Citigroup Chicago

I've visited their office before for an informal presentation; they seemed like nice guys.

They claimed to fully execute out of Chicago; I have no idea how much truth there is to that though. it seems that all the BB's in Chicago make the same claim.

not yet

i dont think Citi has a ibd arm in chicago, thats what ive heard.

how large is the office? like any specific industries that they are concentrating?

should be this wk

Citi does have an IB office in Chicago. I've heard some pretty horrible stories about the culture of the IBD there. Just a horrible sweatshop from my understanding.

Don't know about the culture, but they definitely have an IBD presence in Chicago. They have a beautiful building, too. I do know that exit ops to MM PE in Chicago are very good.

Is this for Full Time?

not sure how large the office was

For the most part, it seems that IBs in Chicago focus on industrials and consumer.

did you get an offer from them for summer?

Full time.

Also are you guys referring to analyst or associates?

30 bankers

A lot of bad info here. There is IBD as well as S&T. They're still in the Sears tower. Co-head of metals & mining sits in that office as well. Wouldn't underestimate this group as they've sent kids to TPG before. Not a bad office and quite collegial in culture as well. Also, quite a few hot chicks in the office, so another plus (source: I have friends in that office and have interviewed there a few years back).

VanBuren, MM PE shops like GTCR and MDP? LookingForHelp, so Citi only has an Industrial group in Chicago?

Any other insight? Thanks.

I know Citi Chicago covers FIG, not sure if they cover any other industries

Did you already have superday or are you referring to invites for superday?

Some of the information here is just horrible, makes me think WSO if going down the drain. If you dont know anything just dont post.

Have a close friend at Citi Chicago. Their Global Industrials group executes out of there which includes automotive. Head of Metals and Mining sits there too. Its not a sweatshop but they work long houts (wow who would have guessed?) Know personally kids who have gone to TPG, THL, etc.

most of my friends have offers already from BB's in chicago

Invites for superday.

They're in the Sears/Willis Tower? I figure they'd be in the Citigroup Center, which is the "beautiful building" I was referring to. Apologize for that misinformation.

TheHungryOne,

Yes, Citi Chicago Analysts have gone on to MDP and GTCR before. If I remember correctly, each has an Associate from that office currently. That doesn't mean you'll have a good chance at those shops coming from there, however. They also have people @ Thoma Bravo, Lake Capital, Wind Point Partners, Code Hen, Frontenac, etc. etc.

My knowledge of them is limited to their presence in Chicago PE. I'd take note of what LookingForHelp and DashaandSafin have said, as they both appear to know of Analysts moving on to megafunds.

one of my banks MDs came out of Citi via UChi MBA

Haven't heard yet

They're not in the Citigroup Center because that's classified as "Class 2" space or something...forget the exact term, but it is kind of funny.

the only BB banks that fully-execute out of Chicago and independently from NYC are UBS/CS. GS does as well for most deals. All the other BBs are satellite offices.

^Same here. However my friend said that it was tiring because of all the roadshows and deals that they were on. Better to be busy on a deal then to work on a pitch all the time.

most chicago banks are rounding up recruiting and most offers have been given out.

I know for sure that CS has their industrials group in Chicago, but it is no longer the prevalent one. 70% of the deals done now are done by Business Services and Financial Services groups.

CS industrials is still strong in Chicago.

One of the seniors at the office whom I've been in contact with.

Back to the original post, this is what I know about Citigroup Chicago:

That office specifically covers two "silos" out of the whole Citigroup Industrials group: metals & mining and auto. Beyond that I think there are a couple other areas that get some work, but that's more a function of individual relationships. Didn’t know about FIG before someone’s post earlier.

Their office is way up in the Sears Tower, and the people there seem like good guys. Analysts work similar hours compared to NY (maybe slightly less), and my understanding is that the deal flow there is pretty good, although I have no way to validate the level of execution- every Chicago office will claim to function autonomously.