Will Citi's recent layoffs affect SA to FT conversion rates for the summer of 2024, regarding the IB/Markets programs? I heard there will be layoffs through 2026 wondering if I should be worried.
| +247 | Who Killed Wall Street | 71 | 28m |
| +223 | UBS Healthcare | 44 | 8m |
| +198 | Worlds Worst MDs Competition (2026 Edition) | 46 | 9h |
| +187 | Only Indians cold emailing | 53 | 2h |
| +125 | Lindsay Clancy - Thoughts from A2 | 22 | 4d |
| +58 | More diversity needed in the industry | 11 | 1d |
| +53 | Shana tova - happy new year | 9 | 11h |
| +51 | Did My Team Set Me Up to Miss VP? | 24 | 15h |
| +48 | NYC Wall Street Run Club | 13 | 1d |
| +45 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 23 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
NOBODY KNOWS
I don't know where you saw that there will be layoffs through 2026, but that's not correct.
No, layoffs won't affect SA to FT conversion rates.
they just announced it today..
Oh, I see it now. My mistake.
Admittedly the return offer rates in some groups were lower this year specifically related to this, so would expect so. That said, they’re typically still pretty high
Citi's return offer rate is a big marketing thing for them to future interns, doubt they will make any major cuts. The 2024 interns were also hired recently enough that the market was down, so class sizes are likely already a good bit smaller.
I read these job cuts are more for the consumer side of banking, so not IB specifically. Don’t think there are any direct effects for IB or conversion rates.
Wasn’t their return offer rate like 60% in some groups?
Think offer rates expected to be lower
Eos minima quaerat repellat labore. At quia in dolores in quos impedit quia assumenda. Magnam atque optio quidem recusandae doloribus. Iste quas molestias sed sint et harum nihil. Voluptatem voluptate est natus impedit cupiditate minima. Explicabo nemo ut qui est. Porro voluptate dolorem qui laborum exercitationem error error sint.
Magnam quia explicabo voluptas. Laboriosam labore vitae atque et. Maxime quia qui repudiandae sed tempore sapiente. Itaque non doloremque culpa delectus aut fuga cumque.
Ut eos non maiores et ut ea quis. Est fuga quia quia explicabo aut.
Dicta placeat sunt dignissimos autem quidem. Rerum non maxime et enim at nostrum assumenda. Nisi et a consequuntur molestias magni illum. Tempore nemo quae adipisci rem ducimus. Distinctio et nihil architecto nam temporibus. Molestiae hic fugit et dolores veritatis. Qui incidunt quisquam beatae iusto dicta qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...