Citi Group Placement Rankings
Hey guys, I was wondering what the word on the street is for Citi's groups?
I was really interested in Media & Telecom, but I heard from outside that the group is toxic towards people that do media and is a competitive sweatshop where people don't go out much other than a few social first years who try to carry the culture through other groups.
I was wondering what you guys think of the rest of Citi's groups, and what is the standing of their industrials, M&A, healthcare, tech, and sponsors teams/culture.
I really want to have a fun time during my two years with mentorship, so any feedback is awesome.
Everyone says sponsors/transpo in Industrials has the most fun. I’ve heard that Media and Telecom is definitely more focused on Telecom I would say go where you have the most college connections because sometimes a senior can protect you and YOU can be the one to bring good culture if you have a close, non-competitive class. Industrials, Sponsors, Healthcare, and C&R all have great pockets of culture though I have heard. Avoid Comms and Power tho unless things change.
TLDR: college connections are important and Comms used to be work hard play hard but now just work hard. Best deals this year were C&R as well, so they should be flagged
Can confirm Transportation has some of the best people you will ever meet. Genuinely good people
C&R also has some great people. The co-head of NAM consumer from Barclays is also one of the nicest and funniest guys you’ll ever meet (and a very big swinger)
Note: I’m in neither group
Heard similar things about Comms being competitive and grindy, I think I was told to reach out to that first-year from people in other groups..... lol might show him this post. C&R definitely interesting to look at for me.
I was told to talk to him too, the sophomore legend guy right?
Del
Del
Out of curiosity, why avoid power?
Bump, want to hear more thoughts
What I've gathered:
Does Citi M&A/Sponsors provide solid exits to PE? Does it send people to MF or UMM?
Know one that went to Carlyle last year from M&A, definitely better shot than any other group
Citi sponsors (FEG) and M&A have historically done well with PE placement, but lots of other groups do fine as well.
bump
Power is a sweatshop (multiple people try to switch after summer), comms is toxic af
bump
Any color on capital markets or product groups?
LevFin is well respected and has good exits
ABS group and Project finance group have both been good historically in terms of exits. Project finance group is the most similar to a normal M&A banking role (hours not great), but exits are very solid
Not sure how good ABS is doing now that some key people have left
Number 1 CLO arranger since 2010. Nowadays not as dominant - probably anywhere from 1-3 depending on who you ask. But great deal flow and exits.
Curious if bonuses are different by group? For example from Citi threads it seems like M&A/Industrials/Comms/P&U are all very busy but also mostly busy on deal work vs pitching. While a group like Healthcare is pretty weak and also not as busy. So do the top bucket guys in M&A get higher bonuses than top bucket in Healthcare/FSG or is it all the same?
Heard at the analyst level it is essentially the same, matters more the higher you move up
Yeah - at Analyst level bonuses are not group dependent and done on an analyst (total) level, doesn’t matter in the slightest what team you’re in.
How’s the tech team?
Tech is verticalized so differs heavily by which vertical you get placed into.
Software team especially in SF is really strong deal flow wise. Best analyst exits (Silver Lake, Permira, Elliott Mgmt, Thoma Bravo, etc.) from the tech group are all from the software team. However they are extremely understaffed at the analyst level so it's a huge sweatshop.
Other groups (semiconductor, internet, IT services) are much weaker relatively speaking, at least in terms of announced deals and analyst exits. Have heard great things about the culture on the semiconductor and internet teams however.
Would be very curious to see a side by side comparison of deal flow over the past year between these sub-groups.
semis also sweats
Here are the announced US M&A deals by vertical over the past year, for Citi tech:
Semiconductor:
Software:
IT Services:
Internet:
[No Internet M&A for the past year?? Correct me if I'm wrong]
Wow thanks for the list, confirms that their software team has been really busy. Looks like most if not all of these software deals are probably led by the SF team, and they have what, like 3 analysts? There's a fine line between running lean and being vastly understaffed.
M&A, Power, Industrials
Sponsors (now called AAG, formerly GAM) dont hire juniors anymore. Most of the juniors joined M&A
Hey is sponsors no longer having interns? / would you not recommend and think their return rate would be lower? Thanks
This is false. 1) Sponsors group currently goes by Global Asset Managers (“GAM”) 2) Every group participating in placement is looking for summer analysts and GAM is no exception. GAM is an execution-focused sponsor group so there certainly are new juniors joining each year. Return rates have also been strong historically.
If you’re interested in any of the aforementioned groups on this thread, I would recommend you reach out directly.
Sponsors is called "GAM" not AAG, which is its old name from years ago. I've also never heard of a junior in GAM leaving for another Citi group, especially not for M&A...
Its in GAM EMEA. All juniors left
How do the top groups ( what I gather seem to be M&A, industrials, Sponsors) choose who gets placed into which groups? And any advice on how to get into top ones?
Connect and find mentors in the group who will vouch for you.
Source: in one of those groups
This is the way
Source: someone who is joining one of these groups
What’s the case like in London? Assume culture is of very different in each of the teams - but perhaps strength of coverage carries over a little to London?
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