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UBS is the worst BB on the street (no offense) and their SA-FT conversion rate is terrible.
Interview, get the offer, and renege. Sure, it's not ethical -- but neither is handing 20% of SAs FT offers.
I wouldn't renege. Since you already accepted their offer, you should honor your commitment and go through OCR for FT, if you want to switch BB's at that time.
Just my $.02
I wouldn't go to the interview. The industry is very small. The last thing you would want is for it to get back to UBS that you're interviewing at other firms when you already accepted their offer. Then, you could lose UBS's offer and the offer at the bank you're interviewing with, and burned bridges.
I think it really depends on how good you think you are (and I mean an objective, no BS assessment of yourself). If you think you'll manage to get that offer at the top BB, and that's a big if, then the payoff might be worth it for you. There is limited upside and tons of downside to trying this, however. I would just go into the UBS SA stint with the mindset that this is not where you want to work FT, crank hard, and position yourself aggressively for accelerated FT recruiting at other banks in the fall.
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