UBS Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at UBS, including base salary, bonuses, and total compensation at every level.
Last updated April 2026 · By the Superday AI editorial team
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$110,000
$195,000 - $235,000
$325,000 - $375,000
Analysis
UBS pays first-year analysts a $110,000 base plus a $60,000 to $90,000 year-end bonus, for total first-year compensation of about $195,000 to $235,000 in 2026, putting it in the lower bulge bracket alongside Barclays and Deutsche Bank.
Key facts
- UBS first-year analysts earn a $110,000 base salary plus a year-end bonus of roughly $60,000 to $90,000.
- First-year total analyst compensation runs about $195,000 to $235,000 in 2026, plus a $10,000 signing bonus.
- First-year associates see total comp of $325,000 to $375,000, with a $175,000 base and a $50,000 signing bonus.
- UBS bonuses typically run 20-30% below Goldman, Morgan Stanley, and JPMorgan, and 10-15% below Bank of America and Citi.
- Perks include overtime compensation, dinner and transportation allowances, and comprehensive healthcare.
Base & Bonus
First-year analysts start at a $110,000 base salary plus a year-end bonus of roughly $60,000 to $90,000, with a $10,000 signing bonus on top. Base pay climbs to $125,000 in year two and $135,000 in year three, with year-end bonuses rising to $75,000 to $110,000 and $85,000 to $125,000 respectively. First-year associates earn a $175,000 base, a $50,000 signing bonus, and a $100,000 to $150,000 year-end bonus.
Total Compensation
Total first-year analyst compensation lands at about $195,000 to $235,000 in 2026, holding at $200,000 to $235,000 in year two and reaching $220,000 to $260,000 in year three. First-year associate total comp runs $325,000 to $375,000. These figures place UBS in the same bracket as Barclays and Deutsche Bank.
How It Compares
UBS sits alongside Barclays in the lower bulge bracket tier. Bonuses typically run 20-30% below Goldman, Morgan Stanley, and JPMorgan, and 10-15% below Bank of America and Citi. The pay is currently at a discount to GS and MS, but comes with the optionality of a platform investing heavily in growth and the distinctive advantage of the world's largest wealth management integration.
What Drives Pay
UBS compensation is in a transitional phase following the Credit Suisse integration, with the firm investing aggressively to retain talent and attract new hires to the combined platform. It has paid above-market for strategic hires in coverage areas strengthened by the acquisition, and introduced retention packages and guaranteed bonuses for key personnel absorbed from Credit Suisse. As the combined platform scales its deal activity and fee revenue, bonus pools are expected to expand. The package also includes overtime compensation, dinner and transportation allowances, comprehensive healthcare, and potential secondments to Zurich, London, or Asian offices.
Analyst Compensation
First-year analysts at UBS earn a base salary of $110,000 with a year-end bonus of $60,000 - $90,000, bringing total first-year compensation to approximately $195,000 - $235,000. Second-year analysts earn approximately $200,000 - $235,000 total comp, rising to $220,000 - $260,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $60,000 - $90,000 | $195,000 - $235,000 |
| Analyst 2 | $125,000 | $75,000 - $110,000 | $200,000 - $235,000 |
| Analyst 3 | $135,000 | $85,000 - $125,000 | $220,000 - $260,000 |
* Stub bonus of $15,000 - $25,000 may apply for analysts starting mid-year.
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $175,000 | $100,000 - $150,000 | $325,000 - $375,000 |
| Associate 2 | $200,000 | $120,000 - $190,000 | $320,000 - $390,000 |
How UBS Compares
UBS sits alongside Barclays in the lower bulge bracket tier. Bonuses typically run 20-30% below Goldman, Morgan Stanley, and JPMorgan, and 10-15% below Bank of America and Citi.
Benefits & Perks
Meals & Transportation
Dinner stipend after 7pm, transportation support
UBS Compensation Overview
UBS maintains competitive base salaries but bonus pools reflect the firm's Swiss heritage and conservative approach to compensation. Following the Credit Suisse acquisition, UBS has consolidated its position but faces integration challenges that can impact bonus consistency. The firm's strength in wealth management and Swiss banking provides unique career pathways beyond traditional investment banking. Technology, healthcare, and industrials groups tend to perform well, with bonuses approaching the higher end of ranges. UBS emphasizes long-term career development over pure compensation maximization, appealing to analysts interested in global mobility and wealth management integration. The firm's risk management culture can result in lower bonuses during volatile markets compared to American peers.
Frequently Asked Questions
What is the total compensation for a first-year analyst at UBS?
First-year analysts at UBS earn a base salary of $110,000 with a year-end bonus of $60,000 - $90,000, bringing total compensation to approximately $195,000 - $235,000.
How do UBS bonuses compare to other Bulge Bracket banks?
UBS sits alongside Barclays in the lower bulge bracket tier. Bonuses typically run 20-30% below Goldman, Morgan Stanley, and JPMorgan, and 10-15% below Bank of America and Citi.
Does UBS pay overtime?
Yes, UBS does pay overtime to eligible analysts, which can meaningfully increase total compensation.
More UBS Resources
Sources
- UBS - Early Careers. UBS (accessed 2026-05-14)
- Johnson Associates - Compensation Reports. Johnson Associates (accessed 2026-05-14)
- UBS Coverage - Financial Times. Financial Times (accessed 2026-05-14)