JP CADP vs Citi CB
Hi all.
I recently received Summer Analyst offers for the following programs in London next year.
J.P. Morgan
Corporate Analyst Development Program
Citi Bank
Commercial Banking
I wanted to get some insight on which program would lead to a better career in banking in terms of comp, exit ops and the more stimulating day to day.
My initial thoughts is that CB at Citi could offer better exit options and progression as well as a more intriguing day to day as opposed to an operations/internal consulting role at JP.
Although JP is inevitably the better name and Citi Commercial Banking in London is a small team at the moment looking to grow (circa 200).
The return offer role for both roles is a 2 year grad program. Citi‘s is FO in credit analysis, RM and product groups while JP’s is BO rotating through operations teams supporting different functions of the bank.
Thanks. Any comments are appreciated.
Do you want to be in back office or “front office”
I'd like to be paid more after a good few years of working there.
Transferable skills and good exit ops are the priority really. I'm guessing citi is the move.
I would think, since Citi is a B/S bank, that Commercial Banking would be much more interesting than the JPM role, which, really, you could do at any bank or corporate.
I know someone who actually did CCB at Citi during their Summer. They were in Cash Management, and this is really where Citi excels. There's not really anyone that comes close to Citi in the transactional banking space, and whilst CCB is not that and is more broad, in terms of an exit (if you don't want to stay in CCB) could be to go into Transaction Banking/TTS at Citi. Very interesting, I would think - plus their grad rotational programme includes a mandatory rotation abroad (I know someone who did theirs in Dubai).
I hope this helps! :)
This is very interesting, thank you for your insight! Great help.
These are two very different roles. CADP is not a client facing role, and is more focused on developing and improving JP Morgan’s internal systems and processes.
Meanwhile Citi’s CB role will put you in front of commercial banking clients (50MM-2Bn gross annual revenue) and relationship managers.
Ultimately it depends on where your interests lie. I just left WF’s Commercial Banking Analyst program for a coverage position on the corporate and investment banking side. That should give you an idea of exits available to you. I can go more into detail on commercial banking if you’d like to Dm
Did you stay at Wells Fargo or did you move to a different bank for CIB?
Take the Citi appointment
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