Salary.sg Forums

Salary.sg Forums (https://forums.salary.sg/)
-   Income and Jobs (https://forums.salary.sg/income-jobs/)
-   -   UBS Financial Services Industry Academy (https://forums.salary.sg/income-jobs/12967-ubs-financial-services-industry-academy.html)

Unregistered 03-03-2021 09:17 AM

Anyone been through this traineeship? Can share more about it? Thanks!

Unregistered 12-03-2021 08:22 AM

dont bother
 
For those looking to apply this year, I'd say dont't bother. Chances of converting into a full time role is almost 0. Majority of you aren't going to get licensed so will likely be relegated to worthless tasks like generating reports and data entry. Salary is also low too.

Granted the people are nice but there is a general distaste for the program by existing trainees and even their full time employees. If you want to be low cost labor for a year, then maybe this is for you

Source: am going through it now.

Unregistered 13-03-2021 09:49 AM

Quote:

Originally Posted by Unregistered (Post 158820)
For those looking to apply this year, I'd say dont't bother. Chances of converting into a full time role is almost 0. Majority of you aren't going to get licensed so will likely be relegated to worthless tasks like generating reports and data entry. Salary is also low too.

Granted the people are nice but there is a general distaste for the program by existing trainees and even their full time employees. If you want to be low cost labor for a year, then maybe this is for you

Source: am going through it now.

Sad especially when pay is just 2.5k

Unregistered 22-03-2021 09:15 AM

Agree this program is pathetic

Unregistered 22-03-2021 05:16 PM

But doesnít it help that youíve at least got UBS on your resume?

Unregistered 04-04-2021 01:24 PM

Quote:

Originally Posted by Unregistered (Post 158820)
For those looking to apply this year, I'd say dont't bother. Chances of converting into a full time role is almost 0. Majority of you aren't going to get licensed so will likely be relegated to worthless tasks like generating reports and data entry. Salary is also low too.

Granted the people are nice but there is a general distaste for the program by existing trainees and even their full time employees. If you want to be low cost labor for a year, then maybe this is for you

Source: am going through it now.

Thanks for your post... I just completed the online tests and invited to the video interview... But I guess i won't bother continuing the application.

They posted on my careers future website, salary is indeed $2,500.
s://.mycareersfuture.gov.sg/job/banking-finance/ubs-super-2021-trainee-ubs-ag-a95cd7f56e0e3cd8fcf6a6e018ecfaa0

Is it 3 days a week? They did mention in the job post "work/study opportunity".
Do you think it is negotiable to have it as a full time job with higher salary? (I've already graduated with 2 years unrelated experience)

Unregistered 05-04-2021 10:58 AM

I got a call from the HR arranging me for an interview. After reading through this thread, I'm just gonna attend the interview with 0 hope.

Unregistered 08-04-2021 06:11 PM

Wouldnít recommend at all
 
Your potential LMs might promise to convert you but thatís BS. A lot of people were lied to. Fact is that their headcount has probably already been decided. And UBS is notorious for wanting to keep that headcount minimum to reap max profits. Plus if youíre in IB, itís full hours for 5 days a week. You show up at 730am, no proper lunch break (expected to eat at desk), and leave god knows when. $2.5k is a big joke.

Unregistered 08-04-2021 06:22 PM

Quote:

Originally Posted by Unregistered (Post 164703)
Your potential LMs might promise to convert you but thatís BS. A lot of people were lied to. Fact is that their headcount has probably already been decided. And UBS is notorious for wanting to keep that headcount minimum to reap max profits. Plus if youíre in IB, itís full hours for 5 days a week. You show up at 730am, no proper lunch break (expected to eat at desk), and leave god knows when. $2.5k is a big joke.

This is probably good opportunity for the manager to hire minority candidates. Nowadays, diversity and inclusion is also part of performance rating for managers working on big companies.

Unregistered 12-04-2021 08:52 PM

Quote:

Originally Posted by Unregistered (Post 164703)
Your potential LMs might promise to convert you but thatís BS. A lot of people were lied to. Fact is that their headcount has probably already been decided. And UBS is notorious for wanting to keep that headcount minimum to reap max profits. Plus if youíre in IB, itís full hours for 5 days a week. You show up at 730am, no proper lunch break (expected to eat at desk), and leave god knows when. $2.5k is a big joke.

Completely agree.

