Think of UBS in Singapore and across Asia, and you’ll probably think of its huge private banking arm – the largest by headcount and assets of any bank in the region. But UBS is also trying to expand its Asian investment banking unit – in November it became the first foreign-owned bank to take a majority stake in a Chinese joint venture. Last year UBS ranked a healthy fifth for APAC (ex-Japan) core IB revenue, according to Dealogic.
If you’re planning to join UBS in Singapore, you’ll want to research the bank’s strategy in Asia…and you’ll also want to know roughly how much UBS staff are currently getting paid in salaries and bonuses.
How much does UBS pay in salaries and bonuses in Singapore?
Helpfully, employees in Singapore have provided details of their UBS salaries and bonuses to the website Glassdoor. We’ve been through this data and compiled the UBS pay table below, which outlines base salaries, bonuses and total compensation at UBS in Singapore at five different levels of seniority (we’ve left out some job ranks, such as MD, because there wasn’t enough data).
Be aware, however, that these are generalist figures across all job functions (including, for example, operations). Front-office investment bankers, in particular, should expect to earn more than these baseline-only numbers.
By the time you’re an associate at UBS, you’ll be on about S$90k and could secure a S$20k annual bonus. Your earnings really start to rise when you reach associate director level at UBS. Your total comp will be about S$280k, made up of a S$160k salary and a S$120k bonus. Then comes the bigger money – directors and EDs take home base salaries of S$250k and S$350k, respectively.
Image credit: thamerpic, Getty
Have a confidential story, tip, or comment you’d like to share? Email: firstname.lastname@example.org or Telegram: @simonmortlock
We are on Telegram! Join us now