Okay once and for all, I need to know how it is to accept an offer from Credit Suisse (London), simply when I have no other choice, in banking at least. I'm essentially my class's joke for receiving this offer. The bank is suffering, no denial, but I feel like people just overexeggerate it for the lolz.
What are your thoughts?
| +195 | Who Killed Wall Street | 65 | 4h |
| +176 | Worlds Worst MDs Competition (2026 Edition) | 34 | 20m |
| +164 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 3d |
| +120 | Lindsay Clancy - Thoughts from A2 | 22 | 22h |
| +58 | How bad did I mess up | 11 | 17h |
| +43 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 21 | 14h |
| +34 | Most technical groups? | 18 | 1d |
| +31 | NYC Wall Street Run Club | 4 | 5h |
| +29 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 13 | 4d |
| +21 | Meritocratic IB groups / banks | 15 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
One in the hand is worth two in the bush.
I've made a lot of decisions in life that I wasn't sure about, but overall pretty happy about where I am despite those moments of doubt and less-than-ideal options. So, IMO, I think that as long as you're taking steps generally in the right direction (like taking the CS offer) you'll be fine.
I think the worst thing that could happen is the MD at your office goes crazy because CS folds entirely and kills all of the analysts and then himself.
Best thing is CS makes some great comeback and you're now a rockstar.
Reality will probably be in the middle, you might piddle along for a year or two and be able to lateral to a different bank, or you work there for 5 or 6 months and get laid off and have to re-recruit, but generally it's easier to find a job once you have some real work experience.
So if you don't have any other IB offers, and you want to do IB, I would just take it and make the most out of it. Sometimes you have to go through the crucible, and you come out on the other side stronger for it.
sign it and keep recruiting to hedge against risk of your offer being pulled
If you’ve got no other offers, I definitely recommend taking it. Break into IB and lateral else where at a more suitable time.
I don't understand what the debate is - CS vs unemployment? Doesn't seem to be something you have to think too hard on
Nah cuz apparently working for CS is literally worse than death.
OP: might as well commit seppeku than dishonor your family, class mates, and WSO community by accepting an “IB” offer at CS
Lmao exactly. The thing is, if I could land something at CS I could do well in other banks, so committing myself now just might be suboptimal at best. Regardless, I'll take their offer.
.
how are they still hiring ppl when theyre cutting like half the front office at london???
Cheaper labour and new potential high achievers perhaps?
Et in voluptas harum debitis. Iusto quod vel quidem accusantium. Sunt voluptas hic ad quis eveniet. Facilis amet dolores modi perspiciatis libero id repellendus. Eveniet commodi dolorem tempore aperiam nihil. Cupiditate aspernatur assumenda libero autem corporis voluptatem.
Et culpa exercitationem iusto quo et est. Eos nam dignissimos qui atque facere. Excepturi deserunt ducimus at vel.
Ab soluta amet itaque iste eum praesentium dolorem. Assumenda enim fuga aliquam occaecati. Dolor non fugit excepturi suscipit doloremque provident ducimus.
Deserunt repellendus pariatur veniam recusandae qui a sequi. Fugiat vero non magnam fugiat nihil et consequatur. Totam error voluptatem ut accusantium voluptas.
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...