Pros
The home office of UBS Financial Services generally provides a good work life balance - if your commute to Weehawken is reasonable. There are also a number of good people still there who care about what they do.
Cons
Machine shop mentality where most employees are treated like cogs. Each IT and Operations team is now mandated to be at least 70% outsourced with no more than 20% full time. At the same time, there is a massive hiring spree going on at the Executive Director level and above. People from the Director level and down are moved around without their consultation or even a discussion of the effect to their income, career paths, or desire for growth. The general feel from management is that anyone from the Director (and even in many cases Executive Director) on down should just be glad to have a job. As a result, there is a huge exodus at the more junior levels (both via layoffs and resignations) among the people who have been there less than 6 years. Staff who have been there longer are holding out for a severance package or a buyout.