CS vs Citi?
Anybody know how the culture is different between CS and Citi? More/less inclusive? Benefits, pay, etc? Does management (behavior) differ significantly? Bonus structure differences? I'm currently at CS, and thinking of going to Citi. Thanks
Depends on group and location. Generally CS has a stronger brand.
Questions: What is the culture at CS right now? Is there a specific reason you want to leave?
IB or S&T? If S&T, there's not doubt Citi is better on multiple fronts, especially if you're looking into FX or structured credit. If IB, Citi M&A group is awesome, but CS might have better brand recognition.
jv2324 and bankingbananas: I work in IB, a generalist tho I mainly work in Energy. CS culture are good, benefits are great, fair management, fair hours, good refreshments, can be cliquish at times but not bad. Pay isn't bad, but I've heard CS can be "cheap" so I'm not sure if it's in line with other banks.
Also I'm in Houston.
Advice appreciated: Associate @ Citi vs. CS (Originally Posted: 02/23/2010)
Sorry for another "comparison" post, but I'm thinking so much about it that I cannot think clearly anymore.
Could you please share your opinion on Associate (post MBA) job with Citi vs. Credit Suisse? Let's assume same group at both banks: M&A.
I am trying to evaluate the banks through the following criteria:
1: exit options (to MM PE fund or similar)
2: perceived prestige (in the US)
3: pay
4: learning prospects (deal flow, promotions)
5: future (bank's growth, stability, prospects)
Which one would you take?
Would greatly appreciate your advice. Many thanks in advance!
easy, CS - doin much better than citi
I love how this changes every day. Weren't you working FT at BAML?
Also, Citi's recent thing about it being allowed to withhold withdrawal requests for 7 days scares me about the safety of the bank. While I have a feeling that more people know of Citi, a lot of people know that its doing poorly. It seems the CS situation has gotten better, but Citi does not seem to be doing much better. I honestly think that there is a good chance Citi will be broken up.
http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-…
1 in both banks is probably unlikely and probably not a good metric for comparison purposes. As a post-MBA associate, it's not really about your exit options; it's your career at that point. Getting into a PE shop post-MBA is very difficult unless you have pre-MBA PE experience.
CS is obviously doing much better, but since you would be on a long-term track, fit (as well as suction with senior people) should be the most important consideration.
Thanks you guys for so far opinions!
Citi. vs. CS (Originally Posted: 09/29/2009)
Offer from both. Citi's dealflow is better, does that mean I should go with Citi? Does that automatically mean Citi's got better exit opps? I like the people at both banks.
CS First Boston?
"Cowards die a thousand deaths, but the brave only one," Bill Shakespeare
I don't get the joke, someone explain?
That name was dropped 4-5 year ago. Can't wait till he comes bakc giving advice on where to go.
Absolute no brainer to go with CS here, even better if you can get in their sponsors group.
^^ LOL
Is this a serious question? Citi is an absolute disgrace to the financial community. Serious lack of risk management and now largely government controlled. Meanwhile, CS has been able to control risk and has excellent deal flow. CS is absolutely a better choice than Citi.
What is the connection between Citi's risk management and IBD?
I really don't think that's true. CS, Citi, DB, Barclays are all the same. There is no real differentiation between them unless you have specific groups in mind. Citi is a great place to work as is CS. Investment banking is just one part of Citi and that division is doing quite well. Yeah some MD's are scared about bonuses but junior level bonuses at BBs will always be competitive with the street. Honestly, look how big Citi is globally, they are doing well in the US league tables and you should be part of deals at either firm.
At this point I would be looking at culture. From what I can tell I personally prefer Citi. Deal experience is everything when it comes to recruiting for PE which happens about 8-10 months into your first year. As long as you are a top analyst you should get staffed on the good ones that come your groups way. Go by culture, people forget how important that factor is on these forums.
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