UBS is Paradise

Wake up at 8:45. No alarms, no rush. UBS isn’t a bank, it’s a halfway house for washed-up MDs waiting out contracts. The only thing we execute on time is headcount reduction.

Roll into the office at 10:00. Bullpen looks like a hospice ward. Analysts stare at empty inboxes, one guy plays Wordle on the projector. Nobody cares. UBS culture is pretending Excel is open while applying to Wells Fargo.

10:45. First coffee break. Entire analyst class leaves for Starbucks because there’s literally nothing to do. Paradise is killing 45 minutes debating whether we’d rather get fired now or wait for bonus season (a $5k “thank you for your service” payout).

11:30. Seniors pull aside an associate: “Let’s grab lunch, want to hear your thoughts on group strategy.” Poor guy thinks he’s getting groomed for promotion. They take him to Del Friscos, order steaks, then HR slides into the booth with a folder. By dessert, his UBS badge is worthless.

1:00. He tries to come back upstairs to grab his jacket and charger. Security stops him at the turnstile. Badge already dead. IT wiped his -account before the check arrives. He’s forced to text a friend to mail him his desk plant and he doesn’t have any deal toys that need to be shipped. Paradise is being erased mid-bite of a ribeye.

2:00. Another “team coffee.” Someone jokes about our deal pipeline. Another analyst corrects him “Pipeline’s been dry so long, it’s technically a desert.” We laugh because it’s true.

3:00–6:00. Deck edits for a pitch we won’t win. Product banker demands every bullet become a dash, then a dot, then back to bullets. Director calls it “high standards.” I call it unpaid clerical work for a bank that can’t even win a sell-side for a lemonade stand.

6:30. MD swings through, gives us the famous line: “Pipeline is strong” and “I really like what we’re seeing.” Then he immediately leaves for Cipriani to join his Morgan Stanley buddies who actually have mandates. The only pipeline UBS has is the one leading employees to HR.

7:00. Staffer forwards “feedback” on the pitch deck: delete it entirely. Client went with Barclays. Again. We high-five ironically, that’s our seventh loss this quarter and honestly we prefer losing if it means less work. Paradise is losing so consistently it feels like a brand identity.

7:30. Staffer sends a “peer survey.” Provide feedback on several of your teammates. The survey itself is a joke and we know HR will use the results as justification for another round of layoffs.

8:00. Floor empties. Associates leave, and analysts scatter around the office laughing at a director’s recent comments. I sit pretending to work because optics are the only currency left.

9:00. Grab Seamless pad thai. Not because I’m hungry, but because eating at my desk under fluorescent lights is the only way to look employed. I think about how my Seamless driver delivered more value to his customers today than I did today.

11:00. Finally log off. After 13 hours, I’ve accomplished nothing: two coffee breaks, one firing, one deleted deck, one $24 dinner. Walk out past an office that looks less like a bank and more like an abandoned call center.

Another perfect day. 
Banking is our craft.
UBS in paradise.

31 Comments
 

I wish my group was like this instead of being a toxic 24/7 grind fest despite not having many live deals 

 
Most Helpful

I am pretty sure half the UBS groups are working until 2/3 AM every day with little flow. Feel bad for the interns this summer who all worked that long on no deals without even a return offer to show for it.

 

If you are in one of HC, M&A, M&T, FIG, RELL: congrats, this applies to you! It's probably a 50/50 shot whether or not this applies to you or not if you are actually working at UBS.

 

Accurate for my group except have never heard of any of our MDs buying anyone a steak. They would never.

At best a few cheap pizzas for the team twice a year.

 

This is actually better than most of UBS on the WLB with no deal flow front. If you reduce the hours, this is basically what the tech team is doing, and they are in SF, so they sometimes get to see the sun when they get out. 

 

Phenomenal WLB in some groups if you are willing to accept that you won't do any deals outside of financings. Exits strangely fine into MM/low UMM seats from the data; at least it seems to imply that you at least get interviews, and from there it's up to you.

 

Complete your line manager surveys! If they dont get done the bank will collapse.

 

“The bank wouldn’t of failed if I was the head, you need to promote me”

 

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