GS Snt vs Citi Snt SA Offer
Hi, I received offers from both banks in New York. I am more interested in structuring and trading but I don't know whether I should go to FICC or equity. know Citi is very good in FICC but GS is more market making and trading focus than Citi...
I am also an international and I kinda feel like Citi has a better environment for me (all my interviewers are non-americans coincidentally), and GS is more like typical wall street firing people... But GS's prestige is really attractive.
Anyone has suggestions?
I worked at Citi. One things for sure: don’t go equities unless it’s derivs or something similar. I would take GS probably unless you had the chance to join a top desk at Citi, which you won’t know until you’re there
I thought FICC in citi are all top desks... Is there any specific desk is stronger
Goldman is in serious decline with DSOL, shitty Marcus business, massive layoffs, diluted brand and now another settlement for discrimination not to mention 1MDB and the overwhelming negative complaints from Analysts and other people who've worked there.
Go with Citi. Better culture and learning environment. Heard everything at GS is a jam job and the place is ass.
Last bit of advice - if you can get into JPM, go there. Similar to Citi but generally higher caliber people.
I think JPM already handed out their super day and unfortunately I couldn't get that.
Also JPM NYC office doesn't offer a rotational program and once you get placed you have to work there for the summer and the graduate role...
Since I'm not sure what I want to do I'm not sure it's the best for me.
How about Barclays, Deutsche or BAML?
I couldn't get MS either but I have BAML super day.
If the reason for avoiding GS is the brutal cuts I get it but I wouldn't avoid it for 1MDB or the discrimination. We are in finance after all.
If you were the 1MDB whistleblower at GS you would be in line for somewhere between $290 and $870 million. I say aim
to work in the shadiest parts of the shadiest banks and commodity houses around. GS, HSBC and Glencore? Any other contenders?
If they aren't breaking the law you get a great bonus from the firm. If they are breaking the law you get a great bonus from uncle sam.
BAML is also solid. Have a few buddies who worked there and had a very good experience
What's the point in this comment? OP doesn't have an offer from BofA.
is GS rotational? if not I would choose Citi. you do two rotations and can change between assets. starting your career, you job is to figure out what product you wanna trade/like. Both are great choices and anything under FICC is great at Citi.
GS is also rotational I believe. That’s why I’m really struggling between two. Do you think as an international one bank would be better than the other ?
I don't think an international bank makes Citi better as an analyst program. It sounds like culturally you fit better with Citi. I would say if you definitely want to try equities than go to GS, otherwise just follow your gut and go to Citi. There's plenty of trading and structuring you can do in FICC.
Go to Citi. Rotational programme (2 rotations), top player in FICC and structured products, and one of the best junior development/retention programmes out of any bank.
If you go to GS, it is more likely than not that you won't get a return offer because they, every year, give out more internship offers than they have space for FT. Citi doesn't hire more interns than they have space to convert. Furthermore, Citi is good for internal mobility and general junior retention. Obviously, Citi isn't immune from lay-offs, but it's not as bad and deep cutting as what GS has done.
If I were you, I would pick Citi over GS any day of the week for S&T.
to play devil's advocate, gs has a rotational program, is a top player in equities and certain ficc products and has a well-established analyst program as well. if you can sell yourself, you can move internally anywhere (and gs gives you the option to do so 2/3 of the way thru the internship). Your pt about attrition is valid.
there are 3 rotations i was a SA there last summer
I second this. I would choose Citi for same reasons mentioned above
Keep in mind Citi ended its full time rotational program as of this year.
What do you mean ? HR has been telling me that the full time offer would be one year per desk are they changing it now ?
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