Is Citi Commercial Bank Dev Program competitive?

http://www.oncampus.Citi.com/careers/north_americ…

Citi is recruiting at UT for a position in Houston... Considering the minimum GPA is only 3.0, can I assume that anyone with a decent GPA and is not a complete failure can walk in and get an offer?

I want a job in Houston, and this a back-up. Do I actually have to put effort into getting this offer?

If you know anything about the program (regardless of city), please share.

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