Citi

Does anyone have the Citigroup credit primer document, from around 2004/2005, they would be willing to share? Much appreciated if so. Thanks to PrimeP: https://www.mediafire.com/file/jyxyn5spyqtdfia/Cr…

08 Aug 2021

BB Rankings: 1. Goldman Sachs / Morgan Stanley / JPM 2. BofA / Citi / Barclays 3. Credit Suisse / RBC 4. Wells Fargo / DB / UBS EB Rankings: 1. PJT / Evercore / Centerview / Qatalyst 2. PWP / Lazard / Moelis 3. Guggenhiem / Houlihan (Note: both RX teams would be tier one) 4. Rothschild / Greenhill MM Rankings: Jefferies / Raine / Cowen / Baird / William Blair Meh, weak groups: Stifle / Nomura

17 May 2021

Hi all, I was curious if anyone knew anything about the "Leveraged Portfolio Group" at Citi? There is only one mention of it on this site talking about the broad credit management teams and from what I've heard from a friend in a different part of the bank this team has changed recently. From what it seems it's a PM function for Citi's lending exposure to HY clients. That being said I heard they are within the C&IB bucket and sit with the capital markets teams, so I'd assume the experience is different than a risk function. I pasted the description below, as it seems like you might actually

10 Aug 2021

Want the SparkNotes? We got "banker speak" for nothing. But you don't need a SparkNotes because it was only a whole 30 seconds or so on an hour-long call. Senior Leadership on Junior Banker CIB-wide call: "We saw the materials and saw the forum" - nice, I would hope so. "We're exploring resources and solutions" - as you said you have been for months on end now… and as you SHOULD be at all times… without a deck or forum or having to tell me lol. "We've set a net zero emissions target for 2050" - sick bro. So what value did any junior bankers at WF pick up from the call? Please chime in because

31 Mar 2021

Hi everyone Anyone has intel on Citi tech in London? Culture, hours, deal flow etc?

30 Jun 2021

Have Silver Bananas for helpful comments. Incoming SA at a "mid-tier" BB in NYC in what's considered a "top group" on this forum. Think: Bank of America (Lev Fin, M&A, Sponsors) Barclays (Nat Res, P&U, Sponsors) Citigroup (Industrials, M&A) Credit Suisse (M&A, Sponsors) Would like to either stay in banking with a strong team or leave for MF PE / HF (like every other SA on this forum). Top target background. Trying to switch banks for FT seems risky to me. There's tons of posts on this forum about how small Wall Street is and even though it seems likely I will get a return offer, I don't want

07 May 2021

Since apps are open and info sessions are starting soon at targets, thought I would make a thread. Any updates on the expected interview timeline?

15 Feb 2020

Congratulations, Citi. One year into the pandemic, you've finally started giving your juniors what every other bank (ex. GS) is giving, a WFH dinner stipend. I don't know why I was so naive as to expect you to do it properly though. No pickup, seriously? So I can't get food from a place that's down the block from my apartment. Every analyst has to have food delivered to them, and spend a third of the amount on service fee + delivery fee + tip? So you're finally giving the stipend, but want to make sure that analysts are glued to their seats if they want to get it? You fought tooth and nail not

15 Mar 2021

This post has been long in the making, about finance and meritocracy : ****WARNING: Details have been slightly altered to hide my identity" X years ago, I did a summer internship at an eastern-European office of Citi in CIB -coverage. The office was not glamorous but it was a great opportunity as : - I knew I wanted to do a masters so did not care about the full-time offer - I go to a STEM non-target school (Got admitted to oxford but couldn't afford it) so thought that a brand name would help the masters application _________________ Close-up at Citi: - During my interviews, the local HR

11 Jul 2021

Haven't seen a thread about this yet. Are they interviewing for this program? Did they invite all applicants to the webinar series?

06 Jan 2021

I know this program appears to be still accepting applications, but does anyone know will there be any changes to the program (postpone, virtual, etc.)? Also, if anyone hear back from Citi or get accepted, here could be a place to share the news. Thanks a lot and stay healthy!!!

19 Mar 2020

Interned in Citi IBD London and was wondering what the conversion rate was there. Was it 100%/close to 100%?

26 Aug 2020

Citi sophomore leadership applications opened up a few days ago. Figured I would make a thread since I have not seen one. I submitted the application and the assessment following it. Does anyone know what the recruiting timeline looks like/have already heard back?

