UBS

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UBS Reviews

Updated Jul 28, 2014
All Employees Current Employees Only

3.3 1,316 reviews

77% Approve of the CEO

UBS CEO Sergio P. Ermotti

Sergio P. Ermotti

(257 ratings)

63% of employees recommend this company to a friend

Review Highlights

Pros
  • work-life balance; office culture; staff education (in 133 reviews)

  • Decent work-life balance, relaxed work environment, corporate perks (in 76 reviews)


Cons
  • Work-life balance is appalling if one wishes to get promoted (in 29 reviews)

  • Lack of clear strategy due to too many senior management changes (in 53 reviews)

More Highlights
79 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    cannot recommend as a developer

    Java Developer (Current Employee) Chicago, IL

    Prosrelaxed environment
    there is no overwork

    Conseverything else
    old technology
    leader without expertise

    Advice to Senior Managementlearn a little bit about computer science

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Terrible culture, poor management, everyone plays politics

    Investment Banking Analyst (Former Employee)

    Pros-Compensation is ok, but bonuses are significantly less than similar bulge brackets
    -Still a pretty capable bank, some decent deals and exposure
    -Analyst classes are filled out pretty well - diverse, smart people. Usually best thing about joining is the analyst network after

    Cons-Terrible management at practically every level. Everyone is looking out for themselves, do not care to develop junior staff and frequently throw them under the bus.
    -Upward movement is based more on politics than it is on merit
    -No direction besides cost cutting. Senior management provides no guidance, tells their bankers to cut costs but then punishes them for not closing deals. Result is a free-for-all amongst all the bankers, severe politics to stay afloat, and no consideration for the long-term
    -any major talent has pretty much jumped ship already after a series of poor management decisions and financial blowups due to poor risk management and a culture that encourages immense risk-taking

    Advice to Senior ManagementClean up the culture

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    worst place I've ever worked

    Director (Current Employee) Chicago, IL

    ProsThe desk heads are talented people.

    Cons'Industrialization' has made everything horrific. Nothing gets done. It's actually written in the policy that they do not give cost of living increases so most people have not gotten any raise in 5 years when the salaries are known to be below market to begin with. There is not one person I know who is happy there. Everyone thinks they have to be prepping for sale cause there really can be no other reason that things can be run this poorly.

    Advice to Senior ManagementJust sell it already...clearly the IB does not want to be on the buy side.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Poor pay and lack of mobility

    Trading Analystith (Current Employee)

    ProsNot much pros here. It might be a good place to learn, but get out after a year.

    ConsPoor pay.
    Promotions with no pay increases
    Lack of mobility
    Lack of respect from middle and senior management
    Company is losing key talent due to a joke of a bonus structure

    Advice to Senior ManagementStart treating employees better and identify key talent. Treat employees like grown adults. Pay better and be more competitive rest of the street.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Disapproves of CEO

     

    Software Developer

    Senior Software Engineer (Current Employee) Weehawken, NJ

    ProsSalary on par with other competitive banks

    ConsNo visa sponsorship, no raise, hell lot of work, layoffs every quarter, job insecurity, lot of changes in senior management , lot of outsourcing

    Advice to Senior ManagementValue your employees, at-least in this environment they should try to motivate employees and increase communication

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Disapproves of CEO

     

    No growth, nothing to add on Resume.

    Software Engineer (Current Employee) Weehawken, NJ

    ProsNo Pros.

    There are really no pros working here.

    If looking to build up your resume, this is not the place for you.

    ConsOutsourcing
    Layoffs
    No increment
    No motivation
    Small bonus
    ...too many to list all

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Bad experience

    Associate (Former Employee) Stamford, CT

    ProsI started my career at UBS on a front office desk within FICC and stay for less than two years. There were competent people (though not a lot). I learned quite a bit from them and made friends in the firm.

    Cons- layoff every quarter, no job security
    - politics everywhere, people spent more time on politics than doing business (there was not much business anyway)
    - no raise, no promotion, no bonus
    - HR was very unprofessional and ridiculous, e.g. had to argue to get business trip reimbursed; used appointment on private issues as a "training opportunity" for their junior people
    - some part of the training program was a waste of time e.g. weeks spent on learning meaning of the firm's logo
    - Poor IT infrastructure
    - Very bureaucratic, too many levels of management and very slow to get anything approved
    - too many scandals and bad reputation on the street

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Toxic company in search of solid management

    Director (Current Employee) Stamford, CT

    ProsSome of the best clients on the street; some of the old timers were solid, professional bankers; being a Swiss firm, meetings always started on time!

    ConsAll the good folks have left and the new folks are the worst of the worst from Merrill Lynch

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    A Sinking Ship

    Anonymous Employee (Former Employee) Stamford, CT

    ProsExcellent European-style health care benefits

    ConsEverything else...there are many CONS

    Advice to Senior ManagementClean house, beginning with the Stamford trading floor, particularly FX

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Find another place to work! Terrible compensation, people and culture!

    Associate Director (Former Employee) New York, NY

    ProsNone unfortunately. The Company used to be great. Great reputation, hit above their weight and M&A was best on the street. No longer!
    The only positive attribute for a new hire is the training. Complete it and start your job search!

    ConsEverything....lay-offs every month, constant turnover, tarnished brand and reputation, no company transparency, terrible comp, terrible management, terrible experience/exposure.....

    Advice to Senior ManagementPay your people, stop hiring laterally...they sucked at another firm and were let go or weren't paid. Why do you think they are coming to UBS. They will suck there and kill the junior people. Band aid mentality.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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