Credit Suisse SA Group

I recently accepted an IBD SA offer from Credit Suisse NY and am starting to think about what groups I should go for when placement happens in the Spring. I'll definitely try to talk to as many people as possible, but would love some preliminary information. What do you guys know about their TMT, Industrials, Sponsors, HC and/or M&A groups regarding culture, hours, and deal flow? I've used the search function but would like more recent information. Thanks for any help.

 

Do a search, this has been discussed ad nauseam. CS Sponsors has traditionally been one of the top groups on the Street, and far and away the best group at CS (who knows with markets now though). The top groups at CS have traditionally been Sponsors, Tech, and M&A.

 
Best Response

As far as I know, most of the tech deals that CS does originate and are completed in SF. I'm sure there is solid dealflow in NYC for tech, but given their proximity to Silicon Valley, the SF office gets the lion's share of those deals.

Pick the groups that interest you. Tech might be great but if you want to do healthcare, then go for it, especially as an SA. If you do well in any group as an SA, you can leverage it to go work for a BB that is more respected in the area that interests you. Again, don't chase prestige. Talk with as many analysts as you can in as many different groups, and find out lifestyle/culture/dealflow/style of work, and then see if it fits you. Trying to get into the 'hot' group can blow up in your face, as I'm sure many LevFin/Sponsors people who did it hoping they could move to PE in two years are wishing they were elsewhere since they have zero dealflow right now.

 

Thanks for all the help guys. So far my list is:

  1. M&A
  2. Technology
  3. Energy
  4. Financial Sponsors
  5. Industrials

Do you think Financial Sponsors should rank higher at CS (even in light of the current market conditions)?

Also, feel free to edit the list. Furthermore, does anyone have information regarding the M&T, Latin America, Financial Institution groups?

Lastly, which groups are on the lower end at CS? (lifestyle, dealflow, etc.)

Thanks!!

PS. This is for the NYC office.

 

Just something to consider: I heard that banks are laying off more people in the execution groups (M & A etc.) as compared to the industry groups where analysts are still useful for doing pitches even if there's no live deals.

 

gomes3pc, comment on CS tech: SF certainly does do all the Silicon Valley deals, and is also the lion's share of the actual manpower in the global tech group. There is, however, a great deal of tech stuff going on on the East Coast as well, and that's what NY tech covers - less software and internet start-ups, yes, but a ton of other stuff falls under the umbrella of technology. Smaller, more intense core of analysts.

 

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