Citi Superday Sales and Trading Advice

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:

Rotterdam - Sales and Trading Associate:

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

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Comments (17)

Jun 28, 2017

DM me your questions

    • 1
Best Response
Jun 30, 2017

Slow morning at work so I will share my story. I went through a superday with them a couple months ago and received an offer.

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.

I'm not going to go into what technical questions were asked because those are entirely up to the interviewer and one of my interviewers that was supposed to ask technical questions walked in and said "this is supposed to be one of the technical interviews but I'm not doing that" and then proceeded to just ask me about my background, college, etc.

    • 2
Jun 30, 2017

Hey - thanks so much for this!

For the case study, so would you say whichever investment has the lowest risk is the one to go with? Or does it give you the return numbers, so you would need to calculate risk-adjusted return? More qualitative or quantitative?

Jul 1, 2017

Nope, no numbers. More just along the lines of the company you are consulting specializes in x. They have some extra cash and want to make an investment and are trying to decide between z, y, and w. Here are the benefits and risks of each investment. Which one should the company take?

I went with the answer that best mitigates risk because if the company is going to invest in something that is highly correlated to what they already do then what is the point of making the investment? Wouldn't the money just be better spent investing further in what the company already specializes in? That was my thought process anyways.

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Nov 16, 2017

Tell HR that you won't be back until the 19th. They will understand and push it back. Also, Citi S&T superdays go until early Feb so you'll be fine

Nov 16, 2017

Thank you! is there a disadvantage to do the superday late?

Nov 16, 2017

To add to what's been said above, I personally wouldn't email them and ask about changing it if I'd already committed to the superday on Jan 16. In that scenario I'd act differently.

Nov 16, 2017

Yeah, I haven't committed to it yet. I booked the tickets two months ago and just got an email on Friday telling me that the superday is 16th so I haven't got a chance to reply yet. Should I email the hr then? I am worried that HR might change my date but since many candidates get offers right after the superday there might not be space for me if I do it late. That's my speculation, please correct me if I am wrong.

Nov 16, 2017

Tell them you have a flight booked, Citi runs multiple superdays through Feb (I know different guys that interviewed 3 weeks in a row during Jan), chances are there will be one the next week that you can get into.

Although...how much is it to switch the flight?

Nov 16, 2017

Email the HR and switched to a later date. I really hope this will not give me a disadvantage.

Nov 16, 2017
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