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Traditionally, CS Sponsors has been spoken of in the same breath as such top-flight groups as GS TMT, MS M&A, UBS LA, etc. in terms of deals and analyst placement. However, in this current market environment, that could be rapidly changing.
Their Tech group is also very good. Some might say their Energy group is also good, but their are too many other Energy groups (LEH, GS, etc.)on the Street that are way better for them to be considered as good as their Sponsors or Tech groups.
CS Energy is a mediocre group. Certainly not a bad group by any means, but not a great Energy group like Lehman (widely considered the top Energy group on the street). In terms of CS, the top 3 groups there are Sponsors, Tech, and M&A, probably in that order. Media & Telecom is also decent from what I've heard.
Thanks a lot for the input. Do any of you know about the FIG group at CS?
Fig is good but Sponsors Tech and M&A are the best.. i agree
CS Industrials is also very strong as well.
CS Tech is a strong group. Great deal flow, good culture
I know a few people there, some who started there and some who lateraled in. They've done some of the more high-profile deals of the past few years, including Sungard's take-private back in 2005 which was at the time the biggest tech LBO at $10B or so.
In general I think CS is strong across the board... not like some banks that depend pretty heavily on leveraged finance (or should I say, depended pretty heavily) to win deals or anything, they stand up pretty well on their own.
When you guys say Tech you mean TMT right? I thought CS had Technology, Media and Telecom in the same group.
Yours is the first reply on this thread in over 2 years. Just didn't want you waiting on a response.
We can still answer... most banks do have a TMT group, however analysts within the group will be put into silos, to specialize in either tech, media, or telecom or some combo of those. A FIG analyst won't do all FIG, they'll focus on asset managers or insurers, etc.
Thanks. Appreciate the explanation.
BUMP
Thoughts on NYC IBD groups.
.
Energy group in Houston is strong, not sure about NY. I know they lost a rainmaker that sat in NY to MS recently. I have heard that Sponsors and Tech have declined in recent years
Credit Suisse NY Group Selection (Originally Posted: 02/12/2015)
I recently accepted an offer at Credit Suisse in NY for an IBD summer internship. Coming from a non-target school, I have no alumni or contact at the bank to get good information on groups from an inside source. But I am a bit of a unique situation where I have a good shot at getting into whatever groups I preference (I would prefer not to elaborate on how for the sake of anonymity).
I am hoping to get some information on the hours, the general type of personality of the people in the group, as well as exit opportunities if possible. Just based on interest and what I have read in older forums, I was thinking along the lines of M&A or industrials. If anyone could provide some knowledge here or via pm on the questions I posed earlier regarding these groups or any others I would really appreciate it.
I will be at CS this summer as well- have a decent amount of insight from networking with folks the past several weeks. PM me
@thatkid sent you a pm.
Would appreciate any other opinions as well
From a non-target as well
Love the M&A guys. Great people. But you will get slaughtered with hours.
Yeah I'm ready to put in long hours but I did read in some old threads that m&a was exceptionally brutal which is making me a little weary of that group. You know how the hours or people compare to those in industrials or financial sponsors?
FS & M & A have the best options for PE. HC is among the best coverage groups at CS in terms of deal flow and exits to PE. All have pretty long hours as you would expect in IB at a BB.
Any insights into Global Industrials & Services? Deal flow, exit ops etc...
Credit Suisse IB Groups Selection (Originally Posted: 02/26/2014)
I've accepted an offer for CS IBD in the New York Office for the summer. Group selection is soon and I would prefer an industry group (not interested in sponsors/m&a)
I've met representatives from various industry groups, and my top three choices are industrials, healthcare, and TMT. I am having trouble deciding which of these 3 groups I should join.
Industrials-Large group, great people and top ranked Aerospace & Defense Team. Very interested in this field personally, but feel m&a activity is relatively limited when compared with other groups. Worried that a lot of time will be spent on capital raises.
Healthcare- Smaller group, great deal flow. Lots of m&a exposure, booming industry that has seen a lot of activity and will see more in the coming years (Obamacare, biotech). Think I will get a nice broad experience here, worried about the hours (heard that HC groups are sweatshops).
