I am more interested in macro trading (rates/agency)
Citi definitely is a powerhouse for FX/rates/Spread products and they have global exposure that you can easily transfer to another office
Barclays on the other hand, is not very strong on the street (in terms of volume) but the reputation is really good.
Both of them have a better work culture (compared to GS), but I heard Barclays has slightly better perks.
How would you guys choose?
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Based on the highest ranked content on WSO, here's a detailed comparison between Citi and Barclays for your interest in macro trading (rates/agency):
Citi
Barclays
Considerations
Conclusion
Ultimately, the choice depends on your personal priorities and career goals. Both banks offer strong opportunities, but with different strengths that might align better with your specific interests and needs.
Sources: Citi vs CS vs Barclays for IB, Banks with best cultures, Can you guys hype up Citi for me, Need Advice: Citi/Barclays Offer vs. Recruiting for GS/MS/JPM, RANKING: BEST BULGE BRACKET CULTURE
Citi has one of the best S&T summer analyst programs due to it being rotational and the return offer is generalist. Meaning you are not limited to returning FT based on your rotations, you can return and network with any desk that's looking to take a 1st year analyst. Also, you get paid OT at 1.5 which makes it a great internship to pocket some more money. Probably can't go wrong with either Citi or Barclays, though some extra stuff to consider for Citi
The return rate this year is one of the lowest on the street
I heard 60% for Citi, which seems to be in line with lower numbers from across a lot of S&T
I feel Citi is a place to start your career its a great school. But Barclays definitely has better perks, maybe more “prestige” ?
I would go for Citi.
Citi is in very bad shape now though ...
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