Why Credit Suisse for Investment Banking? / Overview of Credit Suisse

Overview

Credit Suisse is a longstanding Swiss bulge bracket investment bank with additional services in asset management, wealth management, and private banking. The firm initiated its U.S. practice in 1988 with the acquisition of major investment bank First Boston, which operated as its own arm under Credit Suisse until 2006.

In 2022, Credit Suisse was named as the world's best investment bank in emerging markets due to its strong presence in the EMEA and APAC regions.

Credit Suisse named Ulrich Koerner as its new CEO in 2022. Credit Suisse is in the process of conducting a strategic review and may shrink its investment banking operations. These corporate changes follow difficult losses tied to the Bill Hwang / Archegos issues in 2021.

Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Credit Suisse, you should make sure you know:

• 1 deal that the investment banking group has done

• 1 person at the firm (ideally someone who would have influence over your recruiting process)

• 1 business model-specific detail to mention

We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.

Start Preparing for Investment Banking Recruiting

Selected Transaction

Credit Suisse operates its large business across all traditional industries. An example of deal it worked on was the advisory to private investment firm Clearlake on its acquisition of protective packaging provider Intertape Polymer Group.

• Transaction Description: Clearlake Capital Group, L.P. entered into a definitive agreement to acquire Intertape Polymer Group Inc. (TSE:ITP) from individual shareholders and others.

• Transaction Value: US$2.6B, all cash

• Transaction Date: Completed June 2022

• Press Release

Fact Sheet

• Company Name: Credit Suisse

• Description: Credit Suisse Group AG is a global investment bank and financial services firm providing services in investment banking, private banking, asset management, and shared services

• Bank Category: Bulge Bracket

• Ticker: NYSE:CS and SWX:CSGN

• Founded: 1856

• Employees: 50,000

• Chief Executive Officer: Ulrich Körner

• Headquarters: Zurich, Switzerland

Resources

• Company Website

• LinkedIn

• Glassdoor

• H1B Data Page (U.S. Salary)

Based on the H1B Database, the average base salary for an Analyst at Credit Suisse is $100k - $105k.