Why Do You Want to Work at Citigroup?
in an interview what is a good answer for why Citi?
Interview Question: Why Citi?
In any interview or informational phone call - you will likely be asked an equivalent of this question - so it is critical that you have a thought out and practiced answer. To help your answer stand out, you should do extensive research on the firm's website to determine what they consider to be their core values and competitive advantages. In addition to this background research - you should try and speak with members of the firm in the division you're interested in so that you can get a better understanding of the culture of the firm. All of these things should be considered into your answer.
Details about Citigroup Shared by Users
From a business perspective, the global presence, especially in emerging markets is a unique element for Citigroup. Additionally, Citigroup is one of the biggest balance sheet banks in the world (with JPM and BAML) which allows it to offer every service to their clients from advisory to credit lines.
User @flying_nomad", an investment banking associate, explained their answer:
"flying_nomad - Investment Banking Associate"Citigroup is one of the few banks with a truly global presence across all its business lines (IB, corporate & retail banking), like people i've met, large balance sheet, etc.
Example Why Citibank? Answer
I first became interested in Citi when attending an informational session at XYZ school. There I spoke with several alumni from the Citi Markets Group. After connecting with members of the firm at that event, I was connected to speak to more alumni from the firm who spoke extensively about the global nature of the firm and the benefits of the rotational desk program for undergrads entering the firm after college. Recently, I had the chance to come visit the trading floor and shadow traders throughout the day. After that experience, I knew that I wanted to work at Citigroup due to the very collegial nature of the firm in addition to the unique program structure.
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Because it took you guys only $300Bn in taxpayer money for the R/D into the sick retail outlet you guys just opened, whereas it would take other banks double the amount to do something as creative as you guys.
seriously, that is what you would say?
Come on dude, really? Of course not!
Because it has good leadership, because it is undervalued but a great place to work, because it is the most heavily invested in emerging markets, because citigroup has one of the largest most diverse ranges of investment banking expertise.
Pick one of those.
Absolutely under no circumstances say "because they are undervalued" ... Ideally you should talk to some people there and refer to them and explain why you actually want to work there... Emerging market presence is a good answer but then they make expect that you want to work in those markets so be prepared for follow ups...
You can't say "undervalued" obviously, but you can say how it's a growing firm with a lot of upside potential.
It's the most global firm in the world. It's relatively new to IB but is investing heavily in it, and also in the emerging markets.
.
Huge global presence and large emerging market operations. Some of the best M&A, Industrials and TMT on the street and a good culture.
Just say, "I'm always awake with Citi". They'll know you're for real
thanks for all your answers. cam anyone point me in the direction that tells me about how citi is "so" in vested in em? thanks again
half of their revenue comes outside of US
Question for all those who claim Citi has a great culture. On what basis are you saying that? Have any of you ever worked there? Its a good thing to say during the interview but the interviewer will question your knowledge of their culture further. It happened to me and I had to make up something on the spot!
if your hot..dont work here
O god, we went there.
Why Citibank? (Originally Posted: 11/19/2015)
haven't you seen the best slide show about Citi yet?
Post what u have and we can help craft an answer
Post what u have and we can help craft an answer
Those are my main thoughts so far.. I do not know a ton of history on the firm but for the location I am applying for, all of the information above is very accurate.
Thanks in advance
Other than #2 (international presence), you could say the exact same things for all BBs rofl
A professional and personal reason always worked for me. I always bullshit the professional one and as for the personal reason: I always made sure to name drop a couple of contacts I've spoken to and how personable they were and their highlights of what they like about the firm and how important it is to fit with those you work with.
international presence is key. they love that
same as @localhero , professional reasons are almost always generic cause all banks will have some overlap. Just use the personal ones to stand out
Citibank is one of the largest banks and credit card companies in the world. Citibank’s size lets it offer a wide range of reward programs and other card benefits, so it’s easy to find the card you want.
If it helps, I personally heard over 100 responses to this exact specific question. And they were all the same - international, great people, brand etc etc. It's all generic. And personally, I think its a bullshit question because people such as yourselves come on line to ask for the right answer.. hence its always the same.
That isn't a dig at yourselves by the way, its more a dig at HR... doesnt give any insight into the individual (perhaps only to check they at the very least checked Citi's website).
Reflect on conversation(s) that you've had throughout the interview and bring up how you could LEARN from that person/exp/etc.
"Well Tim mentioned that he had studied applied mathematics at MIT, it would be great to learn under somebody with that skill set as my undergraduate studies focused more on a macro-economic perspective. That being said, I feel that although we would learn from each other, it would benefit the team to have two individuals with two different ideologies approaching the same problem."
Most BBs are the same in size/scope/etc, focus on the people you'll be working with - that's who you'll spend over 50% of your time with.
