Citi Superday Sales and Trading AdviceSubscribe
So I went through an accelerated process with Citi and will automatically go to a superday with them next month.
Any tips for this? Never had a superday before so don't really know what the whole process is going to be like.
Is mental math a really big factor? I am not the best at this, quite frankly.
I am more interested in sales and on the equity side, but still open to all - I am a rising junior.
Guide to Citigroup S&T Interview
After receiving an invite to interview with Citi, you have some preparation to do. The Citi interview is broken down into technical, markets, behavioral, and case study components. You should be prepared to answer all the usual behavioral questions.
You can work on these types of questions through our Free Finance Interview Guide.
You can prepare for the markets component of the interview by reading the news and reading about movement in the markets each day.
You should put together:
- An outlook on the S&P 500 (a proxy for the US markets)
- An outlook on major country economies / markets (China, Eurozone, EMEA)
- Have several pitches ready to go - preferably a short pitch and a long pitch.
These pitches do not need to be for equities. If you can put together a non-equities trade that is strong, that is particularly impressive.
From a technical perspective, Citi is known to ask questions about bond concepts such as duration and convexity. You can also review more below.
Citi Case Study Prep
What makes Citi's super day process different than most BB's is that they do a case study in the interview. User @Rotterdam", a sales and trading associate, shared a detailed explanation of how this case study goes:
First thing was a case study where you were a consultant for a company that was looking to make an investment and had three different options. There was a packet that laid out the pros and cons of all the investments and gave you some basic facts about them. In my opinion, the packet explained way too much about each investment and basically gave you the "right" answer if you even somewhat know how economics works. If they were wanting to see what people knew and how they thought about problems they should have given a lot less information.
When looking at the investment it is important to compare it to the companies current business model. Does each investment increase or decrease overall company risk? Is it a natural hedge against other things the company does? Mitigating risk is always good. Try to think about both wide spread macroeconomic conditions. For example, if the company in the study is a residential real estate developer should they buy a bunch of mortgage backed securities? Probably not. If they are a steel manufacturer they probably shouldn't invest in the Chinese stock market either considering how closely steel demand and the Chinese stock market move together. You get the idea.
After you read through the case and write down your notes on it they sent me through 6 different interviews. 2 were fit based questions, 2 were technical questions, 1 was general asking me about my background, and 1 was the interviewer asking questions about the case study and playing devil's advocate to anything you say, so be ready to defend your position.
You can read more about interviews with Citigroup on the WSO Company Database.
Read More About Citi on WSO
- Why Do You Want To Work At Citigroup?
- Citigroup Corporate Banking
- Summer 2018 Citigroup Summer Sophomore Leadership Program
Want a Career in Trading?
To begin preparing for your interview, WSO Prop Trading has everything you need to know for prop trading interviews, including a myriad of questions with thoroughly explained answers.