UBS reviews

3.7

72% would recommend to a friend

(14,544 total reviews)
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Sergio P. Ermotti

84% approve of CEO

62% positive business outlook

UBS has an employee rating of 3.7 out of 5 stars, based on 14,544 company reviews on Glassdoor which indicates that most employees have a good working experience there. The UBS employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

15K reviews
1.0
Aug 27, 2019
Recommend
CEO approval
Business Outlook

Pros

1. UBS brand name, people assume you're a big-time financial advisor (but your not) 2. Young team, most people here are straight out of school in their early 20s so it's fun to work here if you're young and energetic. 3. Work/life balance: you work on an 8hr shift; no overtime. 4. A good place to start and get licensed if you have no financial background.

Cons

1. No Growth. The whole team basically handles small accounts or garbage accounts that '' real'' UBS advisors don't want. You don't own your own book and you can't get new clients on your own. The only clients you're allowed to service and do business with are the small/ garbage accounts mentioned earlier. 2. High turn over rate: Because of the first reason, turn over rate here is one of the highest in UBS. Not a lot of people work here for over two years. 3. NOT a finance job: Most financial advisors here have no finance background or basic knowledge of finance or economics. And that goes for most sales managers here as well. Because all they want you to do is to sell managed portfolios and nothing else (this is the only way you get paid). It's kind of ridiculous because how in the world a recent college grad with a non-finance related degree is going to help clients make some of the most important financial decisions? 4. Lack of diversity: 90% white male. No female or minority in management. Frat house environment, you have to be boys with your manager and drink the kool-aid to be promoted, personal performance doesn't really matter. Ladies thinking about working here? You will be one of the 5 female FAs working here among 50+ twenty-year-old guys. Just imagine that... 5. Nepotism: I don't think this is a big surprise for most banks, but this place takes it to a whole new level. You'll be working with a lot of senior management's kid here because of an inter-generation program they have, and these kids can do anything they want with no repercussion. They can miss their sales gaol and still take vacations to Europe. And at the end of the day, they will still get promoted ahead of everyone. I've personally seen these kids got promoted ahead of a team's number one performer and sales managers are afraid of confronting them. 6. Mediocre pay- base salary is 50k plus bonus, normally after 1.5 -2 years you'll get promoted to a more premium team earning 60k base. However, bonuses are taxed heavily so you're not putting that much in your pocket. For the amount of $ you're bringing in and products you sold, it's really not that much... 7. Low morale: morale used to be okay... after a lot of good managers left, morale is at its lowest. They also changed the way advisors get paid so it's harder to get your bonuses now. At a team meeting, they even asked to rank our morale from 1-10, and no one scored more than a 4.

1.0
Nov 7, 2023
Recommend
CEO approval
Business Outlook

Pros

Absolutely nothing about working here is good. The only pros working in the investment bank was getting 25% off he lunches during the week and by the way there's not even a cafeteria in the building you eat at your desk.

Cons

Technology is downright terrible, none of the systems work No cafeteria- you sit behind three computer screens and eat at your desk No work/life balance at all worked throughout the weekends. They do not value you as a person, you are a number to them. Layoffs- Senior Management/ everyone else is there to protect themselves trust absolutely no one. I lost about 5-6 colleagues with zero heads up and they were never replaced. Minimal team bonding activities outside the office, been here for 3 years and have had 3 happy hours which I paid for Promotions are only year end, you can take on alot more responsibilities throughout the year and will not be compensated for it. Bonuses are an absolute joke

2.0
Jan 11, 2023
Recommend
CEO approval
Business Outlook

Pros

I met quite a few lovely people here that I continue to remain in contact with.

Cons

The cons far outnumber the pros. I wrote an honest review of how seriously awful this company's culture is, but was asked to remove some language. So, in short. If you're a female-identifying EA. Stay far away. The culture is heavily male-dominated, and misogynistic. The male bankers huddle together like they are in a locker room, and make sexist jokes. They will ask to take you out for drinks, and then ignore you like a child if you turn them down. As a woman, it was uncomfortable sitting at my desk with a group of man babies talking about their latest sex exploits. Make no mistake, if you're working with a banker from UBS, he's probably a "not nice person". Don't be fooled by their "phone" voices. Once they hang up, they will and do make fun of you. It's locker room talk to the extreme. There are very racist people who work here. But don't go to HR, because they won't do anything about it. They will chalk it up to differences in personalities, or sense of humor, or being too "progressive" for the company. They only contract EAs, which you won't know until you've been there too long. That means hourly, no benefits - full-time. You will most likely do the work of your co-workers if you're a younger EA because the ones who have been there a long time aren't afraid they will lose their jobs (they won't) - so they sit there on their phones all day, while you do their jobs. They also have nasty attitudes, and generally seem to dislike everything. I watched as myself and other "temps" or "contractors" were drowning in work, and being sent nasty emails, or worse - had to sit next to these people all day. The workload I had was incredibly unequal, and none of the management cared that all of the EA contractors were working their tails off for ungracious, rude bankers who were condescending while pulling the weight of the older EAs who did nothing. They would actually defend them. Why? I don't know. I could write more, but you get the point. Stay far away from this place.

Viewing 10 - 12 of 14,544 Reviews

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