In various areas, wireless systems are used. In order to allocate the available time and frequency resources, these wireless systems require flexible mechanisms. With 5G, transmission rates will be higher, latency will be lower and quality of service and channel capacity will be higher. The physical layer must be able to generate flexible waveforms to meet the above requirements. Currently, Orthogonal Frequency Division Multiplexing (OFDM) transmission does not support 5G communication. In the case of 4G/OFDM, there are many problems in terms of out of band emission, spectral efficiency, and peak to average power ratio (PAPR). An alternative transmission scheme Universal Filtered Multicarrier (UFMC) is introduced to address this problem. The paper compares OFDM with UFMC. The purpose of this paper is to discuss Spectral Density, Spectral Efficiency, Signal to Noise Ratio (SNR) and Bit Error Rate (BER). In comparison to OFDM, UFMC provides better performance.