Trending Content - Investment Banking Forum
| +98 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 20 | 9m |
| +77 | Americas M&A League Table Q2 Updated | 30 | 21m |
| +72 | Wealthy Parents / Jaded | 24 | 10m |
| +55 | How are hours rn for SA (interns) | 30 | 4h |
| +46 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 11h |
| +42 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 10 | 24m |
| +37 | Boutique firm wants access to my LinkedIn? | 31 | 1h |
| +28 | Investment Banking in Mexico | 8 | 4h |
| +26 | MM bottom bucket bonus | 9 | 3d |
| +24 | UBS GIG, LevFin, FSG Interns working Sundays and 85 hour weeks their first week? | 12 | 1d |
Career Resources
industrials
how are communications and financial sponsors?
Go for sponsors and M&A.
In IB, pretty much everyone chooses M&A as their top choice group. A hidden jewel that often gets overlooked is FEG, or the Financial Entrepreneurs Group (Sponsors). No one chooses the group because of its categorization under "Alternative Assets" and the uncertainty of what "Financial Entrepreneurs" entails. It's a great, very technical group, that does no pitching (huge plus) because sponsors are so sophisticated. If you are strongly technical, try M&A, FEG, or Power and Energy. If you are more fuzzy and liberal-artsy, go with technology.
There are two metrics that will help you choose a great banking group. Inquire about how many associates are analyst promotes. This holistic metric will reveal both the attrition rate and how meritocratic the group is. These former analysts know everything there is to know about the group, so their staying on should be a hugely positive signal to you. The analyst-to-MD ratio will reveal how understaffed the group is. A low ratio (especially a ratio below one) means lots of work, potentially great senior exposure, and a strong chance of getting hired.
Group selection is a bilateral process. The interns rank their top groups, and the groups pick ~20 interns to meet-and-greet on the first day. Afterwards, groups re-rank the entire resume book, and summers rank their top six choices. I believe this year, the class of ~40 all got into their first or second choice group.
ibd at citi isn't as strong as it used to be. feg bankers aren't as highly regarded as sponsors bankers would be in other banks. other groups tend to look at them as subpar performers... with that said, this is an internal opinion within citi.
m&a is hands down the most sought-after group.
comms are known as the slave drivers. you get to do your own modeling, but be prepared for ridiculous hours. consumers is pretty much a frat house - don't know too many with excellent exit opps. they did get to work on the dollar general deal though.
industrials is really a toss up. many subgroups under the umbrella. it really depends on which subgroup you get and which associates you get paired up with.
don't know too much about the other groups.
how does the matching process work? say your top ranked groups are m&a, tech, sponsors, media, and industrials, and NO group picks you as one of their choices. how do you get into a group?
wrong thread
Bump.... any more thoughts on Sponsors or Healthcare?
Sponsors.
wtf... can you just read throuhg the posts? someone already said that they don't have a sponsors team... its called feg there and they do a different line of work than a traditional fs/lf team..
I am not sure where you are getting your information from. Nobody said that.....A poster mentioned that the group is called Financial Entrepreneurship Group (Sponsors). I too am interested on hearing any new thoughts about the groups at Citi. There has been a lot of new hires/exits and I am interested in knowing if anything has changed.
Citi's FSG is called Alternative Assets. Keep in mind though that their Leveraged Finance Group is in Capital Markets Origination, not the Investment Banking Division.
bump. would like to know if anything has changed in terms of group rankings. obviously M&A is their top group, but what other groups follow?
.
TMT is rough - long hours and brutal work environment. However, the exit opps are pretty good coming out. M&A is most sought after - they also have a group-specific training program for analysts which help... Not too sure about other groups.
Bump, I hear their energy & power was the best on the street last year. In terms of transitioning into PE, to the extent that the M&A group is not an option due to it being on the top of everyone's list, is there a possibility to transition into a top PE MF after analyst years in a solid industry group like industrials and power?
Citi IBD and Citi's best groups (Originally Posted: 10/16/2014)
Hi all, I have a phone interview coming up in a week and was curious as to a few things about Citigroup.
How is their Healthcare coverage group? What is Citi best known for on the street? Having a great culture vs. consistent deal flow, ease of promotion, etc. Anything would help me.
