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Morgan Stanley S&T vs. Citigroup S&T (Offer Help)
 

Wu_banga's picture
 
Points)
 on 2/28/12 at 2:36am

I have never posted on this site, or had a log until today for that matter. But I have read the posts and wanted to get none BS opinions from people on MS Institutional Equity S&T vs. Citi S&T and QA analysis programs.

Both are SA positions and I have an offer from both. I liked the people at both places but Citi would give more diversity in terms of FI and Equity desk rotations vs. MS being equity only, but it seems that MS has the better general rep.

Thanks for the opinions!

Tags:
thunderfan118's picture

PM me

 
Points)
 on 2/28/12 at 3:06am

PM me

NewGuy's picture

I'd go with Citi

HF
 
Points)
 on 2/28/12 at 3:23am

I'd go with Citi

GekkotheGreat's picture

^^^ agreed

ST
 
Points)
 on 2/28/12 at 4:01am

^^^ agreed

Gambler Daily

Reality's picture

The opportunity to "try

HF
(Monkey, 57
 
Points)
 on 2/28/12 at 5:01am

The opportunity to "try before you buy" so to speak is incredibly valuable - you may find Equities are just not your thing.

FunFundedFund's picture

Sometimes I feel that some

(Chimp, 8
 
Points)
 on 2/28/12 at 7:47am

Sometimes I feel that some answers in this forum are directed to actually choosing the worse possible one. How could Citi S&T is better than MS S&T?? Last year MS posted a record high $1.7bn in equity sales and trading revenue1, its highest figure in that business since 2008. On top of it, by Q4 2011, MS did less to cut down on pay than Citi. Citi did lots of bloodshed for cost-cutting its insane. I would go with MS. Especially knowing MS is the underwriter for Facebook IPO for crying out loud.

FreezePops's picture

FunFundedFund

(Orangutan, 309
 
Points)
 on 2/28/12 at 9:38am
FunFundedFund:

Sometimes I feel that some answers in this forum are directed to actually choosing the worse possible one. How could Citi S&T is better than MS S&T?? Last year MS posted a record high $1.7bn in equity sales and trading revenue1, its highest figure in that business since 2008. On top of it, by Q4 2011, MS did less to cut down on pay than Citi. Citi did lots of bloodshed for cost-cutting its insane. I would go with MS. Especially knowing MS is the underwriter for Facebook IPO for crying out loud.

Could you please do us all a favor and stop posting?
-thanks

@ OP, you mentioned QA in your original post. Just to clarify, the SA at Citi is for sales & trading, not quantitative analysis, right? SAs in QA are placed in research for the summer, but will do rotations in both trading and research once they start fulltime.

FunFundedFund's picture

FreezePops

(Chimp, 8
 
Points)
 on 2/28/12 at 9:46am
FreezePops:
FunFundedFund:

Sometimes I feel that some answers in this forum are directed to actually choosing the worse possible one. How could Citi S&T is better than MS S&T?? Last year MS posted a record high $1.7bn in equity sales and trading revenue1, its highest figure in that business since 2008. On top of it, by Q4 2011, MS did less to cut down on pay than Citi. Citi did lots of bloodshed for cost-cutting its insane. I would go with MS. Especially knowing MS is the underwriter for Facebook IPO for crying out loud.

Could you please do us all a favor and stop posting?
-thanks

@ OP, you mentioned QA in your original post. Just to clarify, the SA at Citi is for sales & trading, not quantitative analysis, right? SAs in QA are placed in research for the summer, but will do rotations in both trading and research once they start fulltime.

Just to please you?

NEVER :)

Wu_banga's picture

NewGuy and gekko, why do you

 
Points)
 on 2/28/12 at 10:11am

NewGuy and gekko, why do you guys think Citi.... and for clarification both are S&T QA is just a part of citi's program name.

NewGuy's picture

Because Equities sucks and is

HF
 
Points)
 on 2/28/12 at 10:35am

Because Equities sucks and is boring as hell, and because Citi is a FICC powerhouse. NO ONE who works in S&T will ask you to choose MS over Citi. The guys saying Citi in this thread are the more informed posters.

As for Citi, make sure you stay on the S&T track and not QA (unless hardcore quantitative analysis excites you).

