Barclays vs Citi vs RBC S&T
Want to know the pros and cons of S&T at any of those places assuming I don't know specifically where I want to go into (FICC, Equities, etc)
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For FT of SA?
For my timeline SA and getting an FT offer from that. So I'd rather know more about long term so FT
I can pretty much assure you that you won't be going into equities at any of the above mentioned
Why do you say that? Equity derivatives are still very healthy if I'm not mistaken
healthy but these teams are typically not growing in a broad way like you would see on other desks
what desks are growing?
Citi is actively expanding their equity/delta one/equity derivatives teams, at least from what I've been reading on efc... so what desks are you referring to as broad growth? thanks for the insight.
speaking from a BB desk (not citi) I can say that I see equity and equity related teams whether it be sales/trading/cap markets not in "expansion" mode. Does this mean that they don't hire? Obviously not. I see more growth across MM & FICC and some xva type teams especially at the junior level. If I were a summer analyst worrying about placement, I really wouldn't be stressing about equities is basically what I was saying with my initial post. I think if anything they are more likely to be taking on senior roles. Just to disclose this is coming strictly from what I see and hear at my office (global hq) what I see on the job postings, etc. Obviously I don'know anything from a corporate plan or strategic point of view
it is honestly difficulty to predict which specific desk will grow. Ideally your bank is set up such that; one desk grows versus one shrinks (flow wise) so you are offsetting. I would also research product wise too. ETF principal and agency desk both have increased dramatically - that doesn't mean it will continue that way.
Finally, for S&T internships/placement, it doesn't matter if YOU like the desk, its more of if the desk (sales, traders, senior people etc.) like you. I wanted to land on a specific desk but they didn't like me but one desk did so I ended up there.
Citi has the best generalist program, know lots of happy people there. Barclays has lost most of its Lehman people and thus great culture, but still a good place to work and good rates franchise.
I am not aware of RBC having an especially strong trading franchise - they do have some presence in debt giving their active role in DCM, but I believe they are shrinking this business.
I'd go with Barclays, but just a personal opinion. They have a great S&T division.
For G10 Rates Citi > Barc >>>> RBC.
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