Why do people in this forum hate UBS ??
i have seen more than a couple negative thoughts about UBS in this forum in different discussions whats the problem with this institution???
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Merger with CS went really poorly, at least for Americas IB, and now Pro Forma UBS is the worst of UBS and the worst of CS. Bonus pool has become way below market due to IB underperformance and guaranteed bonuses to MDs who aren’t generating revenue. This is a negative flywheel for UBS IB where things keep getting worse…people are not happy
Hardly paints the picture for how bad it truly is. Add the instability, waves of layoffs, lack of deal flow making for a bad career experience, AND the low pay and you’re left with a pretty grim shop
Based on the most helpful WSO content, UBS has faced criticism in various discussions for several reasons:
Downsizing in Investment Banking: UBS has been noted for significantly downsizing its investment banking division and shifting focus toward other financial services, such as wealth management. This has led to concerns about the long-term viability and opportunities within its IB division.
Negative Work Environment: Some users have shared experiences of poor treatment by senior management, describing UBS as rife with office politics and a lack of genuine care for employees' well-being. For example, MDs have been accused of prioritizing their own interests over their teams, creating a toxic work culture.
Reputation and Perception: UBS has been labeled as a "bottom BB" (bulge bracket) by some users, with comments suggesting that it has struggled to maintain its standing compared to other top-tier banks. This perception may stem from the departure of top dealmakers in the mid-2000s and the financial crisis, which reportedly weakened its banking division.
Limited Exit Opportunities: While there are some success stories, such as placements at firms like Thoma Bravo, UBS is often perceived as offering fewer opportunities for exits to mega-funds (MFs) or upper middle market (UMM) private equity firms compared to other banks.
General Sentiment: A WSO poll indicated that UBS, along with Deutsche Bank, was among the least desirable banks to work for, with 59% of respondents expressing this view. This sentiment likely amplifies the negative opinions shared in the forum.
While UBS has its strengths, such as its wealth management division and occasional success stories, these recurring themes contribute to the negative perception of the institution within the WSO community.
Sources: Is it really THAT bad with Deutsche Bank & UBS?, UBS ADDRESSING GS SURVEY..RIDICULOUS, CS VS UBS, Wells Fargo vs. UBS
PF UBS is literally the bottom 1/3 or so of legacy UBS, CS and Barclays.
Its like a mega merger of all the european banks worst people (excl DB where a lot of people have actually fled to to escape the UBS death spiral)
I can't imagine fleaing to DB
The bank is mostly people who rode others coattails to become MDs and now can’t source anything on their own.
New leaders came in guns blazing and just straight up disrespectful to CS and UBS people who were already there
we don't hate UBS, UBS people actually take one for the team
They were so full of themselves that they thought they would be top 6 by now
They are much closer to 26 than 6 in the Americas, jinxed themselves
They will be. Trust!
Correction: They will be Truist!
UBS sucks, trust me I work there
Congrats on UBS
Because Truist is better than UBS now
League table confirmed
working for UBS was the worst experience of my life and I regret it every day
This forum is very US-centered.
Banking and finance is US-centered. Unfair [angry emoji] [sad emoji]
Just acknowledge it’s a dumpster fire on the precipice of another leadership reset this year
These excuses maybe work with clients when they ask why your tombstone page is so empty but not with us monkeys who know the truth
Just look at the league table decline and you don’t have to hear all that bull crap. Amongst the worse revenue per MD estimates I’ve ever seen for any bank. They were proud to onboard hundreds of MDs to just have this embarrassing performance and nothing to show for
did a bunch of UBS chats this SA cycle and can confirm every analyst spends entire chat talking about how chill their work is
Soon:
UBS IB, a Truist Company
Held stolen nazi money and covered it up
Same with Epstein / Maxwell money
It's starting to look like these capitalists don't care about morality at all. Crazy shit.
Congrats on UBS
Friends don’t let friends work at UBS
Step 1 - Get you and your closest friends their biggest payday ever
Step 2 - Come up with excuses on how the Macro environment, Client Mix, number of MDs and regulators aren’t conducive to having deal flow at the moment
Step 3 - Repeat step 2 until everyone starts to notice
Step 4 - Retire, doubling your net worth in the last 3 years of your career
Any idea on their GM?
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