Hopefully you are networking and you can talk about your encounter with people that already work there. I typically stress how people that I know in the business have been so willing to help, interested about their jobs and great people to work alongside. If this isn't true for you, don't lie because there are plenty of other perfectly fine answers that are no better or worse.
Help please! Why Citi (Originally Posted: 02/06/2016)
Hiii Monkeys,
I will have an AC with Citi London soon for IB summer analyst. Still struggle to come up with a good answer of Why Citi. Could you guys help this out? Many many thanks!
globality
You don't want your own desk or office your whole life. Seriously though, just talk about what people you've networked with have told you about the firm and pretend like it's somewhat unique on Wall Street.
"Because I couldn't get the Goldman Sachs"
lol
One of the few banks with truly global presence across all its business lines (IB, corporate & retail banking), the people you've met, large balance sheet, etc. etc.
dingdingding
because it is highly revered as the death star.
"I have always wanted to be part of the US military-industrial complex"
Pick something Citi states that is apart of their Vision/values and let them know how it resonated with you.
For example, if your an environmentalist see the link below and check out their values. Let your interviewer know you relate to them. http://www.citigroup.com/citi/environment/policies.htm
Also, best of luck The Citi London office has some great people working there.
Come up with the stock answer. It's a shit question, but we had to ask it... stock answer won't get you dinged, but have answer if you are asked further on it. Like why does being global really help? What did you like about the people you met? etc
Thanks everybody!!
"Because in America we have Citi bikes which are much more efficient than the Barclays bikes that you have in London. As such, I have an endearing respect for Citi. Also this is my last resort before I go back to PWM"
cause it never sleeps
somebody has to
why Citi (Originally Posted: 12/18/2010)
Why Citi over any other BB?
Global reach and presence, considerate corporate culture (people are nice and respectful, rather than vicious backstabbers), top notch M&A practice and intelligent use of resources toward favored relationships in this economic downturn shows prudent leadership.
May not all be true, but that's what I remember the Citi bankers talking about.
Fill out your own app form!
Because a spot just opened up there last week
HA
Thanks for all your advice!
Can anyone come up with a logical reason why they would accept an offer from Citigroup? (Originally Posted: 04/18/2008)
I succeeded in convincing 4 out of the 5 interns who i met over the summer not to accept offers with Citigroup. That's a pretty excellent percentage considering how bad this company/bank/firm/building or whatever it calls itself.
They just declared a 48% drop in revenue and a $5 billion Q1 write down. Can anyone really give me one good reason why a logical person who has the chance to work for other bulge brackets would take an offer from Shitty Group. Forget the fact that transactional income rose and shares are up pre market, there's still a whole lot of announcements to be made.
With the amount of Citi resumes passing through my bank, it's only a matter of time that interns/first/"more" second years would start getting shafted.
Please just one reason!
The tide's down and now we finally know who's not wearing any clothes. We'll see how some of these big balance sheet banks fare in an environment where it's harder to put their balance sheet to win advisory deals.
Nuff said
they are one of the world's largest banks so i would imagine they will rebound just fine.
they are shitty but still a prestigious bank
The cool thing with Citi is that you have the opportunity to be a banker almost anywhere in the world...of course if you dont get fired first!
are you kidding me? Citi is f*cked. The deals we turn down they pick up...it's no wonder they are in such shitty shape.
isn't it the same with all the bulge brackets - similar opportunities to transfer to other offices.
"They just declared a 48% drop in revenue and a $5 billion Q1 write down."
Actually it was a $16B writedown and $5.1B net loss. They also announced another 9000 job cuts which includes 2000 of the 6200 already announced.
I would say the only thing they have going for them now is their global exposure. Citi can pretty much be involved with a deal anywhere on the planet, but other than that, they are in bad shape. Their huge balance sheet is great when deals are plentiful, but in this environment they are going to have a hard time adapting to smaller deals. Obviously returns are going to be way down.
In the fall I was offered a job in their structuring division. Needless to say I will not be working there.
Why trade at Citi? (Originally Posted: 09/22/2010)
Why trade at Citi?
1) Its a job 2) Experience 3) Contacts - You may look down at them because they are currently a lower tier BB, but you do realize they are what #6 on a list of thousands securities firms. 4) You somewhere else better to be? I mean an offer, not your delusional fantasy.
The fact that you posted this is ridiculous...
International exposure, well that's the IBD reason at least.
Because somebody has to.
gekko you are chatting nonsense. Its Citi's IBD business that took a big hit. during the crisis (a lot of people have left). in Sales and Trading Citi is still 3rd highest earner. It is still a solid BB for sales and trading.
I got an offer from Citi's S&T last week. Talking with a bunch of their traders, I think I'd really enjoy their culture. I'm not exactly sure what product(s) I want to specialize in, so I guess I'm looking to work in a BB with the overall strongest trading desks. Are there any other places I should be looking at, or should I stop my job search and enjoy senior year?
Thanks!
Second IntroFinance's question
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