UBS Reviews

Updated March 3, 2015
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2.8
122 Reviews
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UBS Group CEO Sergio P. Ermotti
Sergio P. Ermotti
24 Ratings

122 Employee Reviews

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  1. Helpful (7)

    Flexibility at the cost of advancement

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

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

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

    Pros

    Flexible work schedule
    People don't kill themselves with work, slow motion operation.
    Decent worker bees wanting to do good work and trying to do the right things.

    Cons

    Too much managing up the ladder
    Constant mgmt reorganization, most projects could be labeled "mgmt recycling programs"
    Poor communication to staff
    Annual employee survey (Pulse) results get worse every year. They resort to begging people to complete them.
    Employee morale at all time low.
    All the good people have left.
    Incompetent upper managers: Peter Principle exemplified.
    Annual job reviews are a joke. Forced rankings: you are forced to put people in the "needs improvement" category regardless of whether they deserve it. Those poor souls get $0 bonus, $0 raises and or fired.
    Project planning/funding process is hopelessly broken.
    Over outsourced, 70+% of IT is gone and along with them is all their knowledge of how things get done. The result is that everything takes forever to get done.

    Constant media attention on illegal activities and huge fines, never ending.
    Your friends will say: "why do you still work there?"
    Benefit plans get worse every year, less benefits for more money.
    Less contribution to employee retirement accounts.
    Reduction in severance packages, indicative of headcount reduction plans.
    Moving jobs to "low cost" areas (Nashville) comes with 20% salary decrease and no re-location expense help.

    Advice to Management

    Listen to the comments from the Pulse surveys and actually do something to address issues.

  2. Helpful (2)

    Gets worse every year

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

    I have been working at UBS

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

    Pros

    My boss is great. Some of my co-workers are great.

    Cons

    Overall, too WMA focused. God help you if you need HR assistance, all self service and no one has a clue. Very little chance of advancement unless you are one of chosen few. A heartless organization.

    Advice to Management

    Wake up and smell the coffee. In the Americas, Bob McCann doesn't care about anything other than WMA. If you don't have a role related to WMA, he doesn't give a damn and neither does his Executive Committee.

  3. System Analyst

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

    I worked at UBS

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great Company to work for

    Cons

    none I enjoyed working there

    Advice to Management

    n/a

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  5. Helpful (1)

    On a down hill

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

    I worked at UBS full-time (More than 5 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Used to have Great people in technology. Been in other big banks no where it matches what UBS had in 2007-2008.

    Cons

    Post 2012 IT is complete mess, Fixed income managers who are in Equities now just made this place hell.

    Advice to Management

    When you restructure one department make sure it does not impact other business lines in IT. Just because some got promoted to MDs during fake Fixed Income billions they just dont qualify to run Equities which is far more competitive business compared to cowboy style Fixed Income IT. Now after winding Fixed Income portfolio's you made those heading FI IT as head of equities they just scared good people out and now you have no one to run your show.

  6. Average Corporate Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Graduate Trainee in Stamford, CT
    Former Employee - Graduate Trainee in Stamford, CT

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

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

    Pros

    Fair compensation, great focus on new employees

    Cons

    force you to work where they want you to work

    Advice to Management

    give more power to the employees

  7. didn't too a whole lot

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - UBS Wealth Management Intern in Stamford, CT
    Former Intern - UBS Wealth Management Intern in Stamford, CT

    I worked at UBS as an intern (Less than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    very easy, research essentially makes all your decisions for you

    Cons

    no room for creativity or initiative

    Advice to Management

    develop a better training program

  8. Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Analyst in Hartford, CT
    Current Intern - Analyst in Hartford, CT

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    I really enjoyed the people I met there and the great network that was brought with it. Location and management were also superb.

    Cons

    There really aren't too many negative aspects of working at UBS. People are smart, work hard, and managers don't micromanage. Hours can occasionally be long.. but it's the nature of the game.

    Advice to Management

    Keep up the good work!

  9. Good work-life balance

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

    I have been working at UBS full-time (More than a year)

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

    Pros

    The work-life balance is good, good bunch of people to work with. Had a good hiring process so perms are people you can respect.

    Cons

    Far too much emphasis on cheap outsourcing. Little apparent interest in building good pipeline of perm staff. I think for all perms (working with outsource guys) the job is more about managing poor junior staff and less about doing the job.

    Advice to Management

    Try focussing on quality, not quantity.

  10. Helpful (1)

    Good opportunity to rotate through jobs every few years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Director Project Manager in Stamford, CT
    Former Employee - Associate Director Project Manager in Stamford, CT

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

    Pros

    The firm has really good benefits, now that they moved to Windows 7 - it is really easy to get the software to make your job easier. The people are fun even when working their butts off. Fun to work with people globally.

    Cons

    There are less promotions available, lots of change currently due to restructuring, many roles are being downsized, outsourced or near shored to TN. I have found that the managers just expect you to get the work done no matter the hours you need to put in for the day..

  11. Not going well at the moment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst, Investment Banking in Stamford, CT
    Current Employee - Financial Analyst, Investment Banking in Stamford, CT

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

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

    Pros

    relaxed working environment. people can be friendly.. but not always

    Cons

    everything else..low career opportunities. Low upper management guidance

    Advice to Management

    ...

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