Ex-UBS Investment Banker Reacts to UBS' "Day In the Life of an Investment Banker" Promotional Video
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- เผยแพร่เมื่อ 10 ก.ย. 2024
- I found this UBS Careers "Day in the Life of an Investment Banker" quite hilarious having worked in the investment banking division at UBS myself. You'd almost think it was done as a parody, but it was an actual promotional video! Let me know what your thoughts are on it, and hope you enjoyed my reaction. Comment down below with any other videos you'd like me to react to.
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This portrays investment banking as accurately as Suits portrays corporate law 😂
😂😂
Well at least in the early seasons in Suits there were a few episodes where mike had to stay up all night working and slept in the office.
Ah we meet again. You are more frequent than Gary from Red/Blue lol
Absolutely!
Some says the yoga mat was just for sleeping at the office
Likely scenario
That Chinese wall mistake is egregious. Some agency with zero experience in IB made this, and HR approved it without getting feedback from anyone in IB.
Thought it was pretty insane too
I hope someone from the SEC saw this and made a fuss about it :D That would have been hilarious.
@@naisi Got taken down shortly after so probably for a reason 😅
Hey Angela, thanks for making the video. I worked at UBS at HongKong and Singapore officer for 8 years and resigned last year to regain my life. Loved your video and how true.. yoga during a investment bankers day schedule is a big joke.
Congrats on your resignation!
Do you know Andy in hongkong UBS office bro
And milk advertisments show cows chewing fresh grass happily on beautiful mountain fields.
True that
Lol 🤣😂
The real video title: "Day in the life of an investment banking staffer"
It's honestly an even chiller lifestyle than an MD would have
That’s right, they are not even “bankers”, just “staff working in a bank”
And it’s not over yet - the most accurate part of this video 😂🤣🤣🤣
Honestly!
Look. The morale of this promo video was very simple: while some folks gets to do virtual drinks on yoga mats, others work till midnight.
Unfortunately the latter for ib analysts
My sister used to work in investment banking (incl. a few years at UBS), she worked probably at least 2-3 times more than I did. I worked in a multinational company. Apart from the long working hours each day, including weekends, she had virtually no holiday.
That sounds terrible, hope she has a better WLB now!
@@angelasunx3 She'd worked in the investment banking sector for 15 years. "Retired" 4-5 years ago.
@@angelasunx3 the fact there’s an acronym for “work life balance” tells you how bad it is in today’s world, in almost every industry 😂😂
@@angelasunx3also nice vid thanks :-)
Thank god I got rejected from all those investment banking applications 😂
For the best
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People are scared of investing because of the high rate of scam in the business
I'm from UBS and I really enjoyed this video! I can't comment more than that!
Awesome! :) Glad you enjoyed it
I work as a video producer in that space, and I have to say that even if the information was accurate, it still wouldn't have been an effective video in my mind. I much prefer interviewing the actual people and having their actual excitement and passion come out. I feel that it's much more effective than some script with an actor. I've made a lot of videos with just people filming themselves at home on their iPhones talking about what they love about their jobs.
That does sound like a more effective way, thanks for your insight!
I was wondering if she would catch the MacBook! Nailed it hahaha!
Haha couldn't miss it
For a moment I thought she's a vp/manager of a fashion brand.
Might as well be
Yeah I’m sure there is ZERO communication between IB and the trading floor! 😂😂😂
Definitely can't be strolling around it!
Hey. I am an Analyst working with IB Bankers here. Yeah I absolutely agree that handful work past 9pm. Some could even email you documents and instructions when midnight strikes just so you handle the requests first thing in the morning we come online. It's definitely not a breeze...
Agree
I am from UBS and the work life balance here is out of the world. I am literally chilling here. Coming from Big4 background it's such a privilege to have :D
That's amazing! Which group?
Hi Atul. I need some help can you plzzz
@@angelasunx3 hi
Reminds me of the way army recruiters and ads would frame serving in the military when I did JROTC in HS vs. what some friends who actually enlisted told me happened.
The disparity is real
I'd rather mow the lawn for a living than work in investment banking. Btw this comment is not against you in any ways. I just find freedom, fresh air, and no bosses around give me more inner peace than the corporate world. Good luck and health with all your future projects :)
Thanks so much! :)
I was on a UBS spring programme and IB seemed really appealing. Thinking of Asset or Wealth Management now. What do you think if I wanted to find a good work life balance?
