Credit Suisse vs. Jefferies 2022
Hi everyone - would appreciate any insights on JEF compared to DB/UBS or CS in 2022. If it's two, or three years ago I guess hands down CS but all the news recently about the firm is really worrisome. I would really appreciate any insights for someone as an incoming analyst and probably will exit in around two years. Which bank should I choose?
Also would like to hear any insights on potential layoffs coming along the way for CS.
Here is a recent bloomberg news: https://www.bloomberg.com/news/articles/2022-08-2…
Bump
idk but rich handler kind of goated ngl
*Poor Footler
CS all continue to have a well established SA experience and 2year PE track for all bankers interested.
I would take CS without any hesitation
no way you arent a CS SA
Take it from an A2A at Jefferies: if you're an analyst and primarily care about exiting in 2 years, go CS all the way. It'd be a bit closer of a comparison if it were Jefferies vs CS for someone aspiring to be a career banker (like me), but CS blows Jefferies out of the water in terms of name brand and visibility for buy-side recruiting. CS is in good enough shape to not be a big concern if you're going to exit in 2 years, and let me tell you the grass isn't all green here at Jefferies either. The firm was in growth mode for the past 5 years, and with a potential continued stagnation in ECM and Levfin activity, the latter of which Jefferies IB is built on, Jefferies is definitely in for some fat trimming across all levels as the firm was completely in growth mode the past 5 years and as a result has picked up way too much dead weight all the way down from the senior level.
Appreciate it man this is helpful
Also any ideas towards JEF vs. DB/UBS in terms of exit? I guess it is more group-specific but generally on par
UBS>DB/Jeff. They are all the same tier generally in terms of exits and the outcome largely comes down to the individual.
Thanks for the response! Interested in hearing how these two compare for a career banker
Despite the headlines only one of those two laid off banking analysts this year and it isn’t the one in the Bloomberg article…
Is JEF laying off IB analysts?
I worked at UBS/DB this past summer and I'd prolly say CS > Jeff > DB/UBS. CS is better than all 3 for the most part. Jeff, DB, and UBS are all generally on the same level/tier, and it depends on group. But Jeff is on a way better trajectory compared to DB/UBS
Jeff
Jefferies
It still looks like they want to take a lot of RWA away from the IBD which is quite crucial for BBs (offer financing next to M&A advice). It‘s also pretty bad for LevFin which has always been their best performing product. Probably still a good Analyst experience though.
Did you get a full time offer for both CS and Jeff to start in 2022 or 2023?
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