Investment Banking — 2026 Guide

UBS Aptitude Test & Full Recruitment Guide 2026

The complete guide to UBS graduate and internship recruitment — SHL online assessments, HireVue digital interview, assessment centre stages, cut scores by division, and a 4-week preparation plan.

5Recruitment stages
~75thEst. SHL cut score (percentile)
Global60+ countries
2026Fully updated

Overview & UBS Divisions

UBS is one of the world's largest and most prestigious wealth managers and investment banks, headquartered in Zurich and with major operations in London, New York, Hong Kong, and Sydney. Its 2023 acquisition of Credit Suisse made UBS the dominant Swiss banking institution and significantly expanded its global footprint across wealth management, investment banking, and asset management.

UBS hires hundreds of graduates annually across its major divisions. The recruitment process is structured, competitive, and multi-stage — combining quantitative aptitude testing, behavioural video interviews, and an in-person or virtual assessment centre. Understanding which division you are targeting is essential because test emphasis, cut scores, and assessment centre content differ meaningfully between front-office and support divisions.

DivisionCore ActivitiesAssessment Emphasis
Global Wealth Management (GWM)UHNW/HNW client advisory, portfolio management, lendingNumerical reasoning, client scenario role play, communication skills
Investment Bank (IB)M&A advisory, ECM/DCM, sales & trading, researchNumerical + verbal SHL, technical interviews (valuation, markets), superday
Asset ManagementInstitutional portfolio management, alternatives, ETFsNumerical, investment case discussion, portfolio construction concepts
Personal & Corporate Banking (P&C)Retail and corporate banking in Switzerland primarilyVerbal + situational judgement; relationship management scenarios
Group Functions (Risk, Finance, Compliance, Tech)Risk management, financial control, IT infrastructureMixed aptitude; analytical case studies; technical role-specific screening
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The Credit Suisse integration has changed UBS's recruitment landscape

Following UBS's acquisition of Credit Suisse in 2023, the combined firm has significantly restructured roles across investment banking and wealth management. For 2025–2026 recruitment, UBS has stabilised its hiring processes, but competition for front-office roles is intensified by the expanded applicant pool. Researching UBS's post-merger strategic direction and its positioning as the world's largest wealth manager is essential for motivational interviews.

The Full UBS Recruitment Process

Stage 1

Online Application

CV, academic transcript, and motivational questions ("Why UBS?", "Why this division?", "What relevant experience do you have?"). UBS uses an application tracking system — strong academic results and relevant internship or project experience improve your initial screening odds.

  • Minimum academic threshold varies by division and region — typically 2:1 UK / 3.5 GPA US
  • Tailored motivation questions are taken seriously — generic banking answers are weeded out early
  • Applications are reviewed on a rolling basis — earlier is materially better
Stage 2

SHL Online Assessments (TalentCentral)

UBS uses SHL TalentCentral for numerical and verbal reasoning screening. Inductive reasoning is included for some divisions. You typically receive a 72-hour window to complete the tests from invitation. Tests are unproctored at this stage but may be re-verified in person later.

  • Numerical Reasoning: ~25 min, 20–25 questions — data tables, charts, financial calculations
  • Verbal Reasoning: ~25 min, 30 questions — True/False/Cannot Say
  • Inductive Reasoning (IB and some other roles): 20 min, 12 questions — pattern sequences
  • Norm group: finance graduates — a highly competitive reference population
Stage 3

HireVue Digital Interview

Pre-recorded video interview: 4–6 questions, 30–60 seconds preparation, 2–3 minutes to respond. Reviewed by UBS recruiters and hiring managers. Combination of motivational, competency, and situational questions. Some IB roles include a brief market or technical question.

  • Dress professionally — treat as an in-person interview
  • Have specific, quantified examples ready using the STAR method
  • Practise recording yourself before the live session
Stage 4

First Round Interview (some divisions)

Not all UBS roles include a separate first-round — some go directly from HireVue to Assessment Centre. Where included: typically a 30–45 minute call with an HR contact or junior banker. Covers motivation, CV walkthrough, and basic technical questions.