I think both are good options! Asset management's a great career and UBS is known for wealth management
"nobody leaves the office at 730pm except fridays and Christmas eve"
"except Christmas eve"
LMAO.
True tho
Good advice. Realities vs commercials.
Exactly
The lady in the video works in UBS securities which works on market hours. So 7 am to 7 pm is the norm. She is not an investment banker (M&A traditionally).
She shouldn't be working on a mish mash of bakeoff decks + strolling around the S&T floor
@@angelasunx3 what is meant by "bake off", exactly? I doubt it has anything to do with actual baking
@@williamho2940 bake off is when multiple firms compete for the same deal
@@venger7357 is it the 10-minute sales pitch slot with a potential client
Next Video: REAL former UBS reacts to youtuber reacting to another youtuber pretending to be a banker
Hahaha
Thanks for sharing. That was truly insightful
Thanks Olivier!
Oooo Angela coming through with the reaction! We love to see it!
Thanks Ayesha! ❤️ Love doing these reaction vids tbh haha
@@angelasunx3 Omg just realised, you've put the bank you used to work now! I was convinced you worked at JPM for some reason haha!
I knew it was off the minute I saw 'trading floor'
Exactly
Why are UBS CD's sold through Charles Schwab are not getting there Interest Payments when they are due?
No idea
hello angela i need your help with UBS INVESTMENT BUT THEY ARE NOT PICKING UP MY CALLS NEITHER CAN I ENTER THE BUILDING WITHOUT CLEARANCE
They want investment banking to appear exciting and diverse activities
exactly
False advertising right there! Luring people into the exciting world of investment banking. Needless to say I know plenty of people who suffer from anxiety from this job... love your videos!!!
Thanks so much! Yep definitely false advertising
Hey Angela! Entertaining and informative video as always :) Quick question: what laptop would you recommend for a finance student looking to get into IB?
If you're planning to use it for work as well, Lenovo Thinkpad's a good option
Hi Angela, I really appreciate your contents. Could you please give us a tour of your at home work set up? I'm an upcoming analyst and I'm a bit lost on what to get. Thank you.
Including it in an upcoming video!
I was about to ask the exact same question! I am also an upcoming analyst and was wondering about your home setup. Thanks!
Thanks for the content sir🙏
Thanks for watching!
@4:37 that's the look when rolling your eyes doesn't even cut it
Haha
I'm nowhere near being in the finance industry and this UBS is so cringy, I question whether UBS is trying extremely hard to hire more interns/junior analyst
Confused how this video was signed off on
@@angelasunx3 my guess is that the PR manager phoned it in during a peloton class
I've done work for UBS. Most toxic work environment I've ever experienced.
Argh ):
I wonder IBs always smile after 16 hours of work
Nope
Are you allowed to sleep in the office? (like overnight, instead of going home)
Yes, people have done that (more so because they had to work all night and took a nap)
The complete disregard for the Chinese Wall just has me in tears, even aside the "bUlL oR bEaR" 😭😭
*yeah just gonna break several regulations and company policies at 2pm, completely ignoring that model I should be doing* ???????
This video had me so CONFUSED
Hello Can i ask few question plzzz. Just help. I am really in need of help
Ask away
It's all Gucci until the SEC enters the room and goes violation, you all lose your securities licenses
True that
Maybe the yoga mat was for self defence
Haha that or to sleep on
Came as soon as I got the notification.
Love to hear it
No idea why TH-cam recommended this video for me since im from compliance and did research on other topics but what the hell was UBS thinking? I know enough IB to know thats complete BS ;) Nice video anyway had to watch it till the end to get more laughs out of it!
Haha thanks so much!
3:44 Love that !!! "No such thing exists" !!! LMAO !!!!!
Hahaha true though!
It actually exists, but I‘ve never used it myself
I guess this is just unrealistic marketing,.. here in Zurich people just laugh about UBS / CS. Mostly expats work at UBS / CS and waste their lifetime there. Most young graduate students here prefer other jobs nowadays, and then sit outside in the green at 5.30/6 pm instead of being in the office... Its even a running joke when you drive through the city and you see all those bankers in their buildings made out of glass like 7-8 pm. My office building is more or less surounded by UBS offices & I feel sorry for those working there at 8pm (during non corona times) when I already go home from gym. However the video is a complete joke in terms of working hours. At least in non-COVID times most banking buildings (doesnt matter CS or UBS) are completly lid up at 7pm with many people at their desk.
