How is Credit Suisse Holding Up in LA?

Going through the forums, it looks like people were talking, especially around 2013, about CS LA going downhill. I know that they used to be one of the biggest players in LA, but are there any updates on them (I couldn't find any recent info)? How are they doing compared to current top shops in LA (e.g. Moelis, HL RX, etc.)?

Thanks in advance!

 
Best Response
NewToBanking123123:

I have a lot of friends on the west coast and they tell me CS is the best for PE recruiting. Moelis does a lot of small M&A deals due to their boutique nature.

Oh, that's very interesting to hear. I had always though Moelis provided the best exit opportunities in LA. Thanks for the info!

I know that the sponsors group at CS LA is their top team. It appears that, at least to some extent, most people who work in sponsors don't exactly move onto PE (or at least that the exits are not as good as other groups). Is the sponsors group at CS LA just an exception to this, or is it their other groups that do well with PE recruiting? Personally, I'm currently looking at making a career out of banking (and I know that CS is now doing more to directly promote top analysts to associates), but it suppose that would be important to know this type of information as it's possible that my perspectives may change down the road.

Thanks to everyone answering these questions, by the way. It seems to be a bit difficult to find information about the LA banks/groups.

Cheers!

 

Sponsor groups typically hold strong relationships with buyside (PE) firms but will sometimes defer the modeling (technical) component to other groups. This is why even though they often recruit well (due to relationships and exposure to PE firms), people will knock them for their modeling skills (I don't necessarily agree).

At CSLA, the banking group does a mix of sponsors and lev fin work so you get to have both experiences. As the poster below me mentioned, there is only one group at CSLA. This means you'll get a mix of transaction types (though again, the focus is on sponsor / lev fin work). Hours are pretty tough by the way, but I assume you know that already.

 
WhartonEliteWest:

Has anyone else heard of this? I've heard from people in my office in SF and a few other analysts in NY/LA.

I was in touch with them and was interested in recruiting with them FT (currently at a BB in SF as an SA) but have heard that recently they lost 1 senior guy to Goldman's IB group in Los Angeles and another 2 senior guys to Guggenheim Partners IB team in Los Angeles.

Are these recent departs just a coincidence with the circulating rumors? Anyone hear anything about this? I would love to know before I go through accelerated recruiting in about a month. Thanks.

u nvr know turnover or poaching very common - i know barcap had quick turnover only in NYC tho -_-

"so i herd u liek mudkipz" - sum kid "I'd watergun the **** outta that." - Kassad
 

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