Best Groups at Citi IB
What are the best groups at Citi for IB? Placement is down the line and I want to know what I should shoot for or expect? Thank you!
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What are your goals? Buyside? Citi M&A is very good.
M&A, M&T, RE, P&U
Industrials is good from a league table perspective but there's so many analysts your experience gets diluted quite a bit, and exits haven't been that good recently
What’s MT?
media & telecom
citi tech is pretty bad considering its a BB, weak in M&A and even weaker in ECM
could you elaborate more on how the experience gets diluted?
M&a if you’re looking for exits
Is Citi M&A the move? Why is it the best for buy side ?
For energy, Citi - Houston is probably the best BB. Steve Trauber is a baller.
seconded
In terms of capital markets, their debt capital markets team (DCM) is pretty strong, not sure about IB though probably what everyone else is saying with their M&A team.
Yeah Citi DCM is good but I still have no idea what analysts do on a day-to-day apart from stare at Bloomberg and I’ve been in Capital Markets for over a year now.
The Securitized / Structured Products groups at Citi are really good.
At the analyst level you are responsible for doing all of the “bitch work” of pitches and pricing. Associate is where the job gets interesting as you are still earning IB level comp, working 50-65 hours a week and not doing redundant work like an analyst and you get to face clients way more often with much more responsibility. Again you probably know about all of this more than me since all my info is from networking and from WSO and M&I. DCM is a path where your job will be relatively boring (although debatable since it is a fast paced environment and market based) at the analyst level but once you finally move up, you will be working 40-65 hours a week depending on your position and your job will be very client interaction heavy if that makes sense. Although, you shouldn’t go into DCM because it is relatively easier than coverage due to hours, but only if you are very interested in the debt market and see yourself enjoying a long term career in it. DCM is known to pigeonhole you from traditional IB exits so you have to choose carefully. Again you are already in the industry so you probably know all of this but I thought I would still share what I have learned as I have done a fair amount research into it. Please let me know your thoughts about the industry so far as I am very curious to hear your opinion.
How's Citi FIG? Currently going through MBA Associate recruiting, so inquiring from the Associate perspective
The culture is supposed to be pretty bad, with some sharp elbows. They do their own modeling though.
Appreciate that - thanks! Yeah the fact that they do the modeling in-house def helps
What FIG banking group doesn’t do their own modeling lol? They are the group that um...models financial institutions, inside of a financial institution.
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