Hearing different stories about Citi's conversion rate. I'd appreciate if someone could shed some light on Citi's S&T FT conversion rate from summer analyst class.
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85%+
Do interns get a say over whether they wanna rotate in trading or sales before the start of the internship? How does it work?
Its pretty high, 90%+ but the class size itself and across other banks has shrunk drastically. Probably 50-75% the size of what it was 5 years ago.
Why is that the case? Is it because people are staying longer in S&T? Or Automation. Thank you!
Agreed on the size of the intern classes. Classes now are ~50% of what they were 5 yrs ago at my bank, from what I have seen, and most people are too intimidated to do trading. This is probably not a bad thing for someone starting now, however.
In HK the conversion rate was 33%
usually 90+%, but last year I heard was worse but still ok like 75+%? There was a lot of recent lay offs at Citi and I think that came along with converting fewer to full-time
Is there a number for London？Thanks.
Citi is good with return offers, usually 85%+. This summer was a one off thing, only ~65% got return offers but that shouldn’t be thought of as the new normal. They don’t over-hire which is good for the interns, basically means it’s their job to lose. Great internship too since you get to rotate across three desks.
How many interns do they take in S&T? Just that I know that in TTS EMEA they only had 7 interns.
How does the rotation work? Do interns pick if they wanna be in Sales or Trading?
In the NYC office they take about 80 interns. The rotations are assigned to you by HR, but you do take a survey indicating your interests (credit, equities, FX, etc.) and they try to match accordingly. There’s lots of flexibility in getting to sit with other desks/talk with other desks that you aren’t assigned to as well so you can get some pretty broad experience if you put yourself out there.
London or ny?
For NY.
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