Pros
Workinh hours are generally not bad. Some manage to work 9 to 5; 9 to 6:30 is probably the norm but some do work till 10pm / midnight (with no reward for that). Finance has been immune from lay offs - do not know anyone from finance who has been made redundant in the last seven years.
Cons
Poor Pay. Espeially so if you are with UBS for a long time as they tend not to raise it. So you might find that the difference in pay between people doing the same job is as much as 25%-30% which is a lot for finanace. Politics. Politics. Politics. Lack of promotion. It is openly admitted by the management that due to very low promotion numbers existing staff are 1-2 ranks bellow equivalent new-comers. Lots of incompetent, uneducated/unqualified management even in very technical roles. Poor development and learning oppotunities. ""Take it or Leave it" culture to employee satisfaction.