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Good but needs some work--Asset Management

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

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

Pros

Good training.
Friendly people.
Good work/life balance
Name recognition
Informal culture
Very good compensation.
Very international firm with a great diversity of people.

Cons

Gets political.
Shared services is very bureaucratic.
Upper management makes decisions erratically.
Exit opportunities ambiguous.
Zurich and New York sometimes have power struggles.
Cost controls need more work--too much costs are allocated to the businesses that they become unprofitable--streamline shared services and cut unnecessary costs, such as the large army of strategy advisers.

Advice to ManagementAdvice

Set a stable direction for the company to go, and place more importance on the business instead of shared services. Also, try to figure out how to manage the power struggle between Zurich and New York. Also, learn how to control costs better so the businesses are more profitable, or else the stock price is just going to go down. Be a little daring--we're too conservative.

Recommends
Neutral Outlook
No opinion of CEO

1307 Other Employee Reviews for Credit Suisse (View Most Recent)

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  1.  

    Fun, but not for long-term employment.

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

    I worked at Credit Suisse as an intern for less than a year

    Pros

    Great, smart people that are generally motivated

    Cons

    Long hours and not as much trust among coworkers as eneded

    Advice to ManagementAdvice

    Ask and be prepared for honesty from those below you when looking for suggestions

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    Incompetent senior management, lack of cohesive strategy

    • Comp & Benefits
    • Senior Management
    Former Employee - Associate  in  New York, NY
    Former Employee - Associate in New York, NY

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

    Pros

    Good training program for college and MBA grads
    Good pay

    Cons

    Very political, sucking up to senior management matters more than performance

    Advice to ManagementAdvice

    Develop a system that rewards performance

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