Credit Suisse FIG recent exits.. WTF?
https://www.reuters.com/business/finance/credit-s…
credsuisse have lost their global head of FIG, EMEA head as well as 7 other seniors in the FIG team...
WTF ??
Trending Content - Investment Banking Forum
| +259 | Why UBS Is the Worst Place to Start Your IB Career | 40 | 1d |
| +216 | UBS 2nd Year Analyst Q&A (2026) | 41 | 3h |
| +93 | What's your craziest "hardo" story? | 16 | 12h |
| +62 | Indiana University Fraternity Pipelines | 36 | 2d |
| +52 | Rogo AI | 22 | 6h |
| +49 | Elite Boutique interview questions | 17 | 1d |
| +48 | Suspended for a Year | 19 | 2d |
| +47 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 18 | 5h |
| +30 | Rate my non-target resume | 15 | 7h |
| +24 | RX Firm Lateral Advice | 15 | 11h |
Career Resources
Well CS's share price did dive so bankers are cheap to hire (their deferred comp is now lower than usual) from there and they all expect low bonuses this year giving them one more reason to leave. Jeffs pays mostly cash from what I hear which is great not to be tied up with stock (uncertain value) - sure their cash comes with clawbacks but effectively the same vesting as shares.
I mean we also don't know team dynamics. If junior are tied to a head and they like thier boss no reason to not continue your career with a person.
I don’t think it’s a surprise. They jumped from a bank that isn’t doing too well recently to a bank that is upward trajectory. Also, Jefferies usually has great packages for the senior bankers they hire and they also pay all cash versus a deferred component at CS. Like the other comment mentioned, CS stock performance is pretty bad rn. Even DB’a Stock is doing better. Plus, I believe FIG seems to be worse hit because they deal with financial institutions and those were the ones that caused the problems (archegos, greensill etc) not saying it was IB’s problem but still very bad optics and optics matter in IB.
Curious on Jefferies progression by title, actually. Does anyone know the typical title bands? For example, ANL 2 years, ASO 3 years, VP 3 years, DIR ~3+ years, MD, put out to pasture?
They don’t have directors. They call them Senior Vice Presidents but yes that’s correct.
I used to work at JEF - very "up and out" at the SVP level. Seen a ton of SVPs get pushed out if they don't make MD, not sure if that's consistent across the street. Not as many homegrown MDs as other banks.
bump
Voluptate minima praesentium et voluptatem aspernatur. Minima voluptatem cupiditate accusamus beatae cumque aliquid. Reiciendis sapiente dolorum eos corporis ullam. Qui consectetur earum quo iste sed facere. Dolores sit ducimus provident eos et.
Corporis dignissimos animi quisquam. Aperiam et odit officia voluptatem sint non esse impedit. Non saepe quis ea non vel quasi ab. Est tempore corporis quis repudiandae est.
Et consequatur quo ea fugiat eius. Dolores esse qui omnis sequi. Reiciendis quaerat dicta sapiente nesciunt quia. Distinctio omnis et et aspernatur non omnis aut voluptatem.
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...