Credit Suisse Reviews in New York City, NY Area

Pros

Benefits and the People. Work hours are ok

Cons

IT technology is very outdated
Senior management needs to stop giving surveys and actually show some results from previous surveys

Advice to Senior Management

Practive what you preach.

Pros

CS is a Bulge Bracket firm.

Cons

Management could work to better communicate.

Advice to Senior Management

Work on better communication skills

Pros

Good work atmosphere, nice colleagues, good work life balance.

Cons

Some of the senior management is terrible, they hire a lot of second rate folks from Goldman in a effort to be number one in the business. Better to promote from within and develop the people.

Advice to Senior Management

Promote people internally instead of constantly looking to hire second rate folks from Goldman

Pros

average pay, good benefits, good retirement contributions, good work environment

Cons

limited opportunities, politics, silo environment, support is bueracretic

Advice to Senior Management

remove silo environment to make things more efficiently. waste too much money of support teams where consolidation can be helpful

Pros

Easy to have internal transfers. Lots of training available - if you have time to take them its worth it.

Cons

Too much politics. Unfair treatment.

If you are soft spoken and straight forward, this is not a place for you. Seen often times, managers with abusive manners get promoted. It all boils down to who you know. I have seen excellent talents leaving this place due to lack of recognition.

Promotions are very strange - Last year, Project Managers, who did terrible project mgmt , got promoted as Program Managers, managing Project Managers.

Terrible work life balance - sometimes 80 hour weeks - not worth it.

PS - AVOID Program Services in IT - worst management; rude behavior; offensive language.

Advice to Senior Management

Identify talents internally and promote them. Promotions should be purely based on performance. Compensate best performers instead of losing them.

Pros

*can learn a lot about corporate finance

Cons

*lack of cohesive firm wide culture
*employees not welcoming of newcomers
*no respect for work/life balance

Advice to Senior Management

treat your employees better and you might have a better chance at being a leading investment bank

Pros

Lots of online learning opportunities, some very talented and motivated people. Opportunities to participate in community events

Cons

poor investment in technology, inefficient systems and tools

Advice to Senior Management

Invest in your people - and ensure they have what they need to succeed in their daily work

Pros

Not as structured / hierarchical allowing you take on additional responsibilities if you want
Leaderships franchises in certain areas, especially Financial Sponsors, leveraged finance, high yield capital markets, M&A and fixed income sales and trading

Cons

Quality of personnel is very mixed. No concept of a 360-degree feedback / review system allows senior folks off the hook for bad behaviour. Very often, there is little accountability since each MD operates within their own silo rather than thinking about the group and company as a whole

Advice to Senior Management

Spend more time developing junior teams

Pros

Great location; good systems; young professionals (mainly from Ivy League Schools)

Cons

No support from co-workers, management; HR is the worst!; small rewards for hard work

Pros

Compensation is good relative to other jobs, although not top-tier compared to the rest of the Street.
Bule bracket bank with pretty good name recognition.

Cons

Very difficult work life balance. Vacation time is strongly discouraged. 7 day work weeks. Senior management disconnected from rest of employees.

Advice to Senior Management

More group morale communication building activities. Team building. More 360 degree reviews at least twice a year. Further lateral opportunities.