Loyalty Tax - Compliance UBS Employee Review

2.0
Apr 9, 2021
Recommend
CEO approval
Business Outlook

Pros

Flexibility, even pre-COVID, offered flexible work arrangements and permitted WFM at least a day or two a week.

Cons

Salary -- They DO NOT give raises, not even basic cost of living adjustments, unless you actually go up in rank - which is nearly impossible once you get to the Director level. This means you can go literally 10 years without a raise. It's known as the UBS loyalty tax. While they actually have a team called "FA Recruiting AND RETENTION". they unfortunately don't care much about retaining any other talent. Add to that, they are not backfilling jobs as people leave, so the work load is just astronomical and unmanageable. Unless you negotiate a big starting salary and are content with staying at that rate for years -- stay away. Also - while the senior most management is decent, they basically promote whoever based on "accomplishments" - without regard for whether they have any business managing people. Not everyone who is good at an individual contributor role belongs in management.

Explore other reviews about UBS

5.0
Feb 5, 2026
Recommend
CEO approval
Business Outlook

Pros

work life balance was a priority on the team i was on.

Cons

there should be more emphasis on retaining talent

4.0
Jun 1, 2026
Recommend
CEO approval
Business Outlook

Pros

I really enjoyed the office, the culture was great. Professional but relaxed. Opportunities are available if you want to advance.

Cons

It really depended on which team you were put on, I enjoyed working with my FAs. Base pay was not particularly high and it was up to the FAs to add any compensation. Some do and some don't.

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