Credit Suisse Reviews

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Credit Suisse CEO, Credit Suisse Group and Credit Suisse Brady W. Dougan
Brady W. Dougan
5 Ratings

Pros
  • Banking with a good work life balance (in 161 reviews)

  • good internal mobility for junior staff (in 62 reviews)

Cons
  • Work/life balance not great in ibanking (in 81 reviews)

  • Long hours my not be sustainable in the long run (in 64 reviews)

More Pros and Cons

12 Employee Reviews

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  1. Helpful (4)

    There goes the neighborhood...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technology Analyst in London, England (UK)
    Current Employee - Technology Analyst in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Aside from a few specific sector leading desks and lines of business that are industry leaders, nice middle of the road place to do the "good enough" optimization. Good enough comp, good enough career progression, good enough work-life balance. Legacy culture that values collaboration and consensus.

    Cons

    That legacy culture has become sclerotic in areas, especially on the private banking side, and on the investment banking side there has been a huge influx ex-Goldman people who got drummed out of there in the turmoil that is enveloping that place and have brought with them massive chips on their shoulders and the worst of the GS lack of transparency and chronic mendacity as a routine operating model. The two make for a catastrophic mix that has not yet but is about to lead to a toxic working environment as the cost-cutting pressures mount.

    Advice to Management

    The answer s returning to First Boston roots, at least on the IB side--getting lean, super skilled up and entrepreneurial...not looking to ape an alien GS culture and its representatives who could care less about Credit Suisse and are clearly focused on extracting as much as they personally can out of the place while hastening its demise.


  2. To big

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - BI Lead in London, England (UK)
    Former Employee - BI Lead in London, England (UK)
    Doesn't Recommend
    Neutral Outlook

    I worked at Credit Suisse full-time (More than a year)

    Pros

    Feel part of a top class outfit

    Cons

    Small cog in a big wheel. Career progression is limited to the success and perception of your (long) management line.

    Advice to Management

    Identify and foster talent


  3. Review of CS

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in London, England (UK)
    Current Employee - Assistant Vice President in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work life balance, relaxed environment.

    Cons

    Promotion is slow. Until recently, promotion was based on time served, now it is based on a meritocracy although this has not completely filtered through the organisation. CS do not really invest in training and developing its people.

    Advice to Management

    Improve promotion opportunities and invest in training, development and coaching.


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  5. Helpful (3)

    Has gone down hill

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Credit Suisse full-time (More than 3 years)

    Pros

    The business is innovative but is getting short changed by the IT department.

    Cons

    Very hierarchical management structure. Senior IT staff not focused on delivering IT solutions. Over emphasis on philanthropy and soft skills. Senior staff (directors and above) are not technical or innovative in their approach. HR is not at all focused on needs of the employees.

    Advice to Management

    Less emphasis on soft skills.


  6. Helpful (1)

    An organisation that sits back on its core businesses like AES and does little to inovate. Very top heavy organisation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Quantitative Trader in London, England (UK)
    Current Employee - Quantitative Trader in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Credit Suisse full-time (More than 3 years)

    Pros

    Pay is reasonable Good restaurant Allow IT to work closely with the business

    Cons

    Poor technology Too much politics Top heavy, many directors, hiding in roles Lack of consistent view of how the business should be run


  7. Soul killing experience of the worst kind

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Credit Suisse full-time (More than a year)

    Pros

    London as a location was OK to live for a while.

    Cons

    Oh my god 'politics' everywhere! No-cooperation between teams, everyone is just looking out for themselves. People in management position seem to arrive at those because they were better at elbowing others out of their way.


  8. Helpful (1)

    Poor culture in London M&A

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in London, England (UK)
    Former Employee - Analyst in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Credit Suisse full-time (Less than a year)

    Pros

    Was a good name in 2008/09

    Cons

    Nobody i met from the bank was a happy person. Most hated the bank. Very ill culture.

    Advice to Management

    Do not hire people with bad management skills and no social skills.


  9. Helpful (1)

    Disappointing lack of interest

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice-President in London, England (UK)
    Former Employee - Assistant Vice-President in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Credit Suisse full-time (More than a year)

    Pros

    Networking opportunities, although limited Subsidized gym on-site, although shared with Barclays Can't really think of any other pro, I don't believe there were any

    Cons

    Waste of time. The project I was working on was a major waste of everybody's time, mainly because senior management wouldn't commit and lend a helping hand when diverging interests have arisen. Ultimately everybody would just pretend to be working, which is an even bigger waste of time...

    Advice to Management

    Working on projects destined to be canned is extremely demotivational. Better speak-up, admit the uselessness of the project, brainstorm better options, pursue them with belief. Stop politicking away from once useful projects gone bad: "I don't care how the project's really going, I'm not going to lend a helping hand, I'm just hoping I'll manage to switch it by the end of the year. In the meantime, I'll just waste everybody's time by not being decisive enough on any issue at hand!"


  10. In general good, but poor leadership

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in London, England (UK)
    Current Employee - Director in London, England (UK)
    Approves of CEO

    Pros

    good compensation and bonus, a company well respected in the market with some good guys working there with with real ability

    Cons

    very swiss centric on certain areas and with little growth for people outside of the perceived banking markets, week middle management and little leadership

    Advice to Management

    improve the quality of the middle management, empower teams and staff to make decisions invest in people dont just say you are doing it actually do it


  11. Helpful (1)

    'Credit Sweat'

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Assistant Vice-President in London, England (UK)
    Current Employee - IT Assistant Vice-President in London, England (UK)
    No opinion of CEO

    Pros

    Good to work for in terms of use of latest technology (relative to other investment banks). Lots of HR initiatives about career development (great if you have time for such things)

    Cons

    Culture of pressenteism - very long hours and patchy project management. Every day brings panic about 'urgent' requirements. Change management means hideous amounts of red-tape where you have to spell out in microscopic detail how to deploy your software, usually outside of work hours because the operations team are in a different time zone. Development teams operate in silos and communication between teams is passively hostile, which I put down to a combination overwork and the competitive culture that has infested the place... Canary Wharf can be a pain to commute to - Jubilee line breaks down all the time, and then the DLR gets overloaded. There are now too many people working in the area generally for the transport system to cope with...

    Advice to Management

    Do something about the lack of work life balance in IT - Hire more people, or at least replace the ones leaving. Allow people to work from home... Some people in management roles are agressive and clueless about what motivates people they work with. The company should keep up the investment in new technologies... Managment should try and foster a collabrative culture...



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