UBS Salary & Benefits

Visas, Permits, Passports and Naturalization
1
Hello All ,

I have my HR interview next week at UBS. I have 15 years of IT experience and this role is within IT Risk/Security Managment department based in Zurich. Please can i get some advice regarding what salary package should i ask for ? I am currently based in France and earn 106K Euro + 20% Bonus .

Also , Do you know what other benefits UBS offers ?

Many thanks ,

2
Twelvty ?

Being fired at the first sign of a profit forecast shortfall ?

3
Hello dodoGB . Welcome to the forum. Do you perhaps know what rank the position is for? This will give me a better indication as to what salary you may expect as well as any perks offered. To be honest, many of the perks were done away with when the financial crisis hit so there are not really many to speak of at present. Basically, no perks really exist under the director level.

4
You're a manager on 130k euro+ and know neither your own worth nor how to research this in other ways?

If you think I'm rude, wait till the others come back from the pub...

I'd ask for pallet of brown sugar and a freezer full of bacon. You can barter it here on EF

5
thanks for the quick reply . Its a director level position

6
Even worse.

7
You're welcome .

So at director level, you will get a monthly lump sum of about CHF 700 on top of your salary that is. That's about it really. The car allowance, lunch allowance and family allowance were done away with . Which business group is the role within? IB or wealth management?

8
Might explain why the dodo became extinct. Sorry, couldnt resist.

9
http://www.globalrichlist.com/

10
My guess would be total comp around CHF 220k. Base salary starting at 150k, more depending on your negotiation skills. Bonus 30-40%. Add on the 8.4k t&e allowance (tax free). You're not in the strongest negotiating position given the weakness of the Euro. Sounds like you are on a good deal in France, assuming you are permanent. You might be better off financially by staying there.

11
I assume you're referring to IB..

12
Well, I guess that depends on whether any of the EFers work in HR at UBS. If so, you can ask for about 107K Euro now....

13
Isn't IT a corporate centre at UBS now? Ie neither WM or IB.

14
Nope, each have different standards and policies.

15
So at director level with 15 years in the industry you don't know your rate? I think you need to get asking internally PDQ

16
Well, I'd base it on the historical exchange rate, multiply by about ~1.65. TBH, I thought bank directors were paid in the squillions.

To everyone else - it's not actually that surprising that someone in management - even in IT - can't work this stuff out for themselves. To get into management and succeed, you need to know how to handle people and have political skills. Being smart in other ways is almost a hindrance. You really need to get beyond the idea that those higher up in an organisation are some how really clever and skilled. They're not. It takes a combination of luck, brown-nosing, and networking to get to the top. On occasion, someone who is clever does make it. But it's quite rare.

Remember the old adage. To win the rat race, you have to be a rat.

17

I thought it was a turtle

Bugger, now I now where I went wrong all those years.....

18
Btw director at UBS isn't the same as elsewhere. It is the same place in the hierarchy as a VP at CS.

19
In this case "Director" is a middle-management grade title. Basically you are two steps above the person who makes the tea.

As you state, middle management grades are hardly a measure of skill or competence.

Cheers,

Nick

20
And getting a good cuppa these days is not easy

in recent years climbing the corporate has got a lot harder than before and the expectation has gone up a hell of a lot. If your not delivering, you're on the fast track out the door.