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Vault Message Board: UBS Financial Services and UBS Global Asset Management

Topic Name: Math Test
Message Name: Run Away
Date Posted: 03/11/2006
In Reply To: The test was divided into two sections. First section was a logic test: Questions like: The Union workers were told that they would receive a 10% bonus IF ABC company had an increase of sales that year. All Union workers who are capable of receiving a bonus took the speical employee training class two years ago. Company ABC had a profitable year. George is a union worker, received a bonus, but never took the spcial class. A: True B: Kind of true C: Not enough info D: Kind of False E: False ------------ I hate word problems and don't understand what connection they have to being a success in sales...which is basically what the Financial Services position is. I got the idea, that a bunch of MBA's create the test, with little understanding of what a sales peronality is. --------------- Second part of the test has to do with word problems. stuff like: Mrs Smith has a portfolio valued at 400,000. 33% of her money is in ABC stock which she purchased 4 years ago at 22 1/8 per share. Another 33% of her money is in XYZ stock she purchased 10 years ago at 78 1/16 per share. The final 33% of her money is in WWW stock she bought 3 years ago for 100 per share. If Mrs. Smith had sold ABC stock for a 30% increase two years ago and then purchased xyx stock which had incrased 1/8% five years ago, what is the amout of her portfoloio. By the way, Mrs. Smith is blind and uses a wheelchair to get around. Her favorite TV show is Golden Girls. When did her son get back from the Vietnam war? A: True B: False C: 500,000 D: 1,000,000 E: I have no idea
Message: If you are truly good in sales then run as fast as you can from this company. I passed the test and did the business plan only to find out this is a straight commission sales job with a floor flooded with other sales reps. Essentially, the position is selling insurance and mutual funds to whatever clientele is in your 'natural market'. If you are a good sales rep then go to outside sales and make some real money. The inside sales that UBS offers is strictly telemarketing. Don't waste your time at UBS - if this is the type of selling you want then go sell insurance. At least then you can work from home rather than from a boiler room.

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