  • IB first rounds: "Walk me through a recent M&A deal", "What is EBITDA?", "Why investment banking?"
  • GWM first rounds: "What does a wealth manager do?", "Tell me about an investment you'd recommend"
  • Always know your target division's business model in depth before this stage
Stage 5

Assessment Centre / Superday

Full-day in-person or virtual event. Typically includes: 2–4 competency interviews, a technical or case study exercise, and sometimes a group discussion. IB roles have a more intensive interview schedule; GWM has client-scenario exercises.

  • UBS Assessment Centres may include an aptitude test re-sit to verify online scores
  • IB superdays: 3–5 interviews with analysts, associates, and VPs including technical questions
  • Prepare written materials (CV summary, key stories) to review the night before

SHL Online Assessments

UBS uses the SHL TalentCentral platform for its online aptitude screening. This is the same platform used by Goldman Sachs, J.P. Morgan, HSBC, Deutsche Bank, and many other major financial institutions — which means the question format is well-established and you can prepare using standard SHL practice materials.

TestFormatTime LimitUBS PriorityKey Strategy
Numerical ReasoningData tables, charts — 5-option MCQ~25 min / 20–25Q🔴 Critical for all rolesEstimate before calculating; watch ratio vs percentage traps
Verbal ReasoningPassage + True/False/Cannot Say~25 min / 30Q🟡 HighRead the statement before the passage; "Cannot Say" when inference required
Inductive ReasoningAbstract shape sequences — MCQ20 min / 12Q🟡 IB and tech rolesUse NSCRP scan (Number, Size, Colour, Rotation, Position)
Target the 75th+ percentile for UBS front-office roles

Based on candidate reports, UBS applies an estimated cut score of around the 70th–80th percentile for Investment Bank roles, with GWM and Group Functions slightly lower (65th–75th). This is competitive but below the Goldman Sachs threshold — however, the UBS applicant pool is also large. Use our free timed SHL practice tests to build speed and accuracy before your invitation window opens.

Numerical Reasoning Preparation for UBS

UBS's numerical reasoning questions follow standard SHL format: a data table or chart is presented, followed by 3–5 calculation questions. Common calculation types include percentage change, ratio, proportional allocation, and currency conversion. The key skill is speed — with 25 minutes for up to 25 questions, you have roughly 60 seconds per question. Practice is essential for building the automatic recognition of calculation types that allows you to work quickly without re-reading unnecessarily.

See our full SHL Numerical Reasoning guide for worked examples and step-by-step strategies. Pair with our SHL test results guide to understand how your practice percentile translates to real-world cut scores.

HireVue Digital Interview

UBS uses HireVue for pre-recorded video screening following the SHL tests. The format is identical to other major investment banks: questions appear on screen, you prepare briefly, then record your response. UBS recruiters — not an automated AI system alone — review responses and use them as a primary shortlisting tool for the Assessment Centre invitation.

Common UBS HireVue Question Categories

  • Motivation: "Why UBS specifically?", "Why wealth management / investment banking?", "Why this division rather than a competitor?" — Answers must be specific. Reference UBS's market leadership in wealth management, specific products or markets you've researched, or the Credit Suisse integration's strategic implications. Generic "prestigious bank" answers are eliminated quickly.
  • Competency (STAR format): "Describe a time you worked in a high-pressure team", "Give an example of when you influenced others", "Tell me about a time you had to analyse complex data" — Prepare 6–8 STAR stories covering leadership, analysis, collaboration, and commercial awareness. See our STAR method guide for worked examples.
  • Commercial awareness: "What significant financial market event has interested you recently, and what are its implications?" — Have a prepared, data-supported view on a current macro or market theme relevant to UBS's businesses (wealth management flows, M&A activity, rates environment, USD/CHF dynamics).
  • Strengths-based questions (some roles): "What do you find genuinely energising about financial services?", "What are you naturally best at?" — UBS uses some strengths-based interview elements, particularly for GWM roles. Answer authentically — these are designed to detect rehearsed vs genuine responses.
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UBS HireVue is reviewed by humans — quality of content matters more than delivery polish

Unlike some employers who use AI scoring of facial expressions or tone, UBS's HireVue responses are primarily evaluated by human recruiters and hiring managers for content quality. A clearly articulated, specific, well-structured answer with real examples will outperform a polished but generic performance. Focus preparation on your examples and structure, not on broadcasting techniques.