TMT- Interested in tech, strong team at CS. Worried that I will focus solely on media and telecomm in NY because a lot of tech work is done out of San Francisco.
I am open to any of these groups, would appreciate any input from anyone on this board on which group I should choose.
Bump
Bump guys please help I have to choose soon :)
NY HC group doesn't do too much in reality - all the deal flow you've seen is done out the SF office, which is headed by the MD that runs biotech and is the co-head of Americas Healthcare. Also m&a isn't run in house by the HC group, all passed on to the NY M&A group.
The NY TMT group does do at least some tech deals - I know the NY group specifically advised on Alibaba's investment in Fanatics.com and David Wah does spend a good amount of time in NY.
Agree with the above.
TMT in general is a pretty fratty group, if that matters to you at all. They work hard (though by no means are they a true "sweatshop" group), and they have decent deals (or at least they did as of this time last year).
sick offer bro
i've heard m&a group in NYC isn't what it used to be -also heard TMT has been doing well in NY, but they have bad hours but good culture
Credit Suisse group placement (Originally Posted: 01/28/2012)
Hi, I am a junior from a target school. Before you jump all over me please understand I am not one of the kids asking without an offer. I searched my question already and couldn't find very recent answers ... simply would like to know what are some strong groups at Credit Suisse.
About me, I hope to end up in hedge (open to both credit, equity) and I would like an MBA in the near future, potentially right after my analyst stint.
With that in mind, what are some groups I should be considering there? I have made connections with quite a few people across many groups to the point where my name is known, but probably only one where someone would actually go to bat for me. I heard that Sponsors is their best, and M&A and TMT are strong as well.
Appreciate any info.
Sponsors has traditionally been a strong group there and could be a good fit if you want to do credit after... M&A is pretty solid too (its not MS M&A, but let's face it, not everyone can be #1), can't really comment on TMT
Is CS M&A regarded after JPM M&A?
I'd like to know about CS M&A vs JPM M&A, as well...because CS keeps telling me their teams are "lean" and I will get "better experience," but I thought on the whole JPM M&A had a better reputation. And what are the exit opps for CS M&A vs JPM M&A? Decent placements for both?
I do know their M&A team is pretty lean ... I was talking to an alum and he said he completed 5 deals before he finished his second year ... they underhired in '08 and only ran 5 analysts in the group and then M&A picked up and they were understaffed.
CS Groups? (Originally Posted: 10/13/2006)
Couple of questions regarding CS:
1) What Groups are good to start as a First Year Associate?
2) Which Groups have good people/culture/work environment etc.?
3) Which Groups have good (make that decent - who am I kidding?) hours? Which groups have worst hours?
4) Which Groups provide the best exit opportunities (PE/Hedge funds/VC)?
Thanks in advance.
Good groups at CS to be in (for amazing deal flow and exit opportunities)
Sponsors and Leveraged Finance
M&A
Technology
Agree with above, but depends on office. Technology is great in SF/Palo Alto, but the leadership out of NY and culture sucks. I'd throw in Energy also. They're great group, but long hours. The M&A groups is picking up and has done great this year advising on many large deals and LBOs. The Media & Telecom group is great with good group of people and lots of deal flow. It depends on what you like. Same can be said for Industrials. CS also has great regional offcies. Its office in SF, Chicago, and LA are considered to be in top 3 for the respective city.
M&A has the worst hours. Trust me as I know someone who's an associate in that group, but you're getting probably the best experience, so it's your call.
Not going to rehash what's already been said but scotttwibell said it all.
anybody know anything about CS's Toronto office?
Anybody know anythign about CS Buyside Insights Group?
Have a friend that is an associate in CS BIG. Seems like a great group and a unique concept, but the hours are horrible (I routinely get calls from him at 3-4AM).
Best Credit Suisse group/location (Originally Posted: 10/27/2012)
I have been networking pretty aggressively these past few months and have actually established contacts at CS LA, CS SF (TMT), and CS NY (TMT).
And I was just wondering how to rank them. Obviously Im going to keep in touch with all of them, but when the time comes to choose (I will likely get first rounds) which one is best? In terms of prestige, exit opps, lifstyle?
