Citi or Barclays (London)

Citi hands down 

Yeh Citi bro

No offense, but pretty dumb question, Citi hands down
If rumours are to be believed barc is going to jettison the I bank.. wud avoid unless u face unemployment

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Honestly, even before the citi layoff news, this would still be a pretty close call. Dealflow in Barclays is likely superior and will continue to be so in a market that just lost a European superhouse, as we can already see from them placing 1st in deals completed(fy23) with any UK involvement and I'm pretty sure those were mostly indecently executed from the London office + they were 6th in EMEA involvement deals vs citis 9th and 8th placement in those categories.

However, as we've seen with the case of some eb's, deal flow doesn't necessarily mean better exits. The American brand of citi means that it has a slight edge over Barclays for exits, and that's the overall case. In regards to the London market as a whole and how their exits currently compare for MFPE specifically it goes gs/ms/jp>laz/evr/bofa/roths>citi>barclays>everything else. Can do a validation on this by a quick LinkedIn search of most euro megafunds and not just filtering by past company but also looking to see if they actually came directly from that past company.

Dealflow: Barclays > Citi

Exits:  Citi > Barclays

With the news now though, citis franchise is looking incredibly shaky (even relative to Barclay's restructuring) and this instability will likely reduce the overall prestige associated with the bank in coming years thus I honestly predict Barclays exits>Citi exits in the future. Overall, do your due own diligence on culture by talking to bankers at both and place a massive weighting on that since an SA at either in the UK is more or less equally prestigious.