Jefferies vs Credit Suisse?

If you had summer analyst offers at both, which one would you go to?

Since CS is a BB and Jefferies is MM, I would think CS is better, but have had a few people at my school tell me they'd take Jefferies over CS.

In terms of: 1. Exit Ops (MF PE?) 2. Culture 3. Learning Experience / Quality of Work

How do CS and Jefferies vary?

33 Comments
 

when you say outrageous leverage do you mean for M&A deals they're advising the buyers to take on too much debt?

 

For SA offer go to CS hands down. Not saying CS is a better place to be than Jefferies, but in the event you do not get a return offer having a well regarded BB on your resume > Jefferies. Either way, both great firms and you can't go wrong with whichever way you choose.

 
Most Helpful

don't kid yourself- they're leagues apart. CS over Jefferies every time.

 

If you're talking strictly summer analyst I would pick CS - better name on resume in case you want to switch industries post-internship. However, Jefferies summer analyst program was interesting to me when recruiting given it's generalist and you can feel out all the groups cultures - not sure if CS is like that (didn't recruit there hard).

  1. Exit/Ops on average better at CS, but Jeff HC/M&A can get you MF PE.
  2. Culture will always be group dependent regardless of the overall reputation of the bank itself
  3. Depends on dealflow of your group / which seniors are leading your deals
 

All of this is spot on. Would also keep in mind that at the end of the day, your performance is going to dictate the exit ops you get. Once you get over the name brand and are able to start thinking about reps you'd be getting at each bank, you'll be thinking much more critically and at a level 98% of people don't on this forum. JEF routinely competes with CS and often beats them for deals (as far as deal quantity, JEF had the 2nd most deals on the street last year). Furthermore, be critical about what exit ops you're looking for. Everyone wants to hype up MF PE, but MF's are not always the best investors and often time don't have the opportunities for advancement that smaller shops do. Do a lot of soul searching and tailor your experience to help you best achieve what it is you decide you want to do.

 

CS is a mid-tier BB. Jeff is a mm. I would take a "bad" group at CS over Jeff

 

When people say American banks are more aggressive and European / Asian banks are nicer, how true is it? Are all the backstabbing happening at GS/JPM/MS and the like?

 

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