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  #21  
Old 24.01.2008, 16:25
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Re: Any Credit Suisse employees here?

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Maybe you could ask me any questions you might have?

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How much time can I spend on EF?
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  #22  
Old 24.01.2008, 16:35
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Re: Any Credit Suisse employees here?

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The Business language at CS and UBS is English. Normally English is all that is required unless it is a client (or supplier) facing role, or a support function in which you might be required to talk to internal employees in their own language.
Ahh, this is what I was worried about

Well I emailed the contact person, theres no harm in asking. With my experience I'm well suited to support or customer service roles, but for this kind of work you need to speak fluent German is what Ive found, which doesnt help me in the short term.
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  #23  
Old 14.09.2008, 17:48
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Re: Any Credit Suisse employees here?

Hello,

This is My first posting to Your fine forum, and hopefully one of many that I can also help others.

My general questions are directed towards Credit Suisse IT employees.
Due to the nature of My questions, and to protect Your identites, please feel free to send a private message.

Background:
I am considering a position at Credit Suisse IT Zürich.

1. Why is Credit Suisse expanding their Zürich IT department at what seems an alarming rate?

2. Can someone explain the interview/hiring process in detail?
From my understanding there are approximately 3-4 "conversations", then 2-3 "formal interviews" with HR.

3. What are Your lesson learned and/or best practices from your interviews?

4. Can someone explain the job grades (1-6) and their importance, for advancement and positioning salaries?

5. I have read some mixed opinions about Credit Suisse IT (average -> poor). What are your opinions?

Cheers!
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  #24  
Old 14.09.2008, 18:14
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Re: Any Credit Suisse employees here?

I worked at Credit Suisse until 31.12 last year, and I found it a very bad
department with lots of bureaucracy and paperwork.

The salary is not bad, but Credit Suisse is outsourcing big time. They
are probably looking mostly for business analysts.
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  #25  
Old 14.09.2008, 18:36
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Re: Any Credit Suisse employees here?

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1. Why is Credit Suisse expanding their Zürich IT department at what seems an alarming rate?
There is a high turnover in the IB side of IT. The hires might be to replace headcount. Most headcount increase at the moment is supplied by Infosys.

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2. Can someone explain the interview/hiring process in detail? From my understanding there are approximately 3-4 "conversations", then 2-3 "formal interviews" with HR.
That seems to be excessive. But it all depends. IMO the hiring managers can have a lot to do with it. But HR do feel the need to stick their oar in as well.

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3. What are Your lesson learned and/or best practices from your interviews?
Be honest. Remember that you need to convince yourself the CS is worth working for. Why should you work for them?

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4. Can someone explain the job grades (1-6) and their importance, for advancement and positioning salaries?
A year ago, the 9 job bands were reduced to 6. Each job function has a band. Job bands are calculated according to an average of the level (1-4) of expertise required in the components that make up the job. e.g. "knowledge of the business". "Thinking for yourself". usw. Not to be confused with corporate title, like AVP, VP, etc.

Salary, bonus etc. appear to different for non-Swiss IB, Swiss IB and Swiss PB. (Swiss IB and PB might have the same rules. I dunno).

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5. I have read some mixed opinions about Credit Suisse IT (average -> poor). What are your opinions?
I agree. Average to poor (this is based on my experience in IB). The usual story: many good people, but too much dead weight and incumbency all the way up the hierarchy. Scum floats at CS, like anywhere else.

There are a lot of processes that do not work. Not thought through, and problems like this are never/ rarely a big enough blip on someone's bonus radar to fix these.
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  #26  
Old 15.09.2008, 00:25
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Re: Any Credit Suisse employees here?

Good information!

For others who may be interested, and according to my understanding/searching, here is the breakdown of the levels.
I apologise in advance for errors.
I am still researching the salary ranges.
Corrections and additions welcome.

