Credit Suisse

Originally Posted by Unregistered

ANL > ENO 1 > ENO 2 > ENO 3 > AVP > VP > DIR > MDR

I am an employee.

What function/department are you in?

What is the average for new VPs?

Originally Posted by Unregistered

What is the average for new VPs?

150k - 170k

Originally Posted by Unregistered

Wow... I have been in CS for more than 5 years now.
And I am with their Digital team.
Average bonus is 3-4 mths.
Best was 2017 at 6 mths
2020 was ok at 3 mths

Rubbish ... there is no digital team in CS.
There is platform and there is technology, but there is no digital team.
Wealth mgmt (or private banking) is very different from our retail banks like DBS, UOB, SC, OCBC. In wealth mgmt, the focus is on RM VS in retail banks, the focus is on self-service digtal channels. and obviously, WM have huge AUM, while retails drives volume hence Revenue-to-cost ratio are important.

Originally Posted by Unregistered

ENO > AVP > VP > DIR > MDR

Structure quite flat. Only 5 main ranks.

Anything below avp is an exempt non officer. Internally its equal to no rank.

CS (Super Flat - and promotion is for the loyal)
ENO > AVP > VP > DIR > MDR

DBS (relatively flat)
AVP > VP > SVP > ED > MD

SC (ED is reserved for pple with backing)
AD1 > AD2 > D1 > D2 > ED1 > ED2 > MD

OCBC
M6 > AVP > AVP > VP > SVP > ED > MD

UOB (Force ranking system in UOB)
M > AVP > VP1 > VP2 > FVP > SVP > ED > MD

can anyone advise what steps to take and prepare if Credit Suisse goes bankrupt?

Is it better to leave before it goes under or stay all the way?

Originally Posted by Unregistered

can anyone advise what steps to take and prepare if Credit Suisse goes bankrupt?

Is it better to leave before it goes under or stay all the way?

All the way. Won't burst, no worries.

Originally Posted by Unregistered

All the way. Won't burst, no worries.

if burst, then got bad reputation leh
look at lehman brothers, recently when silicon valley bank fail, media highlight CFO is ex-lehman, more than 10 years after the fact

this kind is like black stain on resume...

Originally Posted by Unregistered

if burst, then got bad reputation leh
look at lehman brothers, recently when silicon valley bank fail, media highlight CFO is ex-lehman, more than 10 years after the fact

this kind is like black stain on resume...

Chances of failing at this point is not high as the authorities would sit down idly. In the meantime be on the lookout for other opportunities.

Hong gan liao!