UBS junior banker wellness bonus??
Did an juniors see the email on wellness UBS sent out?
To recap, instead of giving us a bonus, extra day off, salary bump or ANYTHING like that, we now get:
- a stub bonus in July 2021 (instead of a full year bonus in Jan 2022)
- wait until August 2022 to get a FULL YEAR bonus
This is ridiculous... as so many of my co analysts have pointed out, this is a worse compensation package (two stub vs one whole year bonus) and also no extra bonus or days off. For UBS’a best year in a WHILE, this is ridiculous. What the fuck?
I have no incentive to stay anymore. They need to pay us more or actually create an incentive to stay....
Yeah it’s fucking ridiculous. Somehow they managed to downgrade our incentive and comp package compared to every other fucking bank.
Seeing as CS is their top competitor, I would have expected the same 20k...
They loooove to act like this was a favor rather than something that would help them with recruiting laterals.
My favorite part was how they titled the email "Your wellbeing is our priority" and literally not a single word in that email did anything to improve our wellbeing.
really Ros?
For anyone who might not understand why they did this, they want to provide a stub in July so they can keep as many people as they can until the end of the summer so the new full-time hires can join in August and the remaining team won't get crushed over the summer. Also, I think the August 2022 bonus is to incentivize those who are planning on staying past the summer stub to work longer before they inevitably also bounce. That's my reasoning of why they did this but yeah, it's not a meaningful improvement or even in the favor of the current teams at the firm.
Praesentium asperiores voluptatem velit velit. Deleniti quos quia ut rem est dicta. Consequuntur porro sed sit et maiores. Nemo molestiae inventore ducimus consequuntur rem vel. Officiis nam iure est ipsum et a. Enim recusandae fuga ut consequuntur.
Occaecati quia itaque aperiam laborum sit perspiciatis esse et. Dignissimos ex qui illo quos excepturi amet autem.
Veniam repellendus quisquam facilis fuga pariatur. Sunt sapiente officia voluptatibus harum labore. Commodi officia rem aspernatur et earum id enim a. Velit optio qui quos.
Enim necessitatibus fugit aut sed omnis quia tempora voluptates. Qui quia minima et. Dolorem quidem perspiciatis alias voluptates illo est beatae. Saepe doloremque temporibus minus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...