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UBS has its tech group up in San Francisco. The article states that Moelis hired those two bankers for its LA office, not from UBS LA. I never interviewed with UBS LA, so I don't know if they have any tech bankers there, but I did interview with UBS SF where they had most (if not all) of their tech bankers.

Nonetheless, UBS LA still has a reputation for working the hell out of its analysts, and historically, they have placed them well into PE, B-School, etc. I can't speak for how their placement will be 1+ years from now, but they still have a pretty solid reputation.

 
BoomstickBanker:
UBS has its tech group up in San Francisco. The article states that Moelis hired those two bankers for its LA office, not from UBS LA. I never interviewed with UBS LA, so I don't know if they have any tech bankers there, but I did interview with UBS SF where they had most (if not all) of their tech bankers.

Nonetheless, UBS LA still has a reputation for working the hell out of its analysts, and historically, they have placed them well into PE, B-School, etc. I can't speak for how their placement will be 1+ years from now, but they still have a pretty solid reputation.

Webber and Joliet are both from UBS LA. Joliet was the head of the LA office and Webber was the global head of tech banking. UBS LA had approx 20 tech bankers recently.

 

Moelis is knocking it out of the park no matter how you look at it and no matter what office you look at. LA was never doing poorly, but with the old DLJ nucleus there (now hugely augmented with the arrival of Joliet and Webber in Tech) Moelis rightly focused on building out offices that are "must haves" namely New York and London. I've heard London has like 60 people and New York maybe over 200 now. They're definitely getting their share of top restructuring and M&A assignments, but i've also heard they've shown up as "advisors" on financings where they've gotten good fees as "co managers" on the the covers of good deals. Don't bet against Moelis and his old DLJ crew....they kicked as at DLJ and then put UBS on the map before UBS chickened out and realized it didn't want to play in the big leagues. ALL the top talent that was at UBS 5 years ago in New York, Hong Kong, London and LA is 100% gone.

 

Hype insinuates there is some sort of exaggeration, or that there is less validity than there actually is. The fact of the matter is that UBS LA is sought after because of 100% placement into bn+ shops from their analyst program, which is a function of working with some of the most experienced bankers in the world of high yield and leveraged buyouts, getting your ass kicked day in and day out, and simultaneously developing the best modeling skills to transfer into PE.

And just to be clear, the Drexel/DLJ guys weren't "raiders" they were junk bond underwriters...

 

I don't know ... we are talking 2 KKR + 1 bain / 7 analysts type of placement here. CS LA doesn't always place into non-LA based shops.

Modelling from scratch is another big bonus, 8 global heads, Moelis in the office.

More than that - I've heard people at UBS say the LA office accounts for up to 35% of UBS Ibanking related revenues- a lot for 75 people.

on top of that deal flow - NBC, Univision, Adelphia, Albertsons, Hilton all in the last year (outside of Adelphia).

One of the best Sponsors focused group on the street hands down.

  • I don't even work there - I'm at Lehman and I even know its hyped.
 

go to the search menu and type in UBS LA. The first thing that comes up is a pretty developed thread already.

Basics: - Several global heads there incl. President of UBS IBD Ken Moelis, Head of M&A, Media etc. - All from Drexel (prominent high yield house in the 80s) - Strong Modelling Exp and big deals (Adelphia, Univision, Harrah's) - PE Placement (2 KKR, Bain Cap, MDP, Ares, Apollo last year)

Hours tend to be rough however. Top group at UBS in terms of deal flow /prestige and often intensity.

 

WSO...I agree. UBS LA was a good office, but honestly I think they have like 5 or 6 analysts in the ENTIRE office (this should tell you something)

I imagine the op is asking because he read a post on M&I about it. Those were the old days when Moelis was there. NO ONE knows if they are going to keep the office or not, and if they did, you bet they would just be speculating.

 
ledger123:
bunch of analysts got laid off at the ubs office. i'm sure if you're lucky enough to survive, there are def. some solid exit opps. but as many ppl have said on this board, ubs la is a shell of its former self.

cs la is also a sweatshop. i know analysts that hate life right now.

Yeah, I am really just asking about how the Analysts have been faring, and how they have been doing lately in moving onto Private Equity...

I understand UBS is bruised and battered, and the LA office is hurting, but since Analysts only spend 2 years with UBS LA anyway, from an Analyst's perspective, it's all about career development/progression...not trying to be a career UBS banker...

 

that office still has top talent - there are something like 5 or 6 group heads in there office - tech, gaming, software, homebuilding, broadcasting, m&a, etc. i think it is still the largest bank in la too.

 

good firm, good office. still got it although lots of ppl jumped ship. all in all ubs is still a great place to work no matter what trollers say in this forum. come back with more than 1 offer and we'll help you decide.

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

Read Monkey Business. A number of the characters in Monkey Business work(ed) in the UBS LA office. UBS LA picked up its culture straight from DLJ. Apparently, UBS LA runs a generalist program (similar to Goldman) and every analyst is expected to quickly learn how to handle and model every bank product and then juggle in depth work from every product. That, combined with the fact that the office has historically had massive deal flow, should probably answer your question about sweat shop work loads. As for personality culture, I've heard that people like to live large (frequent bottle service at A-list clubs etc)

 

Just imagine toning that WAY down to the level where no one is going to get sued. The point is, DLJ was known for being a bit "wild west", with fewer pretensions than the more white shoe firms.

