Most interesting coverage groups at Citi?
Recently accepted a generalist offer for summer 2021.
What coverage groups seem to do well at Citi, and of those groups, what might provide some of the better experiences in terms of the variety of the deals?
I feel like most people will say "don't go coverage, go M&A", but I'm not sure about that. I want to dig into one of the different industries and get some better all-around
product exposure. I've already heard "just do what you like", but I'm pretty sure that's almost an unfair assumption as most college kids won't know what industry to choose from university studies. Also, not a clue what I want to do post banking if that helps.
industrials
Industrials has the most dealflow and is the biggest, but because of that you're silo'd into verticals (automotive / chemicals / paper & packaging / homebuilding/ diversified / transportation) so your experience is a bit homogenized.
Healthcare is very good too and as an analyst you get to work across silos (pharma / services / medtech) which is great. solid exposure to M&A and across cap structure with a skew towards ECM.
Power is a top group on the street and you have good exposure to conventional + renewable but due to nature of the product your deals will skew towards debt financings (which can also be very interesting + valuable).
Real Estate is also a top group but likewise a bit niche.
LatAm is very strong but culture is whack.
Have heard Citi Tech lags behind the street and analyst experience is meh.
Don't know too much about consumer & retail / media & comms / global asset managers (financial sponsors).
What do you mean by LatAm group having a "whack" culture?
What would be considered top groups (product or coverage) in terms of exit opps?
M&A hands down
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