I visited the firm and was very impressed by the people I met, so I want to ensure I crush this interview.
healthcare is strong
Citi as a whole works hard.
Do M&A, it's literally heads above the other groups in terms of exit ops. Healthcare wasn't ever that good, I would avoid it unless you love healthcare.
If you can't get M&A, try Comms or Sponsors (FEG).
Industrials & Retail used to be among the top groups at Citi NY at one time.
Citi TMT?
their industrials coverage is strong
There was another thread on this ~1 month back. FYI @"ValueInvestor888" , Citi split TMT a few backs into Tech and Comms (media & telecom)
Top group M&A. Other than that ,Comms, Industrials, Sponsors, Consumers all have solid exits. This info has been shared many times before on WSO. search to find other recent threads.
HC not historically one of the stronger groups.
i heard m&A, TMT, and industrials are the best
How is Citi's energy group?
Citi is currently among the top in Houston for energy. CS & Barclays also tend to have pretty good deal flow and decent exit opportunities if that is what you care about.
M&A is top group
yeah and it is also very small.
Group with best culture/hours at Citi? (Originally Posted: 03/24/2011)
Does anyone know which groups at Citi have the best hours and the nicest people?
HR
Culture and hour are not part of the banking vocabulary.
retail banking division
Market-facing, modeling-light product groups that involve market overviews, updating quals and league tables, and monitoring performance.
The ones with all the 7th year associates and $20K bonuses.
retail branch banking
Sponsors man. They're still rebuilding from the downturn but balance sheet access really gives them a great in w/ PE funds.
Citi Sponsors group doesn't do any real modeling. Majority of your deal experience will be debt financing... And if you are interested in that, good for you. You won't learn much.
^ what BS. Sponsors at Citi definitely does modeling (now whether the deal actually closes or not is another question lol).
Sponsors does have a pretty good balance and they work with all the megafunds, but placement has fallen off a cliff since a few years ago when they sent a class to Warburg, Carlyle (mezz) and Kelso.
To follow up, they do modeling, but again, they're getting on deals because they provide debt financing. So yes you'll do some debt financing modeling, but you'll also model the LBO.
^ I bet you work/worked at Citi Sponsors and you are keep highlighting their placement from a few years ago. But to be honest, it's not that impressive... And I guess I don't even need to talk about recent placements.
Well that's what I'm saying. Someone else in another thread said they sent kids to megafunds. That's false. Just want kids to know what they're getting into.
I know several kids from Citi who have gone to mega funds? Including many from this year's class? Or are you specifically referring to sponsors?
I'm just looking for a group with decent hours and people, I'm not fussed about exit opps as I want to stay in banking so the culture is much more important to me.
dig your username... chuck is a sweet show... sarah is smokin hott
Was referring to sponsors, not Citi as a whole.
If you want to stay in banking long-term, then sure, take a look at Sponsors.
If you want decent hours work in a product group, but not M&A. ECM/DCM are generally pretty lax at almost every bank.
Most of the people you work with in other groups will secretly (and not so secretly) make fun of you and your shitty group and joke of a banking career... but thats really just a bunch of BS, go with whats important to you.
Can state for a fact (do not work for Citi or their sponsors group) that you do a ton of modeling. I can't speak to current PE placement but you won't be at a major disadvantage. Please take everything you read on these threads with a huge grain of salt.
Anyone of these jokers above making extreme statements either: a) are undergrads like you pretending to be bankers on a website. b) sad, delusional people who probably were dinged from Citi and work at some shitty no name boutique in Ohio. Talking shit to you specifically dbdbdip, not because I give two fucks about someone's opinion about a group at Citi but mainly because you're the type of person I'd pick a fight with at a bar, faggot.
haha. sorry man but no you are wrong. i'm neither a student nor a boutique banker. and i'd never pick a fight at a bar because it's just immature and stupid. have fun using your muscle somewhere else if you have any.
String, you ain't gotta use muscle on the kid to claim a corner.
if u want good hours go teach 3rd grade public school.
Lazard/Evercore dont give good hours but best exit ops on street.
Citigroup NY IBD --- Best Groups? (Originally Posted: 02/08/2015)
Citigroup NY IBD --- Best Groups?
M & A, Industrials, Media & Telecom are the best groups at Citi NY as per exit opportunities to PE.
