UBS has costs to cut. At the start of this year, it promised to extract around $1.1bn from its compensation line. At the end of June, it had actually increased group-level compensation spending from $14bn in the first half of 2025 to nearly $15bn in the first half of 2026.
Amends must presumably be made. UBS declined to comment for this article, but senior insiders told us cuts are likely later this month or in October.
| +222 | Coverage Banking is Paradise | 28 | 23m |
| +91 | London Recruiting is Paradise | 38 | 21m |
| +75 | My Motivation Is At An All Time High | 13 | 2d |
| +54 | Are Canadians still get jobs in the US? | 39 | 4h |
| +37 | Is 7 years in banking enough to retire, or am I delusional? | 24 | 32m |
| +30 | MM IB --> NYC IB? | 16 | 18h |
| +29 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 17 | 1h |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 21 | 1d |
| +24 | Should I escape the matrix | 3 | 2d |
| +23 | Lawyer moving into Banking | 19 | 2h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Eveniet ducimus quibusdam voluptatem illo quo. Sit animi aut est. Omnis tempora quis tempora non ratione ducimus omnis.
Est dicta quia impedit quia inventore quidem. Quia ut qui modi placeat voluptatem. Fuga sed aspernatur nesciunt esse perspiciatis. Officiis nisi cumque atque et velit qui fugiat.
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...