UBS Reviews | Glassdoor

UBS Reviews

Updated July 23, 2017
3,140 reviews

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3.6
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UBS Group CEO Sergio P. Ermotti
Sergio P. Ermotti
847 Ratings

3,140 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. "A Global Firm with tremendous growth potential."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Manager in New York, NY
    Current Employee - Business Manager in New York, NY
    Recommends
    No opinion of CEO

    Pros

    Career Opportunities provided including global mobility opportunities. Work/Life Balance is recognized by management as a key necessity and is part of the culture. Tuition Reimbursement provides me a great opportunity to pursue my MBA part-time.

    Cons

    Morale is low right now. Leadership changes have been occurring frequently, along with constant re-organizations of departments within the Investment Bank, and department names. There are rumors of continual troubles, and articles in the press constantly which affect our image and the morale of employees. A lot of uncertainty right now.

    Advice to Management

    Stick to the business model of one integrated firm, which enabled UBS to grow and succeed in previous years.


  2. "Great place for junior bankers to learn and grow as professionals"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in New York, NY
    Current Employee - Investment Banking Analyst in New York, NY
    Recommends

    Pros

    Groups normally smaller so greater intimacy but with the resources (brand, human resources / knowledge sharing, production resources, etc) of a global bank

    Cons

    usual banking downsides - long hours, etc

    Advice to Management

    More feedback to junior bankers

  3. "UBS - Potentially Great, but needs more "Us" and less "You" within the organization."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    Pros

    The firm has a broad global reach with market-leading capabilities in almost all markets. If the firm's current restructuring efforts are effective in integrating all the disparate areas into One Firm, it will eventually provide a phenomenal platform within which to build a global career.

    Cons

    The One Firm integration has not yet been executed effectively, resulting in disparate appetities for and analysis of risk and innovation in different areas of the firm, creating frustration for many, and stimying some excellent business efforts while allowing other, less appropriate efforts to barrel forward unchecked (a la subprime). The difficulty of finding the "experts" in each area and the lack of a real, centralized knowledge base also makes it difficult to navigate beyond your area. However, these things are in development.

    Advice to Management

    Don't continue to acquire businesses and expand rapidly beyond your core business without understanding the risks and rewards of each business. Also, ensure that different businesses are integrated and able to share knowledge as much as possible.


  4. "UBS stay away for now!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accounting Manager in Weehawken, NJ
    Current Employee - Accounting Manager in Weehawken, NJ
    Disapproves of CEO

    Pros

    The work environment is good, people I interact with are very nice, down to earth and easy to communicate with. This includes co-workers as well as the business area I support.

    Cons

    UBS has been in the news lately and it hasn't been good news. There are a lot of changes, layoffs and management changes are happen almost regularly. Not the best place to work at this time. Due to cost savings initiatives, I feel like we are being nickel and dimed everywhere (cafeteria, ferry service in 2009, fitness facilities even ATM machines that were free). I feel communications is poor on a local level as well as higher firmwide level. Too to much politics.

    Advice to Management

    More meaningful communications with employees would be a good start, not BS town hall meetings where everything is great, UBS is doing well, gathering assets faster than competitors blah, blah blah. It doesn't sync with what's in the real news. We're all adults, tell is like it is.


  5. "Software Engineer having to use crap technologies and seeing friends and management laid off left and right"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Weehawken, NJ
    Former Employee - Software Engineer in Weehawken, NJ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Its better than unemployment, learn about the financial industry, and because people are laid off like crazy (5,000+ in the last year, including my boss's boss's boss), there is room for growth, if you don't get laid off.

    Cons

    Hours (70-80 hr shifts in the SUMMER- 8pm status meetings, working weekends, being called at 3am or so), Money stinks for your hours, incompetent management, terrible benefits, no job security at all, technology is antiquated (my group wanted to convert Java code to COBOL!!!), afraid to take risks with "new" (meaning technology 5 years old.. they are just barely using JSTL!) technology, people are rude, work to save themselves, not the company.. just a miserable place to work, raises/promotions are based on a rediculous system

    Advice to Management

    Treat employees fairly, have a better work-life ratio, don't use that rediculous system for raises when no manager grades the same, use new technologies, have better communication... better.. all of you guys quit and start the company over.


