CS LA - Recent deals they were involved in?
Anyone know what this shop does, e.g. tech/healthcare/M&A/etc? Also, any recent deals they were involved in?
SBs for helpful input. Thanks!
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What's CS LA? Credit Suisse Latin America?
Credit Suisse Los Angeles
one of the best LA banks I know that. Heard it's a sweatshop though.
Any idea what they do there? Tech maybe?
Was summer analyst there some years back. PAINFUL PAINFUL PAINFUL. I didn't go on to fulltime IBD recruiting because of them. My IBD friends said it was a mistake for me to conflate their horrible culture with IBD in general. Long story short I pussied out and went to grad school.
I say if you have any other offers, seriously consider them. Just my two bits. GL
damn...are we talking staying in the office until midnight on weekends every weekend? Like, never even getting done by dinner on a weekend to enjoy a few hours out?
Also, what does the LA office do? Industry? Product?
everything. They do full execution out of that office.
However, if I recall correctly, a group of the old school guys left CS LA and went to BarCap
They're hardcore, and FYI full time recruiting for them is completely full
Yeah, I def. figured they were done recruiting. Sounds like a good shop. Not sure I want to work all night even on the weekends, but I'd still probably do it, not that an offer is going to magically appear in the mail.
LA is a Generalist sweat shop. I know several people that work there and it's all Corporate Finance generalists. They work their analysts AND associates to the bone.
anyone get a first round/superday?
CS (Credit Suisse) LA? (Originally Posted: 01/08/2009)
Hey guys,
I have an interview with Credit Suisse LA- how technical are they, has anyone interviewed with them before, brain teasers etc? I have prior BB banking experience, however I'm applying for a summer analyst position as a jr.
Thanks,
SII
.
CS LA is generally technical when recruiting at Penn.
ex-DLJ office.
Along w/UBS LA, they're the most technical on the WC.
curious, what college are you currently attending?
They were more technical than most other first-rounds I had, but if you've had prior BB experience (....depending on what you did), you should be just fine. Good luck!
Thanks guys keep it coming.
I attend an Ivy- live in LA and home for the break.
Really nice guys. Spoke to a couple of the senior guys in the M&A group. Be sure to explain why you want to start your career on the Westcoast as opposed to New York.
He said he's from LA, so that point is easily made with "the weather...gotta come back. 4 years on the East was plenty". At least that was the same situation for me, and the response I always got was a big smile and "ah yes, agreed"
What makes CS LA so great? (Originally Posted: 03/07/2007)
People keep discussing how UBS LA is great in terms of deal flow (especially in Media and gaming), many senior bankers being based out of the office, and great exit opportunities. However, considering that everyone considers UBS/CS to be the best in LA, why do people never talk about CS LA? Do they have many senior guys based there and similar deal flow like UBS? I know that both offices are comprised mainly of ex-DLJ guys at the senior levels, but what makes the office stellar compared to other banks in LA?
any comments?
Deal flow at CS LA is outstanding. The only reason it doesn't get the same level of attention/prestige factor as UBS LA is due to the fact that UBS LA houses most of the bank's top management, and that its top management were the top guys at DLJ LA (Moelis and Raich). The ex DLJ guys at CS LA were mostly slightly lower than the guys who left for UBS following the buyout.
That being said, CS LA's Financial Sponsors coverage group is phenomenal and has advised on some of the largest private equity deals of the last couple of years. This leads to some great exit ops with these firms, especially with regards to TPG, as CS LA has advised them on all of their big deals (PETCO, Neiman Marcus, MGM, etc.), but also with KKR, Bain Capital, Ares, LG&P, and Oaktree.
Prescott is definetely right. The other reasons that it gets less attention becuase the office hasn't grown much (in fact contracted) since the DLJ merger whereas UBS LA has grown from like 30-85.
CS LA also places a bit worse outside of LA with only one KKR guy in the past three years. Majority go to LGP and Ares with less going to the other shops. This current years class has 2 LGP 2 Ares 1 Fox Paine 1 Brentwood and 4 or 5 non placed yet / returning.
The office does dominate FSG though and is better than UBS LA in terms of financing (CS is much more liberal with the balance sheet) and therefore get in on a lot of PE deals. For example, they were one of the 5 or so banks representing the buyers in the Harrah's transaction whereas UBS LA was primary advisor to Harrah's. They do some big M&A as well like Disney - Pixar etc.
The rest of the two offices are very similar - culture wise, and even hours wise now that they hvae cut their analyst class due to CS' restructuring. Also, the two very senior guys started CS LA (hookes and lannigan) but they disliked the culture and left to Black Canyon Capital, these guys were 2 of Moelis' most senior lieutenants and there's actually a very interesting story regarding why they didnt go back to UBS and Moelis primarily based on compensation issues.
Hope that helps. CS LA is a sick office - definetely have most doors open to you, primary exit opp difference is the senior guys in the office arent as well leveraged as the UBS guys so its harder to leave west coast PE.
how are the CS LA sponsors group hours compared to CS NY sponsors?
CS LA is mainly generalist with a small FIG group. Sponsors deals are staffed out of the generalist pool.
does anyone know anything about their FIG group?
UBS LA and CS LA guys are insane with the hours. I know several of the CS LA associates and analysts and I can say for sure they work just as hard as the UBS guys. They are animals - operate on 0-1 hours of sleep for 2 days while traveling cross country...
Disagree, one of my frat brothers went to UBS LA and he worked in parallel, it's no different because it's UBS/CS LA. I know some of the UBS LA crowd from 04 analyst class couple 05s. It might be a little rougher, but it's not hell.
