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Citi Consumer Banking

Also Known As: Citibank, Citi Consumer, Citi Commercial, Citi Commercial Banking
Commercial Lending

VAULT RANKINGS 2011



GENERAL INFO

Headquarters: New York, NY
7730 offices
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THE BUZZ…

•  "Backseat to Chase locally but dominant internationally"
•  "Sinking ship

NEWS AND UPDATES

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Vault's Scoop

Uppers

•  "Global presence and brand recognition."
•  "Flexible management in terms of working hours; respectful of families/motherhood.”
•  "Interesting, challenging work."

Downers

•  "Passive aggressive and bureaucratic culture."
•  "Compensation—not much incentive to perform above average."
•  "The public perception of Citi is not fun to listen to all the time."

 

Gold Member Content

ABOUT THIS COMPANY:

Global giant
Although its official name is Citigroup Inc., the global banking group based in New York and known throughout the world was rebranded as simply “Citi” back in 2007.  Citi has over 200 million customer accounts in more than 100 countries around the world.  Citi’s main business divisions are consumer banking, the institutional clients group and global cards.

Citi’s commercial and consumer businesses are carried out by the consumer banking group, which includes U.S. and international retail banking (offered by Citibank, CitiFinancial, Primerica Financial Services and Citibank Direct), U.S. consumer lending (including student loans, real estate lending and auto loans), international consumer finance, a commercial finance group (offering banking, leasing and commercial real estate), and a microfinance group.  The global consumer group is one of Citi’s biggest revenue drivers, typically bringing in more than half of each year’s Citi-wide earnings.  The institutional clients group includes global banking services such as merger and acquisition advisory, debt, equity, restructuring and underwriting, as well as global capital markets, transaction services and alternative investments.  The global cards business encompasses Citi’s worldwide credit card business.

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From the Community


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Citi REVIEWS


Inside opinions that matter, collected by Vault from employees at companies around the world.

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Citi SALARIES


Citi Consumer Banking salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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Citi SURVEY SAYS


 

Satisfaction [5.36]
•  "Unlike the summer experience, full-time experience has largely been a drag. This is mainly due to the level of uncertainty within the organization and the placements that have taken place with no consideration to a candidate's interest in a specific area within the organization."
•  "I feel I am well compensated and my job is challenging, but Citi has taken a significant hit during the global financial crisis and struggling to recover. My responsibility and autonomy have declined during this time."
•  "I'm in my third rotation, having seen marketing, finance and now risk. This has been a great opportunity, though changes in the larger economic market and the business in the past two years have definitely limited some opportunities or areas that were of interest to me when I was getting my MBA."




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DISCUSSIONS


New Topic: Why is DPH still in his role?
It is beyond any of us why Hendricks is still at Citi? He is simply an egotistical fool that adds no value at all to an already weak business. A …

New Topic: Operations Analyst (2 replies)
Last reply: research very much your position as the company is in a tough position and has announced it is laying off 56K employees... Understand what you ar …

New Topic: Operations Analyst (2 replies)
Last reply: Hey I am a senior right now and has a phone interview for Operations Citi and I want to know what to expect and what kind of questions will they …

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Citi Consumer Banking Perspective

YOUR CAREER AT Citi Consumer Banking

Consumer


Recognized worldwide as Citibank, the Consumer Group's Retail Banking business operates in 46 countries and has over 3,200 branch locations providing financial products and services that suit customers' needs. Citi Cards, the credit card business, operates in 46 countries and manages over 145 million accounts. It holds a leadership position in both bank and private label cards, providing customer-focused solutions to individuals worldwide. CitiFinancial, the Consumer Finance business with nearly 3,600 branches in over 25 countries, provides products and services to individuals who prefer alternatives to traditional credit. Other businesses within the Global Consumer Group include CitiMortgage, CitiCapital, Primerica, Student Loan Corporation, Women & Company, and Diners Club International.

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Getting Hired



Gold Member Content

Tips from the inside

 

Selectivity [7.00]
•  "There's a resume drop for pre-screening followed by first-round interviews on campus: two 30-minute interviews with alumni. The final-round interview is held on site: three 30-minute interviews with senior managers. For the management associate programs, the best candidates are ones who have a good analytical background."
•  "Interviews within the consumer banking business are mostly behavioral for the first round, and case-based and problