Middle management is absolutely crap.
They are always on the go to new project (i.e. often pre-run processes or systems or business approach in other institutions or industries) and they will always need to have an extremely formalized approach that takes for ever as mid-mgt does not decide anything...At the first hick-up, they would stop everything and find someone to blaim (usually the very last one in the chain who has no clue whats going on)...lots of evil people and cowards on top of it ...plus no vision at all... many bankers who have less knowledge than beginners sometimes.. (many people managing something they reaaaally dont understand and just try to compensate with communication - meant wind here - ridiculous indeed)
As a consequence, absolutely no people management or career enhancement...
UBS good at personal marketing, good at talking about innovation but not open to change through innovation and hence killing in the eggs is a 'national sport'
Hiring process: they want best of the best, launching job description that more than 80% or UBS employees cant even dream about accomplishing it once in their life...so they pay at high rate and later, once you are in, either you've got a very musculous tongue or you are off the page
UBS is doing good in business at the moment, but this does not impact yet career development (horizontally, vertically and/or geographically)
