Can anyone give some insight into a Citi superday for S&T analyst program?
Interview questions (heavy on technicals?), structure of the interviews, etc.
Any help would be appreciated
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Hey Kelley, the S&T superday process is not very difficult, especially because S&T involves a lot more fit-based questions than the IBD superday does. Be prepared to answer questions about the S&T culture- fast paced, energetic, client-relationships, etc and how you see yourself amidst all these action-oriented teams that get very "passionate" about their work during market hours. Also, know answers to what do you think S&T analysts do? Talk about your interests in bringing research to clients and then seeing through the entire process of underwriting/buying up stocks and how this career could help you move into your career goals of going into hedge funds. Technicals would focus around market stats, what are some of the well-performing stocks now, which markets would you look into, which markets would you avoid, which economies would you bet on, which economies you wouldn't and support all of your answers with statistics. For example, if you think TMT is a good market now to invest in, mention which firms are trading at discounts, which firms just changed management, what will drive this market after facebook launches its IPO, etc.
When is your superday btw?
I would disagree with fahmed, from my experience S&T superdays can get fairly technical. I would make sure to have a broad understanding of what is going on in various asset classes - everything from commodities, bonds (treasuries to corporate)/rates (10 year and 30 year), equities (domestic and international, across sectors, etc) and to have a number of well thought out investment theses. Understand all the major macro themes, from recent fed decisions to the factors impacting the euro, to China, to energy to various macro indicators for bank liquidity, etc.
Expect some brainteasers and mental math, be sure to handle yourself well. Definitely be respectful, humble, and aware of your own ignorance when it comes to specific products you're unfamiliar with. Have well thought out questions.
I disagree with fahmed as well. S&T is more technical in that you'll be required to know stuff about the markets and some basic bond math regardless of your major. Know all major rates and indicators and bring them up in the conversation. Formulate your market view based on that data and make sure it makes sense.
Also, if you don't know something, never guess. Just say you don't know. Know risk on-off if asked about investment ideas.
Be chill. Be logically correct. Admit when you don't know something. Know current rates and their behavior given the events in the past week and know upcoming events.
Hope this helps.
Also would like to add that Fixed Income folks tend to be tougher on questions than Equities folks.
Sorry to hijack, but about needing to know bond math etc. I was an SA and one of my rotations was rates but I'm not a business major and I don't know bond math and didn't learn it while on the desk. I'm interviewing in S&T with other BBs now, should I expect technicals like that? I've only gotten markets based questions before.
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