Assessment Centre Stages

The UBS Assessment Centre (sometimes called the Insight Day or Final Round) is typically a half-day to full-day event. Format varies by division and region. Investment Bank roles tend to have the most intensive interview schedules; GWM and Group Functions include more case-based and role-play exercises.

Investment Bank Assessment Centre

  • Technical interviews (2–3 rounds): Valuation questions ("Walk me through a DCF", "How do you value a company?"), market knowledge ("What do you think about current M&A volumes and why?"), accounting ("If depreciation increases by £10m, what happens to the three financial statements?").
  • Behavioural interviews (1–2 rounds): STAR-format questions on leadership, teamwork, handling pressure, and motivation. Senior interviewers (VPs, Directors) typically conduct these.
  • Aptitude re-sit: Some UBS offices conduct a supervised numerical reasoning re-sit to verify your online score. The format is the same as TalentCentral — no surprises if you prepared for the online version.

Global Wealth Management Assessment Centre

  • Client scenario role play: You play a junior relationship manager meeting a client with specific financial goals and constraints. Assessors observe your questioning technique, rapport-building, and ability to explain financial concepts clearly.
  • Case study: A portfolio or client situation requiring analysis and a written or verbal recommendation. Tests structured thinking and commercial awareness rather than financial modelling depth.
  • Competency interviews: Similar to IB but with more emphasis on client empathy, relationship-building, and the advisor mindset than technical modelling knowledge.

For a comprehensive breakdown of assessment centre formats, exercises, and scoring criteria, see our Assessment Centre Complete Guide. For group exercise dynamics specifically, see our Group Exercise guide.

UBS Cut Scores by Division

UBS does not publish its SHL cut scores. The following estimates are based on aggregated candidate reports and should be treated as indicative rather than definitive thresholds. Scores are expressed as approximate percentile requirements within the finance graduate norm group.

DivisionNumericalVerbalInductiveCompetition Level
Investment Bank~75th–80th %ile~70th %ile~70th %ileVery High
Global Wealth Management~70th %ile~70th %ileNot always usedHigh
Asset Management~75th %ile~65th %ile~65th %ileHigh
Group Functions (Risk/Finance)~65th %ile~65th %ileNot always usedModerate–High
Technology~65th %ile~60th %ile~70th %ileModerate–High
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Cut scores are a floor — top scorers have a real advantage

Meeting the estimated cut score gets your application into the next review stage, but in competitive cycles (especially for IB) a score just above the threshold does not guarantee an interview. Recruiters at UBS — as at most banks — look at the full application including SHL performance, CV quality, and motivation answers as a combined picture. Higher SHL scores give your overall profile a stronger foundation. For context on what different percentiles mean, see our guide on what is a good SHL score.

4-Week Preparation Plan

Week 1: SHL Test Preparation

  • Baseline assessment: complete one full timed numerical, verbal, and inductive test at CareerTestPrep. Record your starting percentile on each.
  • Read and study the numerical reasoning strategy guide and verbal reasoning guide. Focus on your weakest areas identified from the baseline test.
  • 30 minutes of timed practice daily, alternating test types. Review every incorrect answer — understanding the error is more valuable than the practice time itself.

Week 2: Test Skills + UBS Research

  • Run 2–3 complete practice test sets per week. Track percentile improvement. Target: 5th–10th percentile gain in your weakest subject by end of week 2.
  • Research UBS's business: wealth management market position, key recent transactions in your target division, Credit Suisse integration outcomes, and UBS's 2025–2026 strategic priorities.
  • Draft your "Why UBS / Why this division" answer. It must reference specific UBS products, markets, or strategic initiatives — not generic banking or prestige talking points.

