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05-08-2021, 09:51 PM
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Quote:
Originally Posted by Unregistered
Didn’t participate in this banter before but fyi I found someone on LinkedIn - working in Lazard FT now after doing SGUT
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He's my friend. He was a Graduate Trainee (GTP) with UBS who hopped on to Lazard because they offered 12k.
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05-08-2021, 10:00 PM
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Quote:
Originally Posted by Unregistered
He's my friend. He was a Graduate Trainee (GTP) with UBS who hopped on to Lazard because they offered 12k.
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In other words different breed from SUPER trainees
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05-08-2021, 11:28 PM
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Quote:
Originally Posted by Unregistered
He's my friend. He was a Graduate Trainee (GTP) with UBS who hopped on to Lazard because they offered 12k.
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OIC I thought he was a super trainee as his LinkedIn indicated contract which is atypical. And usually those in GTP don’t put trainee as their title.
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05-08-2021, 11:31 PM
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Quote:
Originally Posted by Unregistered
OIC I thought he was a super trainee as his LinkedIn indicated contract which is atypical. And usually those in GTP don’t put trainee as their title.
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Seems like SGUT. GTP starts in Jul, SUPER starts in Oct.
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05-08-2021, 11:34 PM
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Quote:
Originally Posted by Unregistered
OIC I thought he was a super trainee as his LinkedIn indicated contract which is atypical. And usually those in GTP don’t put trainee as their title.
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His Linkedin does not indicate contract, check again. There are 2 types in UBS. The 1st is trainees or SUPER Trainees and the 2nd type is Graduate Talents (GTP) or Graduate Trainees. It's unfortunate that they can be easily mixed up especially those new or outside finance, which is why this thread has been flaming. I don't think the full-time GTP talents who place their bios as Trainees know that they're easily mixed in with the SUPER Trainees crowd because these SUPER Trainees tend to omit the SUPER in their job titles.
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05-08-2021, 11:45 PM
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Quote:
Originally Posted by Unregistered
You just view his profile via browser? If you check in LinkedIn app then it will indicate contract. Or does that only show up for certain people due to privacy settings? I mean I used to work in ubs so maybe 2nd connections that’s why?
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Could be. I'll be shocked if he was on contract, he used to intern in several big and medium size Buy-side firms as you know. For him to fall from such a high pedestal would be quite difficult to comprehend.
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05-08-2021, 11:49 PM
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Though I just remembered it could be a practice by Investment Banks. I remember CS giving their IB Analysts 2 year contracts (not sure if it's still around) nd I believe JPM or GS used to do that until they abolished that practice about 10 or more years ago. Not sure if UBS holds on to this 2-year contract practice.
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06-08-2021, 03:23 AM
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Ex-trainee here and have heard those IB trainee have all converted or had found roles in BB like Barclays, Citi and Lazard earning 5 digits per month. Most of the trainees here are high calibre individuals that doesnt differ much from GTP although there are definitely donkeys here
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06-08-2021, 04:30 AM
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if you are not part of the program plz dont assume. i am currently with the IB team and the compensation is different from the WM side although not as high as the full time. you think its easy to enter? juz go and look up some IB trainee this batch on linkedin and their background (Nxxxxxxx Axxxxx, Nxxxxxxx Mxxxxxx, Axxxx Txxxx, Jxxxxx, Jxx Wxx L)
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