Which looks better in terms of training, desks, exit opps, culture, blah blah...? I landed offers from both and am curious which I should take. Thanks.
EDIT: which of the above and MS FI and DB S&T should I take?
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BofA is better than CIti right now, marginally
Citi
The decision is between DB and Citi. I think Citi is the top choice since the program is rotational and they are probably stronger in a greater number of groups, although DB is known to allow it's traders to take a lot of directional risks. DB is also a solid choice and no one can fault you for picking it over Citi. I think the question comes down to who you connected with more.
No offense but in the US DB is a second tier place - one day they are building out, then they fire everyone
much appreciated, guys
Personal opinion for the options you have assuming all credit/FI S&T:
Citi > DB = BAML > MS
Reverse order for equities.
^ Mainly agree with above.
BAML if you wanna do Equities.
DB or Citi if you want FI. Personally I would think DB, but they're both great. Base this off the people you've met
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So DB and Citi are rotational, and now I'm wondering what's the best way to make sure I get the most exposure to these good groups, i.e. Fixed income... Any advice?
bumppppp
was i crazy to take Jefferies FI in ny over Citi s+t in london?
Do you want to work in UK or NY? That will answer your question
Some people might say crazy, I would have gone the other way, but you chose that decision for a reason. In the words of Paul Arden, "if it wasn't the right decision, you would have made a different one"
living in ny or uk was irrelevant-- only care about long-term comp---trajectory of the bank--and exit opps
Probably! But Citi is rotational so if you don't fancy that then fair enough.
Citi > DB > BofA > MS
opinion
DB over Citi (top fx house, top us rates house last year north america for flow according to greenwich associates), not prop citi if they give you a chance to sit on prop (would ask hr for this, tell about your offers), heard they were building out us rates mortgage/govt prop team again ms ficc is rebuilding after gorman burned, still meshing (look at weak earnings) ... i think of them for commodities, em and equities, bofaml is always good in rates but also rebuilding (not yet what Merrill once was in my opinion)
you have to decide if you like each firms full time structure, which are very different according to friends (db - lots of training, 3 months, in uk, desk rotating for several months but then permanent), citi (two one year rotations, no exceptions, then must get hired), ms ficc - 6 wks training in ny and direct to specific desk but get responsibility quickly, bofaml - direct to desk I believe, a little more rough and tumble
Not sure if this is relevant but Citi in London S&T grad programme is actually a couple of months training and then 5 one month rotations where you are then picked for the desk you impressed the most/fitted best.
Sorry to double quote you. When you say Citi is building out us rates mortgage/govt prop team again are you saying that they are building out a new separate desk or are adding prop traders to the govvie/mortgage team? Is it normally arranged that the prop traders sit next to the flow traders or are they separate?
they are building a new desk with plywood and nails i think
Really? They make prop traders out of plywood and nails? How do they do this? Is it hard to get on the program? What are the exit opps? Is it looked on as prestigious? Amazing.
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