UBS Reviews in Chicago, IL

Updated July 28, 2014
Updated July 28, 2014
1,368 Reviews
3.4
1,368 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
UBS CEO Sergio P. Ermotti
Sergio P. Ermotti
276 Ratings

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

46 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Wealth Management Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Management Intern  in  Chicago, IL
    Current Employee - Wealth Management Intern in Chicago, IL

    I have been working at UBS as an intern for less than a year

    Pros

    Nice working environment, helpful managers, flexible schedule

    Cons

    too many office administrative responsibilities. personally, i prefer to work on projects rather than just paperwork

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Good place to get a start.

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

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

    Pros

    Office will support you getting licenses and certifications. Good place to to learn and get some experience. A lot of the long timers are very nice and helpful in sharing knowledge. Good amount of vacation time for new employees.

    Cons

    Poor compensation. Limited amount of positions available within the wealth management division. Some of the past managers didn't make it easy for individuals to apply for other jobs and move around within the company. Sometimes it takes forever to get something done because it has to go through so many strings of approval.

  3.  

    Just OK

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

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

    Pros

    Solid company with a good reputation. Work-life balance is nice.

    Cons

    Lack of training. The only tools you are given are from the disinterested, checked out person who had your job before you did. The only thing anyone cares about is money and climbing the corporate ladder. There are some really slimy people working here. The company does not give cost of living raises, and most employees have not had a salary increase in 5 years. There is a huge lack of morale in the home office, and getting a competent, timly response is impossible. Not to mention the fact that half of the back office is in India now, with more to follow. The technology is a joke too. We are still on some systems from the 90s.

    Advice to ManagementAdvice

    The best way to keep talent is to pay for it. Enough outsourcing. Invest in quality, sustainable technology so we can do our jobs effeciently and effectively.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Good comp, Great people, Distant management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations  in  Chicago, IL
    Current Employee - Operations in Chicago, IL

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

    Pros

    People are really nice, very smart and tend to be some of the professional elite you would like to work with. International opportunities for sure.

    Cons

    The promotion, raise and bonus system is a total sham. It's painful and it sucks, UBS needs to get on the same page as the rest of the western world when it comes to taking care of their employees.

    Advice to ManagementAdvice

    Management is in Switzerland. They really could care less what happens to anyone in the US. They tend to make autonomous decisions that are a JOKE!

    Recommends
    Positive Outlook
    Disapproves of CEO
  6.  

    Positive, great way to get a start in the industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Chicago, IL
    Former Employee - Analyst in Chicago, IL

    I worked at UBS full-time for more than a year

    Pros

    Compensation, people are willing to help you out along the way

    Cons

    Hierarchy, crazy hours, people tended to be favorited

    Advice to ManagementAdvice

    Less red tape

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Private Wealth Management Intern

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

    I have been working at UBS as an intern for less than a year

    Pros

    It is a BB. A lot of exit opportunities.

    Cons

    Growth is limited in PWM. Team and operations group constantly butting heads. No structured intern program.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    cannot recommend as a developer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Java Developer  in  Chicago, IL
    Current Employee - Java Developer in Chicago, IL

    I have been working at UBS full-time for less than a year

    Pros

    relaxed environment
    there is no overwork

    Cons

    everything else
    old technology
    leader without expertise

    Advice to ManagementAdvice

    learn a little bit about computer science

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Standard Investment Bank/Corporate Structure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Data Analyst  in  Chicago, IL
    Current Employee - Data Analyst in Chicago, IL

    I have been working at UBS as a contractor for less than a year

    Pros

    Nice and relaxed office environment. People are friendly and open for the most part.

    Cons

    Everything here has moved towards all entry-mid level positions are independent contractor in the post dodd-frank obamacare heavily regulated world. Very rigid corporate structure, hard to move across divisions.

    Advice to ManagementAdvice

    Get away from moving everyone to independent contractor, your turnover rate will be going up substantially in my opinion if this doesn't change.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    worst place I've ever worked

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

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

    Pros

    The 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 ManagementAdvice

    Just sell it already...clearly the IB does not want to be on the buy side.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11.  

    Resourceful, great for a college student interning trying to glean a glance at a FA's role.

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

    I worked at UBS as an intern for less than a year

    Pros

    Name recognition. World class resources, technology, growth, connections, real world experience as a college student, world class building.

    Cons

    Push company products, unpaid intern, one bloomberg terminal per entire floor?, very shady way of "obtaining" business lists for prospecting, work was mundane/trivial.

    Advice to ManagementAdvice

    Share more knowledge of business...

    Recommends
    Neutral Outlook
    No opinion of CEO

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