Top MBA Recruiters: Credit Suisse
After all the hard work that MBA students put into earning their degree, the task of searching and applying for the perfect job can be daunting. Thankfully, the advanced skills of MBAs are high in demand: many companies are looking for graduates just as much as graduates are looking for them.
A top company for recruiting graduates, Credit Suisse has consistently placed high in surveys of top MBA employers. A 2014 list from CNN Money ranked it 44th out of 100 top MBA employers, and a 2015 Bloomberg survey of the top ten companies for paying MBAs the most found Credit Suisse in sixth place.
About Credit Suisse
Credit Suisse has been in operation since 1856, when it was founded in Zurich, Switzerland. Today, Credit Suisse is a leading global private bank and wealth manager with operations in more than 50 countries. More than 48,200 people from 150 different nations are employed by the company worldwide.
Credit Suisse serves its clients through three divisions which focus on specific regions: Swiss Universal Bank, International Wealth Management and Asia Pacific. The regional divisions are in turn supported by two specialized areas in investment banking: Global Markets and Investment Banking in Capital Markets.
Why MBAs Love Credit Suisse
Recruiters at Credit Suisse make MBA hiring and development a priority in the company, hosting campus events at universities across the world. The company offers a number of programs in almost every business area for graduates. Through the Analyst and Associate Internship program, MBA students will contribute to one of the world’s leading financial companies by combining training with real-world professional experience. The company also offers an MBA Fellowship for first year MBAs, which includes a summer internship at a Credit Suisse U.S. office and a $15,000 stipend for the first year of business school.
Life at Credit Suisse
Graduate students typically gain full-time positions at Credit Suisse through intern class conversions, but a number of positions also become available for new applicants every fall. Below are just a sampling of the position available for MBAs:
- Finance—an inside look in a leading bank, the finance analyst will expand their experience in accounting, insurance, investor relations and group control.
- Human Resources, Communications and Branding—a role in supporting the company’s major business divisions through recruitment and retention of top talent, while maintaining open communication with employees and other stakeholders.
- Technology—IT experts will work in an environment centered on innovation and technical excellence.
- Global Markets Chief Operating Officer & Chief Financial Officer—this positions works out of the Credit Suisse New York office with specialists who aim to improve the companies operations. This is a two-year rotational program for analysts to learn about modeling, market data and financial control- skills that are applicable throughout several industries.
Landing a Job at Credit Suisse
Even though Credit Suisse tops the lists among MBA employers, landing a job with the company can still be competitive. In 2015, Credit Suisse hired just five MBAs—still making it the 9th largest employer of MBAs that year.
Credit Suisse typically hires full-time employees through their internship program, so obtaining an internship can be a crucial first step to obtaining employment with the company. According to the website, Credit Suisse searches for:
- Leaders who can inspire loyalty and mobilize others.
- Critical thinkers with the ability to solve problems.
- Self-starters.
- The ability to work as a team and adapt easily to build strong relationships.
- Effective communicators who can both listen and articulate their ideas.
- A commitment to high ethical standards.
London’s Largest MBA Employers
For MBAs looking to begin a career in London, there is an array of amazing opportunities. Not only are there a number of top companies hiring large numbers of MBAs, but those with advanced degrees tend to earn more and witness more growth than those without. In fact, a recent analysis of MBA graduates from the London Business School reveal that 93 percent of students had received and accepted a job offer within three months of graduation. The average salary for such graduates was $117,596.
London is home to a number of international companies and remains a bustling center of global business. Here are just a few of the top London companies currently hiring MBAs.
McKinsey and Company is a global management firm which works alongside some of the top public and private sector organizations in the U.K. to address their most pressing needs in technology, strategy and operations. Partnered with several leading companies in London and around the world, McKinsey aims to set long-term goals surrounding challenges of the economy, as well as contribute to dialogue about current trends in business and society.
McKinsey & Company’s has more than 90 global offices, including London, where it has operated for over 50 years. McKinsey was the top employer of London Business School MBAs last year, with a staggering 38 new hires among graduating students.
The Boston Consulting Group is a massive consulting group now with more than 80 locations in 48 countries. A leading advisor for business strategy around the globe, the BCG remains a top employer of MBAs in London. The company also provides students opportunities to get involved before graduating. Each fall, BCG recruits undergraduate, graduate and Ph.D. students as associates to help solve some of the toughest client challenges.
Founded in 1856 out of Zurich, Switzerland, Credit Suisse is one of the leading global private banks, employing more than 48,200 people in 150 different countries. Focusing on three different business areas—Swiss Universal Bank, Asia Pacific and International Wealth Management—Credit Suisse is constantly looking for ways to make inroads into new markets and support and elevate its employees.
Credit Suisse offers analyst and associate programs in all major areas outside of Switzerland, which are available to MBA and MA students. The company also offers a 8-10 week summer internship program just for current MBAs.
Bain & Company is a leading management consulting firm, which works with business leaders across the U.K. to help make companies more valuable. Established in 1979, Bain London is the oldest office and the first outside of the United States.
The Bain London offices are home to more than 456 employees and—in 2006—Bain was recognized by the Financial Times as the #1 “Best Place to Work”. Bain actively recruits MBA students from top programs around the world, and is open to applications for consultant positions from students in the second year of their program or nearing the end of a one year degree.
Established in 1926, today A.T. Kearney is a leading global management firm with offices in more than 40 countries worldwide. Partner-owned, A.T. Kearney works with two-thirds of the Fortune Global 500, and some of the top non-profit and governmental organizations around the world.
A.T. Kearney is a top employer of business students in London and provides a multitude of opportunities for MBAs to get involved even before they join the career force. Each year, the company offers a the Global Prize Annual Strategy Case Competition, which invites post-graduate students to take on real-world consulting challenges.
DePaul MBA Capstone Discussed Inversions
A recent Wall Street Journal article informed the world of the IRS’ new tax rules that crackdown on companies practicing inversion— a tactic corporations employ to use their international residency to avoid paying U.S. taxes. Ronald Graziano, DePaul MBA ’06 and global accounting specialist for Credit Suisse Securities, discussed the possibility of the IRS changing the rules on inversions during an MBA capstone class at the Kellstadt Graduate School of Business.
