Credit Suisse Reviews

Updated July 31, 2015
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3.6
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Credit Suisse CEO, Credit Suisse Group and Credit Suisse Brady W. Dougan
Brady W. Dougan
4 Ratings

Pros
  • Banking with a good work life balance (in 161 reviews)

  • good internal mobility for junior staff (in 62 reviews)

Cons
  • Work/life balance not great in ibanking (in 81 reviews)

  • Long hours my not be sustainable in the long run (in 64 reviews)

More Pros and Cons

12 Employee Reviews

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  1. IT Desktop Support Technician

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Desktop Support Contractor in San Francisco, CA
    Former Employee - Desktop Support Contractor in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Credit Suisse (More than 5 years)

    Pros

    Supportive team with good competent managers. San Francisco office was generally friendly and I met a lot of good people. Work load was manageable, varied and interesting. Great location with spectacular views of San Francisco bay.

    Cons

    Company is extremely budget conscious and layoffs were a constant reminder of that. IT department is very compartmentalized. You can only practice skills and develop within your specific area of responsibility. Understandably, policies do not permit going beyond that. However, special projects are always available for willing participants. Job can be stressful at times when system failures occur as the business cannot tolerate time delays.

    Advice to Management

    Reward your people financially.


  2. Good training can't overcome the selfish nature of this business

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Manager in San Francisco, CA
    Former Employee - Relationship Manager in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Strong belief in training - the firm sends its MBA private banking associates to Zurich for three weeks and then to New York for six weeks to get acclimated to the firm's culture, products, and people Stellar reputation for private banking - no one does it better than the Swiss (some tax issues, not withstanding)

    Cons

    No loyalty to employees - this is not new to anyone and is standard across the industry, but they unceremoniously fired the managing director in 2012 who had been there for years. No collaboration between colleagues - not only a dog-eat-dog culture but colleagues were known to attempt sabotaging peers to get better leads or clients. Private bankers don't care about incoming MBA's or relationship managers - again not unique to CS but common to all private wealth management, but there really is no incentive for any established RM's to help people

    Advice to Management

    Take your training program more seriously if you want to grow your own talent. Give senior bankers incentives to take on new team members. Otherwise abandon the program and spend the money on poaching teams from other companies


  3. Typical investment banking culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Neutral Outlook
    No opinion of CEO

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

    Pros

    work-life balance / culture of tech group in sf relatively better than other bulge brackets. Chance to work with talented and smart group of people

    Cons

    compensation is average to below average

    Advice to Management

    losing ground to other ibanks


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  5. A lot of work with limited upside

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in San Francisco, CA
    Current Employee - Associate in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good learning experience and a team that was strong. I worked quite a few interesting projects

    Cons

    Limited mobility in the job. during my tenure, there were quite a few lay offs


  6. Outstanding

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Associate in San Francisco, CA
    Former Employee - Sales Associate in San Francisco, CA
    Recommends
    No opinion of CEO

    I worked at Credit Suisse full-time (More than 3 years)

    Pros

    Friendly working environment, great benefits, management is willing to listen to any problem you may have, hours are flexible

    Cons

    It is an extremely competitive company, expect to work your tail off, can be quite stressful at times depending on what your job encompasses


  7. Private Bank // Low-pressure Firm to Enter Industry

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate, Private Bank in San Francisco, CA
    Former Employee - Associate, Private Bank in San Francisco, CA
    Recommends

    I worked at Credit Suisse full-time (More than 3 years)

    Pros

    Low-pressure, no selling, all admin work

    Cons

    No career ladder, only way to grow is to leave


  8. World class financial services firm with great leadership and industry leading product capabilities

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in San Francisco, CA
    Former Employee - Managing Director in San Francisco, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Credit Suisse full-time (More than 10 years)

    Pros

    Great team, good strategy, leading product skills

    Cons

    Difficult industry and competitive environment

    Advice to Management

    Continue to retain and attract top talent to remain competitive


  9. They definitely look out for themselves.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Approves of CEO

    Pros

    Smart and aggressive people. Being a part of a large investment bank. Easy to network. Good name recognition and brand.

    Cons

    If you are not in Private Banking you need to be in New York to advance. Constant management shake ups. Groups renamed. New bosses just shake up things just to be different from the previous guy.

    Advice to Management

    Too much instability within my group. We changed our group name 3 times and had several different bosses in which you constantly had to explain what you did and then hope they understood. But not likely...


  10. Investment banking associate

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in San Francisco, CA
    Former Employee - Associate in San Francisco, CA
    No opinion of CEO

    Pros

    Good deal flow, wide variety of deal types. Lots of responsibility, associate often called upon to put together the entire book with little initial direction Fast paced, like drinking from a firehose.

    Cons

    Because the levels above abdicate some of the presentation creation to the associate and only parachute in after a draft is complete, you often end up wasting work when they change their mind. The review cycle is a joke. New York groups know how to play the game and trump other regional groups during review cycle.

    Advice to Management

    Take a hard look at your review process. It isn't really 360 and games are played.


  11. Helpful (1)

    Great place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in San Francisco, CA
    Current Employee - Analyst in San Francisco, CA
    Recommends
    No opinion of CEO

    Pros

    The firm has a lot of momentum after the financial downturn, as several of its major compeitors (i.e. Lehman, Bear Stearns, Merrill Lynch) are no longer around.

    Cons

    There is no life-work balance in investment banking. People will ALWAYS expect you to put your job ahead of your life. Vacation is generally something one has to "earn" and actively seek; otherwise, you'll spend all your time in the office.

    Advice to Management

    The firm can distinguish itself more from the competition by taking a more bottoms-up approach. By that, I mean allowing junior people take on "real" responsibility, have more active roles in client relationships, and be encouraged to go outside their comfort zones / positions.



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