10 Jul 2018

Sometimes I found job posts which show both NY and London in location, like this one from Citi: https://citi.wd5.myworkdayjobs.com/en-US/2/job/Ne…. The same happens in other banks as well. I guess it means it will only hire one either in NY or London and I need to compete with candidates not just in London (for working in London) but also those in NY (for working in NY)? I thought they serve very different markets so I don't see why one can be a substitute of another. And in this case, candidates in NY get

17 Apr 2021

Citi's FIG group recently came to campus, and it is said that their FIG group is pretty good on the Street, like considered better than their general IBD department. I am wondering if that is the case, and what the exit ops look like? Got a FIG offer for the summer. Was wondering about this since there were next to no recent threads on Citi's IBD, nor FIG group in particular. Thanks!

16 May 2020

Which banks crushed it? Which flopped? My $0.02 below. Total global M&A deal value grew by 92.5% year-over-year for Q1 2021. Ergo a bank that grew M&A deal value by less than this LOST market share year-over-year and a bank that grew more than this GAINED market share y-o-y. Source: https://markets.ft.com/data/league-tables/tables-… Market Share Gainers Jefferies: Made the Top 10 for global M&A deal value and grew global M&A deal value by over 800% y-o-y. Hats off. Not sure if they had a bad Q12020 or amazing Q12021 - probably both. Barclays: After getting

31 Mar 2021

Hi WSO, I recently receive these two offers. Offer 1:Deloitte Consulting (Analytics & Information Management) Offer 2:Citibank Strategic Planning Assistant (Consumer Banking Contractor with chance to convert to FT analyst) The job in Citi would be assisting with planning for credit card operational strategy in consumer banking+compute interest rate and payment related work. My ultimate goal is to either lateral to MBB or get into top MBA schools, preferably after working for 2-4 years, and my interest is business strategy. Which one should I go for to get closer to a real"strategy role" and

27 May 2020

Diversity recruiting has been the subject of several posts over the last few weeks. Although there are existing WSO posts that try to aggregate opportunity for diverse candidates, this one aims to be an exhaustive list that includes all the introductory programs and formal internship pipelines offered by firms on the street so candidate are aware of these opportunities. As new opportunities continue to be created, I plan to update this list. diversity investment bank programs The opportunities are separated into two buckets: introductory programs and internship opportunities. Introductory

03 Jan 2017

Citi is combining the chemicals, energy, and power group under current energy global head Steve Trauber. IIRC, this follows a similar move from Credit Suisse last summer. https://www.crainsnewyork.com/finance/citi-create…

29 Mar 2021

NYC offices only: From what I can gather on this site, these 4 banks have typically been in the same range in terms of exit opps and overall prestige. I know this has been covered a lot, but I'm wondering if anyone has more recent thoughts given the craziness of 2021 (looking at you, Archegos) on the exit opps, WLB, culture, deal flow, and overall prestige between these 4 banks in NYC. Some kind of definite ranking specifically for exit opps would be pretty cool as well. Thanks!

14 Sep 2021

Just got the invitation to a phone screening after the program. Markets (S&T) track. Anyone know what the phone call will be like?

09 Mar 2019

I got an offer for Citi IB SA and I was curious to hear what the consensus was about Exit Opps and Reputation for some of its groups. I am interested in Media & Comms, M&A, and Industrials, but wanted to hear what other people think. I know for M&C it's not as strong as the boutiques that do it like EVR, PWP, and PJT, but are the exits still decent? I'm pretty interesting in the space. Will I get real deal experience or do they do more Debt Financings and Equity Offerings? M&A I'm guessing does well across the board but is probably pretty competitive. I've heard good things about Industrials

21 Aug 2018

FrontPage of the WSJ. Article says nobody saw this coming. His resignation is effective immediately. Wtf? Mod Note (Andy): See these related threads: "Pandit's Legacy"

It was a boardroom coup, I went to high school with the son of the member of the board and was able to speak to him for a little while earlier today. He said that the board and Pandit had opposite views on the future of the company and neither wanted to budge. Basically Corbat had more backing and shared the views of a majority of the board on the future of Citigroup.

18 Oct 2012

Hi all, Anybody out there have some insight into the different groups for Citi Capital Markets Origination? I've read on this site and other about LevFin and DCM/ECM being better options in terms of breadth of knowledge and exit opps, but honestly can't find more detailed info than that. Someone I spoke to recently mentioned some groups are more modeling intensive than others - seems odd given that everything else I've heard indicates that CMO in general doesn't do much modeling, if any. Wondering if anyone has some more insight here - do any groups model in CMO? What are some high level

07 May 2019

Hi all - how would you rank GS Cross Markets Group (CMG) vs. Citi/BofA/Rothschild TMT (All London)? Any info on how sweaty these teams are would be very appreciated!

27 Mar 2021

I have an offer for Citi's 2019 CMO program, and received a Superday invite to S&T at Goldman. What are pros/cons of each, and which would you suggest I take? The Citi offer expires before the S&T Superday, and I'm not sure yet if I can move my Superday earlier. I know Goldman has a better brand name, but I'm not sure if in general it is worth that much more. I'm trying to move into IBD full time-would either give me a better chance?

