Citi Head of HR SG "interns will be assessed twice" and "won’t get an entirely free pass into a full-time role"
Surprised not to see any post about this.
So, Jorge Osorio, head of HR at Citi in SG, has told efc that there will be internship assessment based on performance, which is a bit different from the impression I got from this forum about the "minimum requirements" indicated in Citi's email to incoming SA's in NYC, LN, Tokyo, HK and SG.
Osorio says Citi’s approach to internships is “different and more straightforward” in these “unprecedented times”. But the interns will be assessed twice, suggesting they won’t get an entirely free pass into a full-time role. “The requirements will be based on the intern’s performance during the programme as well as the evaluations from the division they are assigned to,” Osorio tells us.
Any thoughts?
I think it just means that interns will get FT as long as they don't suck entirely (e.g. lateness, shitty attitude etc.) since they've already gone out of their way to guarantee FT offers. IMO highly unlikely they'll be actively seeking to cut people.
Note how the guy says that interns won't get an entirely free pass. But if it's even a 50% free pass that's already a much sweeter deal than the rest of us...
What surprises me the most is the Head says interns will be assessed twice, which doesn’t really sound like interns will get FT offers as long as they show up everyday professionally.
I’m not one of the lucky Citi interns so I have no clue, but maybe some of them have more insights.
But he then goes on to say like the job guarantee removes uncertainity for the interns. So is it a guarantee or not..?
Overall tho, I think this just means the offer is yours to lose it.
sounds like they're just doing the obligatory "playing hard to get" PR to maintain some credibility for the firm and keep their interns from literally coasting the internship - I guess either way FT offer rates will be high
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It's actually amazing to me how many kids here believe they will be able to receive a FT offer for next year regardless of their performance in their summer internship. Don't believe your own litquidity memes... I guarantee if you laze about, virtually or otherwise, you will get your offer pulled from any bank. Performance will also make a big difference in group placement.
Note that a reduced internship timeline actually benefits the target school students who are best prepared going into the internship, and takes away a lot of time for non-targets and non-traditional students to learn and catch up. If you think this won't impact group placement or performance you're living under a rock. I would crack open the books now and get to studying and model practice ahead of time.
In general I would advise everyone to please take the summer seriously and buy the right technology if you don't have it. Stop listening to the echo chamber of other students before you seriously mess up your career prospects.
Besides a stable computer/desktop what should an intern have?
Currently have multiples monitors Enough RAM and good processor Enough HDD and SDD space Video camera
What else would be good to have
Good sense of humor, stiff upper lip, work ethic.
Tech wise all of what you mentioned is a good idea (for those keeping score at home, I would recommend multiple monitors if you can, or at least a laptop screen + 1 external monitor; at least 8 GB of RAM, and around 20-25% space free on your HDD / SSD; I like the Logitech webcams but they're a bit pricey now so a laptop webcam is good enough if you have it)
Also may recommend:
Good internet connection, if you can change it (e.g. if your family's ISP has options, I would pay them $50 a month or whatever to upgrade it to the max before your internship starts). If it is a virtual desktop it will run off latency so internet speed is crucial. If you have the option to plug into a LAN instead of WiFi that's even better. If you have WiFi I would recommend a good router.
Personal choices but I think a mouse/keyboard that you like is helpful. I use a mechanical keyboard but your results may vary; use whatever's most comfortable.
How important is finance/modeling knowledge anyway for internships? At a lot of targets, BBs recruit from all majors and you can get an internship by just knowing the basics. Would non-finance majors be at a disadvantage in terms of lower chance of receiving a return offer?
You'll hate this answer but it depends.
Most of what we judge interns on is some degree of the following: * Attitude * Work Ethic * How much / how fast the intern learned on the job
The last bullet is really what I am talking about. We recruit interns who don't know anything, but by the end of the internship, typically we look for personal and professional growth. Have you been able to pick up on some of the modeling, processes, and other skills? Do we think that you have the ability to pick this up quickly should we hire you full time? That's where the first two bullet points come in, alongside a nebulous "airport test" which you have passed to some degree in order to get the internship in the first place (although working under fire often reveals people's true character).
It basically means don't be a retard and you'll get your FT offer. Of course there'll be minimum conditions, it's to deter those who think that guaranteed offers means I can be late, have a shitty attitudes and do as little work as possible and still get the offer. As long as you're relatively good, and behave just as you would've done before the auto-FT announcement, you'll be fine.
there’s nothing really surprising about this and it makes perfect sense. Citi’s basically saying that you still have to perform in the internship in order to get a FT offer. They’re prepared to offer all their interns a FT offer, but those interns still have to perform well.
ngl that's still a much better position to be in than 95% of us
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