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I have an interview with credit suisse IBD coming up and wonder if anyone can share some insights on how to answer the why credit suisse question ?

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Comments (30)

  • El_Mono's picture

    Q: Why Credit Suisse
    A: Why not?

    - Guy with so few jokes that has to constantly repeat himself

    Valor is of no service, chance rules all, and the bravest often fall by the hands of cowards. - Tacitus

    Dr. Nick Riviera: Hey, don't worry. You don't have to make up stories here. Save that for court!

  • SnappleApple's picture

    You really like swiss culture and swiss food. You originally wanted to go UBS but they suck so you settled w/ CS instead.

  • Bruce Wayne's picture

    Talk about how UBS is inconsistent with their offers (delaying SA returns, rescinding FT offers).

    or you can talk about how much you love chocolate, watches and skiing.

  • NYU's picture

    One of the few banks not bailed out in the crisis.

  • VoidTrading's picture

    As mentioned above, definitely badmouth UBS. (Find choice UBS SUCKS! quotes on Dealbreaker to help you sound funny and genuine). Also, definitely mention your love for chocolate, watches and skiing. Throw in love for fondue and mention you have a huge boner for Roger Federer and you should get the offer.

    Ok, seriously though you would be better served mentioning their more recent news just by Googling their name/ looking for their most recent news.

  • Whiskey5's picture

    as part of your interview cost, drop 50k on a patek and show you are serious

  • Cruncharoo's picture

    Why did you even apply there if you don't know why you want to work there?

    This to all my hatin' folks seeing me getting guac right now..

  • In reply to Cruncharoo
    Whiskey5's picture

    Cruncharoo:
    Why did you even apply there if you don't know why you want to work there?

    this is such a bull shit statement
    because he wants a banking job and applied everywhere. why do you want to work where you are?

    All BB gigs are exactly the same

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  • MEvolutionToday's picture

    As people mentioned earlier, I would not badmouth UBS.

    I would just say that you like the Credit Suisse values/Swiss values. Skim through their website, you'll find a bunch!

  • In reply to Whiskey5
    Cruncharoo's picture

    Whiskey5:
    Cruncharoo:
    Why did you even apply there if you don't know why you want to work there?

    this is such a bull shit statement
    because he wants a banking job and applied everywhere. why do you want to work where you are?

    All BB gigs are exactly the same

    Okay, you're right, I guess I was being dismissive of the question. Think of it this way, you get an offer to work at each and every BB you applied to and they all pay the same salary/bonus. Which one do you choose? How you answer that question should be how you answer 'why CS?'

    This to all my hatin' folks seeing me getting guac right now..

  • In reply to NYU
    Ichan's picture

    NYU:
    One of the few banks not bailed out in the crisis.

    Why does US gov need to bail them out, its swiss bank. what does it have to do wid american gov

    It's not about the money. It's about the game between people.

  • Hank Rearden's picture

    Why were u born?

    If you ain't gettin money dat mean you done somethin wrong.

    " If you have built castles in the
    air , your work need not be lost;
    that is where they should be .
    Now put the foundations under
    them." - Henry David Thoreau

  • In reply to Cruncharoo
    Ichan's picture

    Cruncharoo:
    Whiskey5:
    Cruncharoo:
    Why did you even apply there if you don't know why you want to work there?

    this is such a bull shit statement
    because he wants a banking job and applied everywhere. why do you want to work where you are?

    All BB gigs are exactly the same

    Okay, you're right, I guess I was being dismissive of the question. Think of it this way, you get an offer to work at each and every BB you applied to and they all pay the same salary/bonus. Which one do you choose? How you answer that question should be how you answer 'why CS?'

    Well, you must b very lucky to have offer where ever u apply or you are son of so and so. In that case, you are outlier.

    You apply everywhere, find some BS to justify Y ABC Y not XYZ?

    It's not about the money. It's about the game between people.

  • Disjoint's picture

    Valid question -
    1) Because in that particular sector you are one of the top 3, if not the best.
    2) Credit Suisse did NOT get bailed out (to the numb nut in one of the comments above - the US government is not the only one bailing their state banks)
    3) The grad scheme looks very interesting, and you have heard it is one of the best training program on the street
    4) You are worried about massive regulations on US banks, Credit Suisse will be affected to a lesser extent
    5) In the London office they have a swimming pool in the building!
    You get the gist............

  • In reply to Disjoint
    oreos's picture

    Disjoint:
    Valid question -
    1) Because in that particular sector you are one of the top 3, if not the best.
    2) Credit Suisse did NOT get bailed out (to the numb nut in one of the comments above - the US government is not the only one bailing their state banks)
    3) The grad scheme looks very interesting, and you have heard it is one of the best training program on the street
    4) You are worried about massive regulations on US banks, Credit Suisse will be affected to a lesser extent
    5) In the London office they have a swimming pool in the building!
    You get the gist............

    don't say any of this! CS being the lesser of many evils is not a reason to want to work there. find a deal they did, pretend it's badass, say you liked it, say it's global firm, find what makes it different to the competition and learn the culture and claim you love it so much you wet yourself when you walked in the building

    "After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

  • cujo.cabbie's picture

    If you were invited for an IBD interview shouldn't you know why CS? What did you write in your Cover Letter?

    Troll alert.

  • lionwater's picture

    You should say, "Wait a minute.. I have no idea. Good question." and then walk out.

  • BTbanker's picture

    "I like the cheese you guys make."

    "What's that, you don't make cheese?"

    "Can you check in the back please?"

  • andres17's picture

    Can I say: "Because you sponsor my favorite tennis player, Roger Federer. And I hope to meet him someday when he decides to pay us a visit". ???

  • In reply to andres17
    miscer's picture

    andres17:
    Can I say: "Because you sponsor my favorite tennis player, Roger Federer. And I hope to meet him someday when he decides to pay us a visit". ???

    Ure probably joking but if you throw that as the last sentence, half-jokingly, and as a part of a more serious/legitimate reason, I can see it working.
  • DoYouLikePhilCollins's picture

    As someone that works at Credit Suisse in the LA office, there are several ways to answer this.

    Credit Suisse is a top league table ranking Investment Bank and you know that the groups are small so the deal exposure and ability to work with senior management is something that you would love to participate in.

    Mention how Credit Suisse is a prominent bank that promotes internal growth/mobility. Contrary to the news, the culture is actually "if you made it here, we want you to stay here," even if that means transferring to another group or division.

    What group are you interviewing with?

  • theassetpro's picture

    read their mission statement and talk about it during the interview...they will eat it up

    "The way to make money is to buy when blood is running in the streets."
    John D. Rockefeller.-

  • In reply to NYU
    Luis Winthorpe III's picture

    Re: CS not taking bailout money -

    Not exactly true...

    *not bailed out by the U.S. gov't would be a correct statement. Both UBS and CS took BOAT loads of money from the Swiss government during the crisis.

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  • Rocky Mountain Recruiter's picture

    Robert Shaw
    Recruiting Consultant
    Lakeshore
    Denver, CO

  • In reply to Ichan
    Hank Rearden's picture

    If you ain't gettin money dat mean you done somethin wrong.

    " If you have built castles in the
    air , your work need not be lost;
    that is where they should be .
    Now put the foundations under
    them." - Henry David Thoreau

  • Hank Rearden's picture

    If you ain't gettin money dat mean you done somethin wrong.

    " If you have built castles in the
    air , your work need not be lost;
    that is where they should be .
    Now put the foundations under
    them." - Henry David Thoreau

  • Camus's picture

    who is john galt?