Received an offer for operations analyst 2 year program from Nomura and Commercial banking 2.5 year rotation program at Citi. Which one do you guys think is better in terms of exit opportunities, for b-school experience and in terms of overall learning scope?
| +117 | Is my life over after not getting GS? | 28 | 1s | |
| +71 | Best IB group on the Street | 31 | 3h | |
| +58 | BIG FOUR ARE PARADISE | 15 | 16h | |
| +51 | Thoughts and tips on how to speak like an investment banker. | 25 | 16h | |
| +48 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 7h | |
| +36 | UBS Outlook | 28 | 1d | |
| +35 | How to deal with egotistical team? | 6 | 3d | |
| +33 | Highest Paid Bankers in Toronto? | 51 | 13h | |
| +26 | Very ridiculous interview feedback | 13 | 58m | |
| +25 | Got RBC offer but I have cold feet accepting. | 34 | 3h |
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.
Depends on what you want? Obviously commercial at Citi generally speaking. Better brand name plus at it could be a front office role.
In fact, there's no question you should take commercial at Citi unless you are an odd one.
Do you have an idea of how much commercial banking pays and perks?
Pay- Typical 1st-yr analyst out of u-grad is $55-65k base, $5-10k signing, $5-$10k bonus. I would probably say in your 2.5 yrs, you could expect to take home an average of $70k/yr all in.
Perks- Hours are pretty good. Typical week is 55-60 hrs with little weekend work. Another perk- while the deals you work on are simpler, you will do a lot more deals than IB. Great exposure to many different industries/companies. Analyst roles will eventually feed into RM roles, which is where CB gets attractive. Can make $200k+ working 40hr weeks in 7-8 years if you can sell.
which school are you going?
Doloremque fugit soluta occaecati nemo id magni. Vel corrupti neque totam consectetur. Totam velit aut rerum labore similique.
Exercitationem quod reiciendis voluptas. Magnam nulla cumque vitae ut. Et non aut omnis dolore. Illum provident impedit placeat dolores. Enim suscipit ea qui delectus.
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...