Credit Suisse Reviews in San Francisco, CA | Glassdoor

Credit Suisse San Francisco Reviews

Updated August 24, 2017
20 reviews

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San Francisco, CA Area

3.0
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Credit Suisse CEO Tidjane Thiam
Tidjane Thiam
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20 Employee Reviews

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  1. "Associate Investment Banking"

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

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

    Pros

    It's located in downtown SF which is great. The analysts are well trained and very smart.

    Cons

    Lack of a structured environment.


  2. Helpful (2)

    "Unprofessional...Not what I had expected"

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

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

    Pros

    Pay and hands on experience of IB world

    Cons

    Drinking culture in the office (people would get "ice" and have to drink up to 5 smirnoffs before client meetings) and unprofessionalism by employees. Hit on by a senior level employee. Not given work because I was not from a top recruit school (and flat out told that). When I asked for things to do I was told to stop asking (waited 3 days of sitting at my desk while the guy next to me got staffed on 3 projects)... It keeps going

    Advice to Management

    The IB team needs to look at the employees running the intern program and vet them better.

  3. "Fantastic Company in a Challenged Industry"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Research Associate in San Francisco, CA
    Current Employee - Equity Research Associate in San Francisco, CA
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    One of the best companies in the world with top talent from top schools. However, there has definitely been a brain drain to VC and tech as salaries are under pressure while hours continue to be intense. That said, this is still one of the premier investment banks in the world.

    Cons

    Layoffs in equity research (and other divisions) are frequent as the industry is clearly headed in the wrong direction as markets becomes more efficient causing more investment dollars to flow into passive investments and regulations continue to kill profitability. CS remains a great company but the industry is not what it used to be.

    Advice to Management

    Management has done a fair job, the decline is not a management-driven issue.


  4. Helpful (1)

    "Analyst"

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

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

    Pros

    Salary and compensation package overall

    Cons

    Commitment to employee growth and communication on career goals


  5. "Poor Senior Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in San Francisco, CA
    Former Employee - Vice President in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Pay was very good. Swiss company with plenty of capital.

    Cons

    Senior Management constantly set unapproachable projections and horrendous hires.

    Advice to Management

    Start understanding your niche and not shooting for the moon.


  6. Helpful (1)

    "No Humanity, No Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Negative Outlook

    I have been working at Credit Suisse full-time

    Pros

    Good name on your resume, people respect Credit Suisse as an institution. Nice view from SF office.

    Cons

    Limited professional development, benefits are sparse - no coffee, no holiday party, pay half of your health insurance, limited PTO. This bank has very little regard for professional development or success of their employees. There are no incentives other than salary. No office culture. Hours are grueling, the people are robotic, no one even says hello in the hallway.


  7. "Associate IBD"

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

    I worked at Credit Suisse (More than 3 years)

    Pros

    Decent place - good people

    Cons

    Street pay - slowing down in M&A

  8. "Good stepping stone"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Credit Suisse (Less than a year)

    Pros

    Brand name, good contacts, international opportunities

    Cons

    Culture sucked, very replaceable, no seniors want you to learn, getting sold to WF

    Advice to Management

    Doesn't make a difference


  9. "IT Desktop Support Technician"

    StarStarStarStarStar
    • 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.


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

    StarStarStarStarStar
    • 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


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