Top MBA Employers: UBS – The Union Bank of Switzerland
In the MBA job hunt, you may wonder which company will be the best fit for you. Work-life balance, salary requirements, and company culture are all things to consider during your process. However, how much a potential employer values your degree is also crucial. One is wise to focus on companies that seek fresh, new MBA hires, but also for their potential to push future growth. The Union Bank of Switzerland (UBS) is one company that has developed a great reputation for hiring and cultivating student talent, making it a top recruiter for MBAs.
Designed to “unite your education with … hands-on experience” MBA Associate positions can take place either over the summer or full-time. Both positions are in UBS’ Corporate Client Solutions (CCS) division of their investment bank.
The 10-week summer position is open to MBAs between the first and second years of business school. Applications acceptations start in October of the previous year, for employment beginning the following June. Summer Associates will learn how to see transactions through from start to finish under the guidance of senior management, while gaining access to a full range of networking events and seminars.
Full-time Associates will have completed the summer position previous to hiring, and are placed with a team with which they can pursue the next level of immersion into the workings of the CCS.
Finding UBS MBA Internships
Currently, UBS is in search of interns for its Quantitative Trading desk. The quant trading intern will specialize in building predictive models, but will also learn the full range of duties associated with trading. This position requires a desire to learn about market impact, portfolio risk management, and more. An intern in quant trading will join the Investor Client Services team, on which he/she will learn how to offer advice to fund and asset managers as they purchase and sell securities. The position begins with a week long training, followed by nine weeks as a full team member. February 17, 2019 is the deadline for application.
For recent grads hoping to get some work experience first, UBS’s Graduate Talent Program may be a great fit. The New York office is hiring recent grads within its Investment Risk Control department. This position involves knowledge of regulations, laws and rules that govern the investment industry, along with the updating of marketing materials to ensure their accuracy. The Graduate Talent Program hire will gain the opportunity to rotate through the Market and Credit Risk Teams, preparing them for a future in the compliance and regulatory fields. No deadline is currently listed for application.
UBS hires MBA grads around the world as part of its numerous corporate programs, including the UBS Graduate Talent Program, currently looking for new entrants in New York City.
Internships are also available at the New York City, Weehawken, NJ and Stamford, CT offices for Group Operations positions. The focus of these positions is management of company processes to guarantee efficiency and maintain high performance. Servicing the Wealth Management, Asset Management, and Investment Banking divisions of UBS, the Group Operations Intern will analyze current systems, as well as assist in implementing new processes across each department. The deadline for application is June 1, 2019.
UBS MBA Culture
UBS prides itself upon hiring people with diverse backgrounds and experiences, encouraging applicants to draw upon all of their interests. Though your MBA may require focus on your current studies and past business experiences, other team-focused or planning activities are crucial when applying.
As UBS states, “Perhaps you’ve organized a fundraising event or taken part in team sports? Or persevered and passed an exam in a subject you found challenging? Think about how things you’ve achieved match the skills we’re after.”
UBS MBA Salary
According to PayScale, the average BA grad earns about $64,000 USD at UBS. When compared to MBA grads, these figures leap to over $80,000—a 20 percent increase. Salary differences are often depending upon specialty. Specifically, MBAs with a focus in finance earn around $75,000. While those graduating with a focus in information technology may earn over $150,000 per year.
Top MBA Recruiters: Guggenheim Partners
For graduating MBA students, the connections made through their university and business school program can be a crucial part of starting a career. At a top program like the Kellogg School of Management at Northwestern University, for instance, 73.9 percent of the 2017 graduating class who accepted full-time offers had the opportunity facilitated by the school. Roughly 30.1 percent of these school-facilitated offers were the results of on-or off-campus interviews.
Not only can your university be instrumental in setting up long-lasting career opportunities, but the companies that seek and recruit MBA students also play an important role. Companies like Guggenheim Partners, based in New York and Chicago with office locations throughout the world, are actively looking for talented MBA students and graduates for opportunities that could be the start of brand new career. And the best part? They’ll come to you.
What is Guggenheim Partners?
Guggenheim partners is a global investment and advisory firm that believes in finding innovative solutions to deliver long-term results to their clients. The company, which is headquartered in New York City and Chicago, operates through three main businesses: investments, securities, and insurance services.
Guggenheim Partners is the culmination of years of the Guggenheim family business, dating back to the late 1800s. Today, the firm is operating with more than $305 billion in assets across a variety of managed accounts and funds. Over 2,400 professionals are currently staffed at the firm across six countries, and roughly 45 percent of the independently owned company is owned by employees themselves.
Why MBAs Love Guggenheim Partners?
One of the cornerstones of Guggenheim Partners today is their focus on finding innovative solutions to complex problems. In hiring, they seek creative people who can perform at high levels, take pride in their work and think creatively. In a word? An MBA.
Guggenheim Partners jobs might also be attractive to MBA graduates because they don’t expect a long resume of professional experience to join their team. According to Payscale, the largest percentage of employees (roughly 40 percent) have between one and four years of professional experience, still earning paychecks of up to $57,000 per year, on average. For MBAs with more experience, of course, it only gets better: the average pay for employees with five to nine years of work experience reveals salaries averaging $93,000 per year.
It also does appear that the company rewards those with advanced degrees. While there is no data on employees with MBAs directly, Payscale does note that those with the company’s highest salary average (around $110,000 per year) are those with Master of Science degrees.
Life at Guggenheim Partners
MBA graduates looking for full-time Guggenheim Partners jobs will likely begin as full-time analysts or associates at one of several recruitment groups around the country. Groups from both the Investments and Securities segment of the company recruit full-time Analysts, such as Sales & Trading (NY and Boston), Research (NY), Corporate Credit (NY), Operations (Chicago) and several others. Those interested in full-time Associate positions will be recruited through the Investment Banking division of Guggenheim Securities, based in New York.
On Ivy Exec, a website that gathers company and employment data, Guggenheim Partners jobs received fairly high marks across the board. A full 100 percent of surveyed employees said they would recommend the job to a friend, 80 percent said it was a great place to work, and 80 percent said they are proud to have the company on their resume.
Guggenheim Partners Jobs
Guggenheim Partners recruit students for full-time jobs in their final year of study, seeking motivated candidates with an impressive academic background and strong interpersonal skills. They also look for graduates with the potential to take on leadership roles while being able to work effectively on a team.
Students can interview on campus for full-time associate or analyst positions, apply directly for open entry level roles, or get their foot in the door even sooner by joining the company’s internship program. The program, which was created to provide students with “visibility and exposure into the day-to-day activities of key business units within Guggenheim Partners” goes above and beyond to create opportunities for advancement, including networking opportunities, speakers, performance evaluations and mentoring.
The Guggenheim Partners internship program is available at all office locations, though some locations offer special focuses for the internship in fields like Investment Banking, Commercial Real Estate, Corporate Credit, and more.
For a list of current opportunities available at Guggenheim Partners, you can check out their career page here.
