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UBS encourages continuing education; junior-level employees are eligible for full grad school sponsorships .
No. of undergrad internships in:
2005: 206
2006: 228
2007: 254
2006 interns from the following classes:
0% Freshman
9% Sophomores
91% Juniors
0% Seniors
0% Graduates
2006 interns from the following majors:
27% Business
6% Computer Science
44% Economics
5% Engineering
4% Liberal Arts
3% Math
3% Science
1% Undeclared
4% Other
100% of internships paid
0% of internships unpaid
Is there an offical summer internship program? Yes
Average length of summer program: 10 weeks
Minimum: 8 weeks
Maximum: 12 weeks
Average hourly wage: $30.00
Are interns paid on lump sum basis? No
Average total intern compensation: $NA
75% of eligible 2006 interns received full-time job offers
63% of interns with offers accepted
34 undergrad campuses where employer recruited 2006-07
28 undergrad campuses where employer made job offers
Applicants for entry-level jobs
2005: 2,000
2006: 3,500
2007: 5,100
Entry-level hires
2005: 201*
2006: 263
2007: 279
Entry-level hires who were undergrad interns
2005: 24%
2006: 26%
2007: 31%
Most important characteristics for new hires:
1-Communication Skills
2-Leadership Skills
3-Work Experience
2006 new hires majored in:
27% Business
6% Computer Science
44% Economics
6% Engineering
4% Liberal Arts
3% Math
3% Science
1% Undeclared
6% Other
...and are:
9% African American
8% Hispanic American
35% Asian American
0% Other
52% Total minorities
42% Female
NOTE: New college hires from all UBS divisions--Wealth Management, Global Asset Management and Investment-Banking-are included throughout the profile.
Entry-level hires since Jan. 1
Average base salary: $55,000 to $59,999
0% earn less than $35,000
0% earn $35,000 to $39,999
0% earn $40,000 to $44,999
0% earn $45,000 to $49,999
0% earn $50,000 to $54,999
100% earn $55,000 to $59,999
0% earn $60,000 to $64,999
0% earn $65,000 to $69,999
0% earn $70,000 and above
Bonuses, Overtime & Perks
100% received signing bonuses
Average signing bonus: $8,500
100% received performance bonus first year on job
Average performance bonus, 2006: $4,000
0% of 2006 entry-level hires eligible for OT
100% of 2006 entry-level hires not eligible for OT
Reimburse employees for ed expenses?: Yes
Do employees become eligible immediately?: No
Maximum annual education reimbursement: $NA
Full grad school sponsorship for jr. level employees? Yes
Partial grad school sponsorship for jr. level employees? Yes
Time Off
Is there a Paid Time Off (PTO) Bank? Yes
If no, total paid vacation days:
During first year: NA
After 1 year: NA
After 3 years: NA
After 5 years: NA
After 10 years: NA
Total paid holidays: NA
Time off for religious observances: NA
If yes, max PTO days:
During first year: 27
After 1 year: 27
After 3 years: 27
After 5 years: 27
After 10 years: 27
Total days off for religious observances: NA
Is flex time available? Yes
Sick, personal days, first year: NA
Health Benefits
Do entry-level hires have access to health plan? Yes
Employees pay part of the cost? Yes
Does health plan provide dental coverage? Yes
Extra charge for dental coverage? Yes
Does health plan provide vision coverage? Yes
Extra charge for vision coverage? Yes
Are same sex partners permitted as dependents? Yes
Pension and Profit-sharing
Do entry-level hires have access to 401(k)? Yes
1 months to full vesting in 401(k)
Max. company match as a percentage of salary: 4%
Min. employee set-aside as a percentage of salary to receive max. co. match: 4%
If 401(k) match not calculated as percentage of salary, explain:
Are entry-level hires eligible for co-funded pension? Yes
Months to full vesting in co-funded pension: 60
Are entry-level hires eligible for profit-sharing program? No
Months to full vesting in profit-sharing program: NA
Maternity/Paternity Leave
Maximum Maternity Leave
0 days during first year
90 days after 1 year
90 days after 3 years
90 days after 5 years
Maximum Paternity Leave
0 days during first year
5 days after 1 year
5 days after 3 years
5 days after 5 years
Other Benefits
Does company match employee charitable gifts? Yes
Max. annual company match for employee charitable gifts: $2,500
Does company pay relocation expenses? Yes
Max. annual relocation expenses? $NA
Employee Discounts
Gym memberships
Cell phone/service
Cultural events
50 hours worked weekly by entry-level hires on average
Does average vary by business unit, department? Yes
Entry-level hire work locations...
60% in open work stations
40% in cubicles
0% in shared offices
0% in private offices
0% have no company-supplied work space
Does organization monitor e-mail?: Yes
Does organization monitor Web usage? Yes
Typical dress code
Business Casual
Does organization sponsor employee volunteer opportunities? Yes
Does organization offer employee daycare? Some locations
Does organization have fitness facilities on site? Some locations
Training Programs
Does your organization have a formal orientation program? Yes
If yes, how many days is it? 1
Orientation includes:
Guest Speakers
Diversity Exercises
Description of UBS businesses, HR policies and procedures, benefits
$8,000 average spent on training, per new hire, in 2006
Is there a formal leadership program for entry-level hires of a year or less? No
NA
Do candidates apply directly? NA
If not, how is eligibility determined? NA
When are new hires first eligible? NA
Is program rotational? NA
If yes, number of locations or business units: NA
Minimum rotations: NA
Maximum rotations: NA
Length of program, in weeks: NA
Minimum: NA weeks
Maximum: NA weeks
After program, employees offered permanent positions: NA
After program, do employees offered permanent position receive raise? NA
If yes, amount of typical raise: NA
Is there a formal leadership program for entry-level hires of a year or more? No
NA
Do candidates apply directly? NA
If not, how is eligibility determined?
NA
When are new hires first eligible? NA
Is program rotational? NA
If yes, number of locations or business units NA
Minimum rotations: NA
Maximum rotations: NA
Length of program, in weeks: NA
Minimum: NA weeks
Maximum: NA weeks
After program, employees offered permanent positions: NA
After program, do employees offered permanent position receive raise? NA
If yes, amount of typical raise: NA
Does company have formal mentorship program? Yes
100% of entry-level hires participate
4 days of additional training expected
Getting Ahead
Three-year retention rate: 80%
Five-year retention rate: 47%
How are raises determined?
Performance
When are entry-level hires eligible for first raise? One-year anniversary
How are promotions determined?
Performance
When are entry-level hires eligible for first promotion? Two years or more
Evaluations
Frequency of evaluations
Annually
Important qualities
3-Enthusiasm
1-Learning Ability
2-Sales/Revenues
Min. tenure in years required for job change: 1
Describe any rules that apply:
Long-Term Prospects
Does position of VP exist at this organization? No
If not, is there a comparable title? Director
No. of employees who hold VP or similar title: NA
No. of employees with VP or similar title with 20 years plus seniority: NA
Age of youngest employee with VP or similar title: 26
Seniority of youngest employee with VP or similar title in years: 4