33 Comments
 

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 

 

Based on the most helpful WSO content, UBS has faced criticism in various discussions for several reasons:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
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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)

 

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

 

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

 

Banking and finance is US-centered. Unfair [angry emoji] [sad emoji]

 
  1. UBS has had a lot of layoffs including juniors; lots of people commenting are probably part of this crew
  2. UBS gives shit tier bonuses for non top-bucket juniors including some $0 bonuses at associate levels; lot of commenters are apart of this
  3. When people were recruiting UBS was pitched as a chiller bank where you still get deal experience; there's some groups in UBS with deal flow and good WLB, but none with deal flow + good WLB. Some people feel lied to there
  4. WSO is inherently a bit of a circlejerk where people copy what they saw/heard in other threads 
 

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

 

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

 

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