UBS Reviews in City of London, England | Glassdoor

UBS City of London Reviews

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City of London, England (UK)

5.0
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Recommend to a friend
Approve of CEO
UBS Group CEO Sergio P. Ermotti
Sergio P. Ermotti
2 Ratings

19 Employee Reviews

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Pros
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More Pros and Cons

  1. Helpful (2)

    "Great company to work for! Strong values and strong brand."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Apprentice in City of London, England (UK)
    Current Employee - Apprentice in City of London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Company values are part of the strong culture within the company, everyone works towards the common goal to succeed and make UBS great.

    Cons

    Work life balance can be somewhat difficult, but otherwise none, a very rewarding place to work for. I'm truly grateful!


  2. "Play the game and you will go far !"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Middle Office in City of London, England (UK)
    Former Employee - Middle Office in City of London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Lots of opportunity to move, and if you play the game you can progress. Probably the best place I have worked for training and courses and if you want to take on more work they will heap it on you, but you have to perform, and as long as you fit the profile you will go far.

    Cons

    Its all about playing the game @ UBS. You make the right noises to the right people you will go far. They take you for granted after a year or two so if you haven't been promoted or looked after in that time I would say move on. This was probably the worst firm I have seen for management self promotion, and people being entirely self motivated for their own gain and to hell with everyone else.

    Advice to Management

    Care less about your own interests and more about the people at the bottom of the pyramid. Thats why it all went wrong. You let lots of people go who were some of the best I have worked with over promotions/payrises and you employed inferior people on higher salaries. Bad management.

  3. Helpful (1)

    "Bit like a country club"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Product Control in City of London, England (UK)
    Current Contractor - Product Control in City of London, England (UK)
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at UBS as a contractor (Less than a year)

    Pros

    Very laid back. Seems over resourced compared to competitors

    Cons

    Lots of MDs and EDs, therefore little scope for making a real impact at VP/Director level. Too top heavy.

    Advice to Management

    Trim some fat from the top


  4. "Lack of leadership and massive bureaucracy leads to paralyzed IT Operations teams."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director - IT in City of London, England (UK)
    Former Employee - Director - IT in City of London, England (UK)
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at UBS full-time (More than a year)

    Pros

    Nice people, pretty good culture, active in local community.

    Cons

    The nice side covers quite a lot of back-stabbing and character assassination. Also, the lack of strong, clear vision and leadership results in a paralyzed work force, not just in IT but throughout the Bank.

    Advice to Management

    Cut the red tape, get a vision that is strong internally as well as externally, focus on your leaders to explain to every employee how their daily work supports the vision, and get some decent leadership in there somewhere, not just management. Spend some bloody money, too!!


  5. "Low growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in City of London, England (UK)
    Current Employee - Anonymous Employee in City of London, England (UK)
    No opinion of CEO

    Pros

    Large firm, fairly open and mgt are ok

    Cons

    Low prospects with pressure but no compensation. Some people lack respect.

    Advice to Management

    Need to invest in future


  6. "It is a good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern At IT FICC in City of London, England (UK)
    Current Employee - Intern At IT FICC in City of London, England (UK)
    Recommends
    No opinion of CEO

    Pros

    - well organised program
    - a lot of constructive feedback
    - good work-life balance

    Cons

    - awful coffee
    - some internal processes are not optimized

    Advice to Management

    more focus on delivering solutions to clients


  7. "Life changing"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in City of London, England (UK)
    Current Employee - Director in City of London, England (UK)
    Recommends
    No opinion of CEO

    Pros

    Opportunities to succeed are there if you have the right attiude. Have been able to try a few different things whch is motivating.

    Cons

    Current issues are applicable to industry in general, but always being pushed to do more with less. Sometimes the less is just not enough.

  8. "good very good"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - BDM in City of London, England (UK)
    Former Employee - BDM in City of London, England (UK)
    Recommends
    Approves of CEO

    Pros

    cool place to be in right people right work ethics

    Cons

    nothing much a good place to work if you can keep up with the hours


  9. Helpful (1)

    "Marvellous and eye-opening"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in City of London, England (UK)
    Current Employee - Anonymous Employee in City of London, England (UK)
    Recommends
    Approves of CEO

    Pros

    The advocacy for work-life balance is astounding, especially when compared to my erstwhile employer (IB division in a commercial banking behemoth). Front-to-back systems is top-notch, meaning analysts / controllers can go about doing their proper jobs and value-add, rather than do systems patch work.
    Also, the organisation flow is very flat - and there is great openness and direct conversations had on many a subject (hence, little risk for corporate, interneccine toxicity)

    Cons

    Very calm. Almost too calm. Then again, that's not an issue now, is it??

    Advice to Management

    Keep up the good work!


  10. "Things getting worse working hours wise / promotion wise"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Unit Control in City of London, England (UK)
    Current Employee - Business Unit Control in City of London, England (UK)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Used to be a nice relaxed place to work with good working hours, people were highly skilled. Promotions were more transparent and more fair. There were many internal promotions in the past.

    Cons

    Pay has always been below par at UBS, but other things in the past (such as working hours) were making up for that. Working hours have increased by about 1 to 1.5 hours in Finance during the last five years (mainly last two years). THERE IS A NEW PROMOTION POLICY. Job titles such as AD, Director are more a recognition of competence - it has always been possible for a specilist with not a single diect report to become a Director for example. So promotion never meant that you are now a boss - it has always been just a recognition of competence and in the past EACH INDIVIDUAL WAS ASSESSED on his own merits. They have now introduced a NEW POLICY. Each individual is ranked against a cohort of others of the same rank. Top 10% deemed outstanding, another 20% Excellent, 40% good, 20% Need Improvements, 10% Very bad performance. New joiners are making into the middle - as would not be fair to hit them with any other rating. So existing staff have an almost 50% chance of being deemed underperforming. SELECTION INTO TOP CATEGORIES is often done on the basis of being boss's drinking buddy. Even if you make it into excellent one year, next year they might well stick you into underperformer as previous years' "undeperformers" will leave and new joiners will occupy the middle slot. Oh yes and unless consistently rated excellent (compared to others) no chance of promotion.

    Advice to Management

    There are too many academic failures in senior and mid ranking positions with no vald degrees leading even very technical teams that drag similat rubbish to the top based on drinks. Need to clean up on middle and senior management. Need to return to the previous promotions and assessment system.


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