Hello,
I was wondering if anyone knew about Citi's technology group. Where's it based, what's the lifestyle like, what's their dealflow like, etc.
I'm thinking about applying to GS/MS TMT since they're in California, would doing an SA with Citi's tech group be good preparation?
Thanks in advanced.
| +4,027 | Bank of America - Juniors Strike to start Monday May 6th | 422 | 16m | |
| +852 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 79 | 1d | |
| +604 | This is a dark day for Wall Street. | 46 | 14h | |
| +457 | BofA Associate Death - WSJ, FT, CNBC, Bloomberg | 51 | 18m | |
| +191 | How to strike without being fired. | 21 | 19h | |
| +185 | Analyst at Bofa FIG-Thoughts | 28 | 1d | |
| +171 | Big Layoff at Barclays - 5/1/24 | 88 | 1d | |
| +167 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 23 | 14h | |
| +153 | BofA List | 37 | 12h | |
| +141 | Reporters, please post your info in this thread for visibility so people can easily reach out. | 4 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Thinking about applying to GS/MS TMT? I've heard both Blankfein and Gorman are now accepting resumes from college students specifically for those groups. Have heard also that all you need to do is ask nicely and tell them you love Cali.
Citi Tech is 'meh;' the M&C group is much better, but I believe that's in NY. Sorry.
I thought MS Menlo Park was all tech?
And I thought GS SF was the TMT base too?
If I did an SA in Tech and applied to one of those, you think they'd be considering me for their healthcare groups or something?? You must be a genius. I've heard NYU Stern was only for kids who got rejected at every Ivy League and all other decent schools who desperately wanted a chance to get into finance, but they never told me it was full of geniuses such as yourself.
You're pretty condescending. Just because you summer in a tech group does not make you a shoe in to get a FT offer at the top Tech groups on the street. You will not become a Tech expert from your 9 - 10 week banking internship. If anything, they will be more inclined to give the few FT offers they have after they give out offers to their SAs to someone who was in a strong group, regardless of industry. I think we've established that Citi Tech is not one of those groups.
I always attempt to answer intelligent, well-thought questions on this forum with whatever little knowledge of investment banking/college/etc I possess. The point of my post is that you think just because you do a summer in Tech at C you are a shoe-in for MS/GS TMT? You haven't even stepped into a bank yet. You have no idea whether you will be a standout, whether you'll hate it, love it, whether you'll be well-liked by your superiors or peers, whether you'll even get a return offer. Maybe you'll like Citi a lot and want to go back. Your Ivy mind has hard-wired you into turning life into one big prestige jerk-off session (note: I have friends at Ivies who aren't like that at all, others who are, but it seems by your response that you epitomize that 'type'). Secondly, many SAs switch groups for full-time. After 10 weeks you think you'll be the second coming of Frank Quattrone and your arrogant little brain won't be able to be molded into any industry group the bank you'll be working at chooses?
You are correct on one thing. I did get rejected from most of the Ivy League schools; NYU Stern was definitely not my top choice. However, that was roughly four years ago and I've been pretty happy with my college experience; have learned a lot, got my dick wet quite a bit, made good friends. You, on the other hand, should probably get well-acquainted with rejection; judging by the way you handle yourself, you will feel it quite often in your life.
Are the GS and MS TMT groups in Cali? From previous posts, it seemed that the Cali analysts were generalists. So I would think that TMT would be run out of NY. And I am only basing this off of previous posts.
There are dfinitely group specific analysts for both GS and MS in Cali. I have a friend at GS TMT out in Cali. That being said, I think Citi Tech is pretty average, and its probably not a good bet to summer in Citi Tech and think you'll get GS/MS Tech out in LA.
Citi tech is in Palo Alto, and the impression I get is that they're not very strong.
In the world of West Coast tech, if you're not GS, MS, Qatalyst, BarCap or CS, you're the fire hydrant getting pissed upon.
where did barcap come from???
So GS TMT is based out of San Fran? This may not be very accurate but I looked at the Wharton Career Survey for this past year and of all the GS analysts, none went to SF. I find it hard to believe that nobody went to TMT.
GS TMT is based out of SF - the TMT group head sits in this office. However, SF is mostly tech. Media & telecom is based primarily out of NYC.
MS Tech is down in Menlo Park. Tech at MS is not integrated into a TMT group.
Ah okay. Thanks for the clarification.
For GS, so would both NYC and SF TMT groups be considered the "top" groups that everyone refers to? Or is it mainly one over the other?
Same group, same rep. However, like I mentioned above, each office has a slightly different industry focus with TMT.
So is it accurate to also assume that in terms of PE recruiting, there is no difference? And in general, exit opps for TMT in SF would be more west coast focused whereas NYC would be NYC?
I've heard decent things about Citi Tech in NYC...
Same here. I was under the impression that they have even been outperforming comms for the past year.
PrimeTime - I sent you a PM.
I definitely was at the time. I got into a couple Ivies but didn't want to be in a non-city environment, and also liked the idea of UG business, so chose Stern instead. Am I still mad? No. I'm pretty happy with how things turned out.
Interesting that you're thinking of applying now for SA. Isn't the process usually over by now?
uh..i would not put barcap the same category as ms,GS,qatalyst or cs and i dont think anyone who works in tech ib would.
But to OP's question, Citi tech is not very strong in menlo with regards to M&A. They recently did a LBO on one aerospace IT deal but I think that's from NYC. They were, however, on a couple of other equity deals thus far so you will be doing deals, just not as much as other shops I mentioned.
Citi Tech SF (Originally Posted: 10/08/2014)
Just wanted to see if anyone has any information on the group (how large the team is, deal flow, exit opps, etc.). Would appreciate any relevant information!
you got the interview?
At the moment I'm just trying to find out more info about the group since there doesn't seem to be much recent stuff about them in the forums.
have a friend that recently left that group - deal flow wasn't as great as other groups or tech teams at other banks. mainly 70-80% capital raising activities, mostly credit memo writing.. Exit opps are reasonably good (think Centerview Partners, etc.) if you can spin your experience well and get lucky getting staffed on a major project.
Thanks techno! Would you be able to say whether your friend moved to the buyside, corporate finance, or another ib group?
bump. any other information?
Citi Tech (nyc) (Originally Posted: 05/08/2007)
anybody know whether they are well respected on the street? a friend is thinking about joining, and i would just like to pass on any advice from this board. thanks!
Eos ut eos sed nemo. Qui aut adipisci assumenda repudiandae veritatis ut ipsam. Beatae alias nisi corrupti aspernatur amet repellat ea nihil. Sint qui recusandae itaque sunt dolorum esse facere.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quasi doloribus alias vitae eveniet ut similique in. Hic nisi consequuntur qui ratione error vero. Amet dolor sed maxime soluta quaerat eaque. Aut tenetur recusandae laudantium ut corrupti officia.
Quia ad aspernatur ipsum rerum ex rerum impedit vel. Deserunt iste sunt provident sint. Cum ut nostrum eos voluptatem tenetur iure laborum provident.
Necessitatibus laborum consequuntur dolores rem molestias fugiat quod. Libero similique veniam est ducimus rerum est tempore. Commodi corrupti praesentium repellat id minima distinctio. Blanditiis recusandae et est minus ab alias dolores non.
Aut dolorem sed recusandae qui adipisci sed. Consequatur molestias et repellendus reprehenderit officiis tempore dignissimos.