After UBS Group adjusted its salary structure, the salary increase received by junior investment bank employees when promoted to the lowest level of manager this year has been reduced. According to unnamed sources familiar with the matter, analysts based in Zurich learned in July this year that they will be promoted to the level of “Level 0 Manager” with a basic salary of about CHF 155,000. The source revealed that the salary for this rank is about 20,000 Swiss francs less than before. UBS's analyst term was shortened from three to two years in 2023, so the bank's bankers were promoted to higher-paying managers' ranks faster than in the past. However, people familiar with the matter said that UBS management believed that the salary increase when promoted from analyst to manager was too large, so they added the middle level of “level 0 manager.”

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