

Mar 25, 2011

FSLF can get you into a megafund. Absolutely great group.

Mar 25, 2011

And I mean either FS or LF. They are indeed separate groups now.

Mar 25, 2011

Agreed, know guys in LF, sick group.

Mar 25, 2011

Thanks for the help guys.

Any thoughts on UBS Power and Utilities? I know they used to be strong in this space but wasn't sure if they still were.

Mar 25, 2011

this bank hasn't sent anyone to a good shop in 2 years. energy and power is dead bro, read the news.

Mar 25, 2011
boutiquebank4life:

this bank hasn't sent anyone to a good shop in 2 years. energy and power is dead bro, read the news.

really? what do you consider a good shop? like uhm... mega only?

Mar 25, 2011
boutiquebank4life:

this bank hasn't sent anyone to a good shop in 2 years. energy and power is dead bro, read the news.

Dude, this is a flat out lie. They are 6'th internationally for M&A. Quit spreading this crap which could very well be taken seriously by other members.

Mar 25, 2011

i'm aware energy went downhill

energy =/= power, which is why i asked

Mar 25, 2011

hahaha boutique, give it a rest dude.

Mar 25, 2011

Energy advised on Massey deal. UBS also on Cargill deal advising one of the trusts. So Energy and Industrials are pretty busy.

Mar 25, 2011

I also have a summer offer with UBS for banking. I've sort of narrowed it down to M&A, LF, Real Estate. If I plan on going back to campus and pursuing full time elsewhere, should I be worried about the rank of M&A relative to other banks' M&A groups? I really like the Real Estate guys, but will I get stuck in that industry forever?

Also, are there other groups besides these at UBS that are worth considering?

Mar 25, 2011

Industrials --> headed by Josh Rosenbaum, who wrote "Investment Banking"

Mar 25, 2011

UBS is horrible at all groups

Mar 25, 2011

hahahah boutique is such a sad person

Mar 25, 2011
pivot1990:

hahahah boutique is such a sad person

dont be mad u work at UBS, U MAD CORP BANKERS STYLE ON U?

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Mar 25, 2011

Lateral for FT

    • 1
    • 4
Mar 25, 2011

The first high schooler answers

Mar 25, 2011

Sponsors should be pretty good, a friend works in that group and I've heard good things about culture/ops/etc. M&A was a good pick but has been going through some internal changes and I'm not sure how set in stone the future of the group is, but should still be a top pick for the summer afaik. Other than that somewhat unsure- would appreciate someone who knows UBS better chiming in

Mar 25, 2011

Is this for the NY office ? If so, M&A and Sponsors are still the best groups in terms of exit opportunities and dealflow.

Mar 25, 2011

I met with several analysts in the real estate, leisure, & lodging group, they really enjoyed their group's culture.

Mar 25, 2011

In no particular order... TMT, Industrials, Sponsors/LevFin, and M&A

Mar 25, 2011

Why do you say that? And what do you think about their power&utilities and healthcare groups?

Mar 25, 2011

i thought/heard hc was really good

Mar 25, 2011

Power & Utilities just lost their head and 2 other MDs to BX

Mar 25, 2011

well that fking sucks.... any opinion on Healthcare?

Mar 25, 2011

TMT group there is basically gone isn't it? Think Lev Fin / Sponsors and Industrials are the good ones left.

    • 1
Mar 25, 2011
barf:

TMT group there is basically gone isn't it? Think Lev Fin / Sponsors and Industrials are the good ones left.

No. TMT is still there and they do fairly well. I would say besides Lev/Fin Sponsors, M&A group is very solid. As others noted above, Industrials is one of the better coverage groups. I have heard healthcare is a good group there too, but I don't know too much about it to add any more insight

Mar 25, 2011

What do you consider a "Good Group" ? - Is it where you are going to learn the most modeling, have the best/most fun experience? Have the best Job opportunities afterwards? Work the least hours? Work the most hours?

Mar 25, 2011

Best exp & modelling I personally don't care about hours ... I don't think that should be a concern at entry level banking.