22 Aug 2018

A new cocky asshole has broken into the epic recruiting fail scene! Seems people will never learn. Let's see if we can be the first site to figure out his identity. [quote] From: Redacted Sent: Monday, February 14, 2011 11:55 AM To: [redacted at Citi] Subject: Re: Citi Sales, Trading & Quantitative Analysis Summer Analyst Program Hi Redacted: Thank you so much for replying my email!!

15 Feb 2011

Gents, I have been granted several offers to join the following groups post MBA. A bit about my background worked in IBD for 2 years and moved to H.I.G Capital after in Brazil. Went to do my MBA at HSW and my main goal was to be in the US for some time. My plan is to work in an M&A group that will: 1) Give me exposure to large and complex deals --> Quality and size of Dealflow 2) An environment that challenges me every day ---> Access to smart and ambitious professionals 3) Optionality to break back into the buyside at a large megafund (KKR, Blackstone, Carlyle)---> Looking to go back to PE

16 Jan 2016

This is my first post at WSO after being a spectator and admirer for a long time. Now that I have gotten an offer from a BB (Citi) in NYC for a SA position in the PB, I can finally ask my question and get some insight from you all. So I got the offer for Summer '22 (a really good one, too) and I am currently in the process for recruiting with JPM in their AWM Division - specifically in Asset Management Products and wanted to know which opportunity is better and which will give me the better chances of staying and getting a return offer to stay FT out of the two. Also, I would like to know what

05 May 2021

Would you guys rather take a top group at CS/Bar/Citi that has proven to give great exits, or a mid tier group at GS (Classic)?

16 Apr 2021

Hello, I want to apply to two different groups at Citi. When I started application, it automatically brought me to step 3 skipping the resume upload part because I previously applied. How do I submit different resumes for different jobs? And the cover letter as well?

28 Jun 2021

Hey guys, I'm wondering if bulge bracket banks have been still requesting drug tests for the interns whose internships became virtual? Not just in NY but Houston, Chicago, SF info is appreciated. I already heard that they cant test for THC in drug tests in NY anymore, so I don't need NY info. Info on bank's policies going into this summer in the other locations is much appreciated. Thanks in advance, I'm just trying to chief before my internship because I'm bored.

24 May 2020

Anyone have any idea what the timeline is for Citi 2021 FT Analyst? Are there Superdays are coming up for some divisions?

07 Feb 2021

Hi WSO monkeys I got an offer to join Citi in London. Which are the best teams in terms of dealflow within the bank? I saw several articles speaking about Industrials in the US being strong, is that the case for London? Any views on Power&Utilities? Thanks!

05 Feb 2018

Hey WSO (first post btw), Rising sophomore at a target here, planning on applying for this Citi program. Wondering if networking plays any role in the selection process. I know the program mostly takes diversity candidates and I'm not one, so I'm hoping a combination of strong resumé/GPA and networking could be enough to finesse a spot. Spoke to an IBD analyst there who wasn't too familiar with the program and unsure if referrals are a factor. If any past applicants/participants could shed some light that'd be great. Cheers. P.S. This forum has been super helpful in getting a sense for the

19 Jul 2020

What does everyone here think this will mean for the 2020 SAs? The guarantee was made of an offer subject to "minimum requirements", and Citi are probably looking long term wrt this, so would assume it would have no effect. Would be interesting to know opinions on here though.

22 Aug 2020

Hey all. I just got notified of 2 offers I have for a summer analyst position at Citi and Evercore. Which would you guys take for a summer analyst role? Obviously, summer analyst leads to FT offer, so this is almost like deciding where to go for FT. Which one has better exit opps after banking? Which one would you guys choose?

16 Jan 2012

Hi monkeys, Earlier today I found out that I was selected for an on-campus interview with Citi for their 2020 Corporate Banking Summer Analyst position. While I'm quite excited since it will be my first financial services interview (excluding dozens of networking calls with alumni and recruiting events). With this in mind, I want to make sure that I do eveything I can to properly prepare. Any general advice and/or tips would be greatly appreciated, thanks!

19 Mar 2019

Want to know the pros and cons of S&T at any of those places assuming I don't know specifically where I want to go into (FICC, Equities, etc)

28 Nov 2018

Hi guys, Just wanna start a thread discussing HK IBD and specifically Citi. I know Citi is not the highest ranked bank on the street, but I am just curious about their groups based in HK. It seems to me that they have been hiring a lot recently, including Brian McCullough for FIG (http://www.reuters.com/article/2011/03/18/citi-mc…) and Wei Wei Zhao for China Team (http://www.asiamoney.com/Article/2792541/Citi-nab…). Also, regarding people move in 2010, please see the link below, which you may find interesting. (http://blogs.wsj.com/exchange/2011/01/28/interact…) Any opinion is welcomed. Thanks!