  6. "What used to be the world's greatest bank is now essentially a branch of Merrill Lynch and Smith Barney."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in La Jolla, CA
    Former Employee - Financial Advisor in La Jolla, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great benefits, used to have a decent brand image.

    Cons

    Brand image has suffered dramatically. They have hired too many Merrill Lynch and Smith Barney folks.

    Advice to Management

    None; there is no senior management around that I would recognize these days. However, due to the influx of "outsiders" in to the organization, there is no culture in this firm. This leads to a loss of vision and sense of purpose in the rank-and-file employees. This has a drastic negative impact when you are a service organization. Thinking differently is not encouraged at UBS due to the politics and personalities and that stifles development.


  7. "Run away."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Support Specialist in New York, NY
    Former Employee - IT Support Specialist in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Money, pay is good and turn over is high, so getting a job at UBS is fairly easy. If you want to be able to put a major international bank on your resume UBS is a good place to look. Employees are constantly leaving or shuffling about with in the company, especially in the technology and support areas.
    Pay was reasonable, I received healthy compensation despite having no college degree and little previous experience. Reasonable leeway was also give to me for occasionally working from home.
    The company goes out of its way be a very gay friendly environment, hosting pride celebrations and offering benefits to domestic partners.

    Cons

    The culture of greed and self importance, especially in the research department leads to ulcers and self loathing.
    In particular the Equities Research department is filled with a host of self important jerks who don't care about what anyone else has to do or say, only themselves. Supporting research analysts is one of the most thankless jobs I have ever had, and I've worked in the kitchen of a Mexican restaurant (not as a cook). I had doors slammed in my face, been yelled at because I couldn't complete a favor fast enough, and received little to no help from my direct superior in tracking down information or company policy and procedure even during my first few weeks.
    Working the trading floor is only slightly less pleasant, but only because traders don't have the time to be as nasty as the analysts.

    Advice to Management

    Better communication and more consideration for employees who aren't multi-millionaires would be a great idea. Try growing a backbone and standing up to the more powerful and lucrative employees.

  8. "UBS overview"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    No opinion of CEO

    Pros

    Reputation and learning opportunities within the organization

    Cons

    Long hours sometimes, but not too bad

    Advice to Management

    None


  9. "UBS a good place for bankers but not for IT people"

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

    Pros

    UBS really pays well compared to other industries. The brand is strong despite the trouble UBS is going through right now. The bank is a true global player, which you can feel in your daily work. You act with dozens of different nations and often work in truly global teams.

    Cons

    Over the years, I have seen a dramatic shift in how UBS treats IT. IT staff have become a kind of second class personnel who get less promoted, are often seen as "stupid" nerds and have little career progression if remaining in IT. UBS offers career support for bankers or people working in business teams. But there is no career planning for IT people anymore. For your IT career in UBS it’s more important in which country you work rather than how well you perform.

    Advice to Management

    Management should stop thinking it knows everything and can therefore make all decisions alone. Why so many business graduates in UBS believe they know everything about technology and therefore don't trust the expertise of their engineers (who spent years at universities as well)? UBS complains about not finding enough top engineers on the market. No wonder if there is little career opportunity left for those people. If UBS wants to find IT talents it needs to offer active careers and not only jobs.


  10. "Could do better"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in London, England (UK)
    Current Employee - Business Analyst in London, England (UK)
    Disapproves of CEO

    Pros

    Global reach and opportunities and encouragement towards job mobility

    Cons

    Poor financial reputation now and potential loss of clients

    Advice to Management

    Communicate - why do I hear about changes through Google Alerts not through internal comms?


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