Credit Suisse

www.credit-suisse.com

Credit Suisse Reviews

Updated January 28, 2015
Updated January 28, 2015
1,445 Reviews
3.5
1,445 Reviews
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Credit Suisse CEO, Credit Suisse Group and Credit Suisse Brady W. Dougan
Brady W. Dougan
641 Ratings

Review Highlights

Pros
  • It provides excellent work life balance for personal development in the spare time (in 161 reviews)

  • There may be opportunities to work in other countries through internal mobility for those interested (in 62 reviews)


Cons
  • Management was inflexible to find ways that analysts could find work / life balance (in 81 reviews)

  • long hours, which made it difficult to maintain a work-life balance (in 64 reviews)

More Highlights

93 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Poorly Managed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    No career path for technologist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    Fire all the middle manager.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Going Down Hill

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 3 years)

    Pros

    - A lot of talented people to work with.
    - Good Work Life Balance

    Cons

    - Poor comp. This is a big one. I personally know 5 people that have left the bank in last 3 months. More to follow.
    - IT is considered a liability
    - Every new Director brings his own "re-org"
    - Cost cutting and jobs are moving to low cost center. I think this is myopic vision on management's part.
    - Favoritism over Meritocracy
    - Poor/No communication from Management.

    Advice to ManagementAdvice

    - Encourage and reward SMEs
    - Encourage internal mobility
    - Streamline promotion process for IT, make it impartial and fair
    - Business training for IT . They will perform better if they understand the business.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Mindless work, Depressing atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Unhealthy work environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Gustapo HR

    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

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

    Pros

    smart people, fast-paced environment, great training programs

    Cons

    HR often conducts witchhunts when they want to cut budget and fire people without having to pay severance. Company has gone hill for years and IT is in disarray with no money for budget. Not recommended

    Advice to ManagementAdvice

    treat your people better

  8. 1 person found this helpful  

    Very hierarchical, fragmented and divisive culture; continuous threats/execution of layoffs; very negative environment

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

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

    Pros

    Convenient and well appointed location in NYC; interesting and diverse product suite (Global Investment Banking and Asset Management); philanthropic and volunteer activities are supported

    Cons

    Very strong dislike and mistrust amongst the regions; very secretive culture, very limited collaboration or cooperation amongst business units or regions, constant threat of layoffs/RIF's, making many people fearful and secretive about their jobs and responsibilities; many long-tenured senior leaders (MD"s) very powerful and dictatorial; absolute resistance to any change. Frequent, harsh financial penalties for failing to meet (US) governmental regulatory requirements, along with failure to meet liquidity requirements negatively impact employees and shareholders.

    Advice to ManagementAdvice

    The firm would be much more profitable and operationally efficient if the culture was more collaborative, and the endless cycle of binge hiring and RIF's were stopped. Recruiting, training, and severance expense are very real, very costly, and drive away the best talent.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    This is a very stupid company

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

    I worked at Credit Suisse

    Pros

    Location, restaurant nearby, coffee place

    Cons

    Stupid review process and hiring process

    Advice to ManagementAdvice

    Stop hiring incapable people from poor education background and start hiring graduates from top universities

  10. 4 people found this helpful  

    REFERENCE DATA PRODUCTION TEAM IS HORRIBLE

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Raleigh, NC
    Current Employee - Business Analyst in Raleigh, NC

    I have been working at Credit Suisse as a contractor (more than a year)

    Pros

    Nothing!!!! The management is completely incompetent and gives zero guidance to what is expected from their employees.

    Cons

    -No Growth
    -Low Pay
    -Horrible upper management
    -Shady management practices with regards to pay (All the black people on our team got paid less than everyone else

    Advice to ManagementAdvice

    Stop manipulating your employees and learn to drop the ego.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Work Culture

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

    I worked at Credit Suisse (less than a year)

    Pros

    depends on who your boss is.. if ur boss is good, you will have a peaceful life..

    Cons

    work culture sucks...boss have complete freedom. there is no choice for employee no discussion and if boss does not like you, you are doomed.

    Advice to ManagementAdvice

    have some surveys to check whats going on with grass root level.

    Doesn't Recommend
    No opinion of CEO

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