The good news is that UBS has some money to pay employees. The bad news is that there may not be enough to go around for everyone, depending on how things spread out.
We get our numbers on Wednesday. Group head made it clear this morning that there would be "quite a few zeroes and worse" across IBD. Total comp down in the neighborhood of 70%. Six-figure sums have been allocated to entire groups (in the neighborhood of 50 people)
S&T analysts and associates received "2500 USD equivalent" (yes, analysts and associates got the same amount)
Numbers for first and second year analysts (who are not happy). "It's been two weeks since UBS numbers came out and nobody wants to talk about it, for obvious reasons. Second years (base: 80k) ranging 45-65k and heard of some first years getting around 40k (base: 70k). And they could only achieve these numbers ("in line with the street") after firing 30+ analysts right before communication day."
