Credit Suisse

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Credit Suisse Reviews

Updated February 23, 2015
Updated February 23, 2015
180 Reviews
2.0
180 Reviews
Rating Trends

Recommend to a friend
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Credit Suisse CEO, Credit Suisse Group and Credit Suisse Brady W. Dougan
Brady W. Dougan
180 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

180 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    HR needs some work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Credit Suisse

    Pros

    Onsite Cafe for employees to use

    Cons

    HR gives incorrect info about salary and compensation

    Advice to ManagementAdvice

    Make sure employees are informed

  2. 2 people found this helpful  

    Has lost its way and doesn't seem to care

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

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

    Pros

    Competitive salaries
    Good people (mostly)
    Interesting work
    A few good managers

    Cons

    Cost cutting has meant quotas for letting people go - no longer any incentive to do good work or contribute beyond what it takes to make your management look good.

    Advice to ManagementAdvice

    Be honest and acknowledge that all of your HR programs are meaningless. Start rewarding good managers who look out for and develop their people.

    Doesn't Recommend
    Negative Outlook
  3. 1 person found this helpful  

    Product Controller

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Product Controller in Raleigh, NC
    Former Employee - Product Controller in Raleigh, NC

    I worked at Credit Suisse

    Pros

    Nothing, Food on site, i got to leave.

    Cons

    Training, Money, work/life balance, career movement.

    Advice to ManagementAdvice

    Train and develop people. Should be a place where 22-25 year olds come in and leave after 3 years for a bert opportunity.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Steady but without upward momentum.

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

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

    Pros

    Strong leverage finance and wealth management franchises.

    Cons

    Uneven product and industry coverage franchises.

    Advice to ManagementAdvice

    Train and retain is superior to hire and fire.

    Recommends
    Neutral Outlook
  6. 1 person found this helpful  

    Good company and good brand

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Employee - Software Developer in New York, NY
    Former Employee - Software Developer in New York, NY

    I worked at Credit Suisse full-time

    Pros

    Good culture, they provide their developers with the (software) tools needed to do their job. Access to online training and books online subscription. Good health and retirement benefits.

    Cons

    Too many processes in place, nearly impossible to get the right hardware for the job. Overwhelmingly complex when they can and should engineer simpler solutions. Low morale.

    Advice to ManagementAdvice

    Appreciate your employees, talk is cheap, drop the half baked policies

    No opinion of CEO
  7. 2 people found this helpful  

    Could be a great place, but the incentive structure is just not there for longer term success.

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

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

    Pros

    Great people, great talent.

    Cons

    Pay is poor. Lots of managers, but very few leaders.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    A decent Entry level position

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Deal Administrator in Research Triangle Park, NC
    Current Employee - Deal Administrator in Research Triangle Park, NC

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

    Pros

    Benefits are pretty solid, although they have been getting reduced. Starting out with 15 vacation days/year, with the ability to roll 10 days to next year is pretty great. $4k flat contribution to 401k regardless of your contribution is definitely top notch. Half-time overtime is laughable, but it's in the Pros section, because there doesn't have to be overtime at all. Very little taking work home with you.

    Cons

    Job is extremely redundant. Sitting in front of a computer all day might not be for everyone. Priorities are often unclear or fluid based on the attitude of the day. Compensation is rather lackluster, especially in the way they promote. Usually, you are unofficially promoted first. Then, at the end of the year there may be a raise. However, that won't become effective until April 1. It's not retroactive, and we are paid on the 15th & last day of the month, meaning you won't see that raise until April 15. To be promoted to AVP (the lowest title you can have,) you must apply at the end of the year. Being located in RTP, you're also extremely replaceable considering the nearby schools.

    Advice to ManagementAdvice

    I feel like the dress code is a simple way to improve morale. For the vast majority of days, there's no need for khakis/slacks and collared shirts for men. Jeans and t-shirts should be very sufficient. Also, the promotion policy is belittling.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    To every season, churn, churn, churn

    • 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 5 years)

    Pros

    The best part of CS was the opportunity to see a Swiss bank morph from the core business of SECRECY to a mainstream financial organization. It's not there yet, but moving in that direction. When I joined, someone said, "that's where the smartest people work."

    Cons

    Unfortunately, many of the smartest people have been RIFed. Outside of Switzerland, the churning of talent is phenomenal -- and the word is out on the street. If this is Tuesday, we must have a new strategy. The posters and sayings do not align with the practices. Perfect example -- much marketing of opportunities for women and yet the disproportionate # of seniors (MDs) RIFed have been women. Politics have replaced meritocracy in the US. DLJ retail brokerage mindset is not the same as a true private bank, and changing the label does not make it so. Little is done to develop new MBAs post training in the US -- turnover is higher than 80%.

    Advice to ManagementAdvice

    Be a real Swiss Bank. Stop catering to former merged institutions and do what you do best.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 2 people found this helpful  

    Not a great place among Investment Banks - (For IT)

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

    I have been working at Credit Suisse full-time (more than 8 years)

    Pros

    Lateral mobility, some training opportunities if you are a beginner

    Cons

    Confusing management structure, no career growth opportunities if you are a technologist, but not on the management track. Promotions generally hard and top management if IT generally not user oriented.

    Advice to ManagementAdvice

    Relax promotion criteria to include technnologists

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 3 people found this helpful  

    Do not expect a long career at this company

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

    I have been working at Credit Suisse full-time (more than 8 years)

    Pros

    Convenient location with an accommodating work schedule.

    Cons

    To much focus on cost efficiency leading too many layoffs. Do not expect a long term career at this company. They are constantly reorganizing with an emphasis on deploying jobs to low cost locations. Bonuses are much lower than other banks of its caliber. Their main driver is to stay competitive with the least headcount.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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