JPM vs Citi SA'27
Each program is generalist and in NYC. I've heard some negative things about JPM (increasingly large # of bankers + ban in on-cycle). Would it be bad to take Citi here?
Trending Content - Investment Banking Forum
| +273 | Earliest you can get fired | 58 | 1d |
| +258 | Investment Banking is Divine | 40 | 1d |
| +219 | Another $115bn Mega deal for these banks. Congrats! | 45 | 1d |
| +216 | US 2027 SA IB worried about background check | 53 | 1d |
| +206 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 41 | 2d |
| +206 | Leaked Interview Questions to Recruiting Services | 61 | 2d |
| +138 | Is UBS really that bad? | 39 | 4h |
| +40 | Is Houston SA 28 recruiting already over? | 34 | 22h |
| +27 | FIG Pigeonholes you - is it true? | 8 | 1d |
| +27 | 2026-27 IB Energy Top Banks | 8 | 1d |
Career Resources
Based on the most helpful WSO content, here's what you need to consider:
JPMorgan's Reputation and Concerns: JPMorgan is undoubtedly a top-tier bank with a strong brand name. However, there have been discussions about the increasing size of their analyst classes, which could lead to more competition for return offers. Additionally, JPM's ban on on-cycle recruiting might limit flexibility for those looking to pivot into private equity or other roles post-internship.
Citi's Strengths: Citi has been highlighted positively for its culture, especially in recent years. For example, during the 2020 virtual SA cycle, Citi's approach to auto-offers and intern treatment was praised, which reflects well on their culture. Citi also offers rotational programs full-time, which could provide broader exposure to different desks and opportunities.
International Student Consideration: If you're an international student, Citi is known to sponsor visas for SAs, which could be a critical factor in your decision-making process.
Exit Opportunities: While JPMorgan might have a slight edge in terms of brand recognition and exit opportunities, Citi is still a strong contender, especially if you value culture and a potentially less competitive environment for return offers.
Taking Citi wouldn't be a "bad" choice here, especially if you prioritize culture, rotational opportunities, and sponsorship. However, if the JPM brand and its potential long-term benefits are more appealing to you, it might still be worth considering despite the concerns.
Sources: JPM SA 2020 Goes Virtual, Let the Games Begin | The Daily Peel | 4/17/2023, Citi vs Goldman S&T for SA, Barclays vs. Citi SA?, https://www.wallstreetoasis.com/forum/investment-banking/citibaml-or-gsms-ny-for-ibd-sa-2021?customgpt=1
take jpm good name brand and more optionality in pivoting
what was ur citi process like? specifically how was r1?
Del
Potential hot take here but I’d join Citi. I’m expecting MS lol.
I don’t think it’s a hot take to be honest, the momentum and higher return rates for a SA is at least explorable to consider. A RO at Citi could always join a GS/MS/JPM for FT anyways while racking up that OT.
Quam cupiditate enim quos quo inventore. Sequi atque quod est error impedit. Voluptatem facilis sed recusandae possimus.
Voluptate est nisi assumenda voluptatem. Cum alias necessitatibus modi facere dolor totam. Facilis sed voluptas mollitia dolorum aut exercitationem. Consequatur praesentium et et labore. Officiis rem expedita aliquid et quaerat et quam.
Eos animi minus qui dignissimos inventore aut voluptatem. Laboriosam quod eum autem beatae tempora omnis corrupti. Nesciunt est eum dolore natus reprehenderit beatae. Doloribus ex et autem dolorem veritatis est eos. Consequatur minima reprehenderit ut quis.
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...