Unregistered 12-04-2021 10:17 PM

Advice
 
My advice is that do not apply with the expectations of landing a full-time role with the bank. Conversion is contingent on whether there is headcount on your assigned team which is beyond your control and I understand that there are many teams hosting trainees without a headcount. If you have zero experience in the banking/finance industry, this is a decent opportunity to gain experience and skills but do apply elsewhere in the meantime. If you have prior experience, there is no upside - it's like buying a put option in a highly bullish market and paying a ridiculous premium for it.

Unregistered 14-04-2021 09:04 PM

Anyone applied recently and completed their interviews?

Wanted to ask how you guys found it and if you know what the next steps are

Unregistered 14-04-2021 09:54 PM

Hi everyone,

Just wanted to know from the 2020 batch, what their experience is like, the department they are in and how is the work-study schedule like. If there is any further information you can provide also that would be great. Interested in applying for the program and would be glad to have more info on it.

Unregistered 14-04-2021 10:44 PM

Among all the FIs in Singapore, UBS is the most crappy one. They treat their employees like crap, and always seek to minimize costs at all costs. This "UBS Academy" **** is basically a cheap way of covering their operational work while fulfilling their headcount limitations. So if you actually think you're gonna get converted... sorry to tell you but you have a better chance elsewhere.

Unregistered 15-04-2021 08:39 AM

Quote:

Originally Posted by Unregistered (Post 165508)
Hi everyone,

Just wanted to know from the 2020 batch, what their experience is like, the department they are in and how is the work-study schedule like. If there is any further information you can provide also that would be great. Interested in applying for the program and would be glad to have more info on it.

The courses are a waste of time. Sometimes you may have to bring your work home during the two supposed off days. I havenít really learnt much from the sessions. And the programme heads think the courses are appropriate enough a reason to underpay us. If I knew this I would never have accepted offer. This programme has too many lies and I can tell you that a lot of us just want out.

Unregistered 17-04-2021 04:37 PM

seems sad
 
Hi all,

I too have applied for 2021 SUPER under AM division. just interviewed

From the interview unlikely to have any full time conversion after that. Also i did ask the EDs about the courses during the 2 remaining days but they were not very sure themselves...

any current 2020 SUPER AM interns here? care to share your experiences?

also I was warned that there would be alot of menial tasks as well.

More info would really help!

-also the telegram group link is spoilt.... is there a new group link?

Unregistered 17-04-2021 05:44 PM

Quote:

Originally Posted by Unregistered (Post 165808)
Hi all,

I too have applied for 2021 SUPER under AM division. just interviewed

From the interview unlikely to have any full time conversion after that. Also i did ask the EDs about the courses during the 2 remaining days but they were not very sure themselves...

any current 2020 SUPER AM interns here? care to share your experiences?

also I was warned that there would be alot of menial tasks as well.

More info would really help!

-also the telegram group link is spoilt.... is there a new group link?

I'm from the 2020 batch going to end my traineeship in a few months time.

You're right on the conversion, my manager just told me up front they do not intend on converting. The traineeship covers their semester long intern requisition they do twice a year, and they don't convert those either.

The program isn't really well planned, no orientation, no proper roles planned etc. It's like you're there to cover whatever work the associates and managers can't do, so you'll really get quite a range of work to do from diff managers. Most of them are very menial like data cleaning, checking etc, so there's not much learning value to it.

And somehow i get the feeling that the full timers there kind of look down on us, like they will keep saying things like, aiya why u got traineeship, never work hard enough and so on, so its kinda quite toxic there.

Some of my friends and I wanted to quit a few weeks in but realized we have no where to go. Hais.

Unregistered 17-04-2021 10:16 PM

Quote:

Originally Posted by Unregistered (Post 165514)
Among all the FIs in Singapore, UBS is the most crappy one. They treat their employees like crap, and always seek to minimize costs at all costs. This "UBS Academy" **** is basically a cheap way of covering their operational work while fulfilling their headcount limitations. So if you actually think you're gonna get converted... sorry to tell you but you have a better chance elsewhere.

That is pretty much the same case as banks all seek to minimize costs. Cutting back infrastructure support, manpower resources, rather stick to the archaic system of doing things than to embrace tech, etc.

in all honesty, which other Bank offers this kinda programme with such a low barrier to entry?
As far as I remember, the (real) aim of this programme was for UBS to "give back" to SG, since back in 2020 employment demand virtually hit rock bottom due to COVID19. More like UBS was/is trying to gain brownie points w/ the govt. And i quote from the official press release
"...... equip trainees with skills and experiences that would be valuable as Singapore's recovery phase begins following the Covid-19 pandemic.
The initiative is aligned with the workforce development priorities of the Monetary Authority of Singapore, it added."

