Citi - Culture of Groups
Some outdated info on here regarding the culture of groups at Citi given the wide range, but curious to hear if anyone with info could share what they know
Edit: NYC
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FIG is a sweatshop
Comms is also a sweatshop
Have heard LatAm is not great in terms of hours or culture
Industrials also awful
Safe to say the culture in general seems promising
heard industrials is good excl. chemicals? also at citi
I hear this a lot but is this first-hand?
This is first-hand. I spent 1.5 years working on the same floor as them.
i get that vibe too, any particular reason?
Tech out of SF is very sweaty. Staffers placing analysts on more deals simply because they think they’re getting too much sleep. Absolutely horrible.
Any other info you can provide on sf tech? Dealflow, exits, more color on culture, etc.
Semiconductors - Citi has a balance sheet, so it gets mandates, just not that many M&A mandates. Sweaty because they try too hard to win M&A mandates
Software - Probably the most technically savvy people in SF, but they are particularly political vertical and don't win lead/active roles frequently (pretty bake-off decks tho)
Internet - Positive trajectory since poaching senior talent from GS and Barclays, but these people are impossibly demanding. Mid-layer isn't efficient
Overall - Mid-level seems to do a poor job of protecting juniors from seniors, but on the "bright side", there's a lot more deal flow than a couple of years ago
Exits? JMI Equity, Vector, FTV, but most frequently better banks and going into tech
I actually heard that SF tech isn’t as sweaty as you are describing. Sounds pretty typical of BB experience. Source - know someone that works there. Where is your info from
The fuck lmao this is 100% not true. What is true is that deal flow in the tech office has picked up significantly (I'm sure the same can be said across a lot of tech groups) and they are understaffed, so there tends to be a lot of work going around, which the staffers and upper management are very cognizant of. You can look to see that they are hiring both experienced analysts and associates to try to fill the gap.
Source: I work in a product group at Citi and work with the tech team frequently.
Agree with this - that being said, I am certainly afraid to log off too early. Pre-COVID when I was getting to know the group, I had an associate tell me that he could occasionally make it home for dinner with the significant other at 8 or 9PM. Definitely not true now; had several experienced associates and VPs tell me that they are busier than they have ever been in 5+ years. The hours have been brutal at times; it can be hit or miss but a lot of people are being hit hard. That's a function of the market more than the group, but it is a group that is trying to expand - which often means doing a lot of work to try to get your foot in the door. We have even delivered work products completely unsolicited.
With WFH and the group being so busy, some things have been a mess. Had a number of fire drills that I felt were completely avoidable. But talking to juniors at other tech groups, none of this seems particularly bad. Tech groups as a whole are just at capacity with everything that's going on. Couldn't comment on what things look like in a normal world.
Any info on Consumer / Retail?
How are their capital markets groups? Any specific one which is good in culture?
pretty good across the board
Hey could you please private message me? Looking to get some more info on their Capital Markets groups. Thanks!
Interested to know as well!
TMT, FIG, Sponsors are all sweat af.
The others are semi-sweat.
Based in Europe.
Is sweat = lots of pitches?
How bad is TMT? Does it have a good culture?
Is it pitches that make it sweaty or is it more deal-flow related?
Can anyone provide detail into specific culture
Citi sounds terrible
Not sure what’s up with the FIG hate. Citi FIG culture is pretty in line with the rest of Citi. They get limited live deals, which can lead to chill days or can lead to lots of work which will never be looked at but was invented by MDs / Directors because the junior team doesn’t look busy enough.
Are you in banks?
Insurance = Average/sweaty, okay deal flow
Banks = Pretty chill, limited live deals
FinTech = Super sweaty, decent deal flow
Would you say the insurance/AM vertical is their strongest?
any words on exits for this group?
hows group culture/exit since Covid?
is the FIG group open to recruiting ?
It appears Citi may in fact be a bit sweaty.
Sounds like City is one of the best BB to work for. Folks, where can I apply?
May 28th is a holiday!
Rather than continue to bash Citi, which I do enjoy doing, here are my impressions of some other groups.
Real Estate = good culture, average hours, best exits opps (but RE-only), good deal flow
Industrials = variable culture (it's a big group, which silos out early, so every silo is different), okay/sweaty hours, solid exit opps, solid deal flow (almost universally)
Consumer & Retail (they were combined) = okay culture, okay hours, okay exit opps, pretty meh deal flow (mostly financing iirc)
C&R did LVMH/Tiffany, Peloton/Precor and Moncler/Stone Island recently, not bad scalps
Can comment on the RE group. Good exits yes, current analyst class placed well in mostly MM/UMM PE. Culture is overall sweaty though, albeit fratty with solid comradery. Group head is an explosive warlord at times - known for berating analyst, assocs, and VPs alike.
hows FIG for Citi?
hows fig?
Anyone got any insight into the LatAm IB group? Culture/hours/exits
Crazy rough hours, decent exits
Echo the above, heard the hours are really bad- consistently working past 1-2am often
anyone has any idea the laptop vs desktop wfh setup at Citi?
Citi uses a virtual desktop (VMware). People use their personal laptops/desktops.
cool thanks. assume if you go back to office, is it a laptop with docking or just company desktop?
How’s healthcare? Hasn’t been mentioned here
Bump on this
Bump on this thread in general. Anyone got any other insight on the different groups?
...
FIG?
delete
Have a buddy who did energy / og in Houston. Sounds like a solid place. Good guy. Now is doing similiar stuff for BX
Any insights on tech London?
Anyone know about the culture at Citi Industrials? Believe they're split b/w New York and Chicago - any insight into these offices would be great, esp Chicago (considering a lateral associate move in the group and open to offices, but thinking about lowering my cost of living)
What are the best groups? Can we get an update
Was in their Lev Fin group for couple years. Good culture. Busy season it gets really busy. Overall, really great group of folks. The VP started off out of Georgetown as an associate is the quickest promotion I have seen in my career.
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