As one of the world’s leading financial services firms, UBS offers highly sought-after investment banking internships for students looking to gain experience at a top global bank. With offices across the Americas, Europe, Asia Pacific and emerging markets, UBS provides opportunities to work on live deals and projects that give exposure to corporate finance, M&A, equity and debt capital markets. Competition is fierce for the limited internship spots, so preparation and insight into the recruiting timelines and application process is key. This article provides an overview of how to land an UBS investment banking internship in 2023, from research and networking to nailing the interviews.
UBS investment banking internships have early application deadlines beginning in Fall
UBS recruiting for 2023 investment banking internships will ramp up in late summer and early fall of 2022, significantly earlier than many other banks. Positions are posted on their website by August, and application deadlines can be as early as September or October. This means that preparation should start 6-12 months in advance. Review the job descriptions and research the divisions of interest. Networking events and informational interviews should begin in spring semester. Polish your resume, cover letter and interview skills over the summer. Compared to applying as a full-time analyst, the internship process has fewer rounds of interviews, usually just one or two. However, competition is still high, so you need to showcase your finance knowledge, problem solving abilities and fit with UBS.
Maintaining a strong GPA and demonstrating interest in finance is important
UBS focuses its investment banking internship recruiting at target schools, where they have established relationships. As an elite global bank, they recruit mainly from top ranked universities worldwide. Acceptance rates are low, so having a standout resume is crucial. Aim for a GPA of 3.5 or higher. Include leadership experience and extracurricular activities that showcase your abilities. Highlight finance-related coursework, projects, clubs and internships. Some applicants even obtain the CFA Level 1 qualification prior to recruiting. Attend on-campus events held by UBS to demonstrate interest and get directly connected to their recruiters. Ask insightful questions that show you understand their business and culture. The more contact points you have, the better chance of getting an interview when applications open.
Networking is vital to earn insider referrals and tips
While UBS has a formal application process online, networking can significantly boost your candidacy. Employees at firms like UBS are often involved in recruiting by providing referrals. Reach out to UBS alumni from your school that went through the program previously. They can provide advice on how to get selected and pass along your resume directly to hiring managers. Attend finance networking events in your city or virtual events to connect with UBS professionals. LinkedIn is very valuable for identifying contacts and sending messages expressing your interest in an internship. Insiders can give you specific tips for the interviews and cases tailored to that division. The more people advocating for you, the better.
Fit and enthusiasm for UBS are just as important as technical skills
During the UBS investment banking internship interviews, technical questions on accounting, valuation and financial modeling will be asked to assess your finance aptitude. However, evaluators are also trying to determine if you will thrive in the intense environment and mesh with the collaborative, driven culture. Convey sincere interest in UBS through the questions you ask. Know key facts about their recent deals, growth strategy and competitive advantages. Ask specific, thoughtful questions that show enthusiasm for learning. Portray yourself as a team player excited by challenges and committed to top performance. The key is balancing finance competency with showcasing soft skills and cultural fit. With preparation and a passionate, professional demeanor, you can land a coveted UBS investment banking internship in 2023.
From early application deadlines to networking with professionals, students need extensive preparation and insider knowledge to land an investment banking internship at UBS. By starting the process early, maintaining a strong finance academic record, networking, and interviewing well, you can position yourself to join UBS and kickstart your career at a world-class financial institution.