Credit Suisse Employee Reviews about "internal mobility"

Updated Jan 23, 2021

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Found 284 of over 7,461 reviews

3.9
81%
Recommend to a Friend
86%
Approve of CEO
Credit Suisse CEO Thomas Gottstein
Thomas Gottstein
597 Ratings
Pros
  • "Healthy work environment among teams(in 280 reviews)

  • "Lot of internal mobility options and great career progress(in 242 reviews)

  • Cons
  • "Good work life balance can become a comfort zone(in 232 reviews)

  • "Too much favouritism my senior management(in 117 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "internal mobility"

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    1. 5.0
      Current Employee

      Great company to work for

      Nov 26, 2020 - Director in Los Angeles, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Internal mobility opportunities, inclusive and great benefit

      Cons

      Long hour as most roles have to interact with other CS location in multiple timezone.

      1 person found this review helpful
    2. 4.0
      Former Employee, more than 3 years

      Friendly and collegiate

      Oct 12, 2020 - Assistant Vice President in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good work life balance and friendly and collegiate colleagues. Internal mobility actually works and is well supported by management.

      Cons

      Career progression for officer level is very political. Tough to progress on merit and have to ‘wait your turn’ and run a PR campaign of superficial extra curricular activity/volunteering participation to catch the eye of the promotion committee. Not good for specialists who are actually good at their job. Progression for specialists is limited in the middle/back office as you would usually need to be a people managed to rise up the ranks.

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    3. 4.0
      Current Employee, more than 5 years

      Good place to work although change occurs at a glacial pace

      Nov 20, 2020 - Director, IT in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work-Life balance, less cut-throat than US peers, internal mobility options, inclusion & diversity

      Cons

      Change is slow, consensus culture, lots of bureaucracy, old platforms and slow-moving to digital

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    4. 2.0
      Former Employee

      CS

      Nov 24, 2020 - Director 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Internal mobility, diverse pool of talent

      Cons

      Turf politics, too many strategic changes

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    5. 3.0
      Former Employee, more than 8 years

      Great people and culture

      Mar 17, 2020 - Assistant Vice President in Los Angeles, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Worked with some of the smartest yet level headed professionals in the Industry. Good opportunity to develop both soft and hard skills with a focus on internal mobility. Strong support network with ample of training opportunities.

      Cons

      Current focus on cost cutting resulting in smaller budgets for IT fixes required improve systems and increase efficiencies.

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    6. 3.0
      Former Employee, more than 5 years

      Culture

      Jul 10, 2019 - Head On Enterprise Risk in Long Beach, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Cutting edge transactions Smart people Internal mobility Decent base salaries

      Cons

      Matrix organisation - decisions are painfully slow and the many lines of accountability give people conflicting objectives

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    7. 2.0
      Current Employee

      "CFO Division"

      May 5, 2016 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Reasonable starting salary. Obviously the name looks good, no matter your experience/what you do there. Good colleagues on the whole, most people are friendly and will help. Some idiots though. Fairly interesting work, and enough of it Reasonable hours, only the very occasional overtime requirement (this is however specific to my role, could be worse in other depts.)

      Cons

      Promotion process is strange - seems to be at the whim and mercy of the central promotions board, you also need an excellent network, which takes time to build up. Salary does not move in line with market rate (even when you are promoted). Virtually impossible to ask for a payrise. Internal mobility prospects are appalling, in part due to the restructure but it also feels as if they don't want people to move from their current roles. Complete lack of formal training - everything is on the job, which means people don't develop the same skillset (depending on how they are taught) Can be hard to network, simply because it is such a big org and people are so busy, so you can feel isolated initially. Also limited social opportunities make relationship building hard too. Variable pay is shocking - don't count on anything.

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    8. 4.0
      Current Employee, more than 3 years

      Nice supportive place to work, but not always focussed on excellence

      Apr 4, 2013 - Director in Los Angeles, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      As a bank, it is still functioning and profitable, if not very profitable. A good place to work, the firm tends to look after its own. Attention to internal mobility and training. In my experience people are allowed good flexibility in difficult times (eg stress, illness, family issues). A lot of the senior management have been with credit suisse for a long time, so there is stability.

      Cons

      Of course there is a lot of cost cutting at the moment. This leads to insecurity, but also there are challenges due to reduced resources. There is a lot of ineffeciency in the bank, some from unproductive/obstructive employees, some from inadequate infrastructure. Generally there doesn't seem to be enough of a focus on high standards across the firm.

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    9. 4.0
      Current Contractor, more than 8 years

      Good but over reliant on offshore contractors and consultancies

      Jan 20, 2015 - IT Vice President in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good people, permanent staff tend to be highly experienced on multiple areas and very interested in the industry. Internal mobility is promoted, included on a temporary basis to enable an analyst to gain hands on business experience Taking credit for others work is heavily frowned upon at all levels. Even borrowed illustrations in informal PowerPoint docs have credit given. Interesting variety of work. Technical managers try hard to match the work to the analyst's stated interests. On the job training by technical staff when given is of good quality and interesting. Senior analysts come from the business originally and so are able to answer most queries and provide good feedback.

      Cons

      Because of the amount of offshore temporary staff promotion opportunities 'platforms' tend to be in people and project management. This leads to 2 issues - technical staff leave as they have little chance of promotion and there is a lack of product and system specific knowledge at project onset which leads to delays. Analysis is often duplicated (Change and IT) in projects for political reasons (no doubt due to the promotion platform based on people management above). Recent organization structure changes have exacerbated this. Offshoring means that you will spend a substantial amount of time training new starters, and their replacements 6 months later. The over reliance on consultancies damages the morale of existing staff (who as a result lose out on opportunities for experience and cross firm contacts (often at FO or board level) as well as being demotivated by the pay differential) and leads to a catch 22 situation whereby the firm has to use consultancies when the existing staff have either left or have no knowledge of the area. There are very few senior (director/senior director) level analysts which means you can expect to get caught up in IT vs. business politics and have to be prepared to fight your own corner.

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      1 person found this review helpful
    10. 5.0
      Current Employee

      Great bank

      Nov 13, 2015 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Internal mobility is excellent Senior management in lots of teams are very interested in juniors and want to make sure they get the best possible exposure and experience Compensation

      Cons

      Uncertainty regarding reorganisation Face time is still an issue a lot of the time Work life balance is better than some other banks but still needs to get better Culture and atmosphere varies heavily between teams

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