Trending Content
+52 | What am I doing wrong - networking | 16 | 22h | |
+40 | How to earn $250k right out of college. | 31 | 39m | |
+20 | Did I srsly fuck up - turned down AC when unemployed | 13 | 1d | |
+19 | Politics to Finance | 8 | 3d | |
+18 | Follow up cold emails help! | 4 | 3d | |
+16 | Applying to and networking for Summer 2025 internships while working 2024 internship. Help | 12 | 1d | |
+16 | Struggling with Headhunters...Any Advice? | 4 | 3d | |
+15 | What are my best options and what do y’all think I should do | 3 | 1d | |
+14 | Help me pick my career | 2 | 5d | |
+12 | Internship decision | 1 | 5d |
Career Resources
Citi hands down
Yeh Citi bro
No offense, but pretty dumb question, Citi hands down
If rumours are to be believed barc is going to jettison the I bank.. wud avoid unless u face unemployment
are they spinning off the CIB?
Could you please share more on that?
.
Cuts will be in middle and back office mostly. IBD performed well this year - revenue up 27% YTD.
There are 239 000 people working at Citi. Do you think all of those people are working in the investment bank? No. The 20k cuts aren't going to be heavy cuts in banking, they're going to be elsewhere in the business.
.
.....
lol wdym
…you mean the ethnic native population? Also this is a ridiculous claim…
Honestly, even before the citi layoff news, this would still be a pretty close call. Dealflow in Barclays is likely superior and will continue to be so in a market that just lost a European superhouse, as we can already see from them placing 1st in deals completed(fy23) with any UK involvement and I'm pretty sure those were mostly indecently executed from the London office + they were 6th in EMEA involvement deals vs citis 9th and 8th placement in those categories.
However, as we've seen with the case of some eb's, deal flow doesn't necessarily mean better exits. The American brand of citi means that it has a slight edge over Barclays for exits, and that's the overall case. In regards to the London market as a whole and how their exits currently compare for MFPE specifically it goes gs/ms/jp>laz/evr/bofa/roths>citi>barclays>everything else. Can do a validation on this by a quick LinkedIn search of most euro megafunds and not just filtering by past company but also looking to see if they actually came directly from that past company.
Dealflow: Barclays > Citi
Exits: Citi > Barclays
With the news now though, citis franchise is looking incredibly shaky (even relative to Barclay's restructuring) and this instability will likely reduce the overall prestige associated with the bank in coming years thus I honestly predict Barclays exits>Citi exits in the future. Overall, do your due own diligence on culture by talking to bankers at both and place a massive weighting on that since an SA at either in the UK is more or less equally prestigious.
Both banks are a shadow of what they were pre-GFC and have underperformed relative to rivals but I'd say they're still solid franchises in London.
Aut aut laudantium et. Odio maiores distinctio et quam voluptatum repudiandae aliquid. Aperiam harum voluptatem rerum sint eos accusantium dolores nam. Adipisci maiores officiis aliquid fuga voluptates. Omnis velit ad suscipit eligendi est. Ut distinctio odio qui natus.
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...