Vantaggi
- Used to have a great training program for IBD analysts. - Global reach that no other bank has (get to work on deals between countries that no other i-bank can cover, especially in emerging markets). - Potential to rotate in offices all around the world, however, rotations have all been cancelled. - Has recruited great talent until 2006-2007, this talent is leaving now however.
Svantaggi
- Talent is fleeing, all former group heads have left to european banks or boutiques - Merger with Corporate Banking => less qualified employees - Huge amount of red tape - No events, little team spirit - Good name in 2006-2007, terrible name now - Low morale of employees (most people would leave if offered equal job at another firm) - No room for growth if you're good. You gotta pay your dues and do the time like everybody else - Impersonal company, corporate culture = zero - In order to compete with other top i-banks, Citi has matched their bonus levels. However, it has awarded these top bonuses to a lot less people proportionally, pushing most of the good analysts to lower buckets to reduce bonus costs.