Thanks
FYI I am a junior networking for SA recruitign
BUMP
Cliche answer - just apply everywhere. Key thing is to get an offer first and then worry about location afterwards...
I understand that, however ive been asked by bankers before whether i want to do west coast vs east coast banking. And ive been told by people who went through recruiting last year that in their first rounds they were asked for a preference.
CS has always been strong in tech, but I'm not sure where most of their execution is done. If you are interested in tech, I'd say that you should focus on being in SF as it will be much easier to pursue exit ops after your 2 years. You will also have better access to clients and network opportunities.
CS Sponsors LA
this
Shambles may have been harsh but CS tech (both NY and SF) have seen key people leave and have missed big deals over the past two years.
Thanks for the input!
One more question though, how about CS's Industrials group in NY? Any input there?
Any updated thoughts on CS SF? Relative to BAML Palo Alto (TMT coverage)? Have superdays with both.
Decided to revive this instead of making a new thread. Curious about what the answers are today.
New CEO coming in tomorrow to decimate the place. Stay tuned.
How's CS Tech SF in 2016?
Credit Suisse groups - How are M&A exit opps? (Originally Posted: 10/22/2009)
How is M+A exit opps and dealflow in relation to other groups at CS?
Correct me if I'm wrong, but I think being in an M&A group at any BB is the way to go, unless you have a specific industry you want to get into after banking.
they're pretty good, esp in tech (boutros i believe is still there)...
Credit Suisse Groups - Sponsors and M&A are top 2? (Originally Posted: 02/13/2010)
Hey guys,
I have to choose the group that I want to join... so far I've heard that Sponsors and M&A are the top 2 (would you guys agree?). Can anyone comment as to which would have better exit opp's / more modeling? I'd really appreciate some guidance. Thanks.
Would like to hear thoughts on NYC groups...
.
is this for full time or SA?
Mine is for SA
As far as PE exit opps go
PM me if u need details
London may be a bit different but..
..in the US their stronger groups would be
Sponsors M&A Energy Tech Industrials & Services
What type of exit opp's are typically available for analysts coming from M&A/Financial Sponsors? Are we talking megafunds or?
Megafunds.
IMO, M & A. I'm not sure about their Sponsors grp.
Within M & A, its Tech and energy. you'll probably have more modelling and exit opps from here..
BUMP
Credit Suisse Groups - Chicago (Originally Posted: 09/08/2008)
Hey everyone,
Do any of you know which IBD groups at CS are based in Chicago? As an aside, do you know if the Latam coverage group is in Chicago as well?
Thanks!
Credit Suisse global services is in chicago. The head of that group also heads chicago investment banking for CS also I think.
I believe that CS Chicago covers Industrials, Services, FIG and Consumer. Does some Latin America and Asia deals. Very strong office from what I hear.
Oasising is correct. I believe there is also a Vice Chairman of IBD centralized there, but his name escapes me at the moment.
edelstein?
Latam in NY
Latam in NY
Credit Suisse-IB Groups (Originally Posted: 02/26/2014)
Hey all-I've accepted an offer with Credit Suisse IB in the NY office. Group placement is soon and I would rather do an industry group than a product group (not interested in Sponsors or M&A).
I have three top groups: Industrials, Healthcare, and TMT and have met individuals from all. Having trouble deciding my top choice.
Industrials-great group, lots of big clients and strong A&D team. Worried about relative lack of M&A and a bigger focus on capital raising.
Healthcare-lots of deals, booming industry (biotech), more M&A exposure, leaner team. Hours might be a concern.
TMT-strong team, like healthcare booming industry. Worried about focusing more on Media and Telecomm in NY, a lot of tech is done in the SF office.
Would like to join any of these groups, but want to hear any advice that may help me make my decision for my top choice group.
