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  • Josh Rovner

Why Citi for Investment Banking? / Overview of Citi Banking, Capital Markets and Advisory


Overview


Citi is one of the top global bulge bracket investment banks. Citigroup, the parent company, has several other divisions and operates as a full-service investment bank. Citigroup has one of the largest retail banking operations in the U.S.


Citigroup sold its Southeast Asian consumer business in early 2022 as part of its focus on simplifying the company structure and focusing on its core geographies.


Citi Banking, Capital Markets and Advisory Overview


Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Citi, you should make sure you know:

  • 1 deal that the investment banking group has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention


We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.



Big 3 Qualitative Questions



Selected Transaction


Citi advised REIT company Duke Realty on its sale to logistics firm Prologis. Duke Realty has a large portfolio of properties across 19 major U.S. logistics geographies.

  • Transaction Description: Prologis, Inc. (NYSE:PLD) offered to acquire Duke Realty Corporation (NYSE:DRE) from BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc., Cohen & Steers, Inc. (NYSE:CNS) and others.

  • Transaction Value: $26B, all stock

  • Transaction Date: Announced May 2022

  • Press Release


Fact Sheet


Citi Banking, Capital Markets and Advisory Logo


  • Company Name: Citi (part of Citigroup)

  • Description: Citi's Banking, Capital Markets and Advisory division provides comprehensive relationship coverage and a full suite of products and services in an effort to be the best possible financial partner to its institutional clients

  • Bank Category: Bulge Bracket

  • Ticker: NYSE:C

  • Founded: 1998 (for Citigroup)

  • Employees: 6,000 (for Citi Banking, Capital Markets and Advisory)

  • Chief Executive Officer: Jane Fraser

  • Headquarters: New York City, USA


Resources


Citi Banking, Capital Markets and Advisory Glassdoor



Citi Banking, Capital Markets and Advisory Salary


Based on the H1B Database, the average base salary for an Investment Banking Analyst at Citi is $85k - $100k.

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