Credit Suisse
3.4 of 5 1,129 reviews
www.credit-suisse.com/careers Zurich, Switzerland 5000+ Employees

Credit Suisse Reviews

Updated Apr 11, 2014
All Employees Current Employees Only

3.4 1,129 reviews

                             

81% Approve of the CEO

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

Brady W. Dougan

(489 ratings)

70% of employees recommend this company to a friend
147 Employee Reviews Back to all reviews
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Fixed income IT is a complete mess, biz leadership is non existent

Anonymous Employee (Current Employee)

I have been working at Credit Suisse full-time for more than a year

ProsThey will pay you as new employee on the way in.

ConsExpect to be abandoned after initial hire. Steady decline in comp. IT org is a mess on the FID side, Equites IT better. If you're a manager that owns a budget, be prepared to spend all of your time in the constant (I mean constant) quest for funding and the constant (I mean constant) defense against random budget and staff cuts. Staff morale very low, voluntary attrition rate very high. A few pockets of happy and productive folks - so it varies quite a bit by manager (like everywhere). Overall climate is one of cost-cutting to the extreme. Staffing restrictions mean is all but impossible to hire a direct employee, even if one resigns - you can only hire contractors. Take a look at how well, or not well, your business is doing before join - you'll find that very informative to your decision. Cost cutting, cost cutting, staff cuts and more cost cutting. If you like to get stuff done, it's a tough place for that. If you want to hide and just be employed while eking out an existence, might be the right place for you.

Advice to Senior ManagementShow some leadership, create a strategy other than cut costs drastically. Get refocused on productivity, creating product and providing solutions for business needs. Stop the dysfunctional funding and eternal budget management madness - allow tech managers to actually do some tech work once and a while. Get serious about your really high voluntary attrition rate - it's atrocious. Or be honest that it's what you want to help cut costs.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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2 people found this helpful  

Need to improve on the way they treat their employees

IT Director (Former Employee)
New York, NY

I worked at Credit Suisse full-time for more than 10 years

ProsThe company is organized to build and run products globally. There may be opportunities to work in other countries through internal mobility for those interested.

ConsThe number one issue is that there are too many talented individuals fired due to the opinion and decision of one manager. The willingness and ability for HR to intervene in these situations to try and find opportunities to retain talent is limited. In my case I was asked to leave the premises within an hour after 13 years of dedicated service with no opportunity to find another role internally.

Advice to Senior ManagementCreate better checks and balances before firing people and look for opportunities to redeploy talented individuals.

No, I would not recommend this company to a friend

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Not great...

Assistant Vice President (Current Employee)
Durham, NC

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

ProsVery philanthrophic organization, great for junior people.

ConsIT very disorganized, much re-work and lots of hoops to jump through to get anything done, very old technology. No senior leadership in NC, all in NYC.

Advice to Senior ManagementBuild processes in IT

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Solid bank, don't get a job in HR

Anonymous Employee (Former Employee)
New York, NY

I worked at Credit Suisse full-time for more than 3 years

ProsGood reputation, nice building, great location

ConsHR was an oligarchy. The same 4 people get promoted again and again. Lots of worthless projects done and shelved before launch.

No, I would not recommend this company to a friend

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Strategy?

Assistant Vice President (Current Employee)
Raleigh, NC

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

ProsThe benefits are better than average

ConsIncome Inequality
Lack of Accountability

Advice to Senior ManagementWhen strategies are developed there is a need for more accountability (positive and negative)

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Consultants have no rights to have a life but work

Anonymous Employee (Former Employee)

I worked at Credit Suisse as a contractor for more than 3 years

ProsGreat place to work if you love a cut-throat environment & politics.

ConsWork-life balance nonexistent. Consultants are expected to always be available on demand, including on scheduled time off & vacations. Long 10-12 hour days the norm. Departments under same business group don't work together. Rampant fiefdom mentality between depts.

Advice to Senior ManagementPromote bonding activities between depts. & all members etc.. Lunch/dinner/drinks events, sports, movies, Remember to invite/include consultants to participate.

No, I would not recommend this company to a friend

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Horrible place

Anonymous Employee (Former Employee)

I worked at Credit Suisse

Prospay, nice office, good benefits

Conshorrible environment, bad management in London

Advice to Senior Managementresign

No, I would not recommend this company to a friend

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Typical top-tier investment bank

Anonymous Employee (Former Employee)

I worked at Credit Suisse

ProsAll the typical adjectives used to describe top investment banks apply here. Solid franchise, well-known brand, exposure to deals, technically rigorous, smart coworkers.

ConsEveryone is motivated by money and prestige. No one wants to come to work, and people take frustrations out on each other since everyone is forced to be at work all the time. Good pay does not make up for costs to health and normal personal relationships in the long run. That being said, this is pretty much the same across all the investment banks.

Yes, I would recommend this company to a friend

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Decent bank, but hard to get paid in equities

Equity Research Associate (Former Employee)
New York, NY

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

ProsGood training and training program, great co-workers, good benefits

ConsPoor bonuses, very long hours

No, I would not recommend this company to a friend

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Decent Company, but not the greatest company to work for

Global Support Analyst (Former Employee)
Raleigh, NC

I worked at Credit Suisse as a contractor for less than a year

ProsGreat People to work with

ConsNot the Greatest Schedule
Not the greatest communication with management
Pay was not the greatest

Advice to Senior ManagementCommunicate better with your employees

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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