Does anyone have experience with Citi’s Boston office (Investment Banking)? I know they have a strong focus on software/tech deals, but that’s about it. Any insight on team culture, group size, deal exposure, or even how interviews have gone in past cycles? Really appreciate any thoughts
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Based on the most helpful WSO content, Citi's Boston office is not widely discussed in terms of its Investment Banking presence. Historically, Boston offices for many banks tend to focus on specific sectors like healthcare or tech, and Citi's focus on software/tech deals aligns with this trend. However, Citi's Boston IBD presence is relatively niche compared to its larger offices in New York or other major hubs.
Here are some insights to consider:
Team Culture & Group Size: Citi's Boston office likely operates with a smaller team compared to its NYC counterpart. Smaller teams often mean closer collaboration and more exposure to senior bankers, but it can also lead to a more intense workload due to limited resources.
Deal Exposure: If the focus is indeed on software/tech, you can expect to work on mid-market to upper mid-market deals, as Boston is a hub for tech startups and growth-stage companies. This could provide solid deal experience in a growing sector.
Interviews: Interviews for regional offices like Boston often emphasize fit and sector knowledge. Be prepared to discuss your interest in tech/software and why you prefer a regional office over a larger hub like NYC. Technical questions will still be rigorous, but cultural fit might weigh more heavily.
Exit Opportunities: While Citi has strong placement into private equity from its NYC office, regional offices like Boston might have fewer direct PE exits. However, the tech/software focus could open doors to VC or growth equity roles.
If you're targeting this office, networking with current or former employees is crucial to gain deeper insights into the team and culture. Good luck!
Sources: PJT Boston Office, TMT Investment Banking (NYC) BB, Citi Tech IB - Most Underrated Group in SF?, Citi SF Tech Team and Other Crazy Growth, Changing face of Investment Banks
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Heard amazing things about the group, would def take it
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