Thanks!
Best Citi IBD Groups? IBD or Capital markets better? (Originally Posted: 03/30/2009)
Which coverage groups do their own M&A? are product groups in CMO better?
Citi has an m&a group that works across sectors
i have heard that consumer and healthcare do a lot of their own m&a. i think it depends on the size of the group and the size of the deal.
SEO SEO SEO SEO SEO
FIG does own M&A. As does Real Estate I believe.
Thank your blog helped me for my upcoming project i will consider your valuable tips.Tanks for guiding me through right path.keep posting
Regards,
jhakasseo
Citi IBD - Best Groups? (Originally Posted: 09/17/2014)
Hey all,
What are some of the best groups in the Citi IBD? I'd love to hear from anyone who knows about them or has worked in their NY office.
Thanks for your help
bump
M&A, Media and Telecom, Industrials, Consumer. Arguably in that order, although you could find people who would disagree.
thanks - can you also share some thoughts on the exit opps?
I can personally vouch for M & A & Industrials. They have good exit ops to top MM PE. Not sure about the other two.
my rankings above are based almost entirely on exit ops.
the one group I left out is sponsors. They tend to not do a lot of good execution work, so not ideal in terms of analyst experience (they'll argue otherwise), but their exits can be solid because the MD's go to bat for them.
do we know how many analysts from M&A or industrials group eventually land at mega funds (pe) such as KKR, carlyle and etc?
Two years ago Citi Consumer analysts exit opps were usually good, at least solid. Recently they lost some traction.
Guys - any thoughts on Citi M&A group vs. other M&A group in BB?
M&A, Media and Telecom, LatAm best in the region.
M&A exit opps for megafunds PE compared to other M&A groups such as MS M&A, JPM M&A, and BAML M&A or some other elite boutiques (e.g. Blackstone Advisory, Lazard M&A etc.)?
Best/Top Groups in Citi IBD? (Originally Posted: 04/15/2014)
Long time reader, first time poster
I'm heading to Citi as a summer associate intern and am wondering what the best groups in NYC are. Looking more in terms of culture/stability growth opportunities, and less in terms of exit ops.
I know there's a current thread about how TMT is not doing so well right now
Anyone know how M&A, RE&L, FIG or CR are doing?
Thanks
M&A is their best group by a wide margin I'd say
Interested in the analyst level
In terms of culture: CR is strong, FIG depends on sub-group, not sure about RE, and M&A is alright (haven't heard bad things).
C&R was strong in the mid-2000s, but they lost a ton of talent. Has Citi reloaded there?
M&A, FIG, Energy, Consumer
probably in that order.
For the FIG comment, can you elaborate on which subgroups/verts. are better? Also @"bulge4lyf" how did you come up with your ranking?
Any additional commentary is appreciated.
Bump
In terms of productivity, M&A, Industrials and believe RE are pretty good. Culture-wise it really depends on group/subgroup. TMT is split between Tech and MT. Both TMT and Healthcare teams get worked, not sure split of pitching vs deals. Re. FIG, the group is split between Banks & Specialty Finance (will call BSF) and Insurance, Asset Management & Financial Media/Technology (will call IAF). BSF is productive especially in SpecFin but culture not the greatest. IAF is so-so productivity but much better culture.
Best groups at Citi IBD? (Originally Posted: 08/31/2009)
I know Citi gets a lot of flak in the media, but it looks like it still has good dealflow. What are the best groups at Citi IBD insofar as dealflow, exit opps, prestige, etc?
Thanks!
Any thoughts?
i actually don't know much about Citi
i would also like to post announcing i do not know much about Citi
I'd like to post an announcement saying I know a lot about Citi.
I would like to post an announcement, regarding other people posting announcements, on people posting announcements, announcing that this is stupid.
buttercup87:
this is a dude's name?!
^^total mindfu#k right?
m&a
def not HC
Industrials, M&A, DCM, LevFin
Historically for NYC its always been M & A, FS & Industrials.
new york Citi? ^_^
Hahahaha
best groups at Citi ibd (Originally Posted: 11/21/2006)
does anyone know the best groups in citi ibd? of course M&A would be the top choice , but what else is there? i hear media/telecom is decent. also, what are the groups to avoid?
only people working in ibd or have direct contacts with ppl working at citi respond please. people working at citi, any response would be appreciated.
