Credit Suisse Reviews

Updated June 22, 2015
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Credit Suisse CEO, Credit Suisse Group and Credit Suisse Brady W. Dougan
Brady W. Dougan
47 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

102 Employee Reviews

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  1. Helpful (2)

    only good for entry level

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

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

    Doesn't Recommend
    Doesn't Recommend

    Pros

    I have not one positive thing to say. This place is cut throat, disorganized and the worst place I've worked in my 20+ years in professional settings.

    Cons

    "Smart working" desks so everyone sits on top of each other, dull work, rampant incompetence, expectations that you work 24/7, vacation time is declined unless you agree to work during and then they don't pay out accrued time when you quit. I am still having ptsd from this place. I couldn't get a monitor but my MD had a special desk installed and had custom artwork hung.... I could go on and on about the horrors.

    Advice to Management

    Take a good look at your management team, your culture and the grotesque waste of resources.


  2. Stay away from Credit IT

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY

    I have been working at Credit Suisse full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    - Looks good on resume
    - People will can get away without working.

    Cons

    - Your manager, his manager and his manager do not care about you. Period.
    - All your managers do is talk about funding. Because there is none.
    - Year end reviews are sham. And your comp will be based of that. People close to the managers will be taken care off.
    - If you are smarter than your manager, you will be systematically sidelined.
    - In Credit IT, Indian managers will hire Indians, Chinese will hire Chinese, Russians will hire Russians.

    Advice to Management

    - Start paying your hard working employees on par with industry.
    - Fire your self.


  3. Helpful (2)

    Assistant Vice President, IB CFO

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY

    I worked at Credit Suisse full-time (More than 3 years)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    -Ability to learn quickly and good exposure to senior management

    Cons

    -it's a political mess, some groups have no workload and exist just to appeal to senior management's platform and political strength.

    Advice to Management

    Clean house and invest in talent that's optimistic and wants to see the bank succeed.


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  5. Helpful (1)

    trader

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Credit Suisse

    Doesn't Recommend
    Doesn't Recommend

    Pros

    lots of politics.. success dependent on your perceived pnl

    Cons

    stressful and cut throat environment


  6. Not so great

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Credit Suisse

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    a little better than UBS

    Cons

    still struggling post recession; very political


  7. Helpful (1)

    Nope

    • Culture & Values
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Credit Suisse

    Pros

    They pay money and the office is walking distance.

    Cons

    Not the best company. Terrible HR department (I don't know how any of them got their jobs, but they are pretty bad at hiring). Credit Suisse doesn't pay enough.

    Advice to Management

    If I thought simple advice could fix the atrocious management I would give some.


  8. Helpful (2)

    Poorly Managed

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY

    I have been working at Credit Suisse full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    If you're a big team it's probably okay.

    Cons

    Poor management in the Private Bank. Cronyism with the branch manager. Too much management overhead. Clearing is a disgrace. Overall a pretty toxic environment.

    Advice to Management

    See above. Nothing will change until the branch manger is removed.


  9. Helpful (3)

    No career path for technologist

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY

    I have been working at Credit Suisse full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing great usual investment bank

    Cons

    They provide no career path and there is so much politics that no work gets done ever.

    Advice to Management

    Fire all the middle manager.


  10. Helpful (4)

    Mindless work, Depressing atmosphere

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    - Employee perks were decent, but probably still worse than their competitor's.
    - Very inspirational head of talent (google Pamela Thomas-Graham).
    - If you like cubicles: the cubicles here are spacious

    Cons

    - The work is not challenging at all. If you are not looking to stay in the finance industry all your life, then plan to leave as soon as you can. Regardless of your department (even tech included), the soft (emphasis: SOFT) skills you build here will have no relevance to any other position in any other company. Plan on staying here if your dream is to make excel spreadsheets for the rest of your life. The tasks you do here become so specific to one subfunction of one old proprietary computer system that this will actually hurt any future career endeavors. Try explaining what you do here as something to impress future job interviewers (hint: sometimes I felt like my Credit Suisse entry in my resume made it look even worse than if it wasn't there at all).

    - The environment was absolutely sad. Yes there were some kind, good-humored colleagues, but everyone - and even they - were very explicitly dissatisfied with or indifferent to their jobs. No one liked coming to work. People only came to work to count down days till the weekend.

    - Everything regarding professional development and mentorship felt extremely shallow. Goal setting and performance reviews were largely made out of interrelationship fluff and emphasis on commanding menial tasks.

    - Regarding just the micro-perks of an office space - I think most corporations will give you SOMETHING free to bring up your daily mood, right? AT LEAST coffee, right? Nope, good luck finding that here. All you get is free water and sugar packets.

    Advice to Management

    Be more approachable and accessible to your employees. Your physical and figurative distance really reinforces the borders of the power hierarchy and any sense of positive morale/feeling of self-worth among your employees.


  11. Helpful (3)

    Unhealthy work environment.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Research Triangle Park, NC
    Former Employee - Operations Analyst in Research Triangle Park, NC

    I worked at Credit Suisse full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Practically None. Unless you are homeless or starving and are desperate for a paycheck, please avoid this company. It offers nothing but grief.

    Cons

    Management takes a very combative stance towards it employees. Managers often yell and snap at subordinates with no consequences as HR rubber stamps everything that they do. Further they are also able to pass the blame to their subordinates for anything that goes wrong and there is no opportunity for workers to refute their claims as HR just turns a blind eye. Also, no one really seems to know whats going on as there is a fair amount of turnover and restructuring and the information systems are a mess as management cuts corners with everything.

    Advice to Management

    Listen to your employees. They are on the front line and know what needs improving. Provide more opportunities for training. Be willing to consider suggestions that are out of the box. Finally, hold managers accountable, there should be at least some minimum standards of conduct and employees should have channels to report inappropriate behavior.



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