Citi Private Banking interview

Hey guys,

I have a final round interview with Citi's private bank in a couple days. It consists of three half-hour interviews. During the first round phone interview, I was asked a mix of resume-related questions (describing my background, experience, etc.) and technical questions, related to risk management and valuation (discuss some risk measures, what is sharpe ratio, what is beta).

What should I expect for the final round interviews? Some of the comments I've read on here say that private banking interviews are mostly behavioral and don't involve technical questions, but I have a feeling that at least one of the three interviews will be more technical, especially considering the fact that they asked me technical questions in the first round interview. Ideas? Any help would be appreciated.

 

This might sound dumb, but why dont people...just ask?

Whomever advised you of the interview...why not ask them, "thanks, if you can, would you mind filling me in on what to expect of the interview process, who will I speak with and what type of questions/info should I expect?"

Seems reasonable to me...v

We've got half a million shares in the bag!
 
Best Response

Cannot speak to the interview as I have never done one with them.

Citi's Private Banking unit is much smaller and focused on UHNW individuals. At JPM, the Private Banking organization is very large and you could be serving either HNW or UHNW clients depending on your placement.

If you would prefer to serve UHNW then I would definitely recommend pursuing Citi. Either shop is top tier for Private Banking, but If you get placed into a HNW segment at JPM it will be very hard to jump up to UHNW internally or externally.

Benefits of Private Banking are stability. Investment Banking, Trading, and Investment Management are just seats at a firm. What I mean by that is that anyone is easily replaceable, these seats will generate roughly similar revenue regardless of the person sitting in the seat. In Private Banking, you are an asset to the firm because of the personal relationships you hold. If a Private Banker with relationships with Bill Gates and Waltons walks across the street to a different firm it is a much bigger loss than a MD in IBD going across the street.

This is the one area of banking that will always prosper. There will always be a 1% and there will always be bankers to serve that 1%. Markets up or down they still collect their fees.

 

Hi guys,

I am going next week for my Citi private banking assessment centre. Anyone who done it already any advice, tips I could practice for?

I will be having group exercise and a presentaiton but as I havent done any of these before, could anyone help me a bit?

Many thanks in advance, Cintia

 

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