Best groups in Citi CMO?
Hi all,
Anybody out there have some insight into the different groups for Citi Capital Markets Origination? I've read on this site and other about LevFin and DCM/ECM being better options in terms of breadth of knowledge and exit opps, but honestly can't find more detailed info than that.
Someone I spoke to recently mentioned some groups are more modeling intensive than others - seems odd given that everything else I've heard indicates that CMO in general doesn't do much modeling, if any.
Wondering if anyone has some more insight here - do any groups model in CMO? What are some high level differences between groups in the context of long-term career thinking and/or exit opps?
Thanks.
There are a couple of groups that do model extensively and exit to PE as investment associates, including a couple of recent MF exits, but that is constrained to certain niches – LevFin doesn't model
I have a few more questions if you have the time and candor to answer.
Would you be willing to give some examples of groups that model?
And to be clear, the folks that exit to a MF or PE exclusively come from groups that model?
What kind of exit opps do folks from non-modeling groups have? Say LevFin for example, being known as a strong group but without modeling... what else do people end up doing after a few years (if not staying on board)?
Credit Ops (Citi's SSG) and Structured Finance model and exit well to all kinds of PE, although most commonly infra/energy. AEF also models but tax equity is very niche and when they exit its almost always to funds with a renewables focus.
Groups like LevFin, RX, and DCM that don't model but still give a strong credit background often exit to good credit funds, but it's rare to see a MM+ PE exit, less so in LevFin obviously. Often people lateral to other banks or coverage and that's what I did. Not sure what exits are open to ECM apart from investor relations/buyside capital markets/corp dev
how long did you wait in the analyst program before jumping ship?
I finished my two years and was offered A2A but decided to lateral
Is it somewhat difficult to lateral considering there's no modeling for most groups in CMO? Curious about that transition.
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