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Semiconductors - Citi has a balance sheet, so it gets mandates, just not that many M&A mandates. Sweaty because they try too hard to win M&A mandates

Software - Probably the most technically savvy people in SF, but they are particularly political vertical and don't win lead/active roles frequently (pretty bake-off decks tho)

Internet - Positive trajectory since poaching senior talent from GS and Barclays, but these people are impossibly demanding. Mid-layer isn't efficient

Overall - Mid-level seems to do a poor job of protecting juniors from seniors, but on the "bright side", there's a lot more deal flow than a couple of years ago

Exits? JMI Equity, Vector, FTV, but most frequently better banks and going into tech

 
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The fuck lmao this is 100% not true. What is true is that deal flow in the tech office has picked up significantly (I'm sure the same can be said across a lot of tech groups) and they are understaffed, so there tends to be a lot of work going around, which the staffers and upper management are very cognizant of. You can look to see that they are hiring both experienced analysts and associates to try to fill the gap.

Source: I work in a product group at Citi and work with the tech team frequently. 

 

Agree with this - that being said, I am certainly afraid to log off too early. Pre-COVID when I was getting to know the group, I had an associate tell me that he could occasionally make it home for dinner with the significant other at 8 or 9PM. Definitely not true now; had several experienced associates and VPs tell me that they are busier than they have ever been in 5+ years. The hours have been brutal at times; it can be hit or miss but a lot of people are being hit hard. That's a function of the market more than the group, but it is a group that is trying to expand - which often means doing a lot of work to try to get your foot in the door. We have even delivered work products completely unsolicited.

With WFH and the group being so busy, some things have been a mess. Had a number of fire drills that I felt were completely avoidable. But talking to juniors at other tech groups, none of this seems particularly bad. Tech groups as a whole are just at capacity with everything that's going on. Couldn't comment on what things look like in a normal world.

 

How are their capital markets groups? Any specific one which is good in culture?

 

Sounds like City is one of the best BB to work for. Folks, where can I apply? 

 

Rather than continue to bash Citi, which I do enjoy doing, here are my impressions of some other groups.

Real Estate = good culture, average hours, best exits opps (but RE-only), good deal flow

Industrials = variable culture (it's a big group, which silos out early, so every silo is different), okay/sweaty hours, solid exit opps, solid deal flow (almost universally)

Consumer & Retail (they were combined) = okay culture, okay hours, okay exit opps, pretty meh deal flow (mostly financing iirc)

 

cool thanks. assume if you go back to office, is it a laptop with docking or just company desktop?

 

Have a buddy who did energy / og in Houston. Sounds like a solid place. Good guy. Now is doing similiar stuff for BX 

 

Was in their Lev Fin group for couple years. Good culture. Busy season it gets really busy. Overall, really great group of folks. The VP started off out of Georgetown as an associate is the quickest promotion I have seen in my career.

 

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