Just got a FT IBD Offer with Citi but have already verbally committed to another
Hey Guys,
So I've verbally committed to a boutique that gets shit on here all the time but is still pretty solid. I thought my Citi interviews went so terribly so I accepted verbally, however, not I have this Citi offer and I am stuck on which to choose.
I really like the people at the bouqitue, the fact that there is no office politics, the higher salary, the higher bonus (presumably) etc.
Citi is definitely the better name and I would probably get better experience there bc of more deal flow. Also think the exit opps from the boutique are less so than Citi.
Any opinions on what I should do. Am I basically reneging even though I never signed anything?
you're fine to reneg. go for citi if you're sure you prefer it
No written commitment = not binding (in my opinion, anyways). Just go to Citi.
I'm guessing the boutique that "gets shit on" is Jefferies.
1) JEF is MM 2) JEF pays above street
Is Citi still recruiting?
verbal acceptance means nothing. take citi. JEF does not pay above street... lol
would citi be more of a risk? in terms of job security? With the CEO stepping down....
assuming this account is accurate, http://www.nytimes.com/2012/10/26/business/citi-chairman-is-said-to-hav…, how would that have any effect at all on an analyst?
Its not jefferies. Jeffco is.mm. Comp is 75/15/55-65 at the boutique
your boutique is paying more than street
Yes, I know. Thats why its hard to turn it down. They also dont tier their bonuses. Usually 55-65 while I could end up middle or bottom bucket at db.
I think you're seriously overestimating the amount of Citi IBD analysts who end up in the middle or bottom bucket at Deutsche Bank.
sorry, c is right.below d and I was trying to write cb (citibank). Phone sucks
boutique pay is sick.. guessing its FTP?
Pretty sure Jefferies donut'd a bunch of their people in the last three years
why are people thinking its jeff? most people would take jeff or citi, i would hands down.
unless this boutique has solid brand name (not FTP) then take Citi. Otherwise I would take the boutique offer.
I have not heard of ANY shitty boutique that pays above street. Most no-name boutiques pay at around 55-65 base with ~20k comp if that.
75+15 must be at a legit shop and JEF never "donut'd" anyone with exception of analysts leaving prior to bonus
from the responses above it looks like you have your answer. citi for good deal experience and better exit opps. the end.
Don't underestimate the impact of reneging. Finance is a small world. Also the boutique could have a lot more job security
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