UBS: This Inclusive Investment Bank Is on the Rise with Minority Leadership Helping to Steer Intiatives within the Corporate Culture

Diversity Employers, October 2004 | Go to article overview

UBS: This Inclusive Investment Bank Is on the Rise with Minority Leadership Helping to Steer Intiatives within the Corporate Culture


Milton Irvin

[ILLUSTRATION OMITTED]

Title: Managing Director Global Head of Recruiting, Training and Development

Fixed Income Rates & Currencies--UBS Investment Bank

Description of position: Milton is responsible for the recruitment, training, placement and professional development of the candidates in the UBS graduate training program.

With the company since: January 2002

University Degrees: BA--United States Merchant Marine Academy MBA--Wharton School of Business, University of Pennsylvania

What advice would you give students of color who are considering a career in banking?

Working on Wall Street is one of the greatest jobs in the world. If you make the investment in business school, it behooves you to at least explore the world of investment banking. Sure it's very competitive, but that's the appeal--the challenge and the financial rewards that are commensurate with that. It goes without saying that you have to be confident, analytical, and have excellent interpersonal skills to succeed in this industry. So if you feel you're one of the best, try it. Visit the companies, talk with their senior executives, spend time on the trading floor, explore the possibility to see if you could have a passion for it. The business involves long hours but if you love it, it's worth it.

Why should people of color choose UBS?

UBS is exciting because it's growing which creates numerous opportunities. You can have a future. A person of color should choose UBS Investment

Bank for the same reason anyone else would, because it is on the rise. In fact, UBS was just named the Best Global Investment Bank in 2004 by Euromoney. Additionally, UBS is moving in the right direction as far as diversity goes. We're getting the message out that we're an inclusive firm. We're involved with various organizations in the community apart from our overall campus recruitment efforts. We have a global head of diversity whose mandate it is to look after all the business units worldwide to ensure this is a priority. We also have a Minority Leadership Council at UBS. This group of African-American and Hispanic leaders are role models for other people of color in the firm and drive many of the initiatives that are shaping the culture at UBS.

How is the culture of a U. …

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