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How much is the average time to complete recruitment process at Credit Suisse ? I started my process in July, I would have already joined another in the next month and they haven’t completed there process? I haven’t heard back from recruiter in last 3 weeks ? Does that mean i am rejected?
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I used to be in banking and have worked with them on a couple PE deals. From what I can tell:
1) Definitely a sweatshop - as in, on par with Moelis/Lazard levels of sweatshop
2) Heavy focus on fintech and excellent deal flow. Make of this what you will - deal flow is great but their inability to retain talent due to awful hours, coupled with high deal flow, makes it a tough WLB. On the other hand, it’s strong experience and you won’t have issues being on live deals.
3) Kind of a weird situation as far as exit opps. They’re known for being strong in their space and for having technical expertise, but don’t have much name brand recognition outside select circles. They seem to mostly focus on capital raises so you’re limited on exit opps.
4) Apparently they have done an awful job of building out support teams. Obviously, that’s to be expected to an extent due to the small size. At the same time, plenty of other small shops still manage to build out decent admin teams to handle some of the comms, binding decks, etc. FT Partners are apparently awful for that (granted that’s from knowledge a couple years ago so things may have improved) - you’ll spend a lot of time on admin and that will kill your WLB even more when you’re stuck binding books until 4am.
No one I know stayed more than a year, but one exited to a cool fintech Corp dev role, another lateraled to a solid BB. In short - if you are absolutely set on banking, don’t have any other options with even a small amount of name recognition, and are willing to have absolutely no life for a year or two, I’d take it, then try to lateral after a year to somewhere else. Otherwise, avoid.
Thank you! Very helpful