Citibank thoughts with new transitions?

CEO Michael Corbat is retiring and Jane Fraser, CEO of consumer banking is now the new CEO. What does this mean and will IB still be strong? What about the full-time return offers for all the interns, does Mike know he messed up? 

5 Comments
 

dude what is wrong with you. How does this have ANYTHING to do with full time offers for interns. Jane Fraser is one of the top  leaders in the industry, has enough experience to lead with grace and this will hopefully result in other top banks/ companies promoting more women to senior positions. I would love to see more female successors to current Wall Street CEOs. There was a cool article on CNBC this morning about Corbat's retirement: https://www.cnbc.com/2020/09/10/why-michael-corbat-is-leaving-citigroup…

 
Most Helpful

I never said let's make it about identity politics, but it's also important to acknowledge that it took Wall street 200 YEARS to have a female CEO of a major bank even though there have been very capable women in the industry all along. I am hoping there'll be more female CEOs. Got a problem?

 

Quia dicta occaecati consequatur rerum mollitia. Placeat dolorem quia adipisci quis dolores.

Adipisci nulla veritatis cupiditate id ratione. Dolores minima fuga ea neque delectus. Ut est possimus dolores similique optio possimus deserunt voluptas. Sed eius optio nisi autem. In quia quia quis fuga ut. Sunt non molestias iusto voluptas quis provident.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”