Credit Suisse: a neutral sweatshop?

Hi everyone, after reading the recent analysts surveys I realized that there is a bank that is often ignored online: Credit Suisse.

Since I worked at CS (Europe), below you can find my review on this bank.

  • Hours: interns are required to ALWAYS be in the office (9am-4am or worse) and they are generally assigned boring and degrading tasks (print this, bind that, buy lunch for X, order dinner for Y). Analysts are overworked, generally unhappy and often they do not even have time to grab something for lunch.
  • Average hours of sleep per day: 4-6 (usually on the lower range)
  • Physical / mental health: significantly degraded, both for me and my colleagues (some people are depressed, others lost / gained weight, others aged 10 years) 
  • Culture: very group dependent, some teams are extremely toxic and have VPs / MDs who have no life outside of the office, other teams are better
  • Groups with the worst hours: TMT, Consumer, Energy
  • Groups with the best hours: product groups
  • Protected weekends: what are those? I heard people making fun of banks who have them. It will often happen that you work at 2AM on Saturday / Sunday.
  • Protected holidays: same as above.

Conclusion: if I were HR I would take serious steps to help analysts/associates and prevent everyone from resigning after 1/2 years. People are finally realizing that the pay is not worth the suffering.

****

The views and opinions expressed in this review are based on my personal experience and are not representative of the entire bank.

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