Can you guys hype up Citi for me
Accepted an offer there, but am not feeling as overjoyed as I thought I would after sinking countless hours into recruiting and getting many rejections. Can you guys gas up Citi so I can feel better (no don't bring up Revlon, we all make mistakes sometimes)
Your bank is worse than my bank :)
Citi? More like Shitti
On a serious note, the culture and pay are absolute bottom, but as analyst you'll get very good deal experience and have the chance to compete for UMM PE.
Don't think too much OP.
Rather work at Tobin
Citi's consumer bank is pretty decent
Lol these replies are hilarious. But on a serious note… mate you just landed one of the biggest banks on Wall Street. Everyone on WSO talks as if they are all BX analysts. Truth is that you are in an incredibly privileged position at a highly respected bank and you probably beat hundreds of qualified candidates to get it
Is Citi even a BB anymore /j
/j= joking
Comparison is the thief of joy. You are going to work at a BB bank, you secured a phenomenal job offer. You shouldn’t care about the previous rejections or where others are going - you secured a great offer.
Any BB is a great place to work, just look forward to it and chill until then.
Ik someone that works at JP Morgan, diversity hire.
NY office?
Heard Nomura is hiring, maybe you can lateral? Don't know if they would even consider a Shitty scrub though, unless you are willing to accept a back-office role.
I am hoping to lateral to MUFG, think Nomura is out of reach
Citi has a strong / leading presence in fixed income / currency trading, industrials / Energy / M&A IB. They also are one of the best in SPACs.
Citi sucks
where did you intern prior to Citi?
Like Citi the regional boutique?
No, City Wok the Chinese place
Go Citi, its your birthday, we gonna party like its your birthday. Go Citi!
Do you sell peanuts in Section 532 at Citi?
Hey OP, I was in a similar mood after accepting my offer, low EB (Gugg/Ghl) for RX, but now I am over it and hopefully, I can help.
Let's break down what you could be worried about:
Trust me, the reason for you not being happy is not that you are going to Citi, actually, that should be a reason for you to be happy. Get off this website, go hit the gym, meet people, work on becoming better and I am sure you can have as much success as you want.
Stop being so reasonable. Dunk on them Shitty analysts.
Yeah fuck em up. I work at Citi and I call it Shitty to my roommates
.
Great advice. Appreciate the thoughtful response.
Based
You won. You beat out thousands, if not tens of thousands, of other wide eyed, hungry undergrads. That in itself should make you happy. Don't think of the bank, think of all the dead bodies you had to climb over to reach the top of the latter. Congrats!
Congrats, Citi is a great bank! F*ck anyone who says otherwise. Take it from me, envy is the thief of joy.
How about you quit crying and grow tf up? I’m interning at a LMM firm and was still excited about the offer, be grateful for once in your life
Yeah man didn't mean it that way. Your firm probably resume rejected me, I think we both deserve to be excited
You’re good, but it’s important to realize we’re both gonna be better off than 99% of people our age after we graduate. On top of that I don’t think the name of your employer is ever going to be truly fulfilling unless you’re a complete hardo, there’s always gonna be someone out there doing bigger and better things than you no matter how far you go, just try not to worry about it
.
Wtf haha
Did you get your diversity interview at BMO?
Congratulations, man. Citi is an awesome place to be and understand first hand after countless hours of networking / recruiting how difficult it is to break in.
For background, they are typically viewed as a mid-tier BB on this forum, alongside BofA / Barclays. League tables speak for itself, they consistently rank among the top banks in M&A, specific coverage verticals, etc.
Best of luck with group placement, it's an incredible platform to start off and put your career in the right direction.
I’m glad you’re keeping it positive, but don’t worry about what goes on on this forum. 98% of people here have no idea wtf they are talking about, example: I work IBD at a bank that is discussed here often and the “top groups” people list on this website are so, so, so wrong. The group I’m in is the 2nd highest grossing group over last 2 years and isn’t discussed whereas one of our groups that is below median revenue is masturbated to.
Moral of the story: take everything you read here with a mountain of salt.
We’re not talking about the same bank based on your numbers, but I’ve personally seen the same thing lol.
there's a non-negligible chance you'll wake up with $40 billion in your account on a payday
Best thing would be to develop a sense of eternal optimism no matter where you end up, but for now I’ll give you the sales pitch.
1. The most global bank. If you do well and are interested in working internationally, Citi gives you that opportunity
2. Top 3 U.S. balance sheet bank (along with JPM and BofA)
3. Consistently top tier in IG DCM, IG Loans, and ECM
4. The #1 SPAC Investment Bank
5. Very diverse and multicultural place, partly because of #1
To balance out the post, here’s a few things Citi is not great at:
1. Years of outdated processes and poor merger integration caused failed risk management bringing regulatory scrutiny and insanely redundant and convoluted internal systems
2. M&A (not well positioned for middle market and large cap is an insanely competitive space; why work for a regulated bank when you can advise on M&A transactions without needing a balance sheet or the headache of oversight)
3. Leveraged Finance/Sponsored Transactions (Company isn’t that well positioned to serve the middle market space where a lot of these transaction take place)
At the end of the day, you’re making vastly more money than almost everyone you went to college with. Learn to poke fun at yourself and the place you work (embrace Shitti bank) and you’ll have an ok time.
Citi is mid tier BB bro don't treat it like it's Tobin. Extremely solid, you should be proud
You have a job and you get a salary. The fuck else you need to listen, boy
10/10 troll
If srs, seek help OP
I work at Citi and think it's a fantastic place to start your career. Unfortunately, this forum is full of insecure low 20-somethings who benchmark their success and happiness on salary and "prestige". Anyone who has spent any reasonable amount of time working will tell you that real rankings differ across product, group, focus, etc. And perhaps more importantly these rankings don't matter as much as your ability and willingness to stretch your limits and expand your network. In 5 years, those latter qualities are what will dictate the outcome of your career far more than the bank you start out at.
That said, Citi is a very reputable bank and you shouldn't let anyone on WSO tell you otherwise.
Of course, as with any bank, there are downsides to Citi.
All in, you're starting in a career that pays you in the 95th+ percentile of earners in your age group, at a massive institution with international brand recognition, and with plenty of opportunities that could come out of this. Trust me when I say that for every one of your analyst class, there are hundreds if not thousands of people your / our age who would happily trade places.
A person complaining about receiving an offer that puts them on a path to make around 200k straight out of college did not deserve this detailed of a response.
Slow day at work, was in a good mood.
(+) 1
the woke corporate dick swinging contest is very real
Median household income in the U.S.
15-24 years old: $48k
25-34 years old: $70k
35-44 years old: $89k
45-54 years old: $92k
You'll be making $100k+ as a 22 year old with no experience, that enough hype for ya.
office in Tribeca? pretty sweet versus the funk of midtown right now
Yah...CITI Bank seems a great bank to go with.
just dont discuss your bonuses at Citi or you'll get your hand slapped by HR, and if you bring up the fact that its illegal for them to say that (National Labor Relations Act) you'll be put on a performance improvement program.
Citi alternatives / special sits has produced some badass alumni on the buyside / mezz space. Congrats and good luck!
Citi special sits doesn’t exist anymore I thought?
group winded down summer 2019
If you can, in a year make an internal switch to their structured finance or structured rates teams. They're both well respected. Nonetheless gl!
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