Meanwhile at CS
3 MDs, 1 D and 1 VP announced departure yesterday at my group
us at the bullpen were told today
Thank god I'm also leaving this train wreck of a bank soon
Good luck to all the incomings. CS, it's been real!
Trending Content - Investment Banking Forum
| +121 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 23 | 9h |
| +99 | Americas M&A League Table Q2 Updated | 44 | 4h |
| +72 | Wealthy Parents / Jaded | 24 | 11h |
| +56 | How are hours rn for SA (interns) | 31 | 7h |
| +48 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 23h |
| +44 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 11 | 5h |
| +37 | Boutique firm wants access to my LinkedIn? | 34 | 4h |
| +31 | Investment Banking in Mexico | 9 | 8h |
| +26 | MM bottom bucket bonus | 9 | 3d |
| +25 | UBS GIG, LevFin, FSG Interns working Sundays and 85 hour weeks their first week? | 14 | 10h |
Career Resources
Yeah Svoronos may have came back but that's far from meaning the Industrials team is doing well. A good chunk of the team's rainmakers left in 2021, and CS replaced them with largely MDs who are simply not up to par. I'm in one of the verticals of Industrials, and our vertical has literally done nothing but pitch for the past 6-7 months, and I know deal flow is definitely down in several other verticals right now based on what my friends tell me. Overall, the Industrials group has definitely taken a big hit since early-mid 2021 and is not what it once was.
So deal flow is down at a time when street fees are down ~50% 😱
Lol tell me you know nothing about CS Industrials without telling me you know nothing about CS Industrials. This man is clearly in the DI vertical within the group, and anyone who knows Industrials banking on the street knows that CS DI is exceptionally miserable in terms of deal flow, incompetent seniors, and low morale right now.
I’m at CS and asked friends at other groups and nobody can confirm this news.