UBS Reviews in New York City, NY

Updated September 23, 2014
Updated September 23, 2014
1,388 Reviews
3.4
1,388 Reviews
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UBS CEO Sergio P. Ermotti
Sergio P. Ermotti
283 Ratings

Review Highlights

Pros
  • THe work life balance is good but might get stressed during the deal season (in 146 reviews)

  • Decent work-life balance, relaxed work environment, corporate perks (in 79 reviews)


Cons
  • Working hours are abit too long and I find it hard to get a work life balance (in 30 reviews)

  • Priorities of the business kept changing and senior management did not seem to have a vision (in 54 reviews)

More Highlights

80 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    A labyrinth of a place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Director in New York, NY
    Former Employee - Executive Director in New York, NY

    I worked at UBS full-time (more than 3 years)

    Pros

    Some good people, although most of the best have left. The people that remain would survive a nuclear blast - they are not going anywhere and likely could not even if they wanted to.

    Cons

    Performance, stock, Swiss oversight, but other than that... There are no real career paths on the institutional side at UBS.

    Advice to ManagementAdvice

    Wealth Management won't get you there. Investment banking has been destroyed. You're really not part of "the street" anymore.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Not the place you want to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive Director in New York, NY
    Current Employee - Executive Director in New York, NY

    I have been working at UBS full-time (more than an year)

    Pros

    Decent benefits
    Good midtown NYC location

    Cons

    Not committed to the business
    Revolving door management
    Nobody wants to be there

    Advice to ManagementAdvice

    Get out of the institutional business if you don't want to commit to it.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Lumbering from one accident to another

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY

    I worked at UBS full-time (more than an year)

    Pros

    - You get a shot at doing the stuff only senior folks do at other banks, because senior people leave at an amazing rate.

    Cons

    - The bank has had heaps pf problems in the past years, rogue traders, fired CEOs, rotating cast of senior management.
    - The bank most notorious for over-hiring and over-firing (ask the FICC guys)
    - The bank will soon have no FICC or Investment banking businsess to speak of, so unless you want to work in wealth management, look elsewhere.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    UBS

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at UBS full-time (less than an year)

    Pros

    Global Investment Bank and Wealth Manager

    Cons

    Poor culture and work ethic

    Advice to ManagementAdvice

    Get in the trenches and see what is going on

    Recommends
    Negative Outlook
    Approves of CEO
  6. 3 people found this helpful  

    A true love hate relationship with UBS

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Director in Weehawken, NJ
    Former Employee - Associate Director in Weehawken, NJ

    I worked at UBS full-time (more than an year)

    Pros

    The technology of this bank is outdated, between the 1990's to 2000's, and the bank is far from perfect (what company is?), however instead of looking at this from a negative point of view, I saw the positive side of it. The nature of my position and the lack of resources available allowed me to utilize my creativity to the max, which also helped me improve my computer programming and communication skills greatly. The people were nice, mostly open to suggestions, and seemed to appreciate my work for the departments.

    Of course, the nature of my position was made possible by my boss who was fortunately very open minded. He let me do my job independently with minimal supervision. If I have had anything less, my viewpoints would have been very different and my creativity would have been limited.

    In my particular department, there was downsizing and this occurs everywhere in every company at some point or another. Thus, I can't put this as a con since this is a part of life and business restructure. Again, I looked at the downsizing as an opportunity for myself and utilized my creativity to the max to help offset the lack of resources through innovation. This is a pro because the company let me be creative, listened to my suggestions, let me execute my decisions, and overall had been very accommodating. I know a lot of people complain about the technology there (and so did I my first few months), but there are some things we can't control. I learned to focus on what I could control, and turned the negatives into major opportunities.

    Cons

    There are definitely cons to working at UBS. Unfortunately because of these cons, this fact had pushed me into looking for new employment about 1.5 years into the company. I am not one to criticize management or to give my personal opinion about how they should act, mainly because I do not have the full story. But I will say this:

    Although the lack of resources as I mentioned above allowed me to be creative and work smarter, the lack of resources also affected my personal growth at the company. I had expected to have a small team working for me by the end of the 2nd year, and I still had no support. Think about it, if you are the only maintenance and support technician on site, what happens? You can't leave your position, ever. There would be no way for me to personally grow at this company since any promotion would indicate I would no longer be available to support my original duties.

