It depends on the bank- searching google, it looks like it's in Citi's IBD group?
Even if it's not in a bank's investment banking division, the job functions a lot like IBD. At Lehman, it was part of Markets (Research and Trading), the origination folks sat in a walled-off area on the trading floor, and the hours were ever so slightly more merciful than IBD groups.
But you will probably be able to get a better answer from someone who works at Citi.
just a heads up spoke to someone in LevFinCiti and they don't do modeling-pretty sure this is standard for rest of CMO but not 100% sure (sure about LevFin tho)
Citi separates CMO and IBD. There are separate recruiting processes. Although of course, they're both part of the investment bank and the people who work in CMO would call themselves bankers, since CMO is filled with your product bankers (ECM, DCM). More markets-focused, better hours, and generally the groups don't do much modeling.
Nostrum maiores esse quis ut. Unde alias officiis ipsa vero facilis similique.
Animi harum molestias dicta vero dolor deserunt. Quas repellat neque et minus. Explicabo exercitationem dolor eum. Odit vitae cupiditate qui illum soluta excepturi corrupti magnam. Dolor quia nihil libero. Tempora ipsum eius ipsam et.
Omnis voluptates porro est dolor distinctio delectus. Vel modi id esse adipisci veniam cumque vel. Dolor dolorem aut ea praesentium dolore eaque pariatur.
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)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
It depends on the bank- searching google, it looks like it's in Citi's IBD group?
Even if it's not in a bank's investment banking division, the job functions a lot like IBD. At Lehman, it was part of Markets (Research and Trading), the origination folks sat in a walled-off area on the trading floor, and the hours were ever so slightly more merciful than IBD groups.
But you will probably be able to get a better answer from someone who works at Citi.
Yes. CMO is in IBD.
just a heads up spoke to someone in LevFin Citi and they don't do modeling-pretty sure this is standard for rest of CMO but not 100% sure (sure about LevFin tho)
technically yes, but think of MS/UBS/GS GCM. Having CMO or GCM under "IBD" group gives more leverage for recruiting.
Why does it matter? Just so you can tell people you're an ibanker? smfh
Citi CMO here.
Citi separates CMO and IBD. There are separate recruiting processes. Although of course, they're both part of the investment bank and the people who work in CMO would call themselves bankers, since CMO is filled with your product bankers (ECM, DCM). More markets-focused, better hours, and generally the groups don't do much modeling.
Nostrum maiores esse quis ut. Unde alias officiis ipsa vero facilis similique.
Animi harum molestias dicta vero dolor deserunt. Quas repellat neque et minus. Explicabo exercitationem dolor eum. Odit vitae cupiditate qui illum soluta excepturi corrupti magnam. Dolor quia nihil libero. Tempora ipsum eius ipsam et.
Omnis voluptates porro est dolor distinctio delectus. Vel modi id esse adipisci veniam cumque vel. Dolor dolorem aut ea praesentium dolore eaque pariatur.
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...