Their strong wealth management division crosses over to IB deal generation. Alright, so every other recent topic about this has been laughed at or made fun of. But I have an interview with ubs equities sales and trading and would like someone to legitimately answer it.
I unfortunately have not spoken with any other alumni's so I can't go with the culture BS. In Stamford? Trading floor there is awesome. Largest in the world. It is a great job, although you'd be living in Stamford. Emphasize your personal investment experience and interest. In second rounds we had a written test.
Don't worry too much about it. Just remember how to read a graph. I worked at UBS two summers ago. Also give you some insight on each traders investment thesis. The rotation includes prop and sales desks. Honestly, everyone in the interview is smart. Just literally tell them that you are passionate about the job.
Tell them the first thing you do when you wake up is read the journal. Tell them a story about an interconnected investment thesis. They love to talk about an event, such as high projected demand for a consumer electronic product, and find the best play to capitalize on this knowledge; example: buy equity farther up the supply chain.
Good luck and PM me after. My good friend stayed on full time and will be on the floor with you. Let me know how the interview goes. Their presentations are all about how great stamford is too. The interview went okay, but luckily enough I still made it to final rounds.
They didn't end up asking me why UBS, I had something prepared though. I got thrown off by the brainteaser questions. I'm originally from CT. The Stamford aspect of the job definitely makes me reconsider.
Do a lot of the interns just end up living in NYC? Why is UBS cutting back? How do you tailor this into an answer for an interview? Someone else may have a better UBS-specific answer. For whatever reason BBs seem to care a lot about this question compared to smaller firms, and having gone through SA interviews I found the "weaker" BBs particularly wanted to know why I was interested in them.
I think your best bet is to focus on the discussions you have had with analysts at UBS and your perception of them as opposed to trying to come up with an answer related to the firm as a whole.
If you can be specific and highlight that you've spent time investigating UBS, then that will sound much better than a generic answer. The comment that hedgehog68 made about syndication is essentially the same as my later point about distribution. If they test you by asking who else has similar abilities, mention that Credit Suisse is in famous for underwriting and then stuffing shitty product down into its private wealth client network, BUT you think UBS is more chuckle chuckle ethical and responsible than CS cough Swiss bankers cough cough.
I really don't think UBS will press you on this question. Their bankers feel embarrassed to ask it given the current state of affairs. Just be prepared with the generic "Why a BB" platform, global footprint, etc.
That's more than enough. It's still the worst BB to work for by a large margin so anyone asking you this question will be expecting a bullshit response. This demonstrates you understand a lot more about how IB business origination works than the average candidate.
Key client areas this applies to - PE funds. If you're an advisory shop without the ability to do these sort of low-margin relationship loans ie syndicate the first and second lien and hold the loss-leading revolver component , your ability to win advisory mandates is a lot tougher.
Everyone in IB knows this, which is part of the reason why there is a mini-boom happening at the moment in the world of LBO lending. During the Great Recession, banks -- both foreign and domestic -- were a large part of the problem. Overleveraged trading divisions were hit hard as mortgage-backed securities, one of the largest markets for bond notes and derivatives trading, were decimated. The fundamentals of the current recession are very different. No longer so overextended, banks had been on a relatively conservative growth trajectory, bolstered by strong balance sheets and a booming economy.
While many are bracing for extensive loan losses, they appear to be better capitalized in this crisis. And some -- those that rely less on lending and more on wealth management and investment banking -- are doing even better. Given its market positioning and revenue drivers, UBS is one of the institutions getting a boost during this crisis. With the global recovery still very much up in the air, that continued uncertainty may mean those elevated client activity levels are here to stay.
So, while banks like JPMorgan Chase have failed to regain traction after the coronavirus plunge, UBS became the little engine that could. With investor sentiment this high, UBS can feel safe delivering value in the face of global turmoil. It looks like investors can also feel safe about UBS's dividend. In early April, FINMA, the Swiss Financial Market Supervisory Authority, asked banks under its jurisdiction to reconsider their dividend policies in order to shore up their balance sheets in the face of pandemic-induced uncertainty.
Why UBS? Get to know our leaders and hear why they are proud to be part of UBS and our industry. UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders.
In Australasia, UBS has operated in the financial markets for over 75 years, having grown from a private stock- broking business to a leading financial services firm with offices in Sydney, Melbourne, Brisbane, Perth and Auckland. The firm employs circa 1, staff in Australia and New Zealand. At UBS you can expect to be challenged long after university. As a global business, we offer abundant opportunities for talent development — and to be recognised and rewarded for it.
UBS differentiates itself from other financial firms in the way we conduct business. We believe that we are only as successful as our relationships — both externally with our clients and internally with each other. This approach makes us a personable choice for clients and employees worldwide.
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