Pros
Strong reputation. Lots of in-house support (HR, gym, mental health, networks etc). Flexible for a finacial firm (late mornings/early leave as required, work from home etc.). Attracts lots of truly motivated and hard working people.
Cons
Compensation/pay is a joke - once they have you, you have to fight for every penny increase and bonus, and constantly have to prove yourself. Despite talking a lot about young talent and innovation, management are extremely sluggish to change and terrible at talent retention. The younger, more talented employees come and go constantly. They encourage a 'challenge' culture, yet I've never experienced anything less than hostility whenever I challenged status quo. A problem I'm sure typical of many big banks/firms: it's tough for women to rise and get the respect that men receive. Again, UBS make a big show of valuing women in the workplace, but I have experienced and witnessed quite the opposite on many occasions. Including several issues that were escalted through HR by colleagues and resulted in disciplinary action. I was at UBS for 5 years, and was still having the same meetings about the same challenges and issues throughout. How does this place function? The peer review system is not only excruciating, but worthless and meaningless. IT systems are archaic, as are processes, again likely due to the lack of youth and capacity for creativity in the firm.