Citi Global Head of IB: “We Will Hire 75% of Interns”
Saw this on LinkedIn earlier. Seems to be at odds with everyone interpreting previous statements as guaranteeing a job for everyone.
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Out of context. They auto full time offers only applies to main offices
Sorry, image didn't upload for some reason. Added context for reference.
Really this means one of two things: 1. As you said, it is misleading because main offices still get 100%. This would however imply close to 0% return offers for non-main offices. 2. Everyone misinterpreted their previous statements.
Just really to communicate for what I heard on the clip, he said will guarantee 75% interns a job offer in major hubs, while others are still eligible. So I think the media headline is somehow misleading to say they will hire 75% only.
Saw that too — guess he’s not expecting 25% of us to meet “minimum requirements”.
Also the possibility that b/c FT offers were only extended to the core offices that people in other offices get auto axed, or very few of them will get FT offers coupled with the ~5% of people in major offices that don’t meet the minimum requirements.
Do you happen to know which offices weren't included in the auto FT offers in the USA? Wasnt it like Houston and San Fran?
SF and Houston were included (not sure about Chicago)
Source: Citi IBD recruiter
Also saw that on Citi's official Twitter page. Seems real to me.
I listened up the whole conversation and he said 75% presents % interns at major hubs and those are guaranteed an offer.
I definitely think that graphic is a bit misleading. On the call, he said that we are extending FT offers to all of our interns in the hubs (NYC, London, Tokyo, Singapore, and Hong Kong -- the ones he named) unless they don't show up. My guess is those cities constitute ~75% of Citi's total intern class hence the graphic. He then went on to say people in other markets/ geographies would still have a chance for FT offers, and they are hoping to be able to extend them in other markets (not guaranteed though).
Yes^ he never even said 75% lol, it was the news channel. Also, he said that the other offices will give all interns the chance at FT and that they hope to hire mose
https://www.institutionalinvestor.com/article/b1l3yy6th7m7v9/Citigroup-…
yea it's still guaranteed in those major hubs (which the media has quoted to be 75% of all interns). nothing new here people need to chill a little
But intents can’t physically show up in those cities. Looks like an auto ding is around the corner.
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