CS or BlackRock?
Got offers for CS equity research and BlackRock Client Businesses. Opinions?
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Given the limited data set presented, I would say go Equity research there are good exit opps Not sure what "Client Business" means.
Exactly. They're pretty vague about it, this is the description:
Within the Client Businesses, we pride ourselves on creating, communicating, and delivering investment solutions for clients worldwide. The Client Businesses serve both institutional and retail clients, including corporate, public, union and industry pension plans; insurance companies; third-party mutual funds; endowments; foundations; charities; corporations; official institutions; banks; and individuals worldwide. This opportunity to join as an Intern within the Client Businesses provides broad exposure to Asset Management, the market, and a wide variety of financial products.
I know one guy who basically works in Business Development and isn't client facing at all, and a couple others that basically are relationship managers. I'm trying to see if this is just glorified middle office and/or marketing, does anyone have knowledge on this division? I don't know if there would be good exit ops into asset management with this position, its kind of beginning to seem as though ER would be the way to go. Thanks a lot.
Go with Equity Research!
BlackRock or CS? (Originally Posted: 11/08/2009)
Hi,
I would need some suggestions from you guys:
I got an offer from BlackRock for their Portfolio Analytics / Automation group. Basically a lot of Perl scripting as far as they told me.
I got an offer from Credit Suisse (NY office) for their Equities Derivatives IT group. Basically programming for traders on a day-to-day basis.
Both have exactly the same pay and sign-up bonus.
Q1: What would you guys suggest? I just finished my degree in Operations Research and it would be neat to move towards quantitative things, but these are the only two offers I have until now, so I have to pick one of them :). Anybody got good/bad experiences with either company?
Q2: Did anybody interview with CS during the last 2 weeks as well for Analyst positions? Did you guys also have the feeling that the process was very easy? With BlackRock I had like 7 rounds of interviews, but with CS it was 4 on-site interviews of 30 min each and that was it.
Please let me know.
Christian
Hi Christian,
I interviewed at CS for the tech analyst position a few weeks back. Even I felt the same thing - the process was very easy. I had 5 interviews and nothing technical was asked !
With regards to which to take I have no clue. Pay and sign-up might be same but try and get some info on year end bonuses. They might help you decide!
Thanks. Did you take the job?
No, I have not taken up the job as yet. I am waiting to hear from another firm.
Have you accepted the offer ? When are you supposed to join (My joining date is in July).
Any idea about what a 1st year tech analyst at CS gets as bonus ?
No I graduate in December - therefore I probably would join in February or so.
Bonus: No idea.
I haven't accepted it yet. I'm struggling between its closeness to trading and the bad reputation of IT in CS.
BTW: Which group did you interview with?
Equity / Derivatives
Is IT really that bad at CS ? That would make me lean towards the other offer, if I get it ;)
IT in CS is supposed to be not so good. At least that's what I've heard.
In terms of closeness to trading: That's a good thing. But I've heard good/bad things about these kind of supporting positions.
"heard good/bad things"
Could you elaborate a bit ? Would help me and any other fellow chimp in making a decision.
Any suggestions by seasoned monkeys are welcome.
Truth is both banks are very good in terms of reputation but end of day is, which set of skills you think is the most value added and transferable.. I mean I know CS has a reputation for job mobility between IT/Ops to the front side but that doesnt mean you will definitely get a trading job etc..
and which CS position is this at? Syd?
Hey guys,
I actually recently had an interview at CS for a non-technical analyst position in NY. I just got an offer a couple of days ago in IT Investment Banking in the NY office so, I am happy about that. The interviews were once again, very easy and relaxed. I thought I did very well and I felt confident. Now, I have a pretty tough decision to make. I also have an offer in IT Consulting in DC, which is where I live. So, it's basically consulting vs IB. The salary will be slightly higher at CS but in terms of standard of living in NY, it will be lower overall. I am sort of moving past salary though and deciding based on industry and potential/growth opportunities. I heard CS does allow you to move from back office to front, don't know how often that happens. Location is also important, I'll have to move to NY for CS and it's expensive as hell living there as oppose to living at home if I do consulting. Let me know what you guys think. I'd really appreciate the advice.
Thanks.
new york!!
yup CS has a good culture on that issue but the it doesnt mean you will definitely have a chance of moving so dont get your hopes too high.. I've seen pple getting stuck as well..
I am a finance major, choosing btwn CS IT and Blackrock Solutions Center. What kind of bad rep does IT in CS have? Which is better? Thx ~
Friend was an IT/quant at CS and moved out to institutional structure after 2 years. Said it wasnt easy as there has to be an opening available, you have to know about it, and youve got to do really well.
Dont blame him for trying hard, i mean it sucks being the traders b***, and the hours werent too great with many a sat-sun spent at the office. Same amount of work as other depts in the bank but much lower total compensation, how do you make money in IT working for a co?
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