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Credit Suisse To Sweeten Situation For Junior Mistmakers

The Swiss bank is letting analysts put on associate pants after just two years.
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The investment bank told juniors on Thursday that it would make changes to its promotion cycle in Europe, the Middle East and Africa, bringing it in line with the United States where the practice was introduced in summer 2013, sources familiar with the situation told Reuters. A spokeswoman for Credit Suisse confirmed the plans. The program, due to start in July, will enable top-performing analysts - the first rung on the investment banking ladder - to become associates in just two years rather than three, meaning they can reach vice-president level after 5-1/2 years rather than 6-1/2. [Reuters]

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