Future of CS FSG
Lots of articles from eFinancialCareers coming out recently that Credit Suisse will announce the restructuring of its Investment Bank in October. Apparently the new model will be Advisory-led and lots of capital markets activity including Lev Fin will be reduced. It is well known that CS FSG is a top group especially for exits so given the recent news will this still be the case going forward in the next 2-5 years?
I hold an offer for 2023 SA and I’m wondering if I should aim to get FSG or decide to focus on a safer choice such as M&A or TMT which are also strong groups at CS.
This might sound like a non-answer, but just do your best during placement. The poor exits out of FSG last year just goes to show that the group itself is not going to make or break your career — your own motivation and work ethic will. If you really care about exits, you’ll do just as fine coming from M&A or LevFin, I promise you’ll get looks from the same MFs regardless of what group you’re in at CS. Do your best in placement, figure out what group’s culture and work you align with most, then when you get placed, work hard as an SA/AN and prep well for on-cycle. You’re early in your career, there will be more important things to worry about than SA placement, trust me.