Mar 25, 2011

I kept hearing M&A has only senior bankers now and doesn't take analysts anymore since analysts in coverage groups run the model. Can anyone attest to this?

Nothing is true; everything is permitted.

Mar 25, 2011

I found this to be very much the opposite during my time at UBS. Basically LevFin, FIG, Healthcare and M&A were the only groups that actually ran the models during deals. Healthcare and M&A were probably the best two groups but worked the most hours. FIG was also one of the best until Sarkozy left for Carlyle but known to work crazy hours. The product groups, especially consumer, had the best work-life balance (all relative of course)

Mar 25, 2011

FWIW, FIG at UBS had nice people. Can't speak to the deal flow and type of work you will do. Good luck!

Mar 25, 2011

del

Mar 25, 2011

I know UBS has been trying to recruit a 2nd Yr Analyst for their Private Funds Group - Secondaries Advisory (not sure if they filled the position but i know they want to hire/start immediately). In terms of "best" group, I would rank this as below some (or most) of the other groups for 2 reasons: 1) limited exit opps; 2) Evercore has raided UBS' secondaries team.

You get a ton of exposure to PE and build useful connections but the lack of modeling/technical work in that job would put you "behind" someone (if you're trying to get into PE). I think the second point is self explanatory. There's a thread about PFG that was posted earlier. PM me if you have any other questions

Mar 25, 2011

UBS' FSLF, now two groups, has been top-notch for awhile.

Mar 25, 2011

..go to M&A. LevFin/sponsors is good but go to m&a.

I'm making it up as I go along.

Mar 25, 2011

FSLF is very good.

--
"Those who say don't know, and those who know don't say."

Mar 25, 2011

FSLF apparently split into 2 but at the junior level you are still cross-staffed from what I've heard. Both are strong groups and definitely UBS's tops.

Mar 25, 2011

.

Mar 25, 2011

.

Mar 25, 2011

You can't go wrong with any of those 3 groups, all of the groups have relatively solid placement into PE/HF,

Mar 25, 2011

LA

Mar 25, 2011

Latin America? Why do you think thats the best group?

Thanks very much.

Mar 25, 2011
ghosht:

Latin America? Why do you think thats the best group?

Thanks very much.

LA = Los Angeles
Do a search. You'll find many posts/threads on UBS LA.

Mar 25, 2011

Thanks peterwada.

However I was curious about UBS sector/product groups in NYC.

Mar 25, 2011

Healthcare

Mar 25, 2011

Healthcare is the best probably (it's one of the best, if not the best healthcare groups on the street). Lev fin/restructuring/sponsors and M&A are also very good.

Mar 25, 2011

Healthcare is a deal machine.
Sponsors/Lev Fin does well. M&A is also strong.
Media is a rising franchise.
Consumer Retail is still moving, despite Blair Effron's deaparture.
UBS LA is probably the premier location, with several old DLJ guys who are now Global Heads sitting out there - but recruiting is handled separately.

Mar 25, 2011

even though HC is deal machine, you'll not sleep for 2 years working in that group......it's probably the biggest sweatshop/worst hours on the street...i know 2nd year associates in that group who are continuously pulling 19 hours days for weeks and months....imagine life as an analyst.

Mar 25, 2011

Recruiting does go through UBS NY. I don't know what you are talking about. They have their own target schools but the same HR contact in New York does the filtering. If you are a top candidate at a good school you can get referred to UBS LA.

UBS LA is by far the best group at UBS - Healthcare exits are not great.

Consumer is good, FSLF and Restructuring are improving steadily, Gaming / Real Estate is ok compared to the street, Consumer is excellent, M&A obviously is good as well and places spectacularly.

Mar 25, 2011

Westcoasting,

Could you expand on UBS Healthcare's exit opps? I was under the impression it is one of (or maybe the) top healthcare group on the street. Don't all of the top groups place well after the analyst programs?

Mar 25, 2011

Top groups on the street don't always place well and PE recruiting has a very specific niche of places they look to. UBS Healthcare has a history of moving down one space work responsibilities. Ie. an analyst does bitch work, associate does analyst work, vp does associate work etc.