 

Thanks for your insight. Is this "wild west" culture one of the reasons the analysts come out on top? I've heard they are placed quite well and gain a lot of responsibility early on.

 

I received an invitation to LA office's winter reception for SA today. It took very long (2+ weeks after the deadline - during this period all the layoffs took place I guess) but I'd assume they won't shut down the entire office? I will probably find out more about the generalist program on 22nd, whether they will still have it or not.

 

Haha thanks for reading my other post. I'm anticipating being told what I've been told before -- IBD is the place to start.

He's a Private Wealth Advisor. I was hoping he'd give me HR direct contacts for the UBS IBD LA office -- I go to school in NYC so all the recruiting here seems to be for NYC positions/internships.

This is of course if IBD is where I should be, which hopefully will be answered in other threads :)

This whole finance thing is so crazy. Very glad I have you smart people, and this forum as a support system!

 

UBS LA IB is still around and doing well. Smaller office than in the past, but still one of the largest in LA. Maybe 30-something bankers? It's a generalist program again at the analyst and associate levels.

 
ChairmanMao:
I met a director from their IBD team couple months ago at a top club in Hollywood....seems like these guys are living the "bottles and models" life

Which club

 

I'm ending my sophomore year.

Thanks for all of your responses. Gonna hit this guy up and see if there's something he can do. I'd rather get in touch with HR for their LA office than nothing at all

 

there are like ~8 more americas heads, president of the bank. All DLJ guys (from Drexel).

You can contact the LA office directly if you want to interview - analyst class is roughly 9 per year.

 

not as hard if you have a finance / biz / accounting background. Generally hire at ugrad b-schools.

UVA, Michigan, Wharton, Berkeley kids will have an easy time getting an interview with the pre-requisite qualifications.

Other than that they would be looking at tier 1 ivies.

Target schools are pretty limited but doesnt hurt if you are at one of these programs to try to network your way in especially if you have a summer at a good investment bank.

 

Don't forget that the Richard Ivey School of Business at the University of Western Ontario is a target school (yes, Canadians).

 

I am a rising junior at harvard, interned at Lehman - want to jump to UBS LA.

If anyone has a contact number that'd be really helpful.

thanks

 

Would one of hte UBS recruiters, say Diane Brouillard, Warunee Maikoksoong etc handle the office or do they do their own recruiting?

Also, how many analysts and how hard is it to get into the office?

 

They have never taken anyone before and only started this year and didn't like any of the candidates.

They most likely are not going to go back next year.

 

The guy that said we wont go to USC again is half right.

we interviewed for the summer and didn't like anyone - sf took two. We're going back for full time- but have a strong returning class so we'll see. USC is a good school but Michigan / Ivey / Wharton end up taking most of the spots. Obviously USC is given a fair chance.

Saying we won't go back again is kind of a bold and somewhat incorrect statement. If we get good candidates we'll go back.

  • am currently an associate / analyst at UBS LA
 

Background depends on what group needs people.

Generally at the 3rd year analyst position and up or associate is where laterals enter.

 

Media is big in terms of deal size - univision, adelphia, all done out of the office

Financial Sponsors, M&A, Technology are the groups and all are quite strong and robust in terms of deal flow.

Recruiting wise - really depends on # of summers coming back.

 

the work is more interesting because they have BAs that do the research work, pib making, simple edits etc. so the work becomes more interesting.

Hours vary. They can be gruelling at some points but everyone is very laid back. Jeans and polo shirts are normal to see in the office.

Don't dismiss this group just because of what you hear - there are great opportunities coming out - go out and meet people and talk to them during events.

The culture has improved, majority of summmers now come back.

 

Does having BA's essentially eliminate a lot of the administrative work analysts have to do?

Can you pass of profile making, etc or do you still do that?

 

there is still some administrative work.

generally a BA can pull a lot of the profile infromation and you can just do the final formats (ie cut and paste into a template)

Severly reduces admin work. BA s get busy too just like pres gets busy - so sometimes you have to take a hit.

 

Good tech group - starting to gain a lot more traction. Lots of sponsors coverage out of some of the sub-groups in tech as well.

Associate wise not sure - not as prestigious as the LA office but a good experience.

Culture is good - more relaxed than LA for west coast.

 

v good PE placement out of UBS la, esp for top tier analysts going to firms with west-coast offices (KKR, LGP, ARES, AURORA, TPG, ETC.). tho, any PE job u land coming out of ubs la is more than earned after two years there. a gruelling shop, and no one will tell you differently. probably worth it tho.

 

lots of guys out of that office go to NY or Boston like Bain Capital, MDP, Warburg Pincus, DB Zweirn, Wasserstein to name a few.

Had a guy go to hong kong out of there a couple years back too.

Great shop - basically runs UBS.

 

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

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

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

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