"Introduction to Investment Banking" with UBS

On Wednesday, 8th of October, 50 university students with an interest in investment banking were given the unique opportunity to visit the UBS Melbourne Offices for its event: ‘Introduction to Investment Banking with UBS’.  

The morning began with an open networking session, where students enjoyed catered refreshments with views of the Yarra River, while chatting to representatives from various UBS teams. There was truly a notable variety of backgrounds; bankers came from a range of universities and had joined UBS through a mixture of pathways including internships, master's programs, and transfers from other investment banks.

Following refreshments, Jon Mant gave a brief introduction that sought to break down the crux of investment banking - a profession centered around building relationships and applying high-level thinking to creatively solve otherwise intractable problems. Edward Stent and Elysse Cassidy then proceeded to lead a panel on the daily life of an Investment Banker. Starting with a technical element, they explained how UBS analysts are exposed to the whole lifecycle of a transaction. This included pitching the strategic and synergistic incentives to a client, demonstrating why UBS is the best advisor, and developing valuations and conducting financial due diligence on targets. 

Despite UBS’ prestige as the number one domestic investment bank in terms of M&A revenue, every banker spoke just as highly about the culture and kindness of their colleagues. Many mentioned the sense of comradery that stemmed from their large cohort size, as well as the regular social events organised for Juniors. A recurring theme was UBS’ flexibility, whether supporting part-time work to pursue further study or travel, the firm was praised for its accommodating approach.

Students then listened to a more diverse panel of UBS bankers, who divulged insights and tips for applications. The panel ranged from recent graduate bankers to Managing Directors, like Campbell Stewart, who joined UBS in 1986. They shared their personal journeys and talked about the ways students could demonstrate their interest. Key tips included doing case competitions, following one of UBS recent deals in the last twelve months, and organising coffee chats with any bankers who students felt had particularly interesting backgrounds.

Finally, the panel was opened to a general Q&A, where panellists answered questions like “How will AI affect Investment Banking”, or “What changes have you experienced in M&A post GFC?”. 

Overall, the visit offered invaluable insights into UBS’ people, culture, and work, providing students with actionable insights to build a career in investment banking.