Citi Private Banking interview
Hey guys,
I have a final round interview with Citi's private bank in a couple days. It consists of three half-hour interviews. During the first round phone interview, I was asked a mix of resume-related questions (describing my background, experience, etc.) and technical questions, related to risk management and valuation (discuss some risk measures, what is sharpe ratio, what is beta).
What should I expect for the final round interviews? Some of the comments I've read on here say that private banking interviews are mostly behavioral and don't involve technical questions, but I have a feeling that at least one of the three interviews will be more technical, especially considering the fact that they asked me technical questions in the first round interview. Ideas? Any help would be appreciated.
I had that same interview on Friday. How did yours go?
Hi guys I have a final round interview with Citi's private bank coming up (internship). I believe its the same format as the grad interviews. Any chance you could fill me in with what to expect? Much appreciated
This might sound dumb, but why dont people...just ask?
Whomever advised you of the interview...why not ask them, "thanks, if you can, would you mind filling me in on what to expect of the interview process, who will I speak with and what type of questions/info should I expect?"
Seems reasonable to me...v
Private Banking Interview - Analyst position (Originally Posted: 04/07/2012)
Hey guys I got an interview in the coming weeks at Citi's Private banking group for an analyst position. I have a few questions about the position and the group, thanks in advance for the insight.
1) Has anyone gone through one of these interview, if so can you tell me what to prepare for. Is the interview behavior, technical or both?
2) Does anyone know the strength of Citi's private banking group compared to the other banks in the industry. I've done my due diligence comparing Citi private banking to JPM, etc..but would like to hear from fellow monkey's and your thoughts on Citi private banking standings.
3) What's the benefit of being in private banking in terms of growth and exit opportunities.
Cannot speak to the interview as I have never done one with them.
Citi's Private Banking unit is much smaller and focused on UHNW individuals. At JPM, the Private Banking organization is very large and you could be serving either HNW or UHNW clients depending on your placement.
If you would prefer to serve UHNW then I would definitely recommend pursuing Citi. Either shop is top tier for Private Banking, but If you get placed into a HNW segment at JPM it will be very hard to jump up to UHNW internally or externally.
Benefits of Private Banking are stability. Investment Banking, Trading, and Investment Management are just seats at a firm. What I mean by that is that anyone is easily replaceable, these seats will generate roughly similar revenue regardless of the person sitting in the seat. In Private Banking, you are an asset to the firm because of the personal relationships you hold. If a Private Banker with relationships with Bill Gates and Waltons walks across the street to a different firm it is a much bigger loss than a MD in IBD going across the street.
This is the one area of banking that will always prosper. There will always be a 1% and there will always be bankers to serve that 1%. Markets up or down they still collect their fees.
I had a final round interview at Morgan Stanley, interviews were very fit heavy. The only finance questions were to explain my views on where the markets were going, thoughts on Europe and emerging markets. Have a stock pitch ready, but I didn't have to explain one.
Thanks alot guys for your advice!
Hi guys,
I am going next week for my Citi private banking assessment centre. Anyone who done it already any advice, tips I could practice for?
I will be having group exercise and a presentaiton but as I havent done any of these before, could anyone help me a bit?
Many thanks in advance, Cintia
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