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.
The 5 Highest Paid Toronto Internships for MBAs
Toronto is Canada’s largest city and home to leading companies in both business and finance. There’s a particularly large concentration of banks as well as media companies, publishing firms, telecommunication, IT, and film production companies. There’s a little bit of everything in the city including top MBA programs such as McMaster University’s DeGroote School of Business, Ryerson University’s Ted Rogers School of Management, and York University’s Schulich School of Business.
But where should you look for paid Toronto internships? First, the industry you choose matters. According to the 2018 employment report from the University of Toronto’s Rotman School of Management, you should stick with three industries if you want to earn the most money: law/legal services ($18,000 per month), consulting ($6,332 per month), and financial ($5,623 per month).
Specifically, you might want to check out these five high paying internships in the Toronto metro.
The 5 Highest Paid Toronto Internships for MBAs
Sun Life Financial is a Canadian financial services company headquartered in Toronto. It is as one of the largest life insurance companies in the world, spanning back to 1865. The company pulls in around $28.5 billion in revenue each year, with over 30,000 employees worldwide.
MBA students looking for an MBA internship have multiple options. In particular, there are positions in finance, HR, and real estate. There are also co-op options in the Business Leaders Internship Program. This program gives students ten weeks to work in a number of functional areas to learn where they can be successful.
According to Glassdoor, interns can expect to earn:
- Salary: $3,166 – $4,333 Per Month
Ontario Power Generation, owned by the government of Ontario, is responsible for half of the electricity generation in the Province. The company uses nuclear, hydroelectric, wind, gas, and biomass electricity. The energy diversity helps pull in about $4.73 billion in revenue each year, employing 10,840 people.
For MBA students, the company offers both winter and summer internship opportunities. Interns analyze new business opportunities, pitch marketing, complete customer research, and perform business model development.
Glassdoor reveals that an average intern earns:
- Salary: $4,160 – $5,440 Per Month
BMO Financial Group is a Canadian multinational banking and financial services company. It’s one of the big five banks of Canada and is the fourth-largest by market capitalization and assets. In fact, it’s one of the ten largest banks in all of North America with $21.7 billion in revenue each year and 45,200 employees.
YOU MAY ALSO LIKE: What MBAs Should Know About BMO Financial
An MBA internship at BMO can cover a variety of job functions from financial modeling analyst to program management, investment banking, and capital markets. Through the program, students gain hands-on experience working with a team of seasoned professionals.
According to Glassdoor, an MBA intern can expect to earn:
- Salary: $3,000 – $4,160 Per Month
The Royal Bank of Canada (RBC) is a multinational financial services company and the largest bank in the country by market capitalization. It services over 16 million clients worldwide with personal banking services and products. 2017 estimates were around $40.6 billion in annual revenue with 79,000 employees.
RBC is home to a robust internship program with opportunities to work as a data scientist, business analyst, capital markets advisor, global equities, and more. Each internship program provides MBA students with the chance to work as a strategic advisor across a variety of industries from energy to health care, technology, real estate, media, and more.
As an intern, you can expect to earn a good salary according to Glassdoor:
- Salary: $4,833 – $5,166 Per Month
TD Securities is another Canadian investment bank and financial services company, offering advisory and capital market services. It is particularly known for providing expertise in corporate and investment banking, capital markets, and global transaction services. In 2016, TD Securities earned $3.03 billion in revenue with just 3,800 employees.
As far as internships for MBA students, there are many interesting 10-week options with business tracks in corporate and specialty banking as well as retail and product. These internships provide practical, hands-on experience, and can lead to participation in the 12-month MBA Associate Track Program post-graduation.
Based on intern salaries submitted to Glassdoor, MBA students can expect to earn:
- Salary: $3,250 – $4,166 Per Month
What is Dell Looking for When it Comes to MBA Talent?
When considering jobs and internships, MBAs may reflect on the diverse set of skills and experience they’ve acquired. And few industries are witnessing a greater reflection of those diverse skills than tech.
Dell Technologies is one organization that has demonstrated a major commitment to hiring MBAs for their fresh knowledge and ideas, as evident in its 2020 ‘Legacy of Good’ Plan.
New York City’s Top 5 Highest Paying MBA Internships
MBA students are, likely, infinitely familiar with the hectic world of internships. “Another lowly internship?” may be a question that pops into the minds of many students as they advance into post-graduate education. But what they may not realize is that the right internship can not only provide a vital networking opportunity and a solid career foundation, but also an immensely high salary.
In New York City, a lucrative business school internship can prove important. Because of the city’s notorious cost of living, it might as well be required too. Below we’ve ranked some of the best paying internships for New York City MBAs to look out for.
5 Highest Paying MBA Internships in Philadelphia
The moment you decide to earn your MBA, you should already be thinking about your MBA internship. Within the first few months of your education, you’ll be discussing your internship opportunities and soon afterward, applying. For the most part, you’ll choose your internship based on your career interests, but there’s one other aspect to consider: the pay.
MBA interns can earn impressive hourly wages, which may be a shock if you’re still thinking like an undergraduate student who worked an entire summer for free. But is an MBA internship salary something to sneeze at? It could be depending on your job function, industry, and the company you work for. So, who pays the most?
We dug into Philadelphia MBA internships to find out which companies would pay the most, and here’s what we discovered. Continue reading…
Top MBA Recruiters: Fidelity Investments
With more than $2.4 trillion in assets under management, Fidelity Investments is the fourth largest asset manager in the world. A multinational financial services corporation, Fidelity operates a brokerage firm, manages mutual funds, and provides advice, retirement services, wealth management, securities execution, and life insurance. Continue reading…