Week 3: HireVue & Interview Preparation

  • Build your STAR story bank: 6–8 examples covering leadership, data analysis, collaboration, persuasion, commercial awareness, and a failure/setback. Use the STAR framework guide.
  • Record and review HireVue practice sessions — answer 8–10 common UBS questions on camera. Watch for filler words, unclear examples, or lack of specificity.
  • For IB: study core technical interview topics — DCF walkthrough, enterprise value vs equity value, M&A rationale, three financial statement linkages. Know at least 2–3 current market themes relevant to UBS's businesses.
  • For GWM: study wealth management fundamentals — asset allocation, risk profiling, product types (ETFs, structured products, alternatives). Understand UBS's wealth management client segments.

Week 4: Assessment Centre Simulation

  • Run a mock assessment centre: 30-min competency interview, 20-min technical interview (IB) or client role play (GWM), followed by a written case analysis under time pressure.
  • Prepare 5 thoughtful questions for your UBS interviewers — about the team, the division's current strategic priorities, and the integration of Credit Suisse operations.
  • Review commercial awareness concepts for finance — key metrics, current macro environment, sector-relevant trends.
  • Final confidence test session — hit your target percentile on numerical reasoning before Assessment Centre day.

Frequently Asked Questions

Does UBS use SHL tests?+
Yes — UBS uses the SHL TalentCentral platform for its online pre-screening assessments. This is the same platform used by Goldman Sachs, J.P. Morgan, Barclays, HSBC, Deutsche Bank, and most other major global banks. The tests include Numerical Reasoning and Verbal Reasoning for all roles, with Inductive Reasoning added for Investment Bank and some technology positions. Preparing with SHL-format practice tests is the most direct and effective way to prepare for the UBS online assessment stage.
What is the UBS SHL cut score?+
UBS does not disclose its official cut scores, and thresholds vary by division and recruitment cycle. Based on aggregated candidate reports, estimated cut scores for UBS Investment Bank roles are approximately 75th–80th percentile on the numerical reasoning test and around 70th percentile on verbal reasoning, both within the finance graduate norm group. GWM and Group Functions roles have slightly lower estimated thresholds (65th–70th percentile). These are estimates — treat the 75th percentile as a reasonable target when preparing for any UBS front-office role.
How many interview rounds does UBS have?+
The UBS recruitment process typically has 4–5 stages: online application, SHL tests, HireVue digital interview, an optional first-round phone or video call, and a final Assessment Centre (which includes 2–4 interviews plus a case or exercise). For Investment Bank roles, the Assessment Centre is the most intensive, typically including both technical and behavioural interviews with multiple interviewers from the division. GWM Assessment Centres include client scenario exercises alongside interviews. Total time from application to offer is typically 6–12 weeks.
What is the UBS HireVue like?+
The UBS HireVue is a pre-recorded one-way video interview consisting of 4–6 questions. Each question is displayed on screen; you have 30–60 seconds to prepare your thoughts and then 1–3 minutes to record your response. Questions typically cover motivation (why UBS, why this division), competency situations (STAR format — leadership, teamwork, analytical thinking), and sometimes a brief market or commercial awareness question. UBS's HireVue responses are reviewed by human recruiters, not only by automated AI scoring — the quality, specificity, and structure of your examples are the primary evaluation criteria.
When does UBS open graduate applications?+
UBS graduate and internship applications typically open in late summer to autumn for the following year's intake. For UK and European candidates, Investment Bank graduate applications usually open July–September. In the US, summer analyst applications typically open August–October. Applications close when roles are filled — earlier applications are reviewed first, and top candidates are often offered internships or graduate positions several months before the official start date. Monitor UBS's careers portal from July onwards and apply within the first few weeks of the window opening.

Ready to Prepare for UBS?

Build your SHL test performance with our free timed practice tests. Target the 75th+ percentile in Numerical Reasoning before your UBS assessment invitation arrives.