UBS bonus thread
Bonus communication is tomorrow. I got mine with group head in the afternoon. Starting a thread to share info.
Keep it to confirmed info on bonuses - there are plenty of other threads to gossip about UBS
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Career Resources
Lines up with quarterly earnings which should help let us know early how it will go
Does anyone have numbers for Analysts?
Analyst comp is in the summer for analysts
Any idea what the bonuses were for An1 last year based on bucket? would love to get a sense of what An bonuses look like.
Bump
UBS just announced pretty good overall earnings and is launching an expanded share buyback program
i.e. spending its capital on shareholders and NOT on enriching or compensating bankers. Buckle up everyone gonna be a bloodbath I think.
Did they raid the bonus pool to simply piss away into a buyback?
Down more than 5%, not good…
ASO 1, coverage NY, mid bucket, $75k
.
WTF? How is an analyst 3/3 bonus higher?
I mean I'm not exactly happy about this either...
The honest answer probably is some groups are still heavy on ASOs, and a bunch of analysts who A2A'd here and stuck around made that even more so
Any idea if bonuses were drastically different between groups? Just curious since the opinion of WSO seems to imply that there is a very wide difference in deal flow amongst groups at the firm.
Probably not what you want to hear but that's not far off the other banks that have reported.
Wait it’s that low?
UBS probably still going to pay better than Bank of A
If Mid bucket is 40% of salary we are doomed
when does bonus gets paid out?
Feb 19 for US and new base takes effect Mar 1
More numbers please. London office mood seems okay
Numbers for juniors and VPs were above the street compared to other full-service banks that have come out so far for top bucket and below the street for the middle and bottom.
Pay the top and make everyone else resentful
UBS wants to retain some juniors and is paying accordingly. Top bucket analysts - VPs are a priority for the firm. As I have posted multiple times, UBS experiences will vary widely based on the group, and would be actively looking for jobs right now if in one of those groups that drastically underperformed.
I think it was a bit of a soft layoff for the bottom bucket people, the ranking + the underperformance of the bank in various key coverage groups should imply that bottom buckets juniors in those groups should look for a new job ASAP.
Middle bucket was not very below the street and certainly within range, but would guess some on the lower end of middle bucket in bad groups should also probably start looking for jobs, but in decent groups you should be fine.
Can anyone confirm that there were 0s?
This is true from what i have seen. Also the barclays laterals all got PAID.
‘
If it’s true that they got paid more it’s because Barclays laterals are BUILT DIFFERENT!
Its no surprise that the former Barclays bankers now at UBS are dominating. After all, Barclays has the best recruiting and training on the Street. It has nothing to do with the fact that they all just hired each other and got each other PAID no, no, that would be ridiculous. It’s simply that legacy UBS and CS bankers just aren’t built the same. The Barclays crew is out here making objective compensation decisions that just so happen to favor Barclays alumni. What a testament to the superior training at Barclays and remarkable lateral hiring strategy.
Front office team, global markets, London based
Associate Director
£24k bonus lmaaaaao actually dogshit (~25% of base)
Hey, sorry to hear that, could you say what your role is (even if vague) ? Just trying to get a grip of comp for different market roles…
Quant
bro is complaining abt gm comp like no shit lmao
Not my fault its in the investment bank. Half my team recently left for hedge funds for £££ which seems to be the play atm
ASO3 > VP promote
Regional Coverage
Top Bucket 80% base
London AD 65-70% Disappointing, although in line with numbers I have seen at Bofa, Lazard etc across the forum.
Would you mind letting me know what the base is for AD1, AD2, and D1?
Also, for the AD levels, does everyone in the same bucket at the same level receive the same bonus (regardless of the performance of the group)?
London quant AD is another story.... I saw some data points 10%/20%/30% for the mid bucket... so I don't know why this guy is disappointing lmaoooooo
if you are disappointing... look at those London quant ADs.... 30% for mid bucket..........................................