Most of the replies here were basically suggesting the trainees treated like cheap labour, underpaid and not being able to be work on "exciting" tasks, second-class employees, etc.
With all due respect, for all of the above anyone with a quarter of a brain could see this coming from a mile.

I am working in a Bank as well, and have been in the banking industry coming 8 years. My post is not to put anyone in this programme down but rather, to highlight to you the reality v.s. expectations. It's not wrong to have expectations - i.e. the possibility of conversion but you need to weigh your options carefully. Always be on a look out for other better job prospects man..

Unregistered 17-04-2021 10:25 PM

Tips
 
I was from the 2020 SUPER batch as well and have left for an analyst role elsewhere.

The "type" of tasks/projects you will be assigned is highly dependent on your desk - I was very fortunate to be given the opportunity to work on projects / tasks similar to what full-timers do and propose ideas as well but I have heard of (many) desks that assigns purely administrative work to the trainees. For any analyst/associate role, admin/menial tasks are expected but it cannot be just that. My advice is to clarify with the interviewers and get them to provide examples of the projects/tasks you will be working on - I believe for the 2021 batch they will be more transparent.

I would be honest to tell you that conversion opportunities are super limited - there are many desks looking to take in a trainee w/o any headcount or plans to expand the team - so you can clarify with the interviewers as well (they may or may not be upfront with you so exercise your judgement) but just keep expectations low in general. Focus on learning as much as you can so you can be confident in articulating your skills and knowledge for your future interviews - and do actively apply in the meantime.

If you cannot secure a full-time offer 3-4 months into the program, my advice is to seek for rotation opportunities - you want to broaden and expand your knowledge and skill sets and this helps you to gain a better understanding of the business as well.

Unregistered 17-04-2021 11:23 PM

Quote:

Originally Posted by Unregistered (Post 165832)
I was from the 2020 SUPER batch as well and have left for an analyst role elsewhere.

The "type" of tasks/projects you will be assigned is highly dependent on your desk - I was very fortunate to be given the opportunity to work on projects / tasks similar to what full-timers do and propose ideas as well but I have heard of (many) desks that assigns purely administrative work to the trainees. For any analyst/associate role, admin/menial tasks are expected but it cannot be just that. My advice is to clarify with the interviewers and get them to provide examples of the projects/tasks you will be working on - I believe for the 2021 batch they will be more transparent.

I would be honest to tell you that conversion opportunities are super limited - there are many desks looking to take in a trainee w/o any headcount or plans to expand the team - so you can clarify with the interviewers as well (they may or may not be upfront with you so exercise your judgement) but just keep expectations low in general. Focus on learning as much as you can so you can be confident in articulating your skills and knowledge for your future interviews - and do actively apply in the meantime.

If you cannot secure a full-time offer 3-4 months into the program, my advice is to seek for rotation opportunities - you want to broaden and expand your knowledge and skill sets and this helps you to gain a better understanding of the business as well.

This guy is a troll lah.

Unregistered 18-04-2021 11:53 PM

The wealth management side of UBS is full of dumb fks by the way.

Unregistered 21-04-2021 12:25 AM

Anyone heard back yet and joining the 2021 batch?

Unregistered 22-04-2021 01:36 PM

i just got back from them and mentioned that I will be going through to the next stage (interview with HR) next week. but after this thread, I am not sure if I should still pursue this... any other thoughts of people who have been through 2020/ might be going for the batch in 2021?

Unregistered 22-04-2021 04:02 PM

Does anyone know what the whole selection process is?

Unregistered 22-04-2021 04:54 PM

Quote:

Originally Posted by Unregistered (Post 166166)
i just got back from them and mentioned that I will be going through to the next stage (interview with HR) next week. but after this thread, I am not sure if I should still pursue this... any other thoughts of people who have been through 2020/ might be going for the batch in 2021?

u can scroll back thru past replys.

not very good. which is kinda expected.

bottomline = if your mkt power high = reject
mkt power low= enter while looking for exit opps.

Unregistered 22-04-2021 06:17 PM

Quote:

Originally Posted by Unregistered (Post 166166)
i just got back from them and mentioned that I will be going through to the next stage (interview with HR) next week. but after this thread, I am not sure if I should still pursue this... any other thoughts of people who have been through 2020/ might be going for the batch in 2021?

Is this your first round of interview or second round? Did not realise there is a hr round too

Unregistered 23-04-2021 06:52 PM

Anyone joining the AM division?

