UBS, formally known as UBS Group AG, is the holding company for four subsidiaries that serve as a multinational investment bank and offer a variety of financial services. UBS can be traced back to 1862 Switzerland where their headquarters are still located today in Zurich and Basel. The main areas of business for UBS are:
Private & Corporate Banking
UBS has expanded to over 50 countries employing more than 60,000 people. Their employees enjoy benefits such as:
Basic Life Insurance
Dental + Vision Plan
Paid Parental Leave
These are few of the many employee benefits offered by UBS. They are keen on diversity and try to foster an environment of growth for their employees whether it be personally or professionally.
What Is UBS’s Hiring Process?
UBS’s hiring process has multiple stages to ensure that both the company and applicant are the right fit for one another. The following is a common outline for the hiring process at UBS.
UBS has a team of employees reviewing applications and CVs. Submitting an application and CV through their job portal on their website will serve as your initial screening. Along with qualifications, work experience and education, be sure to include any relevant achievements to distinguish yourself from other candidates.
UBS’s interview process varies depending on your role and the location of the position. The process usually follows a three-step outline such as:
However, some candidates are shortlisted and proceed straight to the HR interview. This is rare and usually only occurs if the candidate knows someone at UBS or if the candidate has tremendous qualifications and was sought out by someone at UBS.
What Are UBS’s Online Assessments?
UBS’s online assessments are an objective measure of the candidate’s behavior and aptitude. Online assessments are provided to all candidates, but the content and quantity of the assessments will vary depending on the role and location you have applied for. You will be given one or all of the following assessments after your application has been reviewed.
Numerical Reasoning Test UBS’s numerical reasoning test analyzes the candidate’s ability to interpret graphs, crunch numbers, and perform basic mathematical functions in a hypothetical business scenario. The assessment is multiple choice and each question is timed. In total, the time limit is usually around 20 minutes.
Logical Reasoning Test UBS administers the logical reasoning test to evaluate the inductive and deductive reasoning skills of the candidate. The format of the assessment provides the applicant with a series of shapes and objects and asks them to identify the patterns. The test is multiple choice with a time constraint on each question. Practice this assessment as much as you can, the puzzles become very confusing as you progress through the test.
Verbal Reasoning Test UBS’s verbal reasoning test explores the candidate’s capability to discern between facts and inferences. The verbal reasoning test loosely follows the guidelines of a case study in the sense that you need to prioritize main ideas and narrow your focus solely to the topic at hand. The format will provide you with a paragraph of information followed by a few statements which you will mark true, false, or cannot say. Don’t worry if the subject matter of the passage is foreign to you, prior knowledge of the material is not necessary. The answers will be right in front of you.
Situational Judgement Test (SJT) UBS’s situational judgement test – UBS calls it a Cultural Appraiser – evaluates the personality and behavioral preferences of the candidate. The test will provide hypothetical situations that one might encounter in the workplace and ask you to choose how you would respond from a list of choices. Below, in the students and graduates’ section, you will find the ‘three keys of UBS’, become well acquainted with them as this is what UBS favors in their employees. UBS will have countless questions on their SJT that subtly prods at these characteristics.
UBS’s technical interview evaluates the candidate’s interest in the company and their respective industry. The interview will begin with personal questions and a walk through of your resume. Then, you will be asked questions about your field, why you chose it, and other technical questions that analyze your depth of knowledge in that particular discipline. The interview will last anywhere from 30 to 60 minutes.
The HR Interview offers UBS insight into your background. They will ask general questions about your education, family, and work experience and ask you to expand on it. UBS is also interested in the quality of your communication skills and reasoning skills. Questions such as where do you see yourself in five years and your weaknesses and strength are common.
Students and Graduates
UBS has numerous programs for students and graduates, but they are very competitive. The recruitment process for UBS distantly resembles the process for the more experienced applicants, but you can expect it to look something like this:
Final Assessment Day
Students and graduates are only allowed to apply for three open positions during the academic year. Keep this in mind while you’re applying, so you can optimize your chances by seeking out the positions that appeal to your strengths.
The online application for UBS serves as the initial screening, and they will contact you if they wish to proceed with the interview process.