FunFundedFund's picture

The numbers, NewGuy, speak

(Chimp, 8
 
Points)
 on 2/28/12 at 11:20am

The numbers, NewGuy, speak louder than words.

NYguy07's picture

FunFundedFund

ST
(Monkey, 48
 
Points)
 on 2/28/12 at 11:38am
FunFundedFund:

Sometimes I feel that some answers in this forum are directed to actually choosing the worse possible one. How could Citi S&T is better than MS S&T?? Last year MS posted a record high $1.7bn in equity sales and trading revenue1, its highest figure in that business since 2008. On top of it, by Q4 2011, MS did less to cut down on pay than Citi. Citi did lots of bloodshed for cost-cutting its insane. I would go with MS. Especially knowing MS is the underwriter for Facebook IPO for crying out loud.

Citi without a doubt.

Citi has a great culture and the ability to do a rotational program is the biggest benefit. They have a 3 desk rotation for this summer intern class and will give you a great ability to find what you want to do. Yes MS is great at equities but what if you do not like it? Citi is great at FICC but sucks at equities.

Don't enlistee to this jackass. Who gives a fuck about underwriter for facebook IPO when your in S&T? That is a classic getting caught up in a name. I believe it was MS who capped cash bonuses this year at 125 and not Citi.

Last point, your goal as an intern is to get a fulltime offer. No place gives you a better shot at that than Citi. They have been at the top in terms of offer rate in S&T to interns. Last year they had a 90% offer rate to anaylst interns.

PM me if you have more direct questions about Citi

FreezePops's picture

Wu_banga wrote: NewGuy and

(Orangutan, 309
 
Points)
 on 2/28/12 at 11:49am
Wu_banga:

NewGuy and gekko, why do you guys think Citi.... and for clarification both are S&T QA is just a part of citi's program name.

QA and S&T are two separate tracks within S&T at Citi. QA is not S&T. There is no chance of being placed in sales if you are in the quantitative analysis track.
If you're in quantitative analysis, you will not be on a trading desk over the summer. Once you get to full time, you will have rotations both in trading and research and ultimately be placed in one of those areas.
If you're in the S&T track, you may have rotations in both Sales and Trading.

Which one you're in makes a pretty big difference.

FunFundedFund's picture

Is Potty-Mouth part of Citi's

(Chimp, 8
 
Points)
 on 2/28/12 at 12:00pm

Is Potty-Mouth part of Citi's culture? Sounds like it. Any representatives of Citi such as FreezePops, NewGuy, and NYguy07 exhibit characteristics of pirates than bankers.

Thanks for revealing that to the ones who are trying to figure out your culture.

To OP: it seems you need to learn more on the Facebook IPO, and perhaps read more news about both companies before you decide. Bonds are safe and less risky than equity, which makes it, in my opinion, more boring. Either way, your decision.

NYguy07's picture

FreezePops wrote: Wu_banga

ST
(Monkey, 48
 
Points)
 on 2/28/12 at 11:57am
FreezePops:
Wu_banga:

NewGuy and gekko, why do you guys think Citi.... and for clarification both are S&T QA is just a part of citi's program name.

QA and S&T are two separate tracks within S&T at Citi. QA is not S&T. There is no chance of being placed in sales if you are in the quantitative analysis track.
If you're in quantitative analysis, you will not be on a trading desk over the summer. Once you get to full time, you will have rotations both in trading and research and ultimately be placed in one of those areas.
If you're in the S&T track, you may have rotations in both Sales and Trading.

Which one you're in makes a pretty big difference.

Agreed. I assume OP is referring to S&T. At Citi the program is called S,T & QA and they are two different tracks. I am not familiar with how the QA part works except that it is not part of the S&T rotation

justin88's picture

2011 pay is irrelevant to a

HF
(Gorilla, 585
 
Points)
 on 2/28/12 at 11:57am

2011 pay is irrelevant to a SA.

NYguy07's picture

dabanobo wrote: 2011 pay is

ST
(Monkey, 48
 
Points)
 on 2/28/12 at 12:00pm
FunFundedFund's picture

Fundamental analysis, people.