Therefore, a lot of the core technical skills arent developed and the analysts dont place tremendously well - that being said they do ok. Just they aren't in teh same league as say a UBS LA, GS TMT, MS M&A type scenario or for that matter a UBS M&A, JPM M&A perspecctive.

Placement is also relative, I am talking specifically about general PE and HF recruiting. Healtcare guys do well in the niche jobs (if you are interested in that). That all being said, M&A would be my top choice in NYC followed by FSLF & Restructuring. If I HAD to work at UBS I would work at UBS LA by far, it wouldn't be a decision i'd take more than 2 minutes to ponder (unless I absolutely hated LA)

Hope that helps.

Mar 25, 2011

UBS Healthcare is STILL hiring

Pretty sad eh?

Mar 25, 2011

On my sell day @ UBS NY, I had a sit-down with a couple Healthcare analysts -- yes, they took pride in their jobs...but they chiefly took pride in the fact they they pulled 3 1/2 consecutive all-nighters to prepare for their annual Healthcare conference...

...the idea that Westcoasting is talking about with regard to Healthcare...people within the bank refer to as "push-down..."

...of course, my top two are M&A and Sponsors...LA wasn't given to me as an option -- apparently they do their own recruiting.

Mar 25, 2011

is very strong if you desire to be there....it houses worldwide industrials/some consumer/some media / and m&A as well....about 50 bankers and few senior people within the firm.....

i know that in class of 2007 analysts (7-8, Michigan was highest represented, followed by NW)

for associates, 3 are from michigan and 1 from Chicago....great group of guys as my good buddy works there.

Mar 25, 2011

How are the exit opportunities from the Chicago offices (assuming it is a good office like CS or UBS)?

Are analysts able to get interviews at big name PE shops in NY and the West Coast or do they end up just working in smaller Chicago shops?

Essentially, how "prestigious" are the Chicago offices?

Mar 25, 2011
scottydoesntknow:

How are the exit opportunities from the Chicago offices (assuming it is a good office like CS or UBS)?

Are analysts able to get interviews at big name PE shops in NY and the West Coast or do they end up just working in smaller Chicago shops?

Essentially, how "prestigious" are the Chicago offices?

They aren't top PE shop feeders, but guys have placed into MDP, GTCR and have interviewed at TPG, KKR, Carlyle.

Banking in Chicago isn't that prestigious, but people who matter know that CS/UBS are top shops there.

Mar 25, 2011

Moelis is a top tier banker and has established UBS LA as a powerhouse...Harrah's, Univision were both done out of LA. However, by doing banking in LA you're essentially on an island. You'll get a NYC experience on the West Coast without all the banker groupies, blackcars, after hours night life, and a bunch of good looking actor types unable to understand what it is you actually do. Also, battling traffic after two all nighters is the most miserable feeling ever.

Mar 25, 2011

why do you say that it's not prestiguous. I can understand it not being as highly-looked upon as NYC, but how does it compare to west coast banking? I guess people can say that SF is better since most tech companies are based there, but what about LA?

Would you say it's better to go a JPM/Citi/DB in NYC vs. CS/UBS in Chicago?

Mar 25, 2011

When I was referring to "prestige," I was referring to overall "sexiness." If an analyst was given a choice, most would choose NYC >West Coast> Midwest banking. West coast banking, to a lot of people, is just sexier than Midwest banking for the same reason that Google is sexier than CAT.

I would def go Chicago over those firms you mentioned in NYC, but then again I chose Chicago over MS NY.

Mar 25, 2011
WizardofOz:

When I was referring to "prestige," I was referring to overall "sexiness." If an analyst was given a choice, most would choose NYC >West Coast> Midwest banking. West coast banking, to a lot of people, is just sexier than Midwest banking for the same reason that Google is sexier than CAT.

I would def go Chicago over those firms you mentioned in NYC, but then again I chose Chicago over MS NY.

wizardofoz - do you work for either CS or UBS?

Also, the UBS tech group is gaining momentum but you want to be in SF since thats where the HQ for tech is.

