UBS Reviews

Updated April 22, 2015
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3.5
67 Reviews
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UBS Group CEO Sergio P. Ermotti
Sergio P. Ermotti
24 Ratings

67 Employee Reviews

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  1. Senior Portfolio Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Zürich (Switzerland)
    Current Employee - Anonymous Employee in Zürich (Switzerland)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good Base Pay and Pension Fund. Global Footprint with very international work force.Very strong Wealth Management platform but weak Investment Bank.

    Cons

    Highly political. Forced Ranking employee evaluation system leads to everybody compeeting with each other. 20% of your peer group (by rank) has to get a 4 or 5 mark (1 being the best). Two times 4 and u are fired. This is actively used to get rid of people. Also you better get out before you are approaching 50 as those people are dumped by the truck load as well (to expensive given Swiss pension system). Loads of legacy issues from past 'sins' eat up big part of the groups profits in fines year by year with no end in sight. As a result relentless cost cutting and outsourcing

    Advice to Management

    Become a bit more Swiss and less Anglosaxon in culture.

  2. Helpful (1)

    Little fish in a big pond but room to develop and network within company.

    • Comp & Benefits
    • Work/Life Balance
    Current Employee - Anonymous Employee in Zürich (Switzerland)
    Current Employee - Anonymous Employee in Zürich (Switzerland)

    I have been working at UBS

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Network, benefit from large range of services and expertise, possibility to change within the company, work life balance.

    Cons

    Less room to develop / career development. Political obstacles.

  3. A good place to develop at

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Director in Zürich (Switzerland)
    Current Employee - Associate Director in Zürich (Switzerland)

    I have been working at UBS

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Lots of opportunities within the firm, great cimpensation, good culture which has been changing in the last years.

    Cons

    Lots of changes at the moment.

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  5. Helpful (1)

    Disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Director - IT in Zürich (Switzerland)
    Current Employee - Associate Director - IT in Zürich (Switzerland)

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

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

    Pros

    Good compensation. good work culture, depending on the department and team, many hard-working, talented colleagues.

    Cons

    Highly political and hierarchal, high pressure from senior management, lack of career development options, unless one is young or a graduate trainee, heavy workloads, aging IT infrastructure causes continuous problems, endless outsourcing and offshoring in IT and organizational changes creating chaos.

    Advice to Management

    Focus on developing the talent you already have, get rid of the forced rankings system you use to measure performance. It is degrading and demotivating to talented hard-working employees and destructive to the morale of any team. Microsoft, GE and many other companies have already abandoned this outdated system. Industrialization is doomed to fail.

  6. Helpful (1)

    Various roles

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Management in Zürich (Switzerland)
    Current Employee - Business Management in Zürich (Switzerland)

    I have been working at UBS full-time (More than 8 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Collaborative, global, diverse, culture and history, challenging problems to solve, lots of change work to keep profitable and meet strategy

    Cons

    Extreme cost focus, quick to cut costs but slow to invest, bureaucratic slow in making decisions, inefficient

  7. Helpful (1)

    Nice team, strange company spirit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Editor in Zürich (Switzerland)
    Current Employee - Editor in Zürich (Switzerland)

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

    Pros

    Salary is def. above average...

    Cons

    Tasks were not demanding enough

    Advice to Management

    Don't let people go because they're bored out. Use your resources

  8. Helpful (1)

    Long term employee has seen the ups and downs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Zürich (Switzerland)
    Current Employee - Anonymous Employee in Zürich (Switzerland)

    I have been working at UBS

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexible work schedule depending on role and direct line management. Training and growth opportunities if employee drives those efforts for their managers. Many smart and nice people still on board trying to foster a good work environment. CEO and leadership teams are making efforts to evolve the culture but this will take years.

    Cons

    Financial services isn't what it used to be. Spending at all levels and for some 'basics' (replacing worn furnishings at branches, consistent incentives for junior level employees) are being dispensed with. Off shoring model will prove only partially successful as it doesn't suit the industry service expectations - at the cost of the loss of legacy knowledge and expensive consultant-minded senior hires who are not invested in the success of the firm, rather their own CV building. Middle managers are no longer invested in building their teams as they, too, are afraid for their own security and have devolved to self-survival.

    Advice to Management

    Train managers how to manage people. Throw money at those training programs and make it mandatory to attend. Staff appropriately until new processes are proven successful, rather than on the project plan time line. Get on the ground and talk to your 60,000 people. Communications teams are doing a great job upgrading our intranet but the ivory tower serves no one at this time in our history.

  9. Helpful (1)

    Great experience in top Wealth Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - UBS Wealth Management Intern in Zürich (Switzerland)
    Current Employee - UBS Wealth Management Intern in Zürich (Switzerland)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    International team, multi-faceted work with access to many resources. Many opportunities for further advancement internally. Good work culture, very open-minded and warm people to work with.

    Cons

    Lack of communication between teams - rigid mindset. Pressure from regulations strong. IT somewhat outdated, both hardware and software needs serious rethinking.

  10. Helpful (1)

    Equity Strategist Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Equity Strategist in Zürich (Switzerland)
    Former Intern - Equity Strategist in Zürich (Switzerland)

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

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work-life balance. Job fairly limited due to the restrictions from the Swiss gorvernment, 42H a week.
    Relaxed and helpful environment.
    Competitive intern salary (and good starting salary for graduates).
    Gives a broad based exposure to the asset management industry.

    Cons

    Not a structured program and little exposure to other intern events.
    Don't have a graduate program within asset management that one can get an offer to.

  11. Very good bank and good ppl

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Advisor in Zürich (Switzerland)
    Former Employee - Client Advisor in Zürich (Switzerland)

    I worked at UBS full-time (More than 8 years)

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

    Pros

    Great products and global presence. UBS is a good bank for all kinds of clients from affluent to UHNW with its wealth mgmt and private banking.

    Cons

    Very big organisation and therefore very bureaucratic and not flexible for special requests. Risk averse

    Advice to Management

    push more young ppl

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