UBS Reviews

Updated July 1, 2015
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UBS Group CEO Sergio P. Ermotti
Sergio P. Ermotti
30 Ratings

Pros
  • work-life balance; office culture; staff education (in 152 reviews)

  • Friendly and helpful work environment (in 80 reviews)

Cons
  • Work-life balance is appalling if one wishes to get promoted (in 30 reviews)

  • Too much senior management changes (in 54 reviews)

More Pros and Cons

103 Employee Reviews

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  1. Helpful (2)

    Director

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Some of the employees were truly hard working good people, who cared for the well being of those around them.

    Cons

    Senior management were some of the most vile people I have ever known and I've been in the industry for more than 25 years, working in London, NY and Stamford for this company. Their greed, especially around comp time, was obnoxious. I also have nothing good to say about the HR organization -- each and every one of them was a waste of space.

    Advice to Management

    Bring some senior Swiss nationals to work in NY and London so that they can truly see what goes on in this organization in the regions. They will be shocked.


  2. Corporate cash management Horrible Internship

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at UBS as an intern

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing.If you work on the financial reporting or trading side, stick with it, it's a good internship to have.

    Cons

    If you're on the marketing side of the corporate cash management team, get out while you can. You just to busy work all day and have to get food, drinks, and other bus-boy type tasks.

    Advice to Management

    Treat interns like humans. Have them actually use their brains.


  3. A disappointing experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at UBS

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    A decent compensation and benefits structure are available to all levels of the firm. Wealth Management Americas has a great opportunity ahead.

    Cons

    UBS has an identity crisis at the top of the house which creates a static environment throughout the ranks. There is no incentive for change which is sorely needed.

    Advice to Management

    Commit to change that will best position the company for the long-term.


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  5. Disappointed that I was ever associated with this firm.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Manager
    Former Employee - Operations Manager

    I worked at UBS full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Experience many different FA styles

    Cons

    Poor management
    Over worked
    Under paid
    Very greedy corporation

    Advice to Management

    Get in touch with your employees. There is a reason UBS has such high turnover with their employees and can't retain financial advisors and their staff. Become more personal and know the issues that need to be fixed.


  6. Helpful (2)

    AD

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at UBS

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Challenging work environment year over year

    Cons

    Lack of compensation year over year


  7. Helpful (1)

    wealth management ghetto

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at UBS full-time

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

    Pros

    -People outside the industry respect the name for whatever reason
    -Gallows humor

    Cons

    -Cross selling BS mortgages and credit cards required by management (no one entered this industry to do that)
    -working for FAs, yet reporting to incompetent management makes no sense
    -no career path, either wait around decades for your advisors book or become an FA yourself
    -REQUIRED to keep your account with them, while they are uncompetitive even with employee discounts
    -one scandal/lawsuit after another (like clockwork! You know those Swiss!)
    -too cheap to spend on the hardware/software that could enable a much leaner organization and save incredible amounts of time and effort
    -real secretaries/assistants are required but nonexistant

    Advice to Management

    Have fun with all these big teams you assemble go independent because your 50% revenue cut doesn't even begin to offer enough value and they now have the critical mass of AUM to go solo.


  8. Helpful (2)

    bad outweigh good.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wealth Manager in Leawood, KS
    Former Employee - Wealth Manager in Leawood, KS

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    One of largest wire house firms. Looks good on a resume. A lot of helpful training. A good place to start.

    Cons

    Not much help. Basically give you unrealistic expectation and act shocked when goals aren't met. Unless family member works there or you are independently wealthy do not apply. They will push you out in a few years.


  9. Helpful (3)

    The management team changes all the time.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    better work/life balance, colaborative environment

    Cons

    The managers used to know about the business are all gone. The new managers are very good at bluffing and taking other people's work for credit, but know nothing about the business.


  10. Helpful (2)

    No internal communication

    Current Employee - Financial Advisor in Weehawken, NJ
    Current Employee - Financial Advisor in Weehawken, NJ

    I have been working at UBS

    Pros

    the people, teamwork, and sales managers

    Cons

    upper management, misguided goals, becoming too much like Merrill Edge


  11. Helpful (3)

    Big, broad, bureaucracy

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

    I have been working at UBS full-time (More than 10 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Large enough to have areas of interest for any employee, sitting on large excess capital base so the bank will never fail, if you can make your boss look good, you will do well.

    Cons

    Not an innovator, late to any trends in the markets, then pay top dollar for asset acquisitions, leading to inevitable failure. Regularly cited by regulatory agencies for unethical violations, senior management came from Merrill Lynch, and continue to have that old Wall St mentality of pushing high cost, high margin products across the board. Despite this, the bank fails to grow (+2% yoy top line growth) forcing regular headcount reductions to grow bottom line.

    Advice to Management

    A bank can grow and still be ethical



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