Why UBS for Investment Banking? / Overview of UBS
Based in Zürich, UBS Investment Bank is a top bulge bracket firm and boasts a rich history in Swiss finance. Its parent, Union Bank of Switzerland, has several divisions and operates as a full-service investment bank worldwide.
In January 2022, UBS acquired U.S.-based automated wealth management provider Wealthfront for US$1.4B. The deal is intended to broaden UBS' reach in the U.S. and improve Wealthfront's distribution capabilities. UBS joins other international banks attempting to grow their presence in the U.S.
Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with UBS Investment Bank, you should make sure you know:
1 deal that the investment banking group has done
1 person at the firm (ideally someone who would have influence over your recruiting process)
1 business model-specific detail to mention
We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.
UBS services all industries, with an example being its advisory role to private equity firm Clayton, Dubilier & Rice for its purchase of a majority stake in the Hospice and Personal Care practice of health insurance firm Humana.
Transaction Description: Clayton, Dubilier & Rice, LLC entered into a definitive agreement to acquire a 60% stake in the Hospice and Personal Care Divisions of Kindred At Home, a subsidiary of Humana Inc. (NYSE:HUM).
Transaction Value: US$3.4B post-closing enterprise value
Transaction Date: Announced April 2022
Company Name: UBS Investment Bank (part of UBS)
Description: UBS Investment Bank provides advisory services, research, and access to global capital markets to corporate and institutional clients
Bank Category: Bulge Bracket
Ticker: NYSE:UBS and SWX:UBSG
Founded: 1998 (for UBS)
Employees: ~5,000 (for UBS Investment Banking)
Chief Executive Officer: Robert Karofsky
Headquarters: Zurich, Switzerland
Based on the H1B Database, the average base salary for an Investment Banking Analyst at UBS is $68k - $92k. We note that this salary information may be dated and not reflective of their current pay.