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What team or product?
If I had to choose, I'd do UBS.
Citi with Institutional Clients Group, UBS unspecified. UBS's location either Stamford/Jersey City/NYC, Citi for sure in NYC
Citi is solid because its in NY. See if you can get a more definite answer with UBS. If you have the chance to list preferences with UBS, take UBS because you could end up helping the trading floor/IB and then maybe get an interview in that area for FT recruiting (very hard, but possible if you really apply yourself). Just keep networking over the Summer.
Being in ops has ZERO bearing on your chances at IB. The OP might was well have asked, "OPS at Wall-Mart or Nissan Motors?"
Wall-Mart?
I don't exactly agree, I think they would rather recruit a Citi OPT for its IBD FT than a Wall-mart OPT..
I would take Citi for the networking opportunity too.. but also consider compensations. I think Citi isn't paying that much for OP this year..
No they wouldn't. Because they don't "recruit" from OPS at all. They don't recruit from the wait-staff at Delmonico's, they don't recruit from the New York Yankees, they don't recruit from the US postal service, they don't recruit from the Mayor's office, and they don't recruit from OPS. Don't do OPS because you think it will get you somehow "closer" to banking. because it doesn't and it won't.
Citi for NY, better for networking
Citi
I would go with Citi. Bigger bank, more opportunity to transition, at least in the US.
Perhaps, PMNM, but the point that you fail to grasp is that the same thing could be said about virtually ANY job. A dude working ANYWHERE who then goes to HBS has the exact same chance as the guy who started out in OPS. A position in OPS offers ZERO advantage towards a position in IB. Not zero chance, just zero advantage. If you're working at Citi OPS and you want to someday do banking, you might as well be an architect that wants to someday do banking. No one in IB recruiting will care that you both have the same company on your business card.
Ok I believe you since you are more experienced.. Its still not a bad job for the OP though, not many company offers 60k for a undergrad (8-6 job)
BTW how hard is it for a S&T person to move to IBD?
S&T to IBD
With an MBA: Difficult Without an MBA: IMPOSSIBLE!!!!
thats very over simplified, with MBA from Harvard, it should be a breeze.
Not as easy as you may think. Banks at Harvard are going to interview people who have IBD/ER/more analytical experience first. If you go to a top MBA, difficult means "I go to a semi-target difficult and need to network my ass off". I don't know if you have read Monkey Business, but it is a great example. One of the authors had IBD analyst experience and landed litterally 15-20 interviews with all the major banks. The other author did not have IBD related experience and got only 3 interviews (one went to HBS, the other Wharton School).
Don't underestimate HBS MBAs man~ they usually have all those jobs lined up for them~ probably even for MD positions or partnering with PE/HF staff~
if you are a IB analyst, its very very very difficult for you to get into H MBA~ but when you come out from that MBA program, you are the one.
How difficult is it to move into trading from ops?
Same story as IBD, Trading requires some really good quantitative skills, even more than IBD~
You don't know what you're talking about. If the success rate from ops to trading is 5%, ops to ibd is 0% you might as well just be janitor
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