    The lack of any salary increases also was off-putting. Most people will say "but no one got a raise", or "you haven't been at the company that long" but we shouldn't think that way. Everyone is different and has different achievements and time frames. Why should I have to be at any company for even 5 years to see a promotion if my work is truly valued? I only look at my own achievements, and if the company is not giving promotions or salary increases throughout the department despite individual contributions, there really isn't much one can do but to either take it, or move on.

    Advice to ManagementAdvice

    Time to be creative, think outside of the box, and don't just follow what others do because it is the safest and easiest way. Take chances, do things differently, push back when you have to, and see what great things can happen. The worst thing that can happen? No one listens to you. The best thing that can happen? You are viewed as a leader and others will follow suit. The transformation will be slow, but can happen with the right attitude!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    PaineWebber was an excellent company until UBS took over

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

    I have been working at UBS full-time (more than 5 years)

    Pros

    PaineWebber was a dream company until UBS took over. Good Compensation including bonus, Good facilities, Nice Perks like on-site Gym, Reasonable Parking fees.

    Cons

    Kiss up Management, Tough Work-life balance. After UBS took over the company went down fast. Lot of good employees left and financially company strugglled as a result the bonuses and compensation did not keep up. The work load quadrupled.

    Advice to ManagementAdvice

    Value employee opinion even if you don't agree with them. It might give you some insight and perspective.

    Recommends
    Negative Outlook
    Disapproves of CEO
  8.  

    I coulda been somebody...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Banker in New York, NY
    Former Employee - Banker in New York, NY

    I worked at UBS full-time (more than 10 years)

    Pros

    Not so true these days but used to be a very collegial, scrappy environment. Too many good people have left.

    Cons

    Too many good people have left.

    Advice to ManagementAdvice

    Develop a strategy that focuses everyone on core strengths and dedicate every waking minute to executing on that strategy.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Very backward and bureaucratic.. Compliance Dept. works against its own employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Registered Client Service Associate in New York, NY
    Current Employee - Registered Client Service Associate in New York, NY

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

    Pros

    Depending on the office, it usually has a very relaxed atmosphere. It has a good research department and certain analyst are actually helpful in talking to clients.

    Cons

    It's extremely difficult to move up. Management and Compliance first and foremost look out for themselves. The office is filled with technologically challenged old-timers which makes everything very slow and inefficient. The marketing and technology department is an absolute joke.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10.  

    Free personal assistant. Learned nothing about Finance

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in New York, NY
    Current Employee - Intern in New York, NY

    I have been working at UBS as an intern (more than an year)

    Pros

    Work Environment, convenient commute, great for resume, flexible hours

    Cons

    unpaid... frivolous tasks, learned nothing, printed papers, planned personal trips, organized drawers, filed, and created agendas for supervisor.

    Approves of CEO
  11. 1 person found this helpful  

    When times are good it's a good place to work...when times are bad it can get disheartening

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY

    I have been working at UBS full-time (more than 5 years)

    Pros

    You get to work with some brilliant people. No two days are alike so it's never boring. There is a decent amount of global collaboration between resources in the same department but different regions. Not that layoffs are good but, at least, when they have to do one it affects all levels, not just staff.

    Cons

    The pressure never lets up, it's relentless. Base pay is OK but variable comp at the staff and middle management levels takes a dive every time another reputation-damaging revelation is uncovered. Company has passed a disproportionate amount for the cost of US health benefits on the backs of its employees. Company has also done away with a benefit for older workers that would have paid half their health benefits (after 10 years of service) during their retirement years. The push to offshore as much as possible is hurting the retention of institutional knowledge.

    Advice to ManagementAdvice

    Please consider that your competitors will poach more and more employees as the value proposition for staying here continues to diminish rapidly.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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