Why UBS? What differentiates UBS? What interested you?Answer - One of the first things that I read about UBS and its company history was about its historical foundation; the combination of over 300 financial firms over the past 150 years have all contributed to its success. I believe that this com...
Why UBS? What differentiates UBS? What interested you?Answer ✔✔ - One of the first things that I
read about UBS and its company history was about its historical foundation; the combination of over
300 financial firms over the past 150 years have all contributed to its success. I believe that this
combination of hundreds of firms over such a long period of time speaks to UBS's unilateral
commitment to blending diverse points of view to create outcomes which are best suited to maximize
both client satisfaction and company success. Its initial emergence of economic necessity, and
specifically its impact on Swiss industrialization, were cultural legacies which I found set UBS up for
success in terms of also maintaining a global presence.
Its commitment to maintaining that global presence was also something that differentiated UBS for me.
I study international business, so much of my studies focus on economic relationships between
countries as well as its impact on domestic firms. So, UBS's emphasis on the global nature of the banking
program felt as if it is a position I would excel in; much of my experience has been tailored to broad
communications and relationships across different regions, and I've immensely enjoyed the perspective
it brings to projects and points of discussion.
On a personal note, my dad's side of the family is actually from Switzerland, my grandparents were born
in Zurich. My grandfather lived in Zurich until he was about my age, twenty-ish. He moved to Chicago
when he came to the U.S. in the late 70s, and I recently mentioned UBS, and he cracked a joke about
seeing the Union Bank immediately when he moved here and laughing about how Switzerland followed
him to the U.S. So, then following up and reading on the Union Bank's mergers throughout the last 150
years, the beginnings of what now has become UBS has also contributed immensely to my desire to
obtain an interns
Current Event Impacting the Industry:Answer ✔✔ - Oil investors' bets made in options markets recently
caused oil prices to steeply drop yesterday, July 19th; traders are expecting these prices to become
quite lower again. This likely is the result of the Delta variant shaking confidence in the economic and
social rebound; before Monday, oil prices were at multi-year highs and there were increased bets that
oil could potentially be pushed above $100 for the first time since 2014.
The DELTA variant doesn't mean that there will be a complete shutdown anywhere in the USA again but
it does caution investors that there could potentially be new, if not as restrictive as 2020-esque
restrictions, on economic activity in countries with high fuel extraction but have lower vaccination rates.
Traders might be thinking that steady gains in oil are over because the options market increased to over
40%, which implies that its implied volatility is the highest since early April.
, This will likely lead Mideast producers to pump more crude oil, but it likely will not bridge the gap
between production and recovering demand.
How do you keep up with the current industry?Answer ✔✔ - I have Google Alerts set for industry
trends; I actually just added a couple yesterday to go along with the increased news of the Delta variant
and how that's been affecting the domestic, as well as in more southern states, and the international
economy.
I also have a Wall Street Journal and New York Times subscription (of which I read the business sections)
daily to keep up with current trends in the industry. Interestingly enough, I'm taking a couple of finance
courses this summer with my university, Boston College, and one of my professors has a discussion
board where every student has to post every other day with a trend or event affecting the current
markets and investors. That's been a really interesting way to see the aspects my peers are also
interested in and have meaningful dialogue with both them and my professor about those trends.
Tell me about the riskiest decision you've made and its consequences.Answer ✔✔ - The riskiest decision
I've made in my internship and work experiences was transposing the entirety of my internship project
this summer onto a different platform than I had been using the whole summer. The program includes
fifteen business transformation courses for companies to use alongside training programs; however, the
platform that Fassforward, the company I am working for currently, typically used was not user-friendly
for the experience I wanted the customers to get out of the experience: there was no interactivity. So,
after asking my supervisor, I emailed one of the creators of a different small microlearning platform and
asked if there was any way we could make our content customizable to our client's needs. They agreed,
and I overhauled all of the content within a week so that I could finish it well ahead of a presentation to
Verizon this past week as a kind of 'beta' version. In the last week, we've gotten great feedback from the
users of the program on its strong points and where they feel it can be improved, but have all responded
that they feel they are learning much more from this software than the previous platform. So, now, I'll
continue revamping that software and we have a presentation next week with KPMG where hopefully
we will receive more feedback!
Why global banking?Answer ✔✔ - My first inkling that I felt I would be interested in banking was in high
school; my dad gave me the "little book of common sense investing" for Christmas one year. I found that
I really enjoyed it, but my first kind of hands-on experience was actually working at the law firm that I
am currently employed with in Boston. It's corporate law, and a lot of the clients are interested in the
legality behind investments and large transactions. I was tasked with helping some of their clients
structure investments in Qualified Opportunity Zones; I had really zero idea what those were, but I
combed Google Scholar and the textbooks in the office for weeks until I could create a presentation with
consolidated information for our clients. I created a giant Word document with extracted information
which I felt could potentially be relevant to the topic. and the clients, and used that to create the
presentation. That presentation, which I had no insight into the topic at the outset and then was able to
present it to the clients in a way which was comprehensible and concise suited to their business goals,
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