Credit Suisse - honest assessment

Posting anon since I'm actively recruiting right now for an IB position. I "clicked" well networking with the Houston group in Credit Suisse as far as the culture and fit, and straight up got told "you WILL get a first round interview at least."

That said, Credit Suisse has been in the news lately for not the most spectacular reasons. I'm not sure the Houston team will be affected or not but it's now something that enough professionals and mentors brought up that I wanted to ask the question. Is this something to be concerned about? Devil's advocate, early 2010s Goldman and Jefferies were in the spotlight and that blew over eventually. Wanted people's honest opinions.

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CS analyst here - I'm biased of course but things are pretty good here the last few months. We're currently hiring like crazy at the MD level. Senior management has rolled out a big splashy plan to bolster M&A platform, already signed a bunch of heavy hitters from other BB's and the likes of Centerview. The firmwide strategic review was a big overhang for retaining and hiring senior talent - everything was on the table and the fate of the investment bank was definitely uncertain, that finally concluded and they re-affirmed their commitment to remaining a strong BB franchise, re-investing in the business etc. Seem to be regaining momentum after many months of crappy headlines and uncertainty. FWIW, I think the culture here is better than what I hear from any of my friends at other shops. Most groups WFH 2 days a week, lots of people leave at 5-6pm and log back on from home etc. They're also cutting the analyst program to just 2 years before associate promo, our bonuses this past summer were unaffected by Archegos and very in line w the other BBs ex-GS. That's all to say - I think you should go in with an open mind and if you like the team, take the gig with confidence.

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