Credit Suisse IBD Groups?
im an incoming summer at CS. what's regarded as top groups at Credit Suisse these days?
it seems like people have been saying that M&A, financial sponsors and TMT are the places to be not too long ago.
i wonder if it still holds true after recent restructuring and shakeup within the bank? also is cs a sinking ship on the us as an investment bank?
thanks guys for your input
i think their m&a has been strong but can't comment too much for the us team
Group 'rankings' probably still hold from years in the past though I'd imagine the deal flow in sponsors has been weaker than in past just based on the market conditions
ive been recently reading that CS has been turning down debt financing and offloading its debt portfolio
WSJ - M&A Bankers Saying No to More Junk. Banks retreat from the lucrative but risky business of backing debt-heavy buyouts
WSJ - Credit Suisse Slashes Debt Trading With Private-Equity Deal.TPG affiliate to pay about $1.27 billion for some of CS’s distressed debt
does this signal that i should try to stay away from financial sponsors group? to my understanding, the bank's ability to provide debt to pe deals is closely related to its deal execution and therefore ranking
bump
these are observations based on my summer experience. it speaks to more of their work / life balance and culture
Sponsors - still regarded as 'top' group. works closely with a number of coverage groups as well as LevFin guys M&A - one of the hardest working groups in the bank. focus was predominantly on deal execution (vs. pitching done by the coverage groups) FIG - you can say fratty or tightly knit. the group goes out for drinks quite often. they had a very stressful summer last year due to high deal flow TMT - one of the hardest working groups in the bank, along with M&A, and great culture Consumer / retail - most family-like group of the different groups ECM / DCM - arguably the most lifestyle oriented groups in the bank
bump - anyone on sponsor group outlook as CS moves away from risky debt?
IBD groups at CS London ? (Originally Posted: 02/22/2017)
Hi guys,
I'm looking for some information about groups at CS in London. I've seen in threads opened by my predecessors that Sponsors, M&A, Industrials, FIG and TMT are strong teams. Is this still true? How is the culture like in these groups?
Thanks !
Lev Fin & Fin Sponsors is their best team in LDN. Really great exits, expect to work hard but this is normal. Also Industrial is good.
Energy too
Are Lev Fin & Sponsors two different teams or has it been merged? Between the both of them, which one runs the modelling for Sponsor clients?
Sponsors is great. Industrials and TMT apparently have pretty bad culture
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