Credit Suisse Reviews in London, England | Glassdoor

Credit Suisse London Reviews

Updated September 21, 2017
256 reviews

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London, England (UK)

3.6
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Credit Suisse CEO Tidjane Thiam
Tidjane Thiam
45 Ratings

256 Employee Reviews

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  1. Helpful (1)

    "Wouldn't recommend"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in London, England (UK)
    Current Employee - Assistant Vice President in London, England (UK)
    Doesn't Recommend
    No opinion of CEO

    Pros

    I've got opportunity to work with really good guys - the technical skills they represent are really high, so I can learn from them (however company realistically doesn't support learning - only talks about it)

    Cons

    shitty long hours, lots of beaurocracy, all those band/title promotions are just fantasy. Valuable people are often ignored. Due to long hours there's impossible to progress your technical skills.

    Advice to Management

    Listen to the people, they are doing great job. Cut the beaurocracy.


  2. Helpful (3)

    "Read the fine Print"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Proprietary Trader in London, England (UK)
    Current Employee - Proprietary Trader in London, England (UK)
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good Work-life balance and reasonably relaxed environment. Opportunity to work with some smart peers without dealing with employees who take themselves too seriously.

    Cons

    Serious abuse of employees by senior managers...there is, like in most investment banks, some severe incompetence at MD levels. More interested in politics than producing and more interested in surviving than growing. You will get exploited if you develop new projects and ideas unless you are protected in your contract. You WILL NOT get compensated for making money.

    Advice to Management

    Beyond salvation

  3. Helpful (2)

    "A place to learn"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in London, England (UK)
    Current Employee - Director in London, England (UK)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    This is a very good place to learn the different aspects of teh world of finances. People are friendly and helpful.

    Cons

    Long hours seems to be the norm, with typical 50+ hours a week in the office. The atmosphere is quite competitive and promotion is not based in meritocracy

    Advice to Management

    Communicate better the goals the different units within the organisation are trying to achieve. More visibility of senior management woudl help.


  4. "Not a pro-active and dynamic place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Director in London, England (UK)
    Former Employee - Executive Director in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Very few! I guess they have a stable capital base from the private banking side.

    Cons

    Bloated, inefficient and sub-optimal institution


  5. "Culture gone wrong"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in London, England (UK)
    Former Employee - Vice President in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Credit Suisse full-time (More than 5 years)

    Pros

    Possible global network and opportunities in a well established company. Pockets of talent exist in most centres and one could say that improvement is possible.

    Cons

    Culture gone wrong over time with too many old hands left in the company which cannot be removed. No intercompany cooperation exist.

    Advice to Management

    Create workgroups to eliminate inter-company cannibalism


  6. "Inadequate infrastructure, passive management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Risk Analyst in London, England (UK)
    Former Employee - Risk Analyst in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    - if you are from Oz, this is the place to be: Aussies everywhere
    - good gym and restaurant
    - in close proximity to competitors

    Cons

    - lack of interest in risk, markets and regulation beyond narrow confines of department
    - large number of contractors, results in lack of ownership and constant changes
    - extremely poor IT infrastructure, results in unreliable data and poor image
    - lack of development and networking opportunities

    Advice to Management

    Do what you are supposed to be doing: manage and develop systems and people.


  7. Helpful (4)

    "Downhill"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Credit Suisse full-time (More than 5 years)

    Pros

    CS has nicer than average people
    The bank has a good skill pool in front office

    Cons

    CS has a culture of indecision and procrastination
    It is managed by ageing management for the benefit of ageing management
    Revenues keep falling, even on strong markets, as risk aversion stifles business
    Also compliance is applied there with a view that if the regulator wants 100 CS wants 150, not only does this create costs, delays and paperwork but it is a significant handicap vs competitors who simply respect present laws and regulations instead of trying to go further than everyone else (which no one pays for)
    London is a cash cow office, where compensation is held back to pay for the army of people who work less employed in Zurich
    Finally CS is handicapped by FX and continuous fines paid for past misdeeds in private bank but whose burden is shouldered by present employees in other divisions
    Avoid CS in general, London in particular

    Advice to Management

    Resign, Let fresh people try
    If not, then please look up vision and clarity and make use of those attributes

  8. "Not a company to work as contract"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Former Contractor - Anonymous Contractor in London, England (UK)
    Former Contractor - Anonymous Contractor in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Credit Suisse as a contractor (Less than a year)

    Pros

    They have huge building in Canary Whaf. Nice building facilities. You can find most of necessary thing after to pay for it

    Cons

    No a Employee friends company.
    They treat you like machine and use you fully
    Once their work is done they thought you out on same day
    Their is no proper management in company. Permanent employee does not work and they push everything its like double work.
    If any thing goes wrong if also its manager issue then they push it to contractor as its their mistake.

    Advice to Management

    You have a big company and you management at lower level is worst.


  9. "Transition"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in London, England (UK)
    Current Contractor - Anonymous Contractor in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Credit Suisse as a contractor (More than 5 years)

    Pros

    Benefits of working in a large bank anywhere. Generally decent if not terribly useful people in many areas.

    Cons

    Endless cost cutting and reorganization mean that the organization suffers from fatigue and confusion.

    Advice to Management

    Provide some consistency so that the bank can eventually return to the growth mode that was promised.


  10. Helpful (1)

    "Unsettling. Complete reversal of work life balance due to savage cuts. Existing staff careers put on reverse mode."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director IT in London, England (UK)
    Current Employee - Director IT in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Credit Suisse full-time (More than 5 years)

    Pros

    The few people who are left have a good work ethic although they are not appreciated. Only the bean counters hold all the power. Even the business feels powerless.

    Cons

    Very poor strategy cascade with regular shifting of goal posts. Staff and budget cuts over rides any business strategy. Extremely low moral.

    Advice to Management

    Take your moral obligation to staff seriously


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