Citi FIG-> Citi Tech
Hello all,
I'll be an intern at Citi FIG this summer, really excited but very interested in tech... how do I go about trying to switch groups at the end of summer?
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bump
given tech deal flow right now, shouldn't be too hard
appreciate that thanks!
sorry one more thing? How do I go about this like how do I make sure FIG does not find out?
Most of Citi Tech dealflow comes from SF rather than NY from my understanding
Others please chime in if I'm completely wrong here, but NYC office much stronger in Media/Comms, Industrials, etc.
I would delete this thread ASAP or at least make the name of the firm anonymous for your own sake
I'd recommend trying to work on more Fintech stuff during summer (done by FIG at this bank). This would help make your case for switching teams at the end
Former Citi NY Tech.
Tech switched to a vertical model (aka near immediate silo-ing), so there really isn’t as much of a East Coast vs. West Coast deal issue any more. Deal flow has gotten better over time, but I’ve heard it has been mostly SPACs lately.
FIG and Tech used to interact a lot, because of the FinTech Group and still do to a lesser extent today. Cross-group staffings for software, tech services, and internet with FIG were not uncommon. I’d imagine hiding it from FIG would fairly challenging.
Tbh FinTech has much better buy-side placement than Tech, so I’d also consider that.
is Citi Tech NY buyside placement not good?
i know the Citi FIG team kinda well and it didn't come across that their fintech vertical had strong exits
In the last 4 years, Citi Tech NY has had one UMM exit and placed zero MF associates. Analysts either lateral, go MM PE, VC (hasn't been "brand name"), or corporate. You see some better exits in Citi Tech SF, but that's a separate conversation.
I think that sentiment within FIG will change this year. FinTech actually supports buy-side recruiting with the VPs and MDs helping out as long as you're good.
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