Hey all,
I have two offers, one from BAML S&T and the other from Citadel IBD. I'm really interested in trading, but I haven't altogether ruled out a potential full-time career in banking. I know that Citadel Securities has been experiencing some turbulence as of late, but would do you guys think?
TIA~
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You're comparing one of the best hedge funds in the industry against a mid-tier BB. Unless you specifically want to enter a trading career (and this better be for the long run) then Citadel IBD hands down.
You do realize he is talking about Citadel IBD? not its HF operations.
This isnt a question of BAML vs Citadel, its a question of S&T vs IBD.
Depends on what u wanna do but I say Citadel
A few years ago, I would've said BAML S&T. Certainly in the past S&T at BAML was more reputable than Citadel's i-banking. But with the Volcker Rule, it becomes a little more iffy. Trading has better hours at first, but i-banking may end up preparing you for more diverse pursuits as you grow older. Also, you don't see a lot of 50 year old traders (and don't say it's because they retired when they were 35, because that's rarely the case), but you see a lot of 50 year olds working in finance who used to work in i-banking and are either still doing it or working in PE or something related. Traders tend to blow out, while i-bankers tend to burn out. There's honestly not a great chance that you will make a career out of either. However, either name will look good on your resume and you'll be able to have opportunities as long as you don't get fired in the first year.
But like derivstrading said, "This isnt a question of BAML vs Citadel, its a question of S&T vs IBD." And that's really what you need to decide.
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