What It Does: Credit Suisse offers several financial services to its clients, including asset management, wealth management, private banking, corporate banking, commercial banking, and investment banking.
Mission: Their mission is to serve their clients with an entrepreneurial spirit and care to build memorable value.
Size and Presence: Credit Suisse has more than 5,500 employees in its UK offices.
Best Known For: Credit Suisse is best known for its strict adherence to client privacy. The firm is also known for winning numerous awards, including Euromoney 2022's Award for Excellence and Nue Awards 2022's Top 10 Undergraduate Employers.
The Good Bits: The company's management is great. The pay is excellent. The bank offers its employees numerous benefits.
The Not-So-Good Bits: The work-life balance can be better. Promotions don't come often.
Credit Suisse has a very rich history which can be traced back to the 19th century. In 1856, Albert Escher co-established Credit Suisse as the one Schweizerische Kreditanstalt (Swiss Credit Institution) with Allgemeine Deutsche Credit-Anstalt. The primary purpose for establishing this financial institution was to provide domestic financing for railway projects. This bank played a key role in the economic development of Switzerland and developed the country’s currency system. Credit Suisse participated in the financing of the country’s electrical grid with the firm that’s now known as Elektrowatt.
During the Franco-Prussian war in 1870, this bank provided funds for the disarming and imprisonment of the French troops that moved over the Swiss borders. After the war, Credit Suisse was the largest Swiss bank. Throughout the 1880s, Credit Suisse established banks and insurance firms in multiple European locations. In the early 20th century, Credit Suisse started attending to middle-class citizens with savings accounts, deposit centres, and currency exchanges. This bank was key to the survival of companies that were devastated by the First World War.
In 1978, Credit Suisse merged with First Boston to form Credit Suisse First Boston in Europe. Their international offices included locations such as Tokyo, London, and New York. In 1988, First Boston had financial issues, and Credit Suisse spent $725 million to keep them afloat, but they took over First Boston in the process. This bank has grown from strength to strength through strategic acquisitions and expansion.
Credit Suisse is a community of totally different professionals that are united by a common goal - which is to push the company to greater heights. As a result, collaboration among employees is strongly encouraged. The company has a healthy working environment which thrives on inclusion. Credit Suisse opens its doors to qualified employees regardless of prejudicial factors such as gender (42% of the company’s staff are women), sexuality (several of the company’s employees are LGBTQ+ allies), race, and religion. The company’s dress code is corporate. The company also employs physically challenged employees. Credit Suisse is the true embodiment of an equal-opportunity employer.
Credit Suisse has exciting career programs which can fast-track the professional development of their fresh graduates and interns. The Steps to Success program targets young school graduates to help them gain practical work experience as part of a seasoned team. The Apprenticeship program pairs these young, inexperienced hands with mentors that can nurture them and help them grow into high-value employees. There are internship programs (4 and 6 weeks) for interns as well.
Credit Suisse invites interested persons to apply for vacant job roles and then selects qualified applicants through the following;
Credit Suisse pays its freshers an average annual salary of £60,000.
Credit Suisse is largely dependent on renewable energy resources, and it fights against climate change.
Credit Suisse is a financial institution, so it can't be free of controversies. However, there's nothing widely published.