BAML vs Citi London

I want to have a long-term career at Banking in London, so I wanted to know what do you think about both of this opportunities, which one has a better conversion rate to full time offer: BAML Off-Cycle M&A or Citi SA M&A?

I really don't care about the prestige, just want to decide according to the possiblities of getting a full time offer after the internship.

5 Comments
 

From what i’ve heard, both have strong conversion rates, Citi may be slightly lower at around 80% vs 85% for BAML but ag this point its entirely up to you. Note though that 1) an off-cycle will allow you to work longer for the bank, and show more of your worth than the short 10 weeks for a summer internship, 2) BAML is rotational? And citi is only in one team? I think it is something like this so working across teams may help you fit within one of them better.

 
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In many regards, BAML and Citi are very comparable. In London, BAML might have a slight edge in terms of prestige but both are expected to experience significant growth as they put a lot of resources into competing with the top three. At the moment, BAML seems to already be there in M&A while Citi is already crushing it in ECM/DCM. Nonetheless, in my opinion, this decision should be based on your sector/team preferences (Healthcare very strong at Citi), whether you want to spend the internship in only one team (Citi) or rotate (BAML), and whether you want to work in Canary Wharf/City. Also note, that BAML Off-Cycle conversion rates are almost 100% and some people in the last class didn't have to wait an entire year to start but could roll over.

 

Was the roll over something generalized or only the chosen ones got the chance to start just after the off-cycle? That's a really interesting point to analyze.

 

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