For a generalist offer to IBD, which is overall "better" in terms of prestige, culture, etc:
Credit Suisse (New York)
Citi (New York)
I have until the 22nd to decide on which offer to take, and I'm split!
If you are feeling uber helpful, it would be great if you could rank the top two or three groups in IBD for each firm as well!
| +152 | How to stop feeling like shit for not making it in IB? | 57 | 4h | |
| +115 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 58 | 3h | |
| +80 | Updated LA Banking Scene (2024) | 57 | 1h | |
| +38 | Ranking banks that went under | 20 | 8h | |
| +34 | Burnt Out M&A ASO | 18 | 6h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 15h | |
| +29 | Relevance of A-Levels for U.K. London recruiting | 21 | 21h | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +26 | Intern Ettiquette | 4 | 17h | |
| +23 | What are hours like at BBs in London? | 47 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
CS
CS
CS
They're the same thing dude. Go with the people you like.
Most people on wso don't really know what they're talking about. When you start working you'll realize a lot of the "advice" on this board is just entertaining noise.
Talk to people at each firm. They may be biased but they're not still hs/college students.
Haha started typing my post before seeing yours. Agree 100%
Citi = Solomon Brothers CS = First Boston + DLJ
Hard to go wrong with either firm - Citi has a great M&A group, CS a top Sponsors group. Citi was better prior to 08, but now CS probably has the edge. Citi's making a pretty decent comeback, though, so by the time you start full-time next summer, who the hell knows?
Go visit each office and see if you like the people there. That's really all that matters.
CS
Team matters. People matter. Whom you like more/better fit is hugely important. Trust me. Visit and decide then.
Thanks everyone for the thoughtful responses; It looks like I have a decision based on people more than prestige, so I have some conversations to initiative.
this has nothing to do which exit ops or league tables but i'd choose citi for its real estate. not of fan of cs's "campus" at madison square
I go people first but CS is in a dark place right now from a comp perspective. Probably not a huge issue at the analyst level though.
Whoever threw monkey shit at us = works at Citi.
It's was obviously not a serious post. It depends on a lot of factors. Like the above posters said, which team did you get along better with? Is there a group that you're "particularly" more interested in? What school do you go to (which firm has a bigger alumni network)? Do you have connections anywhere that could help you get into a group of your choice? There is not clear cut answer like you're making it sounds like.
But most importantly: Do you speak German or French?
I would choose CS but ya something to consider is their compensation problems
For a generalist offer to IBD, which is overall "better" in terms of prestige, culture, etc:
Credit Suisse (New York) Citi (New York)
I have until the 22nd to decide on which offer to take, and I'm split!
If you are feeling uber helpful, it would be great if you could rank the top two or three groups in IBD for each firm as well!
Greenwich street where Citi's office is is a very nice and chill area close to FiDi where you could cheaper living accomodations. Even though ill be working in Midtown for the summer I want to live by Citi's office bc it is nice.
Just a thought
Whoever threw monkey shit at us = works at Citi.
It's was obviously not a serious post. It depends on a lot of factors. Like the above posters said, which team did you get along better with? Is there a group that you're "particularly" more interested in? What school do you go to (which firm has a bigger alumni network)? Do you have connections anywhere that could help you get into a group of your choice? There is not clear cut answer like you're making it sounds like.
But most importantly: Do you speak German or French?
I'd do CS if you don't know the groups and don't have any strong connections at either. The banks are too large to say they have a single culture.
C and CS are pretty comparable in most regards, but I think CS is less likely to undergo layoffs/slash bonuses going forward than C. Mike Mayo's "Exile on Wall Street" makes a compelling case for Citi leading the pack in risk taking, while CS already abides by stricter Swiss regulations.
But really, they are not different enough to worry about. Location might also matter: do you prefer Tribeca or Midtown?
I thought only cs and ubs try to spin the stricter regulation into a good thing... Isn't Citi's tier 1 capital among the highest? Also, haven't heard much about problems with Citi pay like the ones barcap and ms are experiencing.
It's only been a month but Thomson Reuters as of Feb 2, 2012 says... M&A CS #6, C #1 Equity CS #7, C #2 Debt CS #9, C #4
Link please? I'm guessing this is announced?