I'd go with Healthcare - pretty familiar with the group and know that they have very strong dealflow (specifically in M&A) and place well in PE as well. The top guys there are make it rain; one senior banker there is a douchebag though - hopefully you won't be working with him
Need Help - Credit Suisse Banking Groups & Sell Day (Originally Posted: 02/20/2011)
Just wondering if anyone here has gone through a CS Banking Sell Day. I recently accepted a SA offer for the NY office, and have a sell day coming up soon. I'd very much appreciate some insights into the banking groups at CS as well as how to prepare for/do well on the sell day so I can get into my top choice groups.
I know it's only a summer, but I'm taking it very seriously and really hope this to be my FT group. It's a bit cliche - but for now, I am really interested in M&A, Sponsors, TMT. So any information about these groups (or any other groups) would be extremely helpful! (group culture, deal flow, exit opportunities, etc.)
Also any details about the sell day would be much appreciated, i.e. how many bankers will be there, how do you know who is the staffer in that group, will there be many senior people, is the matching rate good at CS.
Sorry for posting so many questions at one time, but I would really appreciate more information on anything that's relevant. Thanks a lot!!
Anybody?
Credit Suisse Groups - Top groups? (Originally Posted: 07/11/2009)
Given the recent tempered-but-still-rosy opinions of DB/CS of late, I was wondering what you felt like the top groups at the respective banks would be in the upcoming few years....
Off the top of my head at the two banks, there's: Energy, Tech, Media/Telecom (or maybe it's TMT for these guys), M&A, Sponsors, LevFin&Restructuring (one group at CS, maybe two at DB?), Consumer/Retail, Healthcare, FIG, Industrials, Real Estate....
BUMP
CS sponsors really kills it.. very well-oiled machine over there
Sponsors/Energy are the top groups. M&A would be next best...
Thoughts on TMT NYC?
Credit Suisse - Group question (Originally Posted: 05/02/2008)
Hi everyone. I've been reading this site for awhile to study for interviews, but have never had a reason to post till now.
I'm working at Credit Suisse this summer in the leveraged finance and restructuring group this summer. When I applied, I knew that LevFin wasn’t a very hot field, but I had genuine interest in working in the area and figured that the market would always turn.
My question is that the group was renamed "Leveraged Finance Origination and Restructuring". I was wondering if anyone knows anything about this new group. Is it a new group in name only or is the work significantly different?
Also, is there anything I could do in the coming weeks to prepare for the work I am going to do this summer? Any books I should read ect?
i'd be interested in responses as well, mostly because i would like to know how much restructuring work the bb's will actually have over the summer (as opposed to the smaller boutiques that are more focused in this area...)
I'm curious about this to. I'm not quite sure about what BB's actually do during the restructuring process, since boutiques are the lead advisers.
LFO&R was formed 2 or 3 years ago when CS merged their Lev Fin and Restructuring groups. very good group because in both good times and bad, you'll have work to do. also, i've heard the culture is very good.
Credit-Suisse-IBD-best groups? (Originally Posted: 01/18/2009)
Most prestigious, best deal flow, exit ops etc, what are they? thanks
its the group that you get an offer from. dont get stuck working in an industry you dont care about.
They've got one of the better energy groups from what I understand.
I've heard good things about tech, especially in SF; although now that Quattrone is back in the game, that might not be quite as accurate.
How is healthcare?
Healthcare is pretty mediocre. Traditionally, the best groups have been sponsors (them and JPM are top 2), M&A, energy (best on the street), and tech (top 3, notch below GS/MS, well above all else).
FIG and Healthcare are both pretty weak. Industrials is solid, just got split up into two smaller subcategories though.
Tech (probably second only to Goldman and Morgan) and Energy (probably second to Barclays).
.
When you say energy, you mean power or oil and gas? how would you classify each separately?
I was referring to oil & gas.
I've heard that in London their lev fin used to very strong in terms of compensation.
Just my 2c.
i heard that power is best on street but oil and gas is kinda middle of the road...
Energy & power group (NYC) is much better than oil & gas (Houston). Really, really good alternative energy group too between the tech group and energy & power group, probably 2nd only to MS, if that.
CS Groups (Originally Posted: 06/20/2007)
I would appreciate Feedback on various IBD groups at CS for a fulltime Associate role. So far my ranking is as follows:
Financial Sponsors - Great dealflow. Difficult to get in.
