How do I best take advantage of my UBS PWM internship?
Hello,
I will be starting my internship at UBS PWM in a fairly large city in the Pacific Northwest (Seattle/Portland/Vancouver B.C.).
This will be an 8 week long internship, and from what I gathered from my friend (who worked prior to this and referred me) is that I will be cold calling potential clients, keeping track of whether or not they attend our presentations, and managing the excel workbook of all the clients (making charts, tables, etc).
My question, for all you out there that have also used this as a stepping stone into the Investment Banking realm, is how do I take full advantage of it?
1. How can I leverage being at UBS into securing an IB or AM internship for this coming summer? I know UBS has an office in San Francisco. Any other IB offices they have? I plan on finding the employers in the IB offices through our company database and calling/emailing them. Will this work or will this piss my boss off? Any success stories of PWM->IB/AM internship?
Please let me know,
I have been a long time lurker and finally excited to be getting my foot in the door.
I worked in BB PWM before as an intern. The best way you can leverage it is to figure out not only what you have learned through the internship, but what you can talk about. What I mean is put on your resume the most important things your group did, even if you didn't necessarily contribute to it. Everyone knows BB PWM is a joke, but find ways to spin it to your advantage.
A lot of people do BB PWM as freshman or sophomores. It's a good time to learn about the markets in general and specific types of asset classes. I'm interviewing for a number of FT AM roles now and when I talk about my PWM, I've talked a lot about how much I learned about the markets and portfolio management. This gets you a lot further than trying to make it seem as if you learned something through cold calling strangers.
In terms of making connections at work by searching through the database, you're not gonna have any success. Your best chance would be to have your boss or a financial advisor put you in touch with someone they know in the IB/AM division, but if you're in a regional office with only PWM then it's slim to none. That's not to say PWM is useless. Make it sound good on your resume and it should help you down the road.
Thanks!
If you're cold calling you're not in pwm. Pwm and private banking are not the same as thundering herd financial services or wealth management. I agree that getting an Fa to introduce you is a good move but I'm not sure if non pwm will have that connection
Hi Yuriyv. I too am a hopeful of trying to earn an internship in AM, or PWM. I just sent in my resume. I'm dying Of anxiety for the dreaded interview. Do you mind telling me how your interview process went? And the questions they asked? Thank you so much.
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