Yes was always a full office at 7pm!
Saw talks about it on Twitter and immediately wanted to know your opinion lol
Haha haven't seen the twitter chats! Have seen a ton on instagram though
I really enjoy your videos! Great insights into the IB industry while being entertaining at the same time
I'm glad, thanks Karen!
Hi Angela, this content is superb! Would you recommend some notebooks for finance professional? I am not sure which one would suit the best in terms of financial Modeling. Thank you!!!
Hands on practice is best! Financial Edge has a course with financial modeling if helpful :) There's a link in my description box along with a code for 25% off if you want to check it out!
Hi Angela, great video you mentioned in your comments below about excel short cuts, is there a video you can do or a link you could link here of all the good excel short cuts ?
I'll plan to do one in the future so please keep on the look out for it!
I think one thing is unclear here. This girl in the video works not in M&A, but for Global Markets IB e.g. a trading or sales role. Which is definitely not as intense as an M&A role in the IB. But I agree, the video exaggerated in terms of trying to give the impression it’s an easy job by showing things like yoga sessions and other similar stuff...
Isn't there sales & trading division (S&T) for investment bankers? I heard some work on M&A and deals but then some strictly profit off omissions from giving clients buy and sell orders.
Yep latter is S&T which is a division within the investment bank, and former (M&A deals) are investment bankers who work in the investment banking division
Hey Angela. I am going to attend college next year and wanted to know your thoughts on UNC, UVA, UMich(non-Ross), and WashU. Which would you recommend for an IB job in NYC? I just want to know from your experience, which has the most presence and which has the least? Great video BTW!
UMich has a good presence if Ross - otherwise UNC / UVA both have similar presences from what I've seen
@@angelasunx3 Thanks for replying. So does WashU(Olin) have any presence in new york?
How good was your financial modelling skills prior to you getting into Investment Banking? How would you recommend to prioritize your time given that learning financial modelling can be very time consuming.
Would it be better to focus on theory and interview questions, etc?
It's a better idea to focus on interview questions since they usually don't test financial modeling skills prior to joining, especially for analyst roles
@@angelasunx3 Thanks for your insight! Super generous of you to share all this knowledge :)
I’m going to be working at JP this summer and you mentioned no one uses Mac for excel and why is that ?
Generally the keyboard shortcuts don't work on Mac / they work differently. Using the keyboard saves A LOT of time instead of the mouse, and most training is done in a non-Mac context so you'd be spending a lot more time learning how to use the keyboard and as a result may use the mouse a lot more.
Congrats on getting into JP!
Congrats Adja! And Rhys beat me to it - would agree on all those points
@@rhyssharp9673 oh I see I have a Mac now and I noticed excel would give me wrong computations sometimes and I would have to do the work by hand . I may consider switching to a HP for work
been waiting for this video
Thanks for being patient!
Clearly marketing doesnt know what their own company structure looks like either lol
Pretty much
Love the video! You are too bright and have too good a heart for IB...You know the book Liar's Poker? ;) Btw, I could do the same about PB after having worked there for over a decade. That would be hilarious, too
I have not read Liar's Poker, and thank you Terence!
The idealised gender balance in the video is accurate. IBs have been running quota based hiring policies for years.
Got to hit the diversity quotas
Good for you girl. You left the dark side!
🫶
0:52 looks more like a crazy joker smile to me. after 16 hours of excel spreadsheeting, id have crazy thoughts, too. the video character likely just carries yoga mat with her but doesnt even do yoga, she is just so out of it. LMAO
Haha it's for her to sleep on (jk)
I never own a Mac before, Why is excel not usable on Mac?
Some excel features don't work on Mac / shortcuts different
can comp-hours really match with top tech companies. in tech hours are limited, pay is quite high, people at principal/director level must be getting way more than IB VP/Director now a days.
Likely not on a junior level in terms of hours, but pay does rise quite a lot and hours decrease as you rise up in IB
Hi, Angela, thx for the review on this promotional video. It’s hilarious how false this advertising is 🤣 especially that midday yoga meditation part. I do have a side question, since I’m pursuing er career, I’m wondering do IB analysts work closely with er department in UBS or just very occasionally?
