Why the Citi hate!?

I don’t work there but citi is an incredible bank. They are one of the strongest brand names, exit routinely to MFPE, HF, and UMM. Just look on LinkedIn. The top groups like M&A, M&T, and HC all do well. I have some friends who have exited to several prestigious funds. They have protected Saturday’s and an incredible culture. Sure, maybe we get paid slightly below Street, but that is completely irrelevant in the grand scheme of things when everyone will exit and lead a long life in finance after that regardless. In terms of work product, it is the same exact deliverables as every other bank. I wouldn’t choose Citi over some BB’s but certainly over any EB. Nobody knows the EB names when you speak to other people. I know it’s a meme, but it’s a little ridiculous at this point.

75 Comments
 

U work at Cowen LOL, have fun at your no-name MM bank 

Edit: you claim you work in Bank of America in LONDON LMAO. In the US, BofA is at best citi's peer. Stop acting like you are at CVP lmao. League tables screened in the past 3 years for just M&A/financial advisory in the US, Citi is 3 billion above BofA. You wouldn’t expect it tho because BofA is the biggest balance sheet bank in the US and gets all their credit from financing, like in the musk Twitter deal lmao. Please stay in your lane in the bottom tier of BBs buddy and keep being the laughing stock of IB. 

Also, per litquidity, BofA pay is absolute shit and way worse than Citi's.. have fun at your bottom tier BB lmao no wonder BofA interns are so insecure. Bofa is a better commercial bank than it is an ibank. 

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fazecellium

U work at Cowen LOL, have fun at your no-name MM bank 

Edit: you claim you work in Bank of America in LONDON LMAO. In the US, BofA is at best citi's peer. Stop acting like you are at CVP lmao. League tables screened in the past 3 years for just M&A/financial advisory in the US, Citi is 3 billion above BofA. You wouldn't expect it tho because BofA is the biggest balance sheet bank in the US and gets all their credit from financing, like in the musk Twitter deal lmao. Please stay in your lane in the bottom tier of BBs buddy and keep being the laughing stock of IB. 

Also, per litquidity, BofA pay is absolute shit and way worse than Citi's

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This dude keeps retroactively editing his comment to re-use my exact words verbatim lol. You likely have zero friends in real life.

 

I've worked in one of the groups you are listing as top, and it deserves the hate. You are correct that they work on decent mandates at least in some industries (capital intensive ones), and the exits are fine. would you expect anything else for one of the middle range bulge brackets? that is all table stakes for their position.

  • protected saturdays are fake AF, people are almost always expected to work over them
  • the culture is terrible, extremely hierarchical and political and sweatshop hours
  • pay is well below street as you've acknowledged, so you're not getting paid for the shitty hours and attitudes you endure
  • super cheap on perks like very low seamless allowance

all in all, I would strongly suggest taking a BAML offer over Citi, which is the relevant comparison in terms of prestige. and your assertion that it is better than EBs is highly questionable in my opinion- you'd be nuts to take citi over even moelis, let alone EVR or PJT

 

BofA generally has a good culture. Seamless credits are a bit higher than other banks. Protected saturdays are taken more seriously (than Citi, obviously). Good perks. All in all I feel like BofA is better at getting rid of shitty people than Citi.

 

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