18 Comments
 

If you want IB long term then I would take PWP, but otherwise Citi if you are just thinking of doing a 2 year program.

"Try and fail, but don't fail to try"
 

I second this. PWP is up-and-coming and a strong shop but not an elite boutique in the sense that they're top 15 in league tables and able to place well into the buyside. UBS is improving but still risky.

Plus, if you can get an offer from Citi (as I know they have a very high SA->FT conversion rate), you can leverage that to even better places (if that's what you want to do). I know people who have done Citi SA then gotten offers from Evercore, MS, GS, and etc.

 
TheBlueCheese

I second this. PWP is up-and-coming and a strong shop but not an elite boutique in the sense that they're top 15 in league tables and able to place well into the buyside. UBS is improving but still risky.

Plus, if you can get an offer from Citi (as I know they have a very high SA->FT conversion rate), you can leverage that to even better places (if that's what you want to do). I know people who have done Citi SA then gotten offers from Evercore, MS, GS, and etc.

Haven't worked at either bank, but:

Citi is a weak BB that's been in decline for the last few years. It has no advantage over PWP, whether you're talking compensation, buy-side exits (they've got former analysts currently at New Mountain, Fortress, Leonard Green...) corporate culture, whatever. And if you want to leverage your offer, PWP has the superior brand.

 

PWP

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 

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