Agree, I know a few guys who were at/are UBS LA. The hours there are worse, but only marginally. The extra hours worked there are more than enough to compensate for the tremendous exit opps they have.
question... say you are able to get an offer with UBS, how does one join the LA group? i've heard you have to apply separately, but i've also heard from posters as well as members of UBS's HR that you do it through other means... but i've never heard any specifics beyond that. can anyone clarify?
perhaps i should make a new topic, due to the fact that this topic is reserved for CS LA.
UBS LA does recruiting separately. They conduct their own interviews and hire interns and FT analysts separately. You can not get an offer from UBS in general and then "place" into the LA group. Mr. Moelis would not be happy if you tried to do that.
They hire separately from the rest of the UBS pool. A director named Mike Denbeau heads recruiting there, but generally each target school they take analysts from will have its own head of recruiting that you send your resume to. Don't hold your breath if you're not from Wharton/UMich/Berkeley/Claremont/UWO and maybe a few others.
UBS LA has expanded their pool of target schools this year for internships.
Richard Ivey, harvard, stanford
You guys on the west coast would know better what the day in day out hours are. I only know what the people I know tell me and what I've seen of those guys when travelling.
UWO is Richard Ivey.
bump
CS LA - Any good? (Originally Posted: 02/04/2007)
Any good?
Do a search.
search doesn't yield anything
very good
is 2nd best LA BB after UBS. Do you have interview or offer with them yet?
i'm a bit of an idiot. just to be clear, does 'LA' mean los angeles or a specific product group within Credit Suisse?
haha
Their generalist group is excellent. UBS got more of the top DLJ/Drexel guys, but CS LA is still very strong for high yield work and has great PE exit opps.
thanks. that was my first thought, but i was afraid that 'LA' may be some financial acronym i wasn't familiar w/
hours, pay?
They pay their summer analysts exceptionally well (comp is ridiculous) and give them a convertible...not sure about fulltime. Hours are rough.
the same at every bank.....they get salary pro-rated plus overtime for hours in excess of 40 hours.
I've seen a monthly salary payed out biweekly.
they have a late resume drop at my school, I guess i'll apply
wait ... summer analysts get overtime for hours in excess of 40?
Its a California thing I think, or maybe even just a CS LA thing. It works out to a lot of money. Its double overtime after a certain point. Just for summer analysts though.
ok, so that doesn't apply to CS NY?
CS last year pro-rated bonuses to their summer interns which is why most people think their comp is ridiculous compared to street. They got rid of that this year so only 60 pro-rated - same with cs ny and cs la. CS LA does comp you for car and apartment though.
cs ny also pays overtime. not time and one-half, though, just one-half for hours over 40 (e.g., if regular hourly rate was $20, you wouldn't get $30 for each overtime hour, you would get $10)
Wait, so do any other banks do this? Because if they do, and you're working 100 hrs a week, that's some money to be made...
DB used to do it, but im pretty sure they stopped
Credit Suisse LA - Current team? (Originally Posted: 02/26/2008)
How is CS LA FIG (Financial Institutions Group) ranked among other FIG groups? How are FIGs doing in general in this environment? I have read (in the archives) lots of positive remarks on CS LA in general, but was wondering if anybody had any information on their FIG group in general. I know that they currently have:
2 analysts (another 1 starting in May) 1 associate 1 VP 1 MD (Global Head of Specialty Finance)
Would it be worth working (summer analyst) in this office because the MD seems like such a big deal, and the deal flow is probably at least good if not great?
Any help is much appreciated.
[]
Some info:
I have offers at Savvian (Tech banking boutique), and S------ Capital & M----- Capital (2 private equity funds based out of Bombay doing insane IRR). Also I have a 1st round interview (general) with JPMorgan India & a 2nd round interview with Bear Stearns (general). I just completed a 2nd round with CS LA FIG, and it looks like they might extend an offer. These are all summer offers.
After I graduate, I would like to do any of the following: -work at Blackstone/KKR/Bain Capital/a few other top PE funds -trade options/other derivatives (with a big name hedge fund or a BB) -work at McKinsey/Bain/BCG -do IB at a top BB group
Since my summer is 15 weeks long, and Sandstone & Monsoon don't have programs set in stone, I could ideally do a "formal" internship at a BB for 10 weeks, and work the rest of the 5 weeks at either PE fund. Is this a good idea? Should I just do ~15 weeks at one of the PE funds, and get a lot of experience at one place?
Thanks again for any help.
is this Bear Stearns LA or NY?
Bear Stearns NY
Dude you may want to edit some of the personal details out of your posts, it is ridiculously easy to identify you right now.
Yeah seriously delete your school info and I hope your account name doesn't contain your last name.
Yeah, I know who you are now.
me too
you went to exeter
I'm a moron (for putting too much private information on a public forum). Anybody have any insight into my job situation? I am strongly leaning towards CS LA FIG right now, and am going to push for an offer there.
Honestly I think Bear NY is your best option right now, with CS LA FIG as a close second. If you want to end up in NY you should choose Bear, and if LA then CS is good. I thought CS LA was a generalist program... did they change that?
There's a generalist pool and the FIG group, FIG is separate.
Since I guess you've interviewed where, was Savvian for LA or NY or SF? What was your impression of the guys there?
-I don't necessarily want to be in NYC when I graduate, I'll go wherever I get a good offer. When I interviewed with them, CS LA made it clear I was interviewing for the FIG group, so they may have changed it from generalist?
-Savvian SF, I think. My dad knows one of the MDs there pretty well, so I didn't interview there, but my dad tells me that this guy really knows his shit, and it would be a great learning experience if you're interested in tech banking.
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