22 Comments
 

Citi is solid because its in NY. See if you can get a more definite answer with UBS. If you have the chance to list preferences with UBS, take UBS because you could end up helping the trading floor/IB and then maybe get an interview in that area for FT recruiting (very hard, but possible if you really apply yourself). Just keep networking over the Summer.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
jhoratioBeing in ops has ZERO bearing on your chances at IB. The OP might was well have asked, "OPS at Wall-Mart or Nissan Motors?"

Wall-Mart?

 
jhoratioBeing in ops has ZERO bearing on your chances at IB. The OP might was well have asked, "OPS at Wall-Mart or Nissan Motors?"

I don't exactly agree, I think they would rather recruit a Citi OPT for its IBD FT than a Wall-mart OPT..

I would take Citi for the networking opportunity too.. but also consider compensations. I think Citi isn't paying that much for OP this year..

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
 
poormonkeynomoneyI think they would rather recruit a Citi OPT for its IBD FT than a Wall-mart OPT..

No they wouldn't. Because they don't "recruit" from OPS at all. They don't recruit from the wait-staff at Delmonico's, they don't recruit from the New York Yankees, they don't recruit from the US postal service, they don't recruit from the Mayor's office, and they don't recruit from OPS. Don't do OPS because you think it will get you somehow "closer" to banking. because it doesn't and it won't.

 

Perhaps, PMNM, but the point that you fail to grasp is that the same thing could be said about virtually ANY job. A dude working ANYWHERE who then goes to HBS has the exact same chance as the guy who started out in OPS. A position in OPS offers ZERO advantage towards a position in IB. Not zero chance, just zero advantage. If you're working at Citi OPS and you want to someday do banking, you might as well be an architect that wants to someday do banking. No one in IB recruiting will care that you both have the same company on your business card.

 

Ok I believe you since you are more experienced.. Its still not a bad job for the OP though, not many company offers 60k for a undergrad (8-6 job)

BTW how hard is it for a S&T person to move to IBD?

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
 

S&T to IBD

With an MBA: Difficult Without an MBA: IMPOSSIBLE!!!!

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
Gekko21S&T to IBD

With an MBA: Difficult Without an MBA: IMPOSSIBLE!!!!

thats very over simplified, with MBA from Harvard, it should be a breeze.

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
 
Best Response

Not as easy as you may think. Banks at Harvard are going to interview people who have IBD/ER/more analytical experience first. If you go to a top MBA, difficult means "I go to a semi-target difficult and need to network my ass off". I don't know if you have read Monkey Business, but it is a great example. One of the authors had IBD analyst experience and landed litterally 15-20 interviews with all the major banks. The other author did not have IBD related experience and got only 3 interviews (one went to HBS, the other Wharton School).

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
Gekko21Not as easy as you may think. Banks at Harvard are going to interview people who have IBD/ER/more analytical experience first. If you go to a top MBA, difficult means "I go to a semi-target difficult and need to network my ass off". I don't know if you have read Monkey Business, but it is a great example. One of the authors had IBD analyst experience and landed litterally 15-20 interviews with all the major banks. The other author did not have IBD related experience and got only 3 interviews (one went to HBS, the other Wharton School).

Don't underestimate HBS MBAs man~ they usually have all those jobs lined up for them~ probably even for MD positions or partnering with PE/HF staff~

if you are a IB analyst, its very very very difficult for you to get into H MBA~ but when you come out from that MBA program, you are the one.

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
 
Kris KringleHow difficult is it to move into trading from ops?

Same story as IBD, Trading requires some really good quantitative skills, even more than IBD~

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
 

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Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
 

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