--------------------------------------------

6 CIO
20+ years of experience
--------------------------------------------

5 IT Director
15 - 20 years of experience
Salary: Min=? Ave=? Max=?
--------------------------------------------

4 IT Vice President (VP)
10 - 15 years of experience
Salary: Min=? Ave=? Max=?
--------------------------------------------

3 IT Associate Vice President (AVP)
5 - 10 years of experience
Salary: Min=? Ave=? Max=?
--------------------------------------------

2 IT Associate
3 - 4 years of experience
Salary: Min=? Ave=? Max=?
--------------------------------------------

1 IT Junior / employee
eg. University interns, < 3 years of experience
Salary: Min=? Ave=? Max=?
--------------------------------------------
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  #27  
Old 15.09.2008, 06:46
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Re: Any Credit Suisse employees here?

You be employee or AVP. If you negotiate well and have premium skills, you may get VP.
Don't bank on it or assume it is your rightful due.

Your salary is between 80k to 135k. Give or take a few bob.

All your interviews can be done in one day, after a telephone interview.

CS is just a big company. Better than some, worse than some, but still a big company. I wouldn't assume that management is better or worse then others.

FYI: lots of contractors have left because of rate cuts so CS are recruiting heavily for permies. Not just anal'ysts, code monkeys too.
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  #28  
Old 15.09.2008, 14:19
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Re: Any Credit Suisse employees here?

You may also find coming in at VP is easier in IB than PB.

A friend switch to Permie and agreed to come in at AVP (and move to VP later). He said that he could have pushed for VP, but then would probably receive a lower bonus. i.e. as AVP he would be in the top range, but as VP he would be at the bottom.

Moving from AVP to VP is not that easy though either.

Just some food for thought.
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  #29  
Old 24.04.2011, 16:02
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Re: Any Credit Suisse employees here?

Hi all,
I come across this topic and i wonder 3 years after how is CS?
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  #30  
Old 24.04.2011, 17:14
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Re: Any Credit Suisse employees here?

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Hi all,
I come across this topic and i wonder 3 years after how is CS?
Are you asking because you are wondering whether the OP managed to get a job or because you are applying for a job at CS?
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  #31  
Old 24.04.2011, 17:20
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Re: Any Credit Suisse employees here?

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Are you asking because you are wondering whether the OP managed to get a job or because you are applying for a job at CS?
Both. I have an offer and some inside thoughts would be useful to me.

For what i have read in this topico CS one year ago wasn´t renewing non-eu permits.

I think the same is happenning now but i am not an insider.
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  #32  
Old 24.04.2011, 17:42
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Re: Any Credit Suisse employees here?

With 60000 employees I think you are likely to bump into one or two in Zurich. In my building I thing there are about 4000 at least thats what I have been told. English is te preferred language.
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Old 16.06.2015, 05:15
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Re: Any Credit Suisse employees here?

Hey! My question is how to win an interview with CS. I have a legal background and I am very interested in compliance. Been applying for the last 18 months in vain .

Thank you
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  #34  
Old 16.06.2015, 08:23
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Re: Any Credit Suisse employees here?

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Hey! My question is how to win an interview with CS. I have a legal background and I am very interested in compliance. Been applying for the last 18 months in vain .

Thank you
Get a job somewhere else meanwhile. Basically the same CV from the same person, reformatted, must get boring. There will be automated systems/processes filtering you out at this point. For whatever reason, perceived or actual. There must be 50 banks/institutions in Zurich, say 20% with openings during the next few months.
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  #35  
Old 16.06.2015, 09:45
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Re: Any Credit Suisse employees here?

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There must be 50 banks/institutions in Zurich, say 20% with openings during the next few months.
None of which is interested in non-EU staff unless there is a very valid reason for hiring one...
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  #36  
Old 18.06.2015, 23:32
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Re: Any Credit Suisse employees here?

Would anyone know if experience in finance sector is considered absolutely mandatory to be considered to work in CS or UBS? Have applied to both but have not been selected even to first round despite the fact that my CV for both positions has been matcing 110% and more. Only thing is that my experience is from different sectors.
Am EU etc so it has to be something else.
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