Discover your dream Career
For Recruiters

Credit Suisse has a new treat for its junior bankers

A year into the pandemic, and nearly that long into working from home, Credit Suisse is bestowing something special upon juniors in its capital markets and advisory division.

In a memo sent this week, CEO of the division David Miller said the bank is extending its policy of reimbursing employees working from home for meals that they eat late in the day. Previously the policy only appears to have applied to staff above vice president (VP) level. Now it will apply to analysts, associates and VPs too. 

"We recognize the extraordinary efforts you have made during the remote working period, and specifically during this period of unprecedented activity," said Miller in a memo, noting that the policy will be effective immediately.

While the extension will make a difference to Credit Suisse's juniors, some have been observing that it's a bit late given that some rival banks have been reimbursing for late meals at home throughout the pandemic. Mani, a first year analyst at JPMorgan with a YouTube channel, says he gets free food delivered to the house when he works past 8.30pm, for example. 

Other banks, however, don't seem to provide free food at all. One analyst two at Citi recently complained that he/she worked until 4am and had to buy their own meal. Citi declined to comment. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Kristina Bratko on Unsplash

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Latest Jobs
X-Giants International Hong Kong Limited
Product Manager (Digital Product/Promising Dot-com Company)
X-Giants International Hong Kong Limited
Los Angeles, United States
Wellington Management Company, LLP
Senior Portfolio Accounting Analyst
Wellington Management Company, LLP
Boston, United States
Deutsche Bank
Loan Servicing Analyst
Deutsche Bank
Jacksonville, United States
QBE Insurance
Crop Claims Intern
QBE Insurance
Lincoln, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.