(Chimp, 8
 
Points)
 on 2/28/12 at 12:07pm
bearflatten's picture

FunFundedFund wrote: Bonds

 
Points)
 on 2/28/12 at 5:34pm
tellmewhatyouwant's picture

bearflatten

ST
(Monkey, 61
 
Points)
 on 2/28/12 at 7:55pm
Marked to Market's picture

Agreed. FunFundedFund is a

 
Points)
 on 2/28/12 at 9:28pm
turk1's picture

Not to derail the topic, but

(Monkey, 38
 
Points)
 on 2/28/12 at 10:06pm
lolgpa's picture

turk1 wrote: Not to derail

(Monkey, 63
 
Points)
 on 2/29/12 at 4:07am
Maximus Decimus Meridius's picture

Do not feed the trolls

ST
(Gorilla, 631
 
Points)
 on 2/29/12 at 8:47am
Whgm45's picture

I've been on both floors

ST
(Orangutan, 301
 
Points)
 on 2/29/12 at 9:10am
Wu_banga's picture

I appreciate the feedback

 
Points)
 on 2/29/12 at 2:09pm
NewGuy's picture

Maximus Decimus Meridius

HF
 
Points)
 on 2/29/12 at 4:04pm
Maximus Decimus Meridius's picture

NewGuy wrote: Maximus

ST
(Gorilla, 631
 
Points)
 on 2/29/12 at 4:36pm
NewGuy's picture

Maximus Decimus Meridius

HF
 
Points)
 on 2/29/12 at 4:50pm
futuretrader1999's picture

this is crude but is my

ST
 
Points)
 on 2/29/12 at 9:48pm

IVY for Life

Irresistible's picture

I know Citi has a higher

 
Points)
 on 2/29/12 at 10:42pm
lolgpa's picture

Spectro wrote: I know Citi

(Monkey, 63
 
Points)
 on 3/1/12 at 6:50am
Maximus Decimus Meridius's picture

NewGuy wrote: Just my

ST
(Gorilla, 631
 
Points)
 on 3/1/12 at 7:33am
Cash4Gold's picture

Maximus Decimus Meridius

ST
(Gorilla, 664
 
Points)
 on 3/1/12 at 8:21am
NewGuy's picture

Maximus Decimus Meridius

HF
 
Points)
 on 3/1/12 at 10:37am
leveRAGE.'s picture

NewGuy wrote: Maximus

ST
(King Kong, 1,161
 
Points)
 on 3/1/12 at 10:50am
NewGuy's picture

leveRAGE. wrote: NewGuy

HF
 
Points)
 on 3/1/12 at 11:40am
leveRAGE.'s picture

with regards to your first

ST
(King Kong, 1,161
 
Points)
 on 3/1/12 at 1:26pm
NewGuy's picture

leveRAGE. wrote: with regards

HF
 
Points)
 on 3/1/12 at 1:40pm
Bernankey's picture

NewGuy wrote: leveRAGE.

ST
(Gorilla, 613
 
Points)
 on 3/1/12 at 1:45pm
leveRAGE.'s picture

Bernankey wrote: NewGuy

ST
(King Kong, 1,161
 
Points)
 on 3/1/12 at 1:52pm
NewGuy's picture

leveRAGE. wrote: Bernankey

HF
 
Points)
 on 3/1/12 at 4:57pm
NewGuy's picture

Bernankey wrote: NewGuy

HF
 
Points)
 on 3/1/12 at 5:00pm
leveRAGE.'s picture

your comments are

ST
(King Kong, 1,161
 
Points)
 on 3/1/12 at 6:48pm
Wu_banga's picture

why do these threads always

 
Points)
 on 3/1/12 at 7:14pm
Marked to Market's picture

Look, I have no interest in

 
Points)
 on 3/1/12 at 8:03pm
TraderDaily's picture

lolgpa wrote: turk1

(King Kong, 1,045
 
Points)
 on 3/1/12 at 8:36pm
FreezePops's picture

Wu_banga wrote: why do these

(Orangutan, 309
 
Points)
 on 3/1/12 at 11:45pm
NewGuy's picture

leveRAGE. wrote: your

HF
 
Points)
 on 3/2/12 at 4:29am
Reality's picture

It's worth noting that most

HF
(Monkey, 57
 
Points)
 on 3/2/12 at 6:43am
Bernankey's picture

Reality wrote: It's worth

ST
(Gorilla, 613
 
Points)
 on 3/2/12 at 11:02am

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