What it does: UBS is one of the largest wealth managers globally, and it provides various solutions to many private and corporate clients worldwide. As one of the Swiss-based investment banks, they are present in all major financial centers worldwide.
Mission: UBS mainly operates on its goal-oriented principles. Their sole purpose is to reimage the power of investing and connecting people. This leads people to get well connected with the ideas, opportunities, and thoughts that are impactful. To reach its goals, the organization has an innovative and inclusive workplace that brings out the best in their employee talent, wherever they are on their career journey.
Size and Presence: UBS has a global footprint in 50 countries. Approximately 73,000 employees are working worldwide.
Best Known for: UBS is best known for the innovative skills that are implemented in investment banking needs. Its global presence makes it unique among others. It creates superior value for its clients, shareholders, and employees. They are collaborating with leading banks and institutions to have a positive impact on their stakeholders.
The Good Bits: It is the best bank that helps in building the career of a person interested in investment banking. It has a good working culture with more learning skills and an innovative environment with a positive impact on society as well.
The Not So Good Bits: Internal politics in the company.
UBS was founded in the year 1862 on 25th June, with its first building in Winterthur. It merged in 1912 with the Toggenburger Bank to form the Union Bank of Switzerland. and, as a result of various mergers, eventually became the Swiss Bank Corporation. The bank in its initial days had great insights and experience and relationships with other countries. The most notable was US brokerage firm PaineWebber, which forms the foundation for today’s UBS wealth management operations in America.
The company's growth has increased strategically resulting in good customer relations and forming groundbreaking joint ventures in growth markets. UBS’s global business presence draws heavily on its strong historical roots in the UK and the US. By the early 1970s, SBC and the Union Bank of Switzerland were represented on all continents, from Australia to East, Southeast Asia to South Africa, and across the Americas.
By the mid-1980s, Switzerland could boast of 581 banking institutions and employed about 100,000 people. Among these institutions are, SBC and the Union Bank of Switzerland. By 2022, the bank has celebrated its 160 years of legacy globally. UBS was the first bank to offer philanthropy services on a global basis to clients who are seeking ways to invest their wealth actively for the greater good.
UBS has a strong and inclusive culture, which is grounded by its three keys to a successful business. UBS's workforce has always been its pillar, with a strong culture of diversity, equity, and inclusion. A diverse team can only understand a diverse client. Diversity in thoughts and opinions will lead to better decisions and innovative thinking. With an inclusive work environment in the company, every employee is given an equal opportunity to make the firm a better place to work.
At UBS, increasing gender diversity is always a priority. The bank enables more women to join and build strong careers. Several approaches are designed to encourage them to hire, promote, and retain women at all levels. The company aspires to grow women in the senior levels by 30% by 2025 across the firm. The "Career Comeback" programme has paved the way for many women to come back to work as senior leaders by providing them with specialised coaching and updates.
UBS is well known as a great place to work, whether it is in the business area or any other role. The company always supports its employees' thrive towards a collaborative and innovative culture while having a good work-life balance. At UBS, the 'Career Navigator assists employees with internal mobility. Internship programmes are conducted by the company for about 3 to 6 months. The eligibility criteria are that the candidate should be an undergraduate. In India, they offer campus placements through university outreach programmes with top-tier institutes across the country.
Recruitment at UBS happens for three categories of people.
UBS's hiring process is divided into four stages: filling out an online application; online assessments; face-to-face or virtual interview; and final interview. Career Opportunities in UBS are coming under Private Sector Bank Jobs. So fresher have to go through the UBS on role-wise job recruitment and key responsibility thoroughly before applying for the job.
The average pay scale for a fresher at UBS, depending on the role the candidate applies for, is around 3.0 –5.0 Lakhs per annum
To impact the lives of many people in India and around the world UBS has initiated several sustainability activities. Some of them are listed below: