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Credit Suisse Looks To College Recruits At IT Expo

Seniors are being targeted to join Credit Suisse's analyst program for entry-level professionals, while juniors are being recruited for 10-week paid summer internships.
The recent meltdown on Wall Street didn't influence the decision to open up the Expos for recruiting opportunities, but rather the company decided it would be a good way to forge earlier relationships with prospective new employees from local pools of promising college students.

Many colleges across the country have long complained about dwindling numbers of students entering tech-related majors, and Credit Suisse thinks the Expos are a good way to get some of those students' attention and seal the deal with others considering starting out their careers with the company.

"We'd like the pool to be bigger, but it’s a decent pool of candidates," Brophy said. While the number of U.S. students pursuing tech degrees has been falling in recent years, she said one fear is that the recent Wall Street crisis will end up discouraging kids from pursuing careers in financial services industries. However, it's possible that could result in some unintended benefits for tech employers, Brophy said, as more students reconsider tech-related fields. "Technology may become hot again," as a career choice for younger workers, she said.

In the meantime, Credit Suisse is witnessing some of the aftermath of Wall Street's recent troubles. "We're getting more resumés from entry-level analysts who had jobs at Lehman Bros. and Bear Stearns," she said.

Credit Suisse also holds annual IT Expos in its London, Singapore, and Zurich offices; however, the company hasn't yet opened up those events for recruiting.

For the first time since InformationWeek began studying salary trends 11 years ago, salaries for business technology professionals are falling. Find out what you need to know in order to make good hiring decisions and personal career choices. Download the report here (registration required).