The Swiss are trying something new this year. It’s called four-figure bonuses if you’re lucky.
“FYI: bonuses in equity research were zero to 5k at Credit Suisse.”
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What does that even equate to post-tax? A happy meal at McDs?
Flight to quality – research never made any money in the first place so why are they any different from IT/backoffice? Finally reality is catching up.
Flight to quality – research never made any money in the first place so why are they any different from IT/backoffice? Finally reality is catching up.
Better than Layoffs Watch.
Better than Layoffs Watch.
Better than Layoffs Watch.
debatable
CS had equity research ?
I tell you what, I’ll make you a deal right now. I got 5K left in my bonus. It’s yours tomorrow AM. You take that money and you put it in KZI shares and you leverage that to the max. That’s how much I believe in this firm.
I wonder if they also make you pay for your own lift ticket out of that at the upcoming Annual CSFB Energy Conference in Vail?
Dear god.
Dear god.
Bess, the title is misleading. Please correct to Lack of Bouns Watch ’11, or Project Cookie Crumbs will work as well. Other than that no concerns.
Bess, the title is misleading. Please correct to Lack of Bouns Watch ’11, or Project Cookie Crumbs will work as well. Other than that no concerns.
Bess, the title is misleading. Please correct to Lack of Bouns Watch ’11, or Project Cookie Crumbs will work as well. Other than that no concerns.
Seems to be the new reality. Bonus sucks, if you don’t like it leave. There’s a lineup of people waiting to replace you.
Seems to be the new reality. Bonus sucks, if you don’t like it leave. There’s a lineup of people waiting to replace you.
Seems to be the new reality. Bonus sucks, if you don’t like it leave. There’s a lineup of people waiting to replace you.
Time to make the donuts…I love this time of the year!
-Head Chef
Credit Suisse Group
Eleven Madison Avenue
Lower Level
New York, NY 10010
maybe a flirty tap on the shoulder at Beamers, just so when you turn your head, she can spit in your face and walk away in disgust
maybe a flirty tap on the shoulder at Beamers, just so when you turn your head, she can spit in your face and walk away in disgust
screw CS, come work for me
-Lloyd
screw CS, come work for me
-Lloyd
Long Shake Shack, Short 11 Madison Park
-CS Restaurant Market Neutral Fund
Long Shake Shack, Short 11 Madison Park
-CS Restaurant Market Neutral Fund
Jacob, man you gotta sell now, if this drops much more the margin call alone is gonna be like 2 thousand bucks
Jacob, man you gotta sell now, if this drops much more the margin call alone is gonna be like 2 thousand bucks
The fact that this bunch of losers gets paid at all is astounding. The investment bank has been a money pit since day 1 – the only thing that keeps these guys solvent is the fees they can charge on the back of Swiss secrecy laws.
Yeah, but that is 5K in swiss francs which given the current exchange rate with the dollar is like ……….. oh, crap.
Yeah, but that is 5K in swiss francs which given the current exchange rate with the dollar is like ……….. oh, crap.
brilliant…perhaps one line that was worthwhile in that whole excuse of a movie. especially horrendous was the monologue that gekko gave in the auditorium…shudder
Good God. That is literally lower than IT. I had a bigger bonus in my first year as an engineer out of college
Good God. That is literally lower than IT. I had a bigger bonus in my first year as an engineer out of college
Good God. That is literally lower than IT. I had a bigger bonus in my first year as an engineer out of college
Long vending machine lunches.
- Tin Foyle Hat
Long vending machine lunches.
- Tin Foyle Hat
Long vending machine lunches.
- Tin Foyle Hat
Long vending machine lunches.
- Tin Foyle Hat
Long vending machine lunches.
- Tin Foyle Hat
Long vending machine lunches.
- Tin Foyle Hat
Long vending machine lunches.
- Tin Foyle Hat
LOL I’d rather listen to your instrumentals, jigga!!!!
-Jeezy
b’s and g’s CS is basically waiving the white flag (with tiny red cross emblazoned), the investment bank is no more. Those of you who would berate “Research” need to realize that Equities has carried CS over the last two years, namely AES. AES is and would be nothing if not for the goodwill established by “Research” and Sales over these last five years. ANYONE with half a brain who was still left at CS will leave, the rest- well they were the walking comatose already right. They can always shuffle off to Cantor Fitzgerald, Cowen, BTIG, or Raymond James.
The Swiss are dead, long live the cheese!
Mont Blanc
i call BS. maybe for the 23 year old research assistants who are in charge of food orders and town car reservations, but come on. for the seniors? no way.
Trumpy,
No BS, add 15k for seniors.
Mont Blanc
Trumpy,
No BS, add 15k for seniors.
Mont Blanc
wow.
pru did the same thing years ago right before they shut down.
and on the other side nomura is giving 2-3m per yr guarantees to questionable seniors. wtf.