For Worldwide Announced M&A: 1 GS 2 C 3 JP 4 BarCap .... 9 CS
For US target Announced M&A 1 C 4 CS
(I'm just quoting the Thomson One tool...and don't work at either CS/C)
really guys? using 1 month of data....? good luck with that.
Hey, i agree entirely. I wasn't making a point, just saying that those numbers were valid.
How did 2011 numbers shake out? Not at my comp.
fuck prestige. holy shit this is retarded.
At first glance I would say CS, but really what is most important when picking a group is not really prestige. Sure you need to think about exit ops, but if you feel like you mesh well and work with a group the best, see that you have some potential to learn a lot, and genuinely like the individuals...you are not only going to have a more enjoyable life but you will have better relationships to utilize when taking the next step. Focus on fit in that sense.
^this
when people start such discussion topics , i have a feeling that they're trolling!! e ither way, look dude, CS is a great bank and possibly in the same tier as Citi. There's GS/MS/JPM (tier 1), and the rest of the banks can just be classified as one tier in terms of prestige - though im doubtful about UBS now. having said that, Citi NOWADAYS will offer you more stable job security than CS just because that CS and UBS both have announced plans to shrink their IBD division.
Shrinking IBD --> Departure of Rainmakers ---> More pitching & less live deals
Yes citi might be ranked 2nd right now in m&a but its been only 1 month though this year has been a great start for Citi in terms of mandates won including glencore. its a sign that their investment in shit tons of MDs last year from UBS might be paying off!
I'm in the same boat now. Which one did you end up choosing? Are you still there or did you move on to something else?
Credit Suisse vs Citi (Originally Posted: 11/26/2013)
I have two summer analyst offers in London - IBD and Capital Markets Group at CS and capital markets origination at Citi. I'm most interested in Leveraged Finance - and while I'd hope to get into LevFin, there is no guarentee... Thoughts on which I should take? CS have merged levfin and financial sponsors so I've heard that's a pretty strong group...
Don't know about CS Cap markets, but Citi CMO, in the US at least, has a shit ton of random groups (like almost 20 of them). Besides having a stronger LevFin team and reputation at CS, I wonder if your chances/alternatives are better there too.
I'm curious- do you go to a school in the UK? anyway, as for your offers- i can't say which one really sounds better, as they really sound about the same
however, i have heard from my friend that it's much easier to lateral between divisions at Citi, so i would consider Citigroup the safer bet
CS, at least you might get do do some modelling etc. Citi CMO is a wasteland... could be good, but depend what you stumble on
Agree with @matayo - people in Citi tend to lateral pretty easily..have friends who did this successfully (MO to FO)
A friend of mine mentioned that at Citi they would much rather let you lateral than lose you to a competitor
Rerum magni nisi et illo nam velit ut. Deleniti ducimus tempora quas est. Molestias quisquam reiciendis odio consectetur autem totam. Incidunt consequatur odit necessitatibus odit impedit.
Soluta sed delectus doloremque expedita non. Occaecati ea ut voluptas autem illo non in. Distinctio ducimus voluptas sit voluptatem ut. Dolorem dolorem adipisci repellat quod quibusdam aut. Harum itaque similique quam quis a tempore voluptate odio. A iusto vel aliquam architecto.
Vel necessitatibus laudantium necessitatibus optio. Dicta molestias in voluptatem vero quo.
Et dolores magnam impedit eligendi architecto qui qui. Sed consectetur enim error cupiditate nemo asperiores animi. Tempore facere vel error autem. Saepe quod non blanditiis enim dolores expedita officia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Dolor et quia accusantium et. Quo et voluptas molestias. Velit mollitia qui voluptas cupiditate quia. Possimus magni exercitationem facilis in et. Corrupti laudantium natus officiis id aut repellendus debitis. Tempora dolor et labore recusandae qui.
Molestias nam laborum rerum voluptas sit harum. Odio officia dolores assumenda est. Modi saepe reiciendis dolores itaque veniam. Quos explicabo in et assumenda aut ad voluptatem dolorum.
Esse quis quod et eum. Quibusdam perferendis inventore vel natus facere. Odit omnis minima ea est modi quia dolor.
In rerum quia esse. Molestiae qui eum unde beatae. Voluptatem quidem aliquid explicabo ullam rerum nihil. Accusantium reiciendis doloremque placeat odit itaque.