Mar 25, 2011

does anyone know how UBS's tech group stands in comparison to other BBs and in comparison to other groups within ubs?

Mar 25, 2011
tubs:

does anyone know how UBS's tech group stands in comparison to other BBs and in comparison to other groups within ubs?

Not that great, relative to BB and within UBS.

Mar 25, 2011

is growing and gaining in prestige,

Mar 25, 2011

at one of those two shops, but I'd prefer not to name which one.

Mar 25, 2011

UBS tech is decent, its probobly #4

--
Interview Guides
GMAT Tutors

WSO Resume Review

Current:
Senior Analyst - Hedge Fund
Past:
Associate - Tech Buyout
Analyst - Morgan St

Mar 25, 2011

if you're 2nd year, are you going to PE next year????>...i've heard that decent number of analysts stay for 3rd year in chicago?

Mar 25, 2011
scotttwibell:

if you're 2nd year, are you going to PE next year????>...i've heard that decent number of analysts stay for 3rd year in chicago?

I'll be sticking around for one more year. Roughly 2 analysts per class stick around for a third year.

Mar 25, 2011

healthcare

Mar 25, 2011

what do you mean 'better prep'?

Mar 25, 2011

Say I plan to go to B-school after banking... would one group be better than another? I heard HC is really good at UBS, how abt their Lev Fin/Sponsors and M&A?

Mar 25, 2011

i don't work in banking but i think bschools aren't that concerned with one ib group vs another...i know someone from UBS h-care who got into a top 5 bschool. likewise someone from their industrials...etc

Mar 25, 2011

just out of curiosity, how are the different groups in UBS viewed across the street?

Apart from HC, which one provides better learning opportunities or exposure to live deals?

Mar 25, 2011

are all pretty strong industry groups

Mar 25, 2011

I'm not sure how common it is for the senior bankers to write recommendations. The group itself won't matter (unless it is a universally recognized top group: e.g MS M&A) as much as how well you perform and how strong of a recommendation senior guys can write for you.

For example, the Associate Director of admissions at HBS did 2 years of banking- but it is highly unlikely the people reading your app will care what group you came from.

Mar 25, 2011

How about LFFS and M&A? how do these groups compares to those at other BBs?

Mar 25, 2011

are top groups

both top 5

HC and Industrials are good as well but their analysts get raped daily

Mar 25, 2011
gekko44:

are top groups

both top 5

HC and Industrials are good as well but their analysts get raped daily

Is this the world where everyone is above average? UBS M&A is a good group, and seems to be on the rise (not an unimportant fact). But I take issue with characterizing them as a "Top 5" M&A group.

Do me a favor: go to your Bloomberg, or SDC. Run the league tables for the past 10 years (pick any year). Cut it however you want: number of deals, US volume, global volume. That's your answer, and it's not UBS.

I'm not trying to tar them. Like I said, it's a very good group at a firm that has done very well and continues to build momentum. But as a banker I categorically dislike statements that run counter to basic reality.

Mar 25, 2011

Very helpful. Also, do you think it is easier to get into top PE funds from LFFS/M&A as opposed to one of the industry groups?

Mar 25, 2011

Generally easier to get into PE from product group than industry group.

Mar 25, 2011

are FS M&A HC

Mar 25, 2011

London has a really strong M&A Group with bankers from Warburg leftover, Chicago has a stellar industrials group that places into MDP well and other quality PE shops. Los Angeles is obviously by far the best group at UBS and has been discussed enough.

FS and M&A place the best by a wide margin in NY. Silverlake, Carlyle were all featured in the past few classes there. Healthcare is the worst culture in the world - I would never work there especially because it's exit opps are sub par at best.

Mar 25, 2011

some more questions:

What are the deal flow like for each group? Which group has more live deals? Which group treats analysts nicer?

Mar 25, 2011

bump

Mar 25, 2011

but top groups are M&A, FSLF, Healthcare, Consumer

Mar 25, 2011

best groups in terms of prestige: healthcare (killer hours however) and consumer.

global industrials is pretty good.

