This review was submitted over 4 years ago, so some of the information it contains may no longer be relevant.
Rating
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The Role
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The Company
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The Culture
- 1. To what extent did you enjoy your work placement or internship?
- 2. To what extent did you feel valued by your colleagues?
- 3. To what extent were you given support and guidance by management/your supervisor(s)?
- 4. How busy were you on a daily basis?
- 5. How much responsibility were you given during your placement?
- 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
- 7. What was the general atmosphere in your office?
- 8. How well organised was the overall work placement or internship set up?
- 9. In terms of personal training and development, to what extent did the company or firm invest in you?
- 10. What were the perks on your work placement?
- 11. How appealing are future employment prospects within the organisation?
- 12. Was there a good social scene amongst any fellow placement students/colleagues?
- 13. What was the cost of living and socialising in the area you worked in?
- 14. What was the Nightlife like in the area you worked?
- 15. Were there many opportunities to get involved in activities outside of work?
The Role
This internship has been brilliant so far. The opportunity to rotate across different areas of the Sales and Trading division enables a broad exposure. Coming from a non finance background, the learning curve is quite steep, but people are always willing to help. The bank is filled with approachable people that will happily take an hour out of their day to sit you down and talk you through something you don't understand. The work is constantly changing and there is an opportunity to take on different pieces of work from different desks, people provide you with good feedback.
On my rotational desks I feel like my colleagues are really looking out for me and have a vested interest in me doing well, which is nice. In addition, colleagues all across the bank are always willing to help. UBS has a really friendly culture and people stay at the bank because they are surrounded by great people. The internship provides a good opportunity to add value to your area and indeed other areas of the bank. The level of time other employees allocate to interns is also surprising.
Management and supervisors are always willing to offer their help or guidance. They are also really keen for you to develop your network across the bank. They will generally point you in the direction of a specialist who is able to help with detailed guidance with what you should do. In addition UBS gives everyone a line manager and buddy. Both of these contacts are really valuable in seeking support and advice throughout the placement.
I have not yet been bored during the internship. You work long hours, but on most desks they dont expect you to stay overly late. However, if you want to, the option is there and it is always useful to sometimes to finish off work if you have some left over. Some days can be long and tiring, especially if you are not used to waking up at 5am everyday, but once you get in a routine it's fine. Its also nice to get more out of your day when you wake up early.
It depends on the nature of the work. within projects we have been given a lot of autonomy and managers trust in you to manage your work load and complete tasks to a high standard. if you want more responsibilities, you can always ask and people will have work available for you to do. However, with the actual work on the client side, regulation prevents involvment of interns. But people are always willing to do practice stock pitches and go through mock meetings.
I would certainly say this is a challenging placement and they expect a lot. But it equipts you with great skills surrounding self-discipline, time management, flexibility, organisation, work ethic, analysis, confidence etc. It also helps you develop a network not only amongst other interns but with the people that work at UBS. These skills are transferrable to any profession, and the steep learning curve has improved my capacity to adapt quickly to understand new information.
The Company
There is a really lively atmosphere on the trading floor. Especially on earnings days it is exciting and there is a lot going on so you can learn very quickly. People are also very friendly and always happy to help. It is normally busy all day as people work a range of different hours (including weekends). Also, there is banter and people get along well between desks. Compared to other banks, it is a bit smaller and people tend to have worked here a long time so they know and respect the business a lot.
Really well organised. We had a full pack explaining every detail of our internship complete with a fully filled in calendar of events. There have been numerous socials and buddy events which have allowed us to network. In addition there have been numerous speakers throughout the placement which has been exciting. The rotations were organised well and we always recieve reminders through email in case we have missed things. The only minor difficulty has been getting set up on internal systems but this is to be expected with the level of security in place.
The firm and its people invest a great deal of time and money into interns. People committ heavily to your personal development and understandably expect significant improvements in performance throughout your placement. We got careers training, motivational speakers, excel training, reuters training and IT training on the desk. People are always willing to help you develop further. Valuation is a key area that people are interested in learning more about as it is key to stock pitching.
Subsidised Canteen
Company Parties/Events
Really appealing. I would love to work for UBS. They have a great working culture for an investment bank. The hours are obviously long and there is always a worry of job security but they reward hard work. It is a good place to start a career as they invest heavily in their people to ensure that they can work anywhere in the business, and are ready to adapt with the moving sector. You work in an environment with really clever people who are willing to committ a lot of time to you and your development which is great.
The Culture
Yes the interns went out a lot especially in the first couple of weeks. UBS also organise several social events which both employees and interns attend. Some desks also go out for drinks and invite interns along which offers a great opportunity to meet new people and get to know your team in a more informal environment. In addition, there are typically a lot of your fellow univeristy students in the city completing internships or visiitng so there are lots of opportunities to meet up and socialise.
It is expensive. London is expensive. Most people either live at home, with friends or in student accomodation. Although its expensive, its great living near the office in case you have to be in early or stay late at work. Compared to university, everything in the social sphere is expensive, but thats usually because everything at uni is so cheap. I would reccommend living close by, although its expensive, its very convienient and you can go home on the weekends if you're not working.
Really good, London is great
Some opportunities available
Details
Internship (1 Month+)
Commercial Banking, Investment Banking, Retail Banking, Banking, Business Management
London
July 2016