UBS administers two online assessments. One analyzes the aptitude of the candidate and the other evaluates the behavior and personality of the candidate.
Numerical Reasoning Test UBS’s numerical reasoning test provides the candidate with mathematical problems they might find in business scenarios. This test assesses your knowledge of basic mathematical functions and their application to investing and banking. The format is multiple choice with a time constraint on each question. It is highly recommended that you practice for the numerical reasoning test. UBS expects a candidate to be in the top 30 percentile in order to proceed through the interview process.
Situational Judgement Test UBS’s Cultural Appraiser, usually regarded as the situational judgement test, examines the candidate’s suitability for the environment at UBS. A hypothetical work scenario is presented, and the candidate is asked to respond with how they would handle the situation. UBS looks for candidates whose value and style align with their ‘three keys’. The three keys of UBS are:
Pillars: The foundation for everything they do.
Efficiency & Effectiveness
Principles: What they stand for as a firm.
Behaviors: What they stand for individually.
While completing the assessment, keep these ‘keys’ in mind and pay attention for questions that probe at these qualities. You may want to go a step further and start preparing examples of times you exhibited these traits; you will be asked to draw from your own experience numerous times.
Practicing for the online assessments is key to progressing through UBS’s interview process. It is your first chance to demonstrate your skillset and UBS’s first glance at your strengths and personality. After you finish the assessments, UBS will reach out and send instructions for the next stage of the recruitment process.
UBS’s video interview is the third stage of the interview process. The candidate will be given anywhere from seven to twelve questions and the subject matter varies from behavioral to technical. You will be provided two minutes to record each of your answers. At the end of the video, you are allotted another two to three minutes to explain why you want to work at UBS and what you can bring to the table. Because you’re under a time limit, it is important that you are concise while simultaneously highlighting the qualities that UBS favors in their candidates. Don’t use ‘filler information’ to buy yourself more time, this will negatively affect your standing with UBS.
Final Assessment Day
UBS’s Final Assessment Day is a mix of all the steps you took prior to the final stage. UBS will ask you to complete four tasks:
Numerical Reasoning Test You will be asked to take one more numerical reasoning test on site. On assessment day, you will have twice as long to complete the test, but a recruiter for UBS will be observing you and your method. Don’t let the observer throw off your focus, take your time on each question and demonstrate your ability to work under pressure.
Presentation You are asked to individually present a case study for ten minutes in which you should focus on main ideas and then propose a plan of action.
Final Interview Toward the end of the day, UBS will conduct your final interview. You will most likely be meeting with a senior member of the role you have applied for and will be asked competency-based questions. UBS’s seven core competencies are:
Judgement and Decision Making
Communication and Impact
Drive and Commitment
Teamwork and Collaboration
Planning and Organizing
Before assessment day, think of examples from your own experience in which you have demonstrated each of these skills. You will be asked to elaborate on them during the interview. Be sure to also prepare answers to the questions of why you’re interested in UBS and why you chose the particular role you’re interviewing for.
How to Prepare for UBS’s Online Assessments?
Whether you are an experienced professional or a recent graduate, the online assessments pose a toilsome challenge. However, with their difficulty lies an amazing opportunity to highlight your intelligence and amaze UBS. The questions in UBS’s numerical reasoning test are unique in every go round but preparing yourself for the format and general idea of the content is a great way to get ahead. Once you have practiced the numerical reasoning test a few times, it will feel like second nature to you. For UBS’s Cultural Appraiser, also known as the situational judgement test, you should study up on their principles, pillars and behaviors and align your answers to their company’s demeanor. Once you are acquainted with their ‘three keys’, take a few practice tests and look for ways you can demonstrate these traits in your answers. By the time you take UBS’s situational judgement test, you’ll be answering the questions as if you had been working for them for years.
Overall, UBS is seeking a reliable and intelligent employee to join their team. They applaud preparation and confidence, so keep this in mind before and during the interviews. It would be worth your while to allocate a generous amount of time practicing for the online assessments and reviewing UBS’s three keys and seven core competencies, they are very focused on those aspects of the interview process. Best of luck!