Discover your dream Career
For Recruiters

UBS salaries and bonuses: high earners get smallest increase

UBS publishes its annual report today, and with it details of compensation in 2021. While salaries and bonuses at the bank went up last year, they didn't go up by nearly as much as at some rivals.

Overall, UBS 2021 bonus pool was up 10% on 2020. The bank said this reflect its strong performance, mitigated by the "reputational impact" of the $774m it lost relating to Archegos. This loss meant bonuses were subject to "a significant downward revision," compared to what might otherwise have been.

The good news, though, is that the highest of UBS's high earners earned more than they have done for years, and that the average UBS employee didn't do badly either. 

As the chart below shows, UBS's 699 'key risk takers' (defined as anyone earning more than USD/CHF2.5m, plus staff in significant risk taking positions) earned an average of $2.2m last year, up 37% on the lows of 2019.

Key risk takers are the highest of UBS's high earners. Everyone else earned a lot less. UBS employs 71,385 people in total, of whom 58,850 received a bonus for 2021. That bonus averaged 'just' $62k, but was up by a more generous 8%. Key risk takers were punished most for the Archegos issue.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor
  • UB
    UBS give boness
    28 January 2023

    does ubs give bonnusses to people making $110 yr

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
AXA Investment Managers
US Head of Risk Management
AXA Investment Managers
Greenwich, United States
Deutsche Bank
Flow Credit Desk Analyst - Vice President - Director
Deutsche Bank
New York, United States
Wellington Management Company, LLP
Equities Trader
Wellington Management Company, LLP
Singapore
Arab Monetary Fund
Investment Risk Officer
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
Temasek International Pte Ltd
Director, Research, Active Alpha Team (AAT) (10813)
Temasek International Pte Ltd
Singapore

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.