Credit Suisse asset management
Most of the news/scandals seem focused around the investment bank; what's the environment like for the asset management side? How worried should interns and junior people be?
Most of the news/scandals seem focused around the investment bank; what's the environment like for the asset management side? How worried should interns and junior people be?
Career Resources
You should be worried. It's still part of the firm. That's the problem with working at a bank AM because they are just part of the overall bank's capital allocation decision.
I would assume restructuring is expected. Even if business continuity is ensured. Tbh I would be worried, but still an acceptable window to have a view of what to expect.
Never really see much hiring from them. Do they prefer hiring from competitors directly?
The asset manager has exposure to the hedge fund blow ups.
Their entire banking operation seems to be heavily influenced by hedge funds, which might also heavily influence their employment options and opportunities.
Current interns + juniors should not be worried almost at all
The restructuring & co will take at least 2 years.
For normal mergers it’s usually 6 months, so only think about the time it takes to set up everything of a leading systemic (top30) BB bank
There has auditing to be made, complex due diligence procedures, several meetings with UBS and MBBs to figure out everything…
It will therefore not finish anytime soon
In the meanwhile it’s good that you look for another company to start your career (if you are an intern) since the direct entry will probably not work. This is the only downside for you
Same thing for the entry levels
Try to learn as much as you can in your experience, earn your good bucks and then, apply your career cushioning strategy to hop to another company in case you should not be taken or fired
Good luck guys, although I don’t think you will need luck, since you made it to a top international player 😊
Sit et expedita modi temporibus. Fugit perspiciatis non odit tempore. Cupiditate non nulla nobis quibusdam. Quod sint facere repellendus non animi. Eveniet atque dignissimos sunt temporibus quis laborum iste.
Consequatur reiciendis impedit omnis odio in quo. Voluptate architecto ut quae. Est et voluptatem est. Inventore facere officia maxime sed quia modi vitae. Aut rem quia esse magni nihil et.
Ut quidem id voluptas excepturi sunt doloribus est. Eum id eveniet quia suscipit ut eos ratione autem. Ea eveniet eum ipsam iusto sint unde natus.
Temporibus aut optio eum ipsa nihil. Error nihil necessitatibus et minima eum nesciunt. Voluptatum ut sed cum quasi qui quo. Exercitationem qui sint quo eos. Necessitatibus officiis et aliquid expedita impedit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...