Mar 25, 2011

any idea why? still talking about UBS of course.
How is media?

Mar 25, 2011

gig is known for having a sweatshop, that's why

Mar 25, 2011

post blair's exit?

Mar 25, 2011

Media is good now - winning a lot of big mandates. Lots of the media team is on the west coast tho.

Mar 25, 2011

GIG is a a sweatshop because they are constantly understaffed.

If you really want to do GIG (i dont know why you would), UBS Chicago is the place to do it. they have better quality of life there.

Mar 25, 2011

How is the culture and people at these groups?

Mar 25, 2011
Mar 25, 2011

What about any other strong groups?

Mar 25, 2011

Sponsors in NY. Buddy of mine summered in FIG and my impression is that the group is decent. Sorry can't provide more guidance than that. I believe they ran the Univision auction would could have been from one of their offices out West.

Mar 25, 2011

The bank is going to hire a certain number of summer analysts and some of those will go back to their group and some will elect to go into the generalist pool. Your best bet is to pick a group that is in a sector you're actually interested in becausee otherwise you're probably making a bad decision and it will cost you on the intangibles this summer.

Mar 25, 2011

look into power. not sure about the prestige but it's def had the fewest layoffs (from a colleague of mine)

Mar 25, 2011

The best group in UBS IBD is called Moelis & Co.

Healthcare ain't too shabby either.

The world has changed. And we must change with it.

I'm making it up as I go along.

Mar 25, 2011

this post pops up once every quarter at least.... do a search before posting

Mar 25, 2011

UBS still has an IB???

Mar 25, 2011

M&A and HC are easily the best groups.

Mar 25, 2011

hopefully the new CEO likes IBD...

Mar 25, 2011

A genuine question - Why is their HC group so good if they missed out on the two biggest (so far) HC deals ( Roche - Genentech, and Pfizer-Wyeth)of the year?

Just my 2c.

Just my 2c.

Mar 25, 2011

do not recommend HC to innocent monkeys. its absolute hell for the young ones there. everybody hates it, and has no life at all before they die, quit, or get another job.

Mar 25, 2011

M&A
FSLFR
Healthcare
Consumer

Mar 25, 2011

FIG is also run by a huge hitter but i dunno how much that means to you.

Mar 25, 2011

Does "consumer" include retail or are they separate groups? If they are separate, how does retail rate?

Mar 25, 2011

UBS isn't much of a player when it comes to buyout financing / sponsors work.

Mar 25, 2011

-

Mar 25, 2011

I would look into their FIG (Nicolas Sarkozy's brother runs the group)...

  • justanotherbanker
  •  Mar 25, 2011

I remember reading about how UBS ran the hostile defence for Alcan during the Alcoa bid. UBS also pops up on a bunch of the global mining and materials highlights on Thomson.

http://www.reuters.com/article/companyNewsAndPR/id...
This talk of Sarkozy and FIG is legit. The recent NYT Dealbook "Facebook" of young superstars featured an extra-large picture of his head at the top left. He did ABN AMRO, MBNA, Sallie Mae, Wachovia/Southtrust, National Commerce/SunTrust.

Mar 25, 2011

How are their energy, media, and PE Funds group?

Anyone else want to chime in about the groups?

Mar 25, 2011

Janitorial?

But forreal, their LevFin group is good, and for trading FX.

Reality hits you hard, bro...

Mar 25, 2011

FX is up there with DB, LevFin sends a lot of analysts to megafunds. A friend of mine told me this as I do not work at UBS.

Reality hits you hard, bro...

Mar 23, 2011

LevFin/Sponsors (interchangeable), M&A, TMT, Restructuring

After that, maybe FIG and GIG (interchangeable)

Mar 25, 2011

LevFin/sponsors is the only one worth going to.

Mar 25, 2011

Not healthcare or energy.

"Well, you can do whatever you want to us, but we're not going to sit here and listen to you badmouth the United States of America."

Mar 25, 2011
Comment
Mar 25, 2011
Comment
Mar 25, 2011
Mar 25, 2011
Mar 25, 2011
Comment
Mar 25, 2011
Comment