What he left out is that all (analysts through MD’s) had their bases doubled this year. Total comp for analysts and associates (3rd yrs making $175k+ in base) is actually up versus last year. It’s the VP’s and up that took it on the chin for total comp.
What he left out is that all (analysts through MD’s) had their bases doubled this year. Total comp for analysts and associates (3rd yrs making $175k+ in base) is actually up versus last year. It’s the VP’s and up that took it on the chin for total comp.
What he left out is that all (analysts through MD’s) had their bases doubled this year. Total comp for analysts and associates (3rd yrs making $175k+ in base) is actually up versus last year. It’s the VP’s and up that took it on the chin for total comp.
Ya but when your bonus = 2 months of state unemployment and you were close to quitting anyway… I think Layoff Watch > Bonus Watch for many people.
Hilarity. I am a nobody commercial banker at a top 5 bank and my bonus was $145,000, total comp $280,000 plus i don’t have to work very hard, stay late, or get up too early. I do not regret quitting the analyst program after year 2 early in my career. I won’t make a million a year but my handicap is a 4 and my wife doesn’t hate me.
You were credible until the last 5 words.
Considering it’s been well-documented that bank bonuses suck this year in general and at credit suisse in particular (http://dealbreaker.com/2011/01/credit-suisse-employees-will-receive-2010s-cash-bonuses-in-2014/) maybe you should refrain from trying to look in the know on this one.
oh no! trumpy is calling bs! whatever shall we do?!
MO, good call there- not to mention the hookers, the blow, nor the Russian mistresses tucked away in a Chelsea co-op.
As for guest and the double up on salaries…. read MO’s comment and the tally your hours worked, life missed and sheer lack of joy in slaving day in and night out with and for a pack of sociopaths in Burberry suits. Jump while you can kid. The game’s changed.
Mont Blanc
MO, good call there- not to mention the hookers, the blow, nor the Russian mistresses tucked away in a Chelsea co-op.
As for guest and the double up on salaries…. read MO’s comment and the tally your hours worked, life missed and sheer lack of joy in slaving day in and night out with and for a pack of sociopaths in Burberry suits. Jump while you can kid. The game’s changed.
Mont Blanc
Stand corrected. Carry on.
Who cares? Research guys are wrong half the time anyways. Darts at a dartboard. Looooking uppppppppp, seeeeeeeeeee ya.
Who cares? Research guys are wrong half the time anyways. Darts at a dartboard. Looooking uppppppppp, seeeeeeeeeee ya.
Who cares? Research guys are wrong half the time anyways. Darts at a dartboard. Looooking uppppppppp, seeeeeeeeeee ya.
Who cares? Research guys are wrong half the time anyways. Darts at a dartboard. Looooking uppppppppp, seeeeeeeeeee ya.
Who cares? Research guys are wrong half the time anyways. Darts at a dartboard. Looooking uppppppppp, seeeeeeeeeee ya.
Don’t work there, just know of others that do. Hours actually aren’t bad. As for MO, anyone that believes his numbers are probably the guys walking into his Chase branch looking for a car loan.
Don’t work there, just know of others that do. Hours actually aren’t bad. As for MO, anyone that believes his numbers are probably the guys walking into his Chase branch looking for a car loan.
Don’t work there, just know of others that do. Hours actually aren’t bad. As for MO, anyone that believes his numbers are probably the guys walking into his Chase branch looking for a car loan.
Don’t work there, just know of others that do. Hours actually aren’t bad. As for MO, anyone that believes his numbers are probably the guys walking into his Chase branch looking for a car loan.
Your place hiring?
Lucky dogs…….
~ Lowly Harbinger employee
Harbinger bonus: one free side of bacon
Little knowledge & crazy headlines do nothing but evoke crazier responses! I am not sure how bad the numbers are relative to other BB when –
Analysts have 80-100 base + 0/5
Associates have 150-175 base + 0/5
VP’s have 200-300 base + 0/20 + deferred (remember all the profit these guys made off deferred subprime MBS linked comp?)
Still care to make all the noise?
I see what you did there
Lend at 5, borrow at 4, go home at 3.
http://www.bloomberg.com/apps/news?pid=20601087&sid=auEEfFRNdqcs
“The bank will use leveraged loans and commercial mortgage-backed debt … to fund executive compensation packages, people familiar with the matter said. The new policy applies only to managing directors and directors, the two most senior ranks at the Zurich-based company, according to a memo sent to employees today.
So I’m guessing current VP’s didn’t make a whole lot of money from a comp program given 2 years ago only to Dir/MD’s and up.
what did the four figures say to the face?
-R. James
what did the four figures say to the face?
-R. James
what did the four figures say to the face?
-R. James
what did the four figures say to the face?
-R. James
what did the four figures say to the face?