Never see so such bad morale on a bonus day at UBS
NO ONE is motivated to work right now. I know of several good people with good ratings with like 40% bonuses.
VPs are mad except a few top bucket people (and lets be honest, those are just the ones close to the group head).
EDs all got shafted and are angry (many zeros).
London or NYC?
I understand the range was 60-90% of base (mid to top buckets) for ADs - which seems quite aligned with Street?
Unless I don’t have enough datapoints from other teams?
thats such trash pay if thats street. IB is truly dying
UBS pay was roughly street when taking into account all buckets. Everyone has their bucket determined by group heads, so I do not get your point; seniors have a good sense of how juniors perform as they work under us. There are a bunch of things to complain about for UBS; bonus pay is not one of them especially given how terrible the franchise has performed.
Move to a boutique if you don't like the pay-for-top bucket at UBS as a junior, you won't get much better at other full-service banks.
I hear you but it doesn’t feel like a meritocracy now
NY Coverage
ASO3
225 base
215 bonus
Top bucket
That makes 1 of you. Hope you are happy that your high bonus came at the expense of many others
@Mods why did you remove the meme?
del
Those are Barclays Nepo numbers. Find the ASO3 that lateraled from Barclays
IB used to give out good bonuses to middle bucket folks. 100% plus bonuses. That was part of game, even the average performers (because lets be honest, most of the people on deal teams grinding ARE average) got paid.
Now.....just the top 15% get acceptable bonuses (and they are not even THAT big), and the bottom 85% get 40-60% of base.
Firms want to retain the top performers sure, but the rest of the floor hates being there as a result and doesnt feel incentivized to work 100 hours making a corp dev bonus.
It’s on you then to figure out who were the top bucket people are and try to undermine them at every turn
Not true at BofA - even top performers, except MDs and analysts, are paid abysmally.
From my understanding, this has been the case in IB for full-service banking in recent memory, except for freak years in 2020 and 2021. Part of why I am leaving to the buy-side is to at least get the potential of carry payment and bonuses that are higher than the BB life. My EB friends still get decent bonuses but the hours are also significantly more, think the buy-side is a happy medium in terms of comp + hours not to mention that it's more interesting imo.
you're in for a shock on work-life balance on the buyside. I have friends who are Principals in mid-market and megafunds who are still in the office until 11pm (just to go home to work more and work all weekend.)
Keep in mind that at the time the base was much lower. When the great resignation happened over Covid they had to put base salaries up and there were enough fees to pay good bonuses. Now the bonuses are down but TC is probably roughly flat - just with a better base/bonus mix from a risk perspective. They’re not actually solving for lower bonus, just for flat TC. And that’s been going on for a long time in banking and professional services more broadly
I'm still waiting for evidence that IB remains a viable path to wealth. This post ain't it
A banking VP+ is well within the top 1% of earners. You are still working for someone in banking and the risk is very low; the risk-adjusted pay is very high relatively.
Only in paper not in buying power and comfort
Crazy there are like no numbers in this thread
Probably indicative of how most of the commenters about UBS, or really any bank on here for that matter, is really a teenager still in college
People just scared to dox themselves so they are staying away. If you know level and bonus the firm can ID you if they want to. Best to share verbally with coworkers.
Bump - any associate numbers?
Employers benefit from asymmetric information, we should all share our comps for more transparency!
Double bump
UBS bonus communication tomorrow? Time to refresh my email inbox every 5 seconds like it’s Black Friday! 😂 Let’s keep this thread ‘confirmed info only,’ because the gossip can be saved for the 'almost human' thread. 🙃
London AD1 bonus figures 2024
2-1 25% of base 2-2 (middle bucket) is 50% of base 2-3 60% 3-2 60-70% 3 -3 70-90% (barely anyone)
Old base 110k, AD2 base 125k
Bonus figures for AD2 largely same as AD1 in % of base.
First figure is performance second is behaviors.
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