UBS

  www.ubs.com
  www.ubs.com

UBS Reviews

Updated December 22, 2014
Updated December 22, 2014
1,446 Reviews
3.4
1,446 Reviews
Rating Trends

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

Review Highlights

Pros
  • THe work life balance is good but might get stressed during the deal season (in 152 reviews)

  • Work environment is friendly, co worrkers always helpful and management always involved (in 80 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

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Cheapest Financial Institution

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

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

    Pros

    From the past 1 year, nothing to add.

    Cons

    - They are cheapest in terms of compensation and bonus among their competitors. I mean it, you can compare their salaries with either banks on the glass door for yourself.
    - Lot of people have listed work-life balance as a pro, but in reality because of low morale in the bank very few are willing to work more than 9-5.
    - There is no job security in the bank as they are either slashing the jobs to overseas or moving them to low cost locations with a 20% pay-cut.
    - Their short strategy is just to cut cost even at the expense of low-quality work which seems to be working for now, but will definitely hunt them in the future
    - They do not negotiate salary for new-comers at any cost and for new joiners its really a mess in the bank right now due to frequent structural changes
    - They have even increased the cost of chips and cookies in the vending machine by .25 cents which is already overpriced, have a very low quality coffee which is not drinkable, have reduced fax machines/ printers and trying to make profit put of everything.
    - HR is worthless and non-existent in the bank
    - They had a employee survey and when the results were out, they seemed to have inflated it, but even those results clearly indicated employee satisfaction and enthusiasm was very very low.

    Advice to ManagementAdvice

    Do some research on compensation being paid by other banks out there. Learn to treat your employees with respect or you would continue to have a high turnover of employees you are seeing currently.
    Also, hiring a new employees and training them incurs cost, and with such high a turnover the training and other in-tangible cost also increases. I hope you would see a room for cost saving here as well

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 4 people found this helpful  

    Rollercoaster

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

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

    Pros

    Really smart people who are passionate about solving clients' problems
    Select teams have a great vibe and are really fun to work with
    Ability to learn a lot about global financial services

    Cons

    Extremely political, resulting in too many poor managers
    Antiquated technology for most of firm. Some teams don't know who their top 10 clients are
    Except for Financial Advisors, your bonus compensation is 100% correlated to how well politically positioned your group head is, regardless of your performance output. When I had a good group head, I got paid extremely well, even in the bad Wall Street years. When I had a bad group head, my bonus wasn't even 10% of a good year even though my output was at the highest level
    Slow to move. Too indecisive about the type of firm they are and what on their platform truly benefits clients
    HR function is basically non existent
    Difficult to move around and get a well-rounded financial services experience - leads to few to no executives who are positioned to run such a large organization
    Way too much turnover, and not of the people who need to go

    Advice to ManagementAdvice

    Invest in your systems and your people.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    Financial Advisor

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at UBS

    Pros

    Excellent financial planning tools, CRM system, research capabilities, sales ideas, team building

    Cons

    All about assets under management and supporting the "big producers." Minimal support for life/annuity business.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    UBS provided great training and excellent guidance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Washington, DC
    Former Employee - Intern in Washington, DC

    I worked at UBS as an intern (less than an year)

    Pros

    Staff was friendly, senior management team was very supportive. Definitely significant opportunity for advancement.

    Cons

    Very high turnover rate and could have a more structured analyst program. The financial services industry has ups and down and i get that the cyclial nature of the industry probably had an effect.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great internship

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

    I worked at UBS as an intern (less than an year)

    Pros

    Worked for a group of FA's and they treated me very well. Great knowledge and willing to teach. Great learning experience.

    Cons

    No compensation or benefits. No outside exposure.

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    UBS, Boiler Room atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Client Service Associate in Los Angeles, CA
    Former Employee - Registered Client Service Associate in Los Angeles, CA

    I worked at UBS

    Pros

    Job in Finance. Sponsor for registration.

    Cons

    Cheapest company on wallstreet. Chopshop environment. No culture, feels like multi-level marketing

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 2 people found this helpful  

    Horrible Management

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

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

    Pros

    none none none none none

    Cons

    Losing $50b on one trade says it all.

    Advice to ManagementAdvice

    The organization is broken from top.

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

    Systems Admin

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

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

    Pros

    Great Benefits. Decent work/life balance promoted by human resources department.

    Cons

    Due to downsizing a stressful environment was created by having employees always looking over their shoulder awaiting the layoff call. Annoying knowing that the Company seemed to be placed in a bad light for inappropriate behavior a few too many times.

  10. 1 person found this helpful  

    Lack of direction

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

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

    Pros

    global firm, with strong expertise in wealth management

    Cons

    The IB is suffering from strong regulation, high capital charges and new strategy focused on WM. Fixed income is dying. Only Equities or WM will survive.

    Advice to ManagementAdvice

    Stop making cuts in control functions like risk management. The bank will suffer in the future as a result of poor manament decisions and cost cuting emphasis.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    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)

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    Approves of CEO

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