UBS

www.ubs.com
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Employee Reviews

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  1.  

    Streamlined Wealth Management firm

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

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

    Pros

    Nimble, not as large as the other Wealth Management firms.

    Cons

    Technology needs to be upgraded

    Recommends
    Positive Outlook
  2.  

    Director

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

    I have been working at UBS

    Pros

    It's a great working environment.

    Cons

    None that I Can think of.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good Company but Poor Career Development

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

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

    Pros

    Leading technology
    Good teamwork
    Flexible working environment

    Cons

    poor career development
    limited training dollars
    limited promotion from with in

    Doesn't Recommend
    Neutral Outlook
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  5. 4 people found this helpful  

    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)

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Experience in HR

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

    I worked at UBS

    Pros

    Good culture, friendly colleagues, decent budget

    Cons

    Long hours, unrealistic expectations, risky to work in back office of any bank

    Advice to ManagementAdvice

    Be clear and consistent

    Recommends
    Neutral Outlook
  7.  

    A good place to be from...

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

    I have been working at UBS

    Pros

    Big enough to find an area of interest to work in

    Cons

    the new culture embodies outdated values of old Wall St, pay is substandard, many entrepreneurial staff leave due to being suffocated by bureaucratic management, interns generally are children of large customers or key employees.

    Advice to ManagementAdvice

    Merrill Lynch died for a reason...learn from that lesson

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Client service associate for 3 years

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

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

    Pros

    A lot of support from management. I worked in two different offices but got along with nearly everyone. They tend to hire very good people.

    Cons

    Not the best position for someone looking to advance their career

    Advice to ManagementAdvice

    Study what the rivals are soon and cherry pick the best practices

    Recommends
    Neutral Outlook
  9. 1 person found this helpful  

    Move around to different groups to maximize knowledge.

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

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

    Pros

    Ability to work from home, time off, work/life balance. You make your best salary deal walking through the door do make it a good one.

    Cons

    Operations moving to Nashville. Limited raises, bonuses and promotions. Recommend that you transfer into a new position every two years to maximize growth.

    Advice to ManagementAdvice

    Stop promoting non SMEs to low level management positions. Too many people reporting to managers that do not know how to run the group.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Can Be a Great or Horrible Experience

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

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

    Pros

    Progressive approach to infrastructure and software. Many companies are stuck in the past, keeping old systems alive even though they are outdated and problematic. UBS is at least trying to remain current. Or they were when last I was there.

    Cons

    Some amazingly bad middle managers with no regard for employees personal lives. If you get one of them expect to work until at least 7PM every day as well as be on call 24/7. Telecommuting is up to the individual managers are an all to great percentage of them are iron-fisted micro-managers so they do not allow it at all. Their approach to systems and software is at odds with their approach to people. I would not work there again.

    Advice to ManagementAdvice

    Do a better job of recognizing that just because someone is a great technician does not mean that they are a good manager.

    Doesn't Recommend
    Neutral Outlook
  11. 2 people found this helpful  

    Inconsistent strategy but always consistently chaotic - the worst career experience of my 20+ years as a professional.

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

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

    Pros

    You can make decent money if you have the correct rabbi as there is no adherence to the rules. Compensation is the biggest area where they play favorites. (I made a LOT of money there)

    Cons

    Always fearing that the ax is about to fall.

    Advice to ManagementAdvice

    Stop changing things constantly and causing morale to be so poor. Trust me, it's you - not everyone operates that way.

    Doesn't Recommend
    Neutral Outlook

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