Credit Suisse Reviews

Pros

The company is not that competitive and they have mentorship program and if you are fortunate your mentor can be a very important point of contact.

Cons

The moral was really low at times especially with the stock market crashing and people being hopeless. However this was common to all banks and not just Credit Suisse.

Advice to Senior Management

Keep on doing good job in making the bank the most admired bank in the world and outings for employees

Pros

good company in every aspect

Cons

limited development, poor salary, bad office environment

Pros

It was rewarding. When I started with the firm, I was given the opportunity to build my own team, develop a reporting package used by sr management to monitor the group's risks and performance. I was then challenged with enhancing the SOX documentation and testing, and then transitioning the work into the line.

Cons

Given the recent downturn in the markets, along with senior management turnover, the environment has changed. Employees are mandated to support why the firm needs them. Management performs morning and evening rounds to see what time people come in and what they leave. Employees are working longer hours. Functions are being turned into production roles, with no opportunity for growth and expansion for those performing those functions. Other functions are leaving NYC area entirely, which is contributing to the low morale.

Advice to Senior Management

Credit Suisse is not the place to be these days!

Pros

Good benefits, Credit Suiise is a strong, well established Company.

Cons

Shared Services employees get lousy bonuses and go years without raises while the Front Office receive insanely large bonuses and raises. To top it off, when Front Office works with Shared Services the Front Office employees often treat Shared Services with total disrespect. The Shared Services employees are always told there is no money in the budget to hire more employees, employees working in certain groups are expected to do the work of two people.

Pros

As with any investment banking job the pay is good so that keeps me around. The benefits package is also very generous.

Cons

It is very political at CS. It is hard to get promoted and it is more about who you know than what you do,

Advice to Senior Management

Management is very nice, but needs to take some more risk I think. To compete with the other banks, we need to use our balance sheet.

Pros

Manager was extremely supportive and great to work for. Great team. Everyone works well together.

Cons

Virtually no mobility. Very hard to advance.

Advice to Senior Management

Need to promote mobility, development, and advancement.

Pros

Awesome communication among the members as well as clients. East to learn new things from each other and great environment.

Cons

Many of its trading strategy is mainly focused on bonds and its derivatives, more of secure asset compared to other company.

Advice to Senior Management

It is awesome place to work. However, it seems like company is pursuing too secure strategy in trading. More risk taking seems to be required.

Pros

Modern office. Good transport. Great on resume.

Cons

CMMI implementation focussed on repetitive paperwork copying and pasting same info into multiple formats; wasteful of resource. Format over content approach. Senior management allowed to remain for several years despite non delivery on projects, overspend on budgets. Can only conclude it's an old boys club.

Advice to Senior Management

Streamline processes and admin to allow focus on value added work. Learn to plan, forecast and track projects to correct before non delivery, descoping and overspend. Review homegrown admin tools that take weeks to learn when industry tools like ms project would allow anyone with experience to walk in and be productive. Review training plans for management, length of service does not make an effective manager.

Pros

Friendly colleagues, supportative working environment, good learning opportunities, vast valuable resources, various development opportunities which can be seized by juniors

Cons

severe cost cutting, deployment of work to India, ambiguous management messages and promotion communications, limited promotion platforms during tough market conditions

Advice to Senior Management

Clearer and more prompt communication to employees, thorough consideration for important business and operational decisions which include factors more than cost

Pros

Good people, growth, thought leadership

Cons

compensation is average and not the highest on the street