First Year S&T Analyst: Citi, RBS or Wells Fargo

Creativequant's picture
Rank: Chimp | banana points 12

I need to choose among the following three companies for the 1-st Year S&T Analyst: Citi, RBS & Wells Fargo.

All three companies have great people! I am sure the working environment would be more or less the same (equally good and bad).

But, what about compensation? At the moment, I don't consider going to MBA, etc. If I just want to work as a trader till I am 30-35, which company would likely offer me a higher bonus? (I am assuming the base-pay in all three companies is pretty much indifferent)

Random advantages:
Citi - the company is recovering
RBS - less bureucratic yet. Hence, you start actual trading earlier and (if you are good) you start making big monies earlier
WF - Strong Fixed Income desk

Comments (22)

Oct 12, 2009

Which desks?

Oct 12, 2009

Is this a serious question? BB vs two non BBs

Oct 12, 2009

C

Oct 12, 2009

I'd go with Citi also.

Oct 12, 2009

If you are asking this question, I don't understand how you got offers. again, BB vs two non-BB?
shame on you.

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Oct 12, 2009

You may think that this is the most stupid question on earth. It also seemed to me that way before I went to an interview with RBS. But here is what an RBS trader told me. He said that at RBS you can earn big money more quickly than at Citi or at any other BB firm, if you are smart of course. He is in his late 20-s and he is an MD (he also implied that there are a bunch of young MDs at RBS than at Citi. At least two more 30-35 years old MDs interviewed me before him).

Seriously, this is not bullshit.

Would this "fact" change your responses anyhow?

And regarding the desk: I am not sure at the moment. At all three firms I can pick the desk later on. I will probably try to aim for Fixed Income.

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Oct 12, 2009

if you can make it to 30 you should be okay. dont forget a small footnote.. you have to be profitable for 14 years to make it to 35

Oct 13, 2009

RBS.

As you said, a lot of young guys at RBS and plenty of room to move up the ranks. Not so much the case at Citi, I would think.

Let us know what you decide to do.

Oct 13, 2009

I think it's between C and RBS. Here're some things to ponder

Do you know which desk you want to be on/which are available?
Would you want to work in connecticut?

Oct 14, 2009

I would say go with WF, C, RBS in that order. WF is probably 3rd at this moment, but you have to be forward-looking. They acquired Wachovia, and are really expanding their capmarkets activity.

Oct 16, 2009

If your interested in fixed income go with Citi. They're going to pay back the bailout money asap. Barclays, rbs and the rest of the European banks are all facing increased regulation on bonus pay from the UK government, I would steer clear from them

Oct 17, 2009

I don't see how Citi's fate would be any better than Barcap or RBS' truth be told - Barcap would certainly look the better bet for the long term.

Citi's not the firm it once was - even if they should repay TARP anytime soon, they're still a million miles from coming anywhere close to paying out bonuses at the pre-crisis level.

Beyond the fact that their consumer businesses (notwithstanding the sale and scaling down of their businesses) are still bleeding big time, the fact that they had to sell their stakes in Smith Barney and Phibro (essentially, two crucial cash cows) at knock-down prices just sums it all up.

Barcap would trump Citi/RBS any time...

Oct 17, 2009

At the end of the day, you'd have to report back to your British masters. There is more opportunity at the American BB's, in my opinion.

Oct 20, 2009
edtkh:

Barcap would trump Citi/RBS any time...

Perhaps, but Barcap isn't one of the OP's choices.

Oct 30, 2009

I would take Citi or Wells Fargo. Citi is an established BB and Wells Fargo is an arguable newly formed one on the rise (with huge growth potential). Monkeykingdom is right, look ahead a few years and its prob. better to be at WF/Citi.

RBS blows imo.

Jan 15, 2010

Barcap is a joke, I would go for WF if you are scared of a rough lifestyle and Citi if you want the hardcore/money making experience

Jan 15, 2010

Also, RBS sucks

Jan 15, 2010

Do not take RBS, look at their critical condition, its quite bad.

I would go for WF for its healthy balance sheet or go to Citi if you are feeling more risky. I'm not sure which is strong in what groups but you can't go wrong with those 2.

Jul 13, 2010

30-35 year old MDs are quite common in S&T. Don't be so wide-eyed at that.

Jul 13, 2010

This thread probably just made this kid 10x more confused hahaha...
Go with your gut pal. If you did the research on these companies and decided to apply to positions at them didn't you think about this possible outcome? What are you leaning towards?

Jul 13, 2010
Jul 14, 2010