I see CS gets roasted and I know WSO tends to be a bit savage when it comes to tearing up banks. Really, I just wanted an open forum for either defending CS or defending the criticism.
This isn’t meant to draw any toxicity, purely harmless curiosity.
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Who cares?
It's not what it used to be but still a safe bet over ubs, db, and any mm if you want to exit.
Currently for BBs
GS/MS/JP --- BAML --- Citi --- CS/Barc --- UBS---DB
CS is still a very good bank with top groups, no need to say that it grants a very good experience
My 2 cents as a former EB analyst:
GS/MS/JP --- BAML --- Barc --- Citi---CS --- UBS/DB
Issue with CS/Citi is that they have a couple of top teams and the rest weaker whereas BAML/Barc are strong all around (BAML taking the lead because of its product groups that Barclays can't compete with)
I work at a top BB, and its for us Citi is more of a pain when it comes to bake offs, thats why I would place Citi before Barclays, but maybe this just happens in the EU
Definitely avoid CS, you should take a top group at DB or UBS over CS.
Agree similarly to what others said above:
GS/MSJP -> Barc & BAML essentially equal -> Citi could even be added with BARC/BAML ----> then essentially DB/CS/UBS category
I know this is an opinion, so I’m not trying to egg anyone on. Just wondered what are the reasons you’d cite as to why one should “avoid” CS. I’ve always thought of it to be highly regarded but I’m not in industry.
JP/Citi/Baml/Barclays are doing better in IB over time whereas CS/UBS/DB are losing market share over time and plan to shrink. These are just the long term trends. All are great at the analyst level and for exits.
This guy is entitled to his opinion, albeit he's totally misinformed. I'd take a top group at CS all day over Citi/BARC and maybe even BAML.
The sooner you realize this is a crowdsourced forum where 70% of comments are from interns or college kids, the sooner you’ll learn to take everything here with a grain of salt. No one really cares in the industry about these opinion based rankings – each bank has their groups that are top.
The "avoid CS" comments are pretty hilarious considering I've personally seen CS Sponsors have as good or better PE placement than every group at BAML/Citi/Barclays and many groups at GS/MS/JPM for years. Can't really argue with the facts.
I would say sponsors is CS's strongest coverage group
But generally agreed IDK why people are hating on CS
lol who was roasting CS
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