Consumer/Retail is a sweatshop from what I've seen.
"Consumer/Retail is a sweatshop from what I've seen."
why do you say that?
he's hammering hank, he's seen it all
FIG M&A (apparently separate from FIG), and Financial Entrepreneurs (FEG) AKA Financial Sponsors.
I thought Citi had a strong Capital Markets Group.
does any one have any more info about current top groups at Citi?
Industrials is also a strong group, from what I hear.
Big fagina.
"To Know Me Is To Love Me"-Jebus Price
Their European TMT group is strong, from what I hear.
M&A, FIG, TMT and Industrials
I agree largely with Bateman. The strongest groups are the ones that can really get the most leverage out of the global balance sheet. The only thing I would contest is the addition of TMT, but that may just be a recent thing.
I've got a friend in Citi's consumer group. She doesn't seem THAT busy.
I didn't know Citigroup's Industrial Group was strong.
what exactly is industrials?
Citi industrials is not strong, I don't know where you heard that.
so fig and m&a are the only strong groups?
I heard Communications is pretty good, too.
Eh, I believe Citi industrials is the largest revenue-producing product/industry group of its investment bank this past year and has the global edge in equity and M&A across the Street. That said, I think they are nowhere near as strong domestically as they are globally, and I don't think there's an incredibly long/strong history of dominance even there. It may just have been a 2006 thing.
Where's your info coming from, Wizard?
comms is probably best on the street - tied with GS.
Best IBanking Groups at Citi in NYC (Originally Posted: 07/20/2014)
Hello everyone,
I know there have been similar posts in the past on this topic but it's been a while since this info has been updated. What are the strongest groups at Citi in NY in terms of deal flow, exit opps, and overall culture? Historically it seems the top groups at the bank are 1) M&A 2) Industrials 3) Alternative Assets (Sponsors) 4) Consumer Goods
Is this reflective of the current state at Citi? What are your thoughts on these groups and others?
Pretty good list, I would just add Energy (Houston) and Media/Telecom
I think you mean Shitty Group....
best coverage groups Citigroup NYC IBD? (Originally Posted: 03/29/2009)
what are good industry groups at Citi? I want to get a good broad experience of different deals and would like a group that does a lot of their own modeling in addition to pitching/comps.
also something that isnt a COMPLETE sweatshop would be good.
Any info would be appreciated.
Thanks
The world has changed. And we must change with it.
FIG
SEO
Citi-IBD-best groups? (Originally Posted: 12/16/2008)
Most prestigious, best deal flow, exit ops etc, what are they? thanks
the one where u don't get fired.
FIG for dealflow, Healthcare
We're about to enter a Great Depression. Don't you want a president who's already dressed for it?
GIG is good there
consumer health care
every bank has been good at healthcare lately.... MER claims they are best at it but they really aren't... and when the HCA deal finally misses debt service i'll laugh at MER
Citi just merged its ibd with corp banking......
heard its healthcare division is not at all strong from a very reliable source. cornelius, curious to know where did you hear that from?
i know i posted this on another forum, but i have been really curious about Citi's west coast tech m&a group. how strong are they?
FAG used to be good but large cap buyouts disappearing have dried up dealflow
FSG sorry...
Best Groups at Citi? - Exit opps? (Originally Posted: 08/17/2007)
What do you all think in terms of how interesting the work is, exit ops, etc.?
thanks
"best groups citi" yields 48 threads of which several are directly relevant and many other are very similar
here are three that seemed identical to your question (there are others): http://www.ibankingoasis.com/node/1800 http://www.ibankingoasis.com/node/2616 http://www.ibankingoasis.com/node/850
And that took me about two minutes to actually scan a few threads and pick out three. Is that really so painful?
thanks
I can't find any info out on Citi TMT in NY. Does anyone know if that group exists?
thanks again
I think they call it communications and technology or something like that, not TMT
tmt stands for what again?
Id quis sed repudiandae eum tempore consectetur repellat. Odit facilis quia repellendus numquam. Sint aliquid nihil reiciendis adipisci. Id deserunt vero nihil expedita ut eaque non autem. Laboriosam delectus praesentium quasi eum ducimus nisi aspernatur.