Not very often! Very occasionally do they speak to one another, since there's usually a "chinese wall" between the two
@@angelasunx3 gotchu, thx for the reply, appreciate it and already subbed :D
Is she an actual employee, or could she be an actor? The reason I say this is I was on a video for a former employer once, and we asked a woman from the camera crew to join in... So that I would not be the only woman on video. As a disclaimer, it was not a bank, and only for our intranet
Honestly unsure which!
Make a video by which country did you have graduated and get into an investment. ...
NYC!
Thanks maam for your reply love from india😊😊😊👍
Miss the ATM bank statements receipts the traders would leave at the ATMs on purpose and the occasional , "Do you Know who I am ?" statements at at the Deli bar.
Thank you for bringing a reality check to these cringy corporate PR. Sad thing is so many aspiring young talents will still get fired-up by these videos with no idea what they are getting themselves into...
Exactly! Very misleading...
Also, congrats on your corpdev gig. Glad you are out of the dark side and can now speak more freely. Keep it up with the great content!
If I could make $60 an hour as an investment banker I would suck it up and do it. Invest huge amounts into leveraged etfs and suck up the pain for a few years
You don't make $60 an hour in investment banking until you've worked there for a number of years
Yo thanks for showing this.... these fake TH-camrs got no idea how much we Merchant Banking people suffer 😅
Haha thanks for watching!
Great video 👍
Thanks Nikhil!
Would it be helpful to join UBS for a promising career in operations role? I have 7 years of work experience. Could you please tell me what Designation/Title will I be given based on my experience?
That sounds promising! I don't know how the hierarchal structure works in operations so it would depend, but sounds like you have mid-level range of experience
Nice monitors. I have the same 24 inches variant
Very nice! They're great
At 4:45, some pros can’t even use the Pro product by Apple.
🙌🏻
Interested in the difference between investment banker analysts and normal investors
Will consider that for a future video, thanks Joseph
The military doing marketing for UBS now
Haha
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@@steveandersonthomas7441 Stocks are good but crypto is better.
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@@emilyamber6266 2021 online stock market is just difficult and unbelievable, I rather invest my money on crypto.
Qq-do you upload once or twice a week?
Anywhere from 1-2 times! Usually once on Saturday, and occasionally Wed too
Hey angela, who makes more: an investment banker or a trader?
It would depend on the specific person, since there are special cases, but just at a junior level, investment bankers generally make more
@@angelasunx3 thx
Angela真棒👍！
Thanks!
I work in advertising; crazy how similar the lack of work-life balance is :')
:,(
IT consultant vs. Investment Banker ?
Both are good, just different
@@angelasunx3 however , i can not do both
The video was published right after the Goldman Sachs working conditions were made public, they just want to say "UBS is not the same, UBS is a happy place"
When in fact both not happy places
Hi Angela, planning to get dell monitors for wfh this summer, may I know which model you are using?
Dell 24 USB-C Monitor - P2419HC
@@angelasunx3 Thank you!
there must be a disconnect between hr and investment bankers 😂
100%
WHAT IS SHE A REPORTER?!
🤷🏻♀️
Obviously it isn’t meant to be an accurate portrayal, if you couldn’t handle the long hours and work, that’s why you quit.
The video is probably the opposite rather than just inaccurate
Tue what you say about i-banking. A love and hate relationship. But definitely not such a walk in the park as demonstrated in the advertisement video of UBS.
Agree!
Thanks for sharing your honest opinion!
Of course! Hope you enjoyed the video
maybe she's on the sales and trading team. in which case, her day should've started at 530 in the morning lmao
It's honestly so unclear haha
The. How come when I call Ubs nobody can help me
4.06
Leaving aside the Trading Floor baloney, she could be an Associate or a VP. Maybe?
Perhaps! Even so there are some contradictions... just a confusing video overall
@@angelasunx3 oh yea. I bet.
Yay! :D
:)
With the evolution of work. Wouldn’t it be possible that investment banking evolve? I know a few people that walk out like you due to the crazy hours and I think our generation 25-45 whenever we are the “shot callers” may bring some balance to the industry. Or do you think that’s impossible?
It's possible! A lot of investment banks are already enacting a lot of policies that 10 years ago didn't exist. Don't see it becoming a 9-5 but see it becoming better than it is now
It is funny to see this promo from UBS. Totally unrealistic. Greeting from SG office. Thanks for the video!
Greetings! Thanks for watching
Never seen such a happy investment banking analyst, she must have been on drugs
Me neither!
Anyway I still want to join ubs but in back office...
Go for it