In a recent Highered survey of more than 3,800 students from 580 business schools, the 167-year old bank was ranked as the 10th most desirable financial company to work for worldwide.
However it has since been forced into a $3.25 billion emergency takeover after reporting ‘material weakness’ in its financial situation to the Swiss government.
The takeover followed a series of scandals in recent years that have dogged the troubled bank, including defrauding investors and corporate espionage, as well as involvement in the high profile collapses of two financial institutions, Archegos Capital and Greensill Capital.
Despite those previous crises, students taking part in the survey in mid-2022 felt Credit Suisse was one of the most desirable places to land a job in finance. Experts now suggest the rescue, which was orchestrated by the Swiss authorities over the weekend, could lead to thousands of job cuts.
UBS, which was the largest private bank in the world prior to the takeover, was ranked as the eighth most desirable financial firm to work for in the study.
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