Citi or Jefferies full time offer (both IB NYC)

I would go Citi

I would go for Jefferies since there is an ambiguity in terms of the groups that you will be placed in Citi

unless ur in a niche group such as renewable energy at jeffries and have an interest in alternative energy / vc afterwards, CITI HANDS DOWN

I'll definitely go Citi. People there I talked to are really nice and help you grow. Being a BB, more explosure to higher profile deals and opportunities. Also better exit opportunities.

Citi. I hate to break it to you, though- as an analyst you will be nothing more than a cog regardless of where you go. This bureaucracy talk will not affect you at the junior level.

citi. didn't get an offer there while i got one at mm's including jeff. wanan trade?

As an summer intern, what you do are almost the same at any bank. But a BB name would def open more doors for you in the industry. Also Jefferies has a generalist program, which means even if you're returning full time, you'll go through the group selection competition with the rest of the FT class again. Citi def seems to be a better deal for me.

Citi should be a no brainer here. BB vs MM.

jtown4372 out of curiosity, what did you end up choosing?

but what if he gets into a shitty group at Citi ? Jefferies is a safer bet

Good choice, Easier to BB => EB than the other way around. My .02

but what if he gets into a shitty group at Citi ? Jefferies is a safer bet

but what if he gets into a shitty group at Citi ? Jefferies is a safer bet

Since citi splits up capital markets, any group at citi > jeff. league tables and pe exits say it all.

Jefferies is not pure generalist, group assignments after a few months and there are large variations in the quality of the groups. On a whole I would say Citi

Thanks for the responses so far. They are much appreciated. Any insight as to the best groups at Citi?

their industrials and M&A are probably the best. but it's tough to get in.

Citi M&A, Consumers (solid exits last year), Energy (now that they've plucked UBS) and Coms are quite strong. FIG is solid as well. I believe Media, Tech and Industrials are all solid.

Industrials and Comm without a doubt. Both top on street and all internal modeling.

There are many more solid groups at Citi than there are at Jefferies. M&A, FIG, Industrials, Consumer, TMT, Comms at Citi are all very very strong.

at least going to Jefferies will allow him to get into a group he likes

is this a joke? bulge bracket or jefferies? is that the tough decision being debated?

If you really liked the folks at Jefferies and think you can learn a lot from them, Jefferies is probably the best long-term choice.

But all things being equal, Citi is the more recognizable name and probably offers more opportunities. So if there's no clear- I got into group X and the manager there is brilliant and wants to share his wisdom with me, I would lean towards Citi.

push, anymore thought?

We had a WSI grad go to Citi in their alternative energy group and he likes it very much. Don't know too much about Jeffries. I also have to agree with IlliniProgrammer in that Citi is the more recognizable name.

however Jefferies will lead you to more favorable PE exits

banker11:

however Jefferies will lead you to more favorable PE exits

Citi has megafund potential and Jeff doesn't. Trolls really suck lately on these boards. people are also evil and only try to help themselves.

banker11 is a reject/onhold at Citi's 10/15 superday and is trying to open up spots.

//www.wallstreetoasis.com/forums/citi-superday-1015

here are his string of posts in that thread

banker11: anyone heard back on friday?

banker11:anyone heard back Today?

banker11:anyone received the offer today?

banker11:Banka4life : do you think they will lift your "hold" ?

bulge4lyf: Any of you hear back then?

banker11: nope. how about you bulge4lyf?

This decision should come down to one and only one thing:

If you sincerely want to do Healthcare banking, help PE firms prospect Healthcare opportunities and/or work in Corp. Dev. for a top Healthcare firm, go Jefferies.

If none of the above are true, go Citi.

alright, i will weigh in on this. perhaps some of the people on the board will think i am crazy, but i took a jefferies offer rather than continuing to interview. i had final rounds with lazard, evercore, citi, barclays, and a number of other banks later on lined up.

i turned them down and just took jefferies. yes, it's not a great bank, but the people i have met at jefferies were the most down to earth of any i have met on wall street. and its a little better to join a place that you know is expanding and may very well become the next lehman or bear stearns 10 years down the road. kkr isn't the end goal for all of us, and frankly, i don't think i want to work at kkr. great place. very prestigious, but not for me. in my short and insignificant life, i have met partners at kkr and goldman, and for the most part, they seem to be unhappy.

and believe it or not, jefferies average deal size has been rising for the past few years, and plays with the big boys in healthcare, energy, alternative energy, media, and a number of other sectors. strong restructuring and leveraged finance practices too. m&a group also has alright exit opps. granted its not the biggest firm nor does it have the balance sheet that other banks have to win deals, but it still manages to win deals against the goldmans and morgans of the world on a fairly regular basis.

so that was my thought process. yeah, i'm probably not going to kkr after this, but i won't have nightmare-ish stories of getting hit on the head with a printer or being assigned accounting problems during whatever downtime i might have or suffer the hierarchy suffered at bulge brackets. i worked at 2 arguably "more prestigious" banks than jefferies before coming, and well, i hated it.

Citi's group selection process is heavily focused on personality and fit. As long as you're a likable guy, you'll definitely get into your top 2 or 3 group choices - please don't take one offer over another because you're afraid of getting placed into a shitty group at one, that just means you lack confidence in yourself. Every BB has shitty groups, some more than others yes, but the groups at Citi are definitely not M&A or bust - it's odd that some people have that perception.

I would say that Citi definitely has better exit ops. If you are a top analyst, placement into a top 10 PE shop is yours to lose. Ultimately though, you should go where you like the people the most and where you think you'll learn more.

Ranking groups is usually silly because it's infinitely subjective. But if only speaking in terms of deal flow, it's general consensus that M&A, Consumer, and Communications (includes Media, but not Tech) are the best. I would place Industrials (Transportation at Citi is sick), FIG, and Energy (after poaching UBS' entire top group) at a very close 2nd tier. Energy has the potential to be one of the top groups on the Street, but that's a little uncertain right now and only time will tell (also the top MD's are in Houston).

Interviewed and offers from both. Didnt like Citi culture and people at all. More deal flow at Jefferies and growing explosively. For long term prospects, I would go Jefferies, but both are good choices. Additionally, I met two interviewers that were SAs at Citi and were turning down their offers to return to go to Jefferies.

Aruubato is right though. People at Jeffs are much better than anyone I have met. Citis name is bigger, but indeed tarnished.

Cannot go wrong either way.

More deal flow at jefferies? Let's not get absurd here. Citi is still 3rd in global M&A while jefferies is 15th. not to mention BB's don't even go for many middle market deals and doesn't even compete in the majority of the deals that middle markets like jefferies, piper jaffray, wiesel, hlhz, baird, and other mm's do.

i'm trolling IBslave22's jefferies thread. u can tell he accepted there and got rejected at bb's (but so did I, but at least i dont troll for jefferies).

check out his jefferies thread where he tries to compare it to "top ibs". i am trolling it hard.

I have an offer at Citi as well and am still definitely considering taking it. Still havent decided which one to take yet but am leaning towards Jefferies based on the people I met with and future prospects, that is all.

^ ROFL PWNED

^ ROFL PWNED

aruubato: i never said they dont overlap but sadly you are wrong and I have been working at a boutique for years now (3rd year).