OK, so the two options I have to pick from ASAP are:
> UBS IBD London, UK (generalist - could be anything from M&A, through ECM to LevFin), 9 week programme, of which one is training.
> Citi IBD Frankfurt, Germany (generalist on paper, but mainly M&A as far as I know), around 10 weeks programme.
> UBS pays twice as much as Citi (in Frankfurt banks do not pay pro-rata analyst salaries to summer analysts, but living cost is also lower there)
> Personal fit was very good at UBS, but even better at Citi.
> Met six people face to face at UBS, twelve at Citi (including ones from London office whom I met at networking events in the UK). Got along great with every single person from Citi.
> Interviews at Citi where much more challenging technically, hence more interesting than UBS, leading me to the impression I may potentially learn more there.
> Citi has on the job training sessions throughout the internship.
> Citi Frankfurt ranks the top 4 or 5 in the German league table, and has worked on very interesting deals in the past year. How does UBS compare?
Factors to take into account:
> I want to secure a full-time analyst position (I will graduate after that summer analyst stint).
> Worried about cuts at recently (I know it was mainly their fixed income division, nonetheless...).
So, I'd be interested in any Europe based users to give their insight on what to choose and why...
I need to decide by tomorrow.