-R. James
Real #s, buddy please go down to Port Authority, scurry around the turnstyles, wait for fallen or discarded Metro cards, collect as many as you can before NY’s finest show up and then why don’t you scan them all and then “sell” the ones with a single ride left to the tourists from Buffalo. Then pal o’mine get yourself to down to Touro College and go buy yourself a FUCKING CLUE!
Realize dumbass, not 3 years ago a decent 2nd year associate avg’d S90k + B210 all in at CS. And not 1 year ago before this Swiss went J. Goebbels on their staff a VP, even an avg one could still clear 500k if he managed to work a few live deals an dnot piss off any MDs. So please go stfd and stfu. MO is laughing his ass off at the poor pleebs stuck in IBanking and your inane logic only makes matters worse sport.
M.B
Real #s, buddy please go down to Port Authority, scurry around the turnstyles, wait for fallen or discarded Metro cards, collect as many as you can before NY’s finest show up and then why don’t you scan them all and then “sell” the ones with a single ride left to the tourists from Buffalo. Then pal o’mine get yourself to down to Touro College and go buy yourself a FUCKING CLUE!
Realize dumbass, not 3 years ago a decent 2nd year associate avg’d S90k + B210 all in at CS. And not 1 year ago before this Swiss went J. Goebbels on their staff a VP, even an avg one could still clear 500k if he managed to work a few live deals an dnot piss off any MDs. So please go stfd and stfu. MO is laughing his ass off at the poor pleebs stuck in IBanking and your inane logic only makes matters worse sport.
M.B
I’ve been here 8 years, am an SVP, manage two service folks who do the back office work. My portfolio has over 300MM in net borrowings today. The work isn’t complicated but if you are a fortune 1000 cfo and need to borrow and talk to someone who understands his business, my work is important. And my comp isn’t the highest in our group. Not even close.
wow homie, your nozzle is on fire! Chill out man, or you’ll end up with no bonus and a heart attack. If this sucks, why not quit? Seriously now…oh wait, I think I know….it’s because your over-rated derriere is unlikely to make 175K in any other business. Put things in perspective Bic Pen
Mont Blanc, you are the most bankery banker ever…….I bet you are a colossal douche in real life. Fact, good bankers don’t talk and act bankery…..not needed.
Mont Blanc, you are the most bankery banker ever…….I bet you are a colossal douche in real life. Fact, good bankers don’t talk and act bankery…..not needed.
Mont Blanc, you are the most bankery banker ever…….I bet you are a colossal douche in real life. Fact, good bankers don’t talk and act bankery…..not needed.
bonus down 70%… cs sucks, head for the hills and get out asap… setting up for disaster with the 50k cash cap and f’ing everyone else with lowball #’s
Next time, when you are feeling a bit insecure about your life decisions instead of posting here, take a look around at your neighbors at the urinals to see how you measure up. Your LSD has no place here.
Next time, when you are feeling a bit insecure about your life decisions instead of posting here, take a look around at your neighbors at the urinals to see how you measure up. Your LSD has no place here.
CS employees can’t afford shake shack anymore, so no.
lucky bitch….
- harbinger investor
“Little knowledge & crazy headlines”
lets see:
1. the headline is ‘bonus watch ’11: credit suisse’– wow! insane! so sensationalist!
2. the numbers or ‘knowledge’ is correct.
want to try again?
No but his wife is.
m.b>cfa?
Again, DealBreaker commetns are about things nobody cares about. These comments are all so useless. Can people post useful information that we care about. A1, A2, A3, VP1 etc and deferred levels.
Again, DealBreaker commetns are about things nobody cares about. These comments are all so useless. Can people post useful information that we care about. A1, A2, A3, VP1 etc and deferred levels.
who cares about equity research bonuses they always suck… the bankers at CS are doin’ just fine
who cares about equity research bonuses they always suck… the bankers at CS are doin’ just fine
dad is that you?
Tell something true, lier
As someone who is in Equity IT, I got more bonus $$$ then these clowns. Oh well, maybe it is time to change jobs…but working in IT does require that you know somehting…
Slap!!!!!!!!!!!
Slap!!!!!!!!!!!
CS equity research is rubbish anyway, So who cares?
I’m sorry but your rational and intelligent comments are not welcome here on DealBreaker. Please make a joke about meeting someone at Minetta’s or a hedge fund manager who has a pet pig. Thank you.
-Everyone
You also got less grammar then these clowns.
Dear Guest (CS analyst),
Analyst dont get their numbers til later.
-BS Caller
You’re obviously not much of a banker (if one at all). Good research drives equity offerings. I can think of ten of millions of dollars in fees last year alone my group (on the banking side) wouldn’t have gotten had it not been for our shop having good research.
I save my good grammer for my system requirement documents.
What about CS banking?
Are you out of your f@@@ing mind?
Прокат автомобилей и аренда авто по выгодным ценам
xoLu4T Say, you got a nice post.
is this true?