Discussion in 'General' started by ice-9, Feb 15, 2001.

  1. ice-9

    ice-9 Well-Known Member

    Woo-hoo! I just got an offer from UBS Warburg for the summer!!!!

  2. Hayai_JiJi

    Hayai_JiJi Well-Known Member

    What is that. Well you seem quite pleased so congratulations.

    Under the surface of the most jaded cynic lies a dissappointed idealist- George Carlin
  3. ice-9

    ice-9 Well-Known Member

    Hmmm. Do you know what Goldman Sachs is?

  4. Shadowdean

    Shadowdean Well-Known Member you can fly us all to Japan :p :=)

    "Victory can be anticipated, but not assured" Sun-Tzu
  5. Jason Cha

    Jason Cha Well-Known Member

    Congrats Jeff!

    I presume the offer is for the NYC office? What other IB's are you waiting to hear back from?

  6. ice-9

    ice-9 Well-Known Member

    Hey Jason, the offer I have on hand is actually for equity trading (and hopefully a rotation into capital debt markets). The headquarters of S&L for UBS Warburg is in Stamford, Connecticut, 40 minutes away from NYC by train.

    I'm still waiting to hear from Morgan Stanley and JP Morgan NYC, but I haven't heard for a few days now so I assumed I got dinged. I still have final rounds coming up for Salomon Smith Barney, JP Morgan and Merrill Lynch Asia.

    I'm leaning towards the UBS Warburg offer though (the people there are really cool) but if MS pulls through that might sway me away. =) My interview with ML is this weekend, so if the people I interview with seem like people I'd like to work with I would probably have to really think about it as well. Then again, I have a really cool friend in JPM and it would be soooo awesome if I can work under him...ehh, anyway, as you can see I'm still quite undecided.

    Unfortunately Shadowdean, interns get paid jack. =(

    ice-9<P ID="edit"><FONT SIZE=-1>Edited by ice-9 on 2/15/01 11:52 PM.</FONT></P>
  7. Mr. Bungle

    Mr. Bungle Well-Known Member

    willing to bet it's a lot more "jack" than i get
  8. Hayai_JiJi

    Hayai_JiJi Well-Known Member

    Yeah, I know what Goldman Sachs is although I might have spelled it wrong.

    Under the surface of the most jaded cynic lies a dissappointed idealist- George Carlin
  9. uk_kid

    uk_kid Well-Known Member

    come on, ice.
    even i've seen the JP Morgan ads here in the UK, and they don't seem the sort of company that pays out jack to its employees! :p
  10. ice-9

    ice-9 Well-Known Member

    Lonelyfighter, that's exactly the problem. UBS Warburg needs to build a better brand name here in the U.S. Then again, it IS a pretty new bank. But I bet you heard of PaineWebber right? UBSW bought the company back in June 2000.

    uk_kid, is the UBS Warburg name prevalent in the Europe? UBSW is actually usually considered the strongest bank in Europe by most bankers.

  11. Hayai_JiJi

    Hayai_JiJi Well-Known Member

    So are you going to be like Charlie Sheen in Wallstreet. Greed Is Good :)

    Under the surface of the most jaded cynic lies a dissappointed idealist- George Carlin
  12. uk_kid

    uk_kid Well-Known Member

    i don't know much about the state of world banks i'm afraid. never heard of UBSW. i've never heard of 'the europe' either.
  13. ice-9

    ice-9 Well-Known Member


  14. Jason Cha

    Jason Cha Well-Known Member

    I don't know that much about investment banking, but one odd thing I've noticed is that of one wants to be an associate with a major IB, it seems better to go to law school than going the MBA track.


    Because, and correct me if I'm wrong, it seems the traditional path is to graduate from college, get 2 years or so as an analyst, go get that Harvard MBA (3 years), and then join GS, ML, MSDW, SSB, etc., as an associate. To me that looks like a 5 year path.

    Strangly, all the major IB's seem to be recruiting at law schools (at least they recruit at Harvard Law School, and I realize that isn't the most representative law school.) Not only that, it seems all the asian males in my class, other than myself, are going into ibanking. Anyway, along that path, you graduate from college, go straight to law school, then get a job as an associate straight out of school. 3 years

    Not only that, you can take quite a few finance classes cross-registering from the law school into the business school. I can only speak out of my experience in Cambridge, but while Harvard Business School doesn't let anyone other than HBS students take the basic finance class, Sloan does. If you were a finance major in college, you can skip the basic finance class and easily register into the more advanced classes (capital markets, corporate finance, etc.) at HBS or Sloan.

    I don't know. It seems odd to suggest one is better off getting a JD instead of an MBA if you want to join a major investment bank as an associate. I'm sure there are other points that would suggest otherwise. But I guess since so many of my colleagues have done so, it just seems a bit quicker to the big bucks, completely skipping the analyst stage.

    I dunno. Robert Rubin went to law school, practiced law at Sullivan & Cromwell, then went to Goldman, where he did quite well. But then again, he did do some time at London School of Economics (Masters of Finance degree? Just 10-11 months) and S&C has a very special relationship with GS.

  15. ice-9

    ice-9 Well-Known Member

    Well a lot of what you wrote makes sense, but my purpose is not to climb the career ladder as quickly as I can per se. I would much rather do a few years of investment banking as an analyst than a few years in law school. Also, doesn't an MBA take less than 2 years to complete?

    Law plays a critical role in banking in the sense that the regulatory framework of the environment is an important facet of structuring transactions; however, I see myself in Asia long term and so although there are parallels getting a degree in a U.S. law school would not be as directly relevant.

  16. Llanfair

    Llanfair Well-Known Member

    <blockquote><font size=1>In reply to:</font><hr>

    Also, doesn't an MBA take less than 2 years to complete?


    Not here in Canada at least. 2 years.

    <font color=white> Llanfair the prized <font color=green>cabbage</font color=green></font color=white>

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