Commodi animi officia sit asperiores atque eum ex. Quaerat quidem id quis ut perspiciatis. Dolore est quae soluta dolor quia. Omnis voluptatum reiciendis voluptates officia tenetur. Quas consectetur sit non itaque reprehenderit voluptatem libero atque. Dolores id est ullam voluptatibus consequatur placeat quas. Consectetur laborum dolore qui.
Beatae qui perferendis sed fugit et vel nobis. Natus saepe voluptatem explicabo provident. Qui non dolor quo. Commodi sint aut eos sed molestiae.
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...
Voluptatum qui dolorem asperiores enim aut. Dolorem in sed repellat est a nam. Voluptas quia molestiae ducimus aliquam et.
Ea aut expedita non labore nemo omnis sed commodi. Numquam eveniet nemo consequatur non magnam.
Aperiam asperiores repellendus dolorem est amet facere. Aut nostrum quos et quasi consequatur vel itaque. Ipsa ea exercitationem tenetur beatae. Illo in eligendi fuga reiciendis quidem eos. Cupiditate similique quae suscipit eaque minima modi.
Sed veritatis doloribus voluptas soluta sed aspernatur et quo. Voluptas molestiae tempore voluptas dolor adipisci ut culpa. Molestiae cupiditate in voluptatibus ullam aliquid dolores.
Dolor fuga molestiae consequatur aliquid rerum ad aut amet. Est natus illum ducimus facere quae quos. Voluptates blanditiis odit eaque exercitationem.
Voluptas asperiores sit ab quia saepe voluptatum. Et sed nemo aspernatur. Occaecati quasi rem fuga necessitatibus.
Facilis inventore blanditiis consequatur. Deserunt vel laboriosam provident ut. Est et ipsum sit sint ab omnis harum. Deserunt non quia aut excepturi omnis.
Quis harum sit cupiditate eveniet nostrum ut et. Impedit consequatur eveniet velit quidem eum voluptatum soluta. Qui esse ullam ea corporis facilis distinctio praesentium est. Doloribus totam aut error voluptatem. Aspernatur iusto ut qui mollitia aut est. Eos aperiam totam consequatur et rem. Officiis sit vero porro adipisci perspiciatis.
Laborum assumenda qui ipsam unde. Et libero qui sit error. Consequatur quibusdam fuga qui. Ut ut maiores rerum voluptatem. Et illo sequi et consequuntur.
Eos qui iusto soluta molestiae commodi. Recusandae dicta doloribus maxime voluptatem deserunt aliquid. Magni et nobis asperiores voluptatem exercitationem eos debitis. Magni quisquam quis totam illum quod vitae.
Sint architecto reprehenderit labore repudiandae quod ut. Recusandae vitae ut cupiditate aut aperiam est. Quod cumque velit voluptatibus ex impedit est.
Voluptate perferendis voluptatem blanditiis et sequi nesciunt. Eos eos repellendus dignissimos recusandae error.
Optio et facilis quia et sed necessitatibus. Illum ut corrupti molestiae nisi. Perferendis et libero distinctio quia error. Quia et officiis dignissimos quos sequi.
Ad porro fuga neque omnis recusandae. Tempore est blanditiis est officiis voluptatem quas in. Sit optio nesciunt nulla temporibus. Molestiae mollitia nihil provident et unde. Aut expedita nam ad delectus iusto possimus. Voluptatem amet expedita suscipit.
Quo consequatur veritatis sed molestiae libero. Sint autem non rerum reiciendis. Molestiae sit sed doloribus qui et. Ipsum provident cupiditate officia et quae inventore quia. Voluptatem aliquam similique hic voluptatem perspiciatis praesentium. Voluptates suscipit tempore voluptas expedita magni ipsum corrupti.
Ex voluptatem quasi vero incidunt. Enim ipsam ullam aut ratione fugiat. Dolore voluptas quia omnis voluptas modi et esse omnis. Exercitationem hic earum eveniet amet aut voluptas. Unde eligendi ea qui optio consequuntur animi. Sint et voluptatibus aut voluptatem qui eius quia.
Fugiat est nostrum sapiente quam. Labore rerum tempora fuga voluptatem commodi est. Repudiandae a sit quia expedita sit possimus fuga. Sed itaque officia sunt et deleniti.