UBS

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UBS Jobs & Careers in Weehawken, NJ

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UBS Reviews

1,446 Reviews
3.4
1,446 Reviews
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UBS CEO Sergio P. Ermotti
Sergio P. Ermotti
302 Ratings
  1. 2 people found this helpful  

    Cheapest Financial Institution

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Weehawken, NJ
    Current Employee - Software Engineer in Weehawken, NJ

    I have been working at UBS full-time (more than 3 years)

    Pros

    From the past 1 year, nothing to add.

    Cons

    - They are cheapest in terms of compensation and bonus among their competitors. I mean it, you can compare their salaries with either banks on the glass door for yourself.
    - Lot of people have listed work-life balance as a pro, but in reality because of low morale in the bank very few are willing to work more than 9-5.
    - There is no job security in the bank as they are either slashing the jobs to overseas or moving them to low cost locations with a 20% pay-cut.
    - Their short strategy is just to cut cost even at the expense of low-quality work which seems to be working for now, but will definitely hunt them in the future
    - They do not negotiate salary for new-comers at any cost and for new joiners its really a mess in the bank right now due to frequent structural changes
    - They have even increased the cost of chips and cookies in the vending machine by .25 cents which is already overpriced, have a very low quality coffee which is not drinkable, have reduced fax machines/ printers and trying to make profit put of everything.
    - HR is worthless and non-existent in the bank
    - They had a employee survey and when the results were out, they seemed to have inflated it, but even those results clearly indicated employee satisfaction and enthusiasm was very very low.

    Advice to ManagementAdvice

    Do some research on compensation being paid by other banks out there. Learn to treat your employees with respect or you would continue to have a high turnover of employees you are seeing currently.
    Also, hiring a new employees and training them incurs cost, and with such high a turnover the training and other in-tangible cost also increases. I hope you would see a room for cost saving here as well

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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