Why has no one mentioned the fact that CS juniors across plenty of geographies have received UBS offers?
you are all actually clueless -- how disappointing
waste of my time
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Is this true? What about in New York
bump--I haven't heard of anyone in NYC having heard anything.. everyone is waiting for more details
I really do not believe this is true
,
I did no one knows anything my man
,
I asked around and literally heard nothing about this
I work at CS London and haven't heard anything like this. I know some teams (including my own) has some view on how UBS are thinking about both teams, i.e. if they want any juniors, but no specific names / numbers.
Do you think UBS is going to indicate which groups they want in the Q1 earnings report?
I think so--everyone is waiting for q1 results to get more info
I would easily pay $79.99 to watch a ppv live draft of CS juniors by UBS MDs. And like have CNBC anchors or retired bankers give a full analysis of work examples, discuss if experience in LevFin is transferable to industry coverage, speculate where the undrafted analysts will end up, etc. WSO can live stream.
1. I agree wholeheartedly
2. I would also pay $1,079.99 to watch CS and UBS first year analysts resolve matters in a no disqualification royal rumble
3. I'm almost certain OP is making up shit to sow chaos among a bunch of kids that are already on edge. I find it inconceivable that UBS is already in position to make offers to specific CS juniors. I can't think of a lower priority on the integration list.
Btw, is Levfin transferrable to coverage in London? Just curious as I know little
Would love to see a bunch of borderline useless MBA associates like yourself duke it out over who gets to give the most unreasonable, littlest value-add formatting comments on marketing books
How do you know he's MBA?
What comments could they give you when the rest of the work is great? They are doing their best to add value. If you disagree with the formatting comments then explain why.
What comments could they give you when the rest of the work is great? They are doing their best to add value. If you disagree with the formatting comments then explain why.
Would love to see this too. Imagine seniors comparing MBA associate stats:
Emily Thomson, C&R
Vs.
Jake Silverman, TMT
This is inaccurate
Juniors referring to current analysts? Or incoming FT and interns?
it is for sure referring to current analysts--incomings are the least of the problem right now. they can have them adjust to any role within the new firm, and they're the least expensive when it comes to layoffs and expenses.
dude stop posting this nonsense. Not true. Wtf is “indirectly confirmed”
Maybe it’s because I have no horse in this race, but this thread is obviously a troll.
Doubt UBS move that fast. For IB heard they sent clean teams to look into CS in US and EMEA a few weeks ago at best and APAC only last week.
Wdym by clean teams?
If you work for CS IB and don’t know what a clean team is - you should work on your resume
the employees that shower regularly. ubs is sending its most presentable employees to handle diligence onsite at CS.
Lol, but seriously, what is a clean team?
I know but i wont tell you
UBS and credit suisse are competitors. The deal hasn’t closed yet. UBS needs to diligence sensitive info on pricing, customers, etc. Credit Suisse is afraid that UBS could use this to wreck them if the deal falls through.
Also antitrust regulators don’t want the two biggest Swiss banks using this data to fix prices
One solution is to pick people that aren’t involved in sales and marketing and make them the “clean team”. They’re the only ones that can see the most sensitive info. this is common in strategic deals
It's true guys, there is an elite undercurrent of CS Analysts getting paid millions to do coke and grab at strippers with the UBS MDs. Only the chillest of the chill have received offers. If you haven't heard anything yet it's because you're an exile on mainstreet, your coworkers are colluding against you and I suggest holding your coworkers at knife point until you figure out whether or not they're one of the backstabbing elite that has been conspiring against you.
"Hope this helps" lmfao. NGL, dropping that bar after your absolute troll of a post was funny af.
I'm sorry you're in S&T. Try harder
https://www.bloomberg.com/news/articles/2023-04-28/credit-suisse-paying…
My group (nyc office) interviewed a CS associate and extended an offer. The associate turned it down and is supposedly in talks with senior bankers at UBS to stay. I don’t blame him at all. Calling my group sweaty is an understatement.
he wants to stay at CS instead of going to UBS?
No. My bank (not UBS) and CS were co-advisors on two deals and worked with the same associate on both (guy has top-notch skills and will probably end up being a career banker) and we tried to poach him given CS / UBS debacle. He turned it down and wants to see the merger through and has been in communication with senior bankers (not sure if CS or UBS bankers). I'm assuming they are gonna pay the guy and try to keep him.
He feels better about the CS prospects still
Curious about what coverage group the associate is in. Or is it just the m&a team?
https://www.efinancialcareers.com/news/2023/05/credit-suisse-ubs-offers
Apparently this thread wasn’t a troll
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