UBS Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at UBS, including base salary, bonuses, and total compensation at every level.
Figures re-verified July 2026 against 2025-26 bonus-cycle data · By the Superday AI editorial team
Preparing for UBS? Practice with Real Questions
Master the technical and behavioral questions to maximize your chances.
$110,000
$165,000 - $195,000
$325,000 - $375,000
Analysis
UBS pays first-year analysts a $110,000 base, a $10,000 signing bonus, and a $45,000 to $75,000 year-end bonus, for total first-year compensation of about $165,000 to $195,000 in the 2025-26 cycle — level with Morgan Stanley, Bank of America, and Citi in the middle of the bulge bracket.
Key facts
- UBS first-year analysts earn a $110,000 base salary plus a year-end bonus of roughly $45,000 to $75,000.
- First-year total analyst compensation runs about $165,000 to $195,000 in the 2025-26 cycle, including 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 year-one totals sit level with Morgan Stanley, Bank of America, and Citi, about $15,000 below Goldman Sachs and $5,000 below JPMorgan.
- 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 $45,000 to $75,000, with a $10,000 signing bonus on top — figures consistent with July 2026 WSO bonus submissions showing a $110,000 base and a $75,000 top-bucket bonus. Base pay climbs to $125,000 in year two and $135,000 in year three, with year-end bonuses rising to $60,000 to $95,000 and $70,000 to $110,000 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 $165,000 to $195,000 in the 2025-26 cycle — base plus signing plus the first full-year bonus — rising to $185,000 to $220,000 in year two and $205,000 to $245,000 in year three. First-year associate total comp runs $325,000 to $375,000. These figures place UBS in the same bracket as Morgan Stanley, Bank of America, and Citi.
How It Compares
UBS sits level with Morgan Stanley, Bank of America, and Citi on year-one totals. Goldman Sachs, the top-paying bulge bracket, runs about $15,000 ahead and JPMorgan about $5,000 ahead, while UBS edges out Barclays and Deutsche Bank. The gap to GS is modest, and the seat 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 $45,000 - $75,000, bringing total first-year compensation to approximately $165,000 - $195,000. Second-year analysts earn approximately $185,000 - $220,000 total comp, rising to $205,000 - $245,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $45,000 - $75,000 | $165,000 - $195,000 |
| Analyst 2 | $125,000 | $60,000 - $95,000 | $185,000 - $220,000 |
| Analyst 3 | $135,000 | $70,000 - $110,000 | $205,000 - $245,000 |
Methodology: year-1 totals are base + signing + first full-year bonus for the 2025-26 cycle, compiled from self-reported data (WSO bonus threads, H1B filings, Levels.fyi, Glassdoor). Bucket spread at the same bank can run $30-50K top to bottom; figures for firms with limited public disclosures, and year 2+ and associate rows, are directional estimates.
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 level with Morgan Stanley, Bank of America, and Citi in the bulge bracket's middle tier. Year-one totals run about $15K below Goldman Sachs, modestly below JPMorgan, and slightly above Barclays and Deutsche Bank.
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 top of the $45K-$75K first-year range — July 2026 WSO bonus submissions show top-bucket analysts landing $75K on a $110K base. 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 $45,000 - $75,000, bringing total compensation to approximately $165,000 - $195,000.
How do UBS bonuses compare to other Bulge Bracket banks?
UBS sits level with Morgan Stanley, Bank of America, and Citi in the bulge bracket's middle tier. Year-one totals run about $15K below Goldman Sachs, modestly below JPMorgan, and slightly above Barclays and Deutsche Bank.
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)