Citi vs. Deutsche Bank S&T SA
Hey guys, have an offer for Citi sales & trading but also more interviews for DB. Does anyone have any insight into the respective reputations of both programs or the % of SA they hire on a general basis?
Get the DB offer and then worry about that stuff. Focus on getting the offer.
The offer for Citi expires on the same day as DB interview
I hate recommending this, but take the offer. You don't want to find yourself SOL by not taking it and not getting a DB offer. I'd recommend still going on the DB interview, and if you receive the DB then really dig into which firm you want to spend your summer experience with. With that being said if you accept the offer at Citi and goto DB don't expect Citi to like you to much
Reach out to DB and ask if they can move up the interview date for you -- tell them you have an offer from another firm, but that DB is your first choice.
All the BB's should be very accommodating when you have an exploding offer elsewhere. They realize people are applying to multiple banks, and if anything it looks good to DB to see you reach out and tell them this.
Thanks for the advice lads- will accept Citi and try to get the date moved up for DB.
Dude I think you missed the point .... You should try to get the interview moved up for DB first and if not possible then accept Citi and risk it ....
+1 @TriRunner
Both are great trading shops that generally speaking are large risk takers on the ficc side. If you have the Citi offer and u can't get an extension for the DB interview, take it
Citi Quantitative Trading vs Deutsche Bank S&T Internship (Originally Posted: 02/16/2013)
Hey everyone,
I'm trying to decide between citi quantitative trading and DB S&T for a summer internship. At the moment, I'm leaning towards citi because the program seems unique among the BB and the interview process was pretty intense. If it matters, I was notified that I was pegged for 2 trading rotations at DB.
Thanks for all your help.
first of all, congrats, getting offers from Citi and DB is really impressive!
I'm not an expert, but what I have heard is that Deutsche Bank is globally the top BB for foreign exchange trading as well as anything that got to do with structured products trading, e.g. ABS trading. If you are interest in ABS or FX and you can choose the two desks you will intern at, then I guess DB will be a better fit for you.
Citi, however, has a strong name as well and I think citi is back on the way to the top BBs. also, quantitative trading has a great future and I agree, your citi internship offer sounds really unique indeed. and if the interview process was very intense as you said and you made the cut, then they must really think highly of you.
another point is the culture aspect. I've heard that especially citi is known for its very friendly work atmosphere. I cannot tell on DB for that matter.
so summing up, if interest in ABS and FX and you can choose those specifically, then DB I guess. if you are interest in quantitative trading and if it does not necessarily have to be ABS or FX, then citi.
but no matter which one you choose, you cannot make a wrong decision. both are exceptional firms, great reputation, great for your cv and, if you are made a full-time offer, both offer generous salaries.
//www.wallstreetoasis.com/forums/can-someone-please-explain-me-the-differ…
can write so much on this topic
I would choose Citi, the fact that u got in means u have strong quantitative skills and i think their quant group does quite well. High FT conversion rate too.
Thanks for the advice so far. I have to make a decision in about a week and want to be sure that I make the right one.
Any info on whether FT compensation for these positions is equal? The SA pay for them is the same.
Interested in FT comp for both too.
I'm interested in this quantitative trading program at Citi. what academic background do you have?
Math/CS double major from target, 3.5+ gpa, high test scores.
sounds great. I'm a math major, but I realize how CS becomes more and more important every day, so I should definitely improve my programming skills.
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