UBS Reviews in Chicago, IL | Glassdoor

UBS Chicago Reviews

Updated May 21, 2017
83 reviews

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Chicago, IL Area

3.3
StarStarStarStarStar
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Approve of CEO
UBS Group CEO Sergio P. Ermotti
Sergio P. Ermotti
14 Ratings

83 Employee Reviews

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Pros
Cons
  • Work life balance completely eroded during my time there (in 90 reviews)

  • Long hours, long commute, low pay (in 101 reviews)

More Pros and Cons

  1. Helpful (1)

    "Private Wealth Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Private Wealth Advisor in Chicago, IL
    Current Employee - Private Wealth Advisor in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great private wealth platform and bank will provide all the resources you need to be successful in this business. Highly motivated employees. Best compensation on the street .

    Cons

    Alts platform could be better. Only lending they will provide is against clients current assets. Miss out on a lot of biz dev opportunities by not having a commercial bank. technology is also years behind other banks.

    Advice to Management

    spend more money on training recruits. update technology.


  2. Helpful (1)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Largest global private bank. Decent advisor technology system

    Cons

    Lots of regulatory black eyes

  3. "Inconsistent Management"

    StarStarStarStarStar
    Current Employee - Registered Client Service Associate in Northbrook, IL
    Current Employee - Registered Client Service Associate in Northbrook, IL
    Doesn't Recommend

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

    Pros

    Nice co-workers. Good benefits

    Cons

    3 managers in 3 years. Very inconsistent leadership

    Advice to Management

    Pare down the managers and offer more resources to teams


  4. "ETD Operations Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - ETD Operations Manager in Chicago, IL
    Current Employee - ETD Operations Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Large company that can provide opportunities if you're willing to relocate or work in a major marketplace for them. well known name in Financial Services

    Cons

    extreme downsizing within last 5-7 years. Constantly looking for additional head count reductions. large disparities between non-producing front office personnel and operations teams supporting business. Lack of IT budget makes it difficult to get needed changes completed.


  5. "Computer Technician"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Computer Technician in Chicago, IL
    Former Contractor - Computer Technician in Chicago, IL
    Recommends
    Positive Outlook

    I worked at UBS as a contractor (More than a year)

    Pros

    Very good place to work

    Cons

    Very good place to grow

    Advice to Management

    nice management


  6. "Overall Thoughts"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Director in Chicago, IL
    Current Employee - Executive Director in Chicago, IL
    Recommends
    Negative Outlook

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

    Pros

    Good people, work from home flexibility, limited micro-management

    Cons

    Leadership shortage, asset-gathering challenges, global model complexities


  7. "Administrative Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Former Contractor - Anonymous Contractor in Chicago, IL
    Former Contractor - Anonymous Contractor in Chicago, IL
    Recommends

    I worked at UBS as a contractor (More than a year)

    Pros

    Very nice professional people and atmosphere. Made me feel very welcome. My bosses were very positive and helpful. The building had a terrific cafeteria.

    Cons

    Had some days with not enough to do. Incoming boss that I felt was a bit too aggressive for my liking.

  8. Helpful (1)

    "Great company, good people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Analyst in Chicago, IL
    Current Employee - Data Analyst in Chicago, IL
    Recommends
    Neutral Outlook

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

    Pros

    Intellectually challenging environment. A lot of acute and competent colleagues. Great work/life balance.

    Cons

    Health benefits have degraded.

    Advice to Management

    Talk to your employees to understand their needs and professional goals.


  9. Helpful (2)

    "Solid, dependable, reliable, and about as nimble as a young tank."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Systems Administrator in Evanston, IL
    Current Employee - Systems Administrator in Evanston, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Very solid pay and benefits, European time-off policies, and tremendous stability

    Cons

    Corporate inertia, upward career advancement is hard to accomplish, especially if you are not located in one of the core locations.


  10. Helpful (6)

    "Please avoid UBS Asset Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    I hope to keep in touch with some of my coworkers for the entirety of my career. They have provided me with a wealth of industry knowledge, friendship, and hundreds of laughs. I will remember the company events and bizarre moments I shared with great coworkers.

    Cons

    UBS Asset Management is a San Andreas Fault of systemic issues.

    The dysfunction is unlike anywhere I have ever experienced in my entire life. There's a terrifyingly large portion of the office that still believes it's 2007. There are no consequences for an employee breaking protocol. You’d be more likely to get fired for wearing shorts on casual Friday than for losing the company money. There have been significant cost cutbacks to make the appearance of being a responsible and forward thinking member of the banking community. The cuts have hit bone in certain departments. It’s not feasible to do any job effectively or accurately.

    Some business essential software hasn’t been updated since before the recession. You’ll use your talents to surmount these shortcomings and implement process improvements with what you have. The condescending executives, will make careless and disturbing mistakes habitually. You’ll put their confusingly immature attitudes aside and work with them anyway. You’ll even show them how to operate their own trading platforms. You’ll be rewarded at the end of the year by a conversation such as “I know UBS made $5 billion this year but you won't be seeing any of that. It’s not how it works here.”

    You’ll put this aside and work even harder the next year, motivated by what you think will be a one-time disappointment. You’ve held the pieces, figuratively and literally, together for a little longer. Your mental and physical health have declined. Your friends and family will “hardly recognize” you.

    Another year has passed. There are now permanent and complex issues fixed due to your hard work and creativity. “This is it, UBS will finally show me that it values me as an employee”, you say.

    Last year’s disappointments have taught you to manage expectations. With a little luck, you’ll get a small promotion or a small raise. Heck, even a cost of living adjustment will be enough to keep you going.

    Your review begins with a manager who you haven’t seen in the office for six months. The conversation begins, “I know UBS made $6 billion this year but you won't be seeing any of that. It’s not how it works here.”

    If only I had listened to that Glassdoor review from years ago.

    Advice to Management

    Please stop squandering money on hiring Annie Leibowitz to produce company propaganda. Please stop making awkward TV commercials about how UBS wants to answer all of your life’s questions. Give your employees the resources they need to provide a perfect product every time for the client. Don’t tell your clients you are the best. Let your work speak for you.


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