Unregistered 23-04-2021 09:18 PM

i may be...

unlikely tho.

Unregistered 24-04-2021 12:54 AM

Quote:

Originally Posted by Unregistered (Post 166363)
i may be...

unlikely tho.


Who did you get interviewed by?

Unregistered 24-04-2021 12:59 AM

Quote:

Originally Posted by Unregistered (Post 166181)
Does anyone know what the whole selection process is?


1. Online application - just need to submit in your information and experience etc and your divisions/team preference
2. Online interview - quite quick like 3 questions
3. Online test - need to do like 4-5 diff test
4. Department interviews - the departments and teams that want you will interview you, so can be 3-5 teams which may want you and can last around 30mins to 1hr for each team
5. HR interview - just a formality thing

Which team shortlists you for interview really depends on your experience, your preference you selected and how well you do on your tests. Unfortunately after you get interviewed by each team, you canít choose which one you want to go with, they will choose you.

Unregistered 24-04-2021 01:00 AM

Quote:

Originally Posted by Unregistered (Post 166166)
i just got back from them and mentioned that I will be going through to the next stage (interview with HR) next week. but after this thread, I am not sure if I should still pursue this... any other thoughts of people who have been through 2020/ might be going for the batch in 2021?

Which teams did you get interviewed by for your previous round?

Unregistered 24-04-2021 08:20 AM

Anyone knows how long do they take to get back after video interview?
And the subsequent interviews with dept and hr are they f2f or online as well

Unregistered 24-04-2021 08:49 AM

Quote:

Originally Posted by Unregistered (Post 166397)
Anyone knows how long do they take to get back after video interview?
And the subsequent interviews with dept and hr are they f2f or online as well

No f2f interviews at all cause of covid. If you finished your video interview already, you should be hearing back soon, they are conducting the department interviews now.

Unregistered 24-04-2021 03:27 PM

Anyone know what's the benefit like working ubs as perm staff

Unregistered 24-04-2021 04:03 PM

Quote:

Originally Posted by Unregistered (Post 166207)
Is this your first round of interview or second round? Did not realise there is a hr round too

the coming one would already be my second (and apparently last one based on what the person who called me mentioned). it seems like after this, would be the discussion of contract etc

Unregistered 24-04-2021 04:08 PM

Quote:

Originally Posted by Unregistered (Post 166384)
Which teams did you get interviewed by for your previous round?

i am not sure which department but i was interviewed by an associate director and a HR representative (i will probably be joining the hr team if it is successful since that is what I am pursuing in uni)

Unregistered 24-04-2021 04:11 PM

Quote:

Originally Posted by Unregistered (Post 166191)
u can scroll back thru past replys.

not very good. which is kinda expected.

bottomline = if your mkt power high = reject
mkt power low= enter while looking for exit opps.

thank you for the advice! the only opportunity cost is whether it would be worth for the ubs name on your resume while tanking the low pay.

plus i would say based on my first interview round, it has been a rather pleasant experience and the interviewers are really great and welcoming (which is pretty hard to come by given that other interviews I have attended have been pretty shitty).

Unregistered 24-04-2021 06:39 PM

Quote:

Originally Posted by Unregistered (Post 166444)
thank you for the advice! the only opportunity cost is whether it would be worth for the ubs name on your resume while tanking the low pay.

plus i would say based on my first interview round, it has been a rather pleasant experience and the interviewers are really great and welcoming (which is pretty hard to come by given that other interviews I have attended have been pretty shitty).

Maybe this is the reason why you cant find a job and am going for a traineeship.

Employers dont look at brand names, but ur job scope, responsibilities, skills etc.

Unregistered 24-04-2021 07:08 PM

Quote:

Originally Posted by Unregistered (Post 166455)
Maybe this is the reason why you cant find a job and am going for a traineeship.

Employers dont look at brand names, but ur job scope, responsibilities, skills etc.

Employers do look at brand names. Donít be ridiculous.

Google vs no-name SME - who will you pick?

JPM vs Sri Lanka Bank - who will you pick?

Unregistered 24-04-2021 07:46 PM

Quote:

Originally Posted by Unregistered (Post 166456)
Employers do look at brand names. Donít be ridiculous.

Google vs no-name SME - who will you pick?

JPM vs Sri Lanka Bank - who will you pick?

I only had one internship and a bank and the rest are like meh, but i still got 4 offers from banks? Irrelevant


All times are GMT +8. The time now is 03:34 AM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2