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I'd rather work at an ice cream store than BAML.

Citi's reputation is really strong - maybe not to the layperson, but in the finance world it's a very legit place to work with one of the best M&A groups on the street.

*pretty soon one of the only M&A groups left on the street, as many banks are converting to the Goldman model

personally I would take CS, Citi, and then BAML

Sponsors and M&A are both very strong at CS and Citi

...

I'd pick CS > Citi > BAML

I woul pick CS as a first choice, just based on the past two years and how they have been doing. Also seem like a lot of laid back guys working there which makes the environment good to work in.

BAML isnt actually as bad as people make it out and everybody I know who works there is pretty happy (deal flow wise, general climate and yes also exits into whatever)

cant say much about Citi

Caution about taking advise from many users on this board: If you read other posts that people have written, you will know that a lot of people are not actually in the industry, and some have ties to certain banks because they work/have worked there. You never want to take advice from people who do not have experience, nor from peope with a bias. In terms of evaluating offers, I think this board works best when you have questions about specific groups within a bank, and someone who works there or knows a lot about the group can help.

That being said, I don't think its a good idea to evaluate offers by bank because you will fall into the "prestiege" trap. Rrather evaluate your offers based on the strength of the groups which you are interested in.What groups do you want to work in? Different banks have differet strengths. For example, if Real Estate is what you want, definitely choose BAML or Citi, while if you want Tech or think you can get into a Sponsors group (it's very competitive to get into Sponsors or M&A at most banks), choose CS. Although you don't know which group you will specifically be in, banks have you rank your top four / five for your SA stint, and you will likely be put into one of those groups. Decide your group interests, and then proceed from there. Best of luck to you!!

Citi > CS > BAML

Citi as stated has good M&A and Industrials and Comms

CS good for sponsors

BAML for LevFin

depends on group though so u rather do BAML levfin than Citi levfin which is a crap levfin place.

CS. I'm in europe though, so i'm biased.

Clearly each bank has its strengths, but as you'll be picking groups later, I would not decide on that (unless you have connections in certain groups).

None of these banks are so radically better or worse than the others that there is a clear cut answer. I would go where you liked the people best; if you have friends at one of these places, go there. I would be deciding based on "fit" at this point.

That said, if you have a particularly strong desire to work in one industry, go with the bank that has the strongest group in that sector.

someone posted this on some other thread:

http://fn.dealogic.com/fn/MARank.htm

but seems as if a lot of banks are doing better than Citi. Is it losing it BB status?

Thats announced, not a rank.

UBS is indeed > Citi and > BAML You fools , soon when UBS reemerges in the US it will be in all rankings top 5 at least in M&A/IPO/Debt and S&T.

...

CS > Citi > BAML

dislaimer: the above statement is 99% arbitrary and comes from zero factual basis

I work there, and I'll vouch for it! lol

Citi paid way better than CS last year in IBD, interestingly enough.

depends on location and group.

Seems this is consensus at this point, but CS > Citi > BAML.

Once you accept CS, network AS MUCH AS POSSIBLE to get into Sponsors, M&A or TMT in that order.

you little cocksuckers, I hope you know CS sponsors placed like a piece of shit this year right......

definitely 0 to megas and good mms

How did Citi M&A place

Good question. Citi rep is undoubtedly on the mend largely due to its exposure to emerging markets but also due to reduction in Fed medicine since 2008 as you alluded to. I would certainly seriously consider the offer you have and weigh it up against any other potential offers you are awaiting / expecting. Unlike most people on this site I am european and would consider Citi main rivals to be Stan Chart, Santander, RBS, Lloyds, HSBC, Barclays etc... From these I would say that Citi and HSBC are quite similar in many respects. However from an IBD perspective I would be inclined to focus on Citi depending on your area of expertise within IBD.

Hi all,

I am a managing director at Bank of America Merril Lynch. I have been with the company for 6 years now since before the merger with Bank of America (I was a VP of another firm's mergers and acquisitions group before coming here), and there are definitely many pros and cons to starting a career at Merril Lynch with two of the largest pros being the more reasonable work hours and excellent exposure to senior management even while working on large deals. However, I would like to say that I'd give a million blowjobs to get a job as a mere analyst at Credit Suisse.

Yours truly, Duke Douglas

bunkerbanker isr ight. cs sponsors sent 0 to megafunds and did as well as Piper Jaffray in terms of mm pe.

u want a real place like an elite boutique if u want exit ops.

Citi M&A will put you in front of plenty of megafunds (as well as the largest hedge funds) for interview - the rest is up to you. That's true of most M&A groups at BB's though, as well as most of GS/MS's industry groups. How you articulate your deal experience and how well you fit into the firm's culture is much more determinative of placement.

Also, how do you know how CS Sponsors placed? Frankly, I don't know if I believe that they sent 0 to megafunds.

.

GS = MS > JPM > Citi = CS > DB = Barcap > baml >>>>>>>>>>>>>>>>>>>>>>> UBS

stop making those rankings up w/o any proof.

anyone should be content to have a job offer from any bulge bracket...it's an impressive achievement.

The only 3 banks better than UBS are GS/MS/JPM the rest is worse (Nomura, DB, Barcap, Citi, BAML) or equal CS

Please ban this idiot together with boutiquebank4life

What's the reason for the shitty CS Sponsors placement this year (I don't think it was stellar last yr either from talking to a buddy who works at CS)? Hope it's not the case for Sponsors groups across the street...

nah pivot1990 is just pissed he works at UBS and thinks its actually a bb, LOLLLOLOL.

must suck to watch a bank crumble around you

I just talked to a friend at Citi and ironically, Citi sponsors placed into multiple megafunds last year

goes to show that the obsession with certain groups on this board is really unwarranted

^ No. This year's 2nd years are not going to megafunds. They are going to TA Associates, American Securities, and Greenbriar.

The year before was legit. One to Warburg (buyout), Carlyle (not buyout, doing mezz work), Kelso, and Greenbriar.

They have historically (ie pre-crisis) sent many to buyout arms of megafunds. Recently it's fallen off a cliff.

Any other data points on sponsors group placement this year (or last) across the street?

Does anyone know what Citi groups in London would place best into a megafund?

exit opps, exit opps?? seems like that's the only thing most ppl care about over here..

Citi in London didn't place anything good... neither did BAML or Barcap or DB..

Most KKR, Blackstone type of funds got GS/JPM guys in 2010...

hahahah so Citi is back for now.

read a recent article that said this year is supposed to favor banks with strong balance sheets. JPM seems to be benefiting. Let's see how far can Citi push themselves. The shitty bank is trying hard, but it won't be long before Golden Shit, Complete Shit and Douche Bank come back.

Citi = GS rejects

or in college terms:

GS = Wharton Citi = Stern (Wharton reject)