31 Mar 2011

I know, I know. Everybody hates these comparison posts but I go to a southern school where there's not much available experience on IBD.I'm looking at summer associate offers and am interested in M&A. Both firms give summer offers followed by a matching process sometime in April. I'd like to compare the firms along the following dimensions: 1. strength/prestige of M&A practice (integrated groups and exclusive sales vs Citi M&A) 2. future potential/growth of groups over next few years 3. full-time comp (does barcap face british restrictions) 4. PE exit ops

22 Jan 2011

Hey guys, I have an offer for full-time IB at both Citi and Jefferies in NYC. I know a big part of my decision will be the group that I get into at Citi, but we don't find that out until after training and they can't make any guarantees. I would like to be in either m&a or comm there, but who knows what will end up happening. Anyway, where would you choose to go? What place has a better name right now in terms of exit opps? Also, if anyone has any color on the groups that are best at Citi, please let me know. Thanks for the help.

20 Oct 2010

Three offers are outstanding at the moment. Citigroup IBD NYC - group determined next year (I heard there's only like 1-2 M&A spot next year so I know for sure I wont get it). Very likely getting a coverage group like healthcare or something. Barclays Capital IBD NYC - group determined next year BAML IBD NYC - I recently recieved a group specific offer (please do not ask which group as it would disclose who I am...not many got called). The group is an avg coverage group (just imagine it being in the middle among all the BAML coverage groups in terms of exits/reputation)

20 Oct 2010

I recently interviewed at the Citi Commodities Analyst program. It has been 2 weeks already and I haven't heard anything back. Did anyone else already interviewed for this position before? Definitely would like to hear your thoughts or share any intelligence.

04 Oct 2019

http://dealbook.blogs.nytimes.com/2008/10/03/well… Wells Fargo said early Friday that it would merge with Wachovia - including the troubled Charlotte bank's banking operations - in a $15.1 billion all-stock merger. The announcement comes only four days after Citigroup agreed to buy Wachovia's retail banking operations for about $1 a share, at the government's behest and with its help. That deal would have left Wachovia with only its securities and retail brokerage. Wells Fargo, based in San Francisco and considered one of the strongest banks amid the market turmoil, said that the deal requires no assistance from the Federal Deposit Insurance Corporation or any other government agency. It will raise up to $20 billion by issuing new shares, primarily common stock.

03 Oct 2008

Hi, I have a superday for Citi in Houston (the global energy group) this week. I am wondering how much I should know about O&G. It is not my area of expertise, so I'm trying to read up on it as much as I can before it. If anyone has any tips or knowledge of what the interview entails AT ALL, or anything I should know related to oil and gas, please let me know!!! Thanks!

04 Dec 2017

Thoughts on an offer to return to Citi IBD (after an internship) vs. a Moelis (New York) offer? On the one hand, Moelis is seen as an up and comer, but whether they will get there remains to be seen. Citi, on the other hand is a solid BB, but no GS/MS. Which would you take in terms of prestige, exit ops (especially for PE or B school), quality of deal flow, and quality of managers?

08 Dec 2008

Both are in NY. I know they are not that different so probably it all comes down to culture. Really like the junior people at CS but not the MDs I've talked to. On the other hand, I like the senior people I talked to at Citi. Does anyone know what's the percentage of SA offers turning into FT at both banks? Also, any thoughts in terms of what to consider when picking the offer? Thanks lots!

07 Feb 2015

Things are heating up for Phibro's Andrew Hall and the new pay czar Kenneth Feinberg. The New York Times added more fuel to the fire with this piece: http://finance.yahoo.com/banking-budgeting/articl… Clearly, Hall is contractually owed the money. However, I'm having a hard time seeing how the government is going to let a $100 million bonus to one guy slide when they had a fit over AIG paying out $165 million to over a hundred people. You might make the case that AIG was an extraordinary circumstance because they received more TARP money than anyone else, but guess who's #2 on that list? That's right. Citi.

04 Aug 2009

I have an offer from Google for their financial analyst program and an offer from a BB S&T group (BOA, Citi, JPM, Wachovia, etc). The all-in pay is surprisingly very similar. I would be at Google's HQ, but only at a non-NYC location for the BB S&T group. Any thoughts? Which would help me get into a top 5 MBA program? I would really like some feedback from top 5 MBA alums and people who have been in either industry for some time already (if possible). Thanks.

24 Feb 2010