M&A - Great dealflow. Anybody know about the group culture? I have heard that M&A is a pretty tough group in terms of culture/hours etc.
Technology - I wonder how good is the Technology group in NY?
Healthcare - Any information?
Media & Telecom - Any information?
I would appreciate any feedback on ranking of groups. Also, it will be great if somebody can provide feedback on culture/people/hours etc. for various groups.
Thanks.
Also, how is the Lev Fin group at CS? How is the work in Lev Fin different from work in Financial Sponsors?
You're right that FS is the most difficult group to get into. Everyone wants to get in that group since they're the top on the street. Lev Fin works closely with Sponsors and is quite strong. They do most of the execution I'd say. The hours are also bit better than Sponsors on average.
The people in M&A are pretty cool and diverse, but hard working group. That's the case at any BB M&A group though. If you're willing to put the hours, it's a great group. I'd stay away from Technology in NY. The heavy hitting MDs are all in SF. I don't know much about Media. The energy group is strong in NYC also if you're into that.
Scott
Thanks. I appreciate the feedback.
From what I have heard the Sponsors group at CS mostly works with the BIG sponsors, does most of the financial analysis and the Lev Fin group works on execution (syndication, debt structuring etc.). Also, I have heard that the Lev Fin group also works directly on SOME LBO deals with some mid-market companies. Is that accurate?
How about the exit opportunities? Would you say that Lev Fin has similar exit opportunities at PE/HF/VC firms? If not what are the exit opportunities after working in Lev Fin at CS? Also, how many people work in the Lev Fin group and how many people do they take each year from the Associate class?
Can anybody share information on other CS groups in NY?
Thanks.
Lev Fin at CS actually doesn't really touch Sponsors deals, they just do capital raising for companies. All the LevFin work for LBOs will be done within Sponsors and DCM. LevFin is also the restructuring group at CS. The LevFin group does not really work with Sponsors all too closely, both do a significant amount of execution, though sponsors does considerably more, and Sponsors does work a good 10 extra hours a week. Hope this helps.
Lev Fin at CS actually doesn't really touch Sponsors deals, they just do capital raising for companies. All the LevFin work for LBOs will be done within Sponsors and DCM. LevFin is also the restructuring group at CS. The LevFin group does not really work with Sponsors all too closely, both do a significant amount of execution, though sponsors does considerably more, and Sponsors does work a good 10 extra hours a week. Hope this helps.
i would say if you are stuck having to work at CS, i would just kill yourself, before agonizing over which group to get stuck with.
glee:
IB2007 has good questions regarding CS. There is no need for you to make these kind of comments.
What did you do, get rejected by CS?
coltsreign:
you have no sense of humor. it was a JOKE. and 2> i rejected them:_)
but sponsors is the best one there, from what ive heard from friends at the firm
Absolutely no sense of humor
coltsreign thanks for backing me up!
I realize that Sponsors is the BEST group at CS and obviously it is going to be my #1 choice. However, I think most spots in the Sponsors group are already taken. So, I am looking for feedback on other groups that I should consider. I am leaning towards M&A, Technology (NY) or Healthcare. If somebody could provide info on deal flow/culture/hours/people in these groups that would be great.
Is CS M&A quite bad in terms of hours vs other groups at the firm? Is there a significant lifestyle difference?
has long hours, but other groups work hard also. I'd say the experience you get is definitely worth the few (5-10) extra hours per week. You'll work o the highest profile deals for the firm and have exposure to great senior MDs. I'd say Sponsors/Energy (the other top groups) work just as hard also.
IB2007...how exactly were interns placed into the sponsors group? do you think a lot of them already knew they'd be in sponsors before they even started their summers, or is it strictly based on how well you are able to network once the internship starts? thanks.
azwethinkweiz
I think it depends on how well you network.
It depends on networking. You get the opportunity to meet with plenty of people and you also have to seek out the specifics groups you want. The group members ultimately invite you back.
Anybody have information (Culture, hours, bonus and exit opportunities) on the following CS groups in NY - Technology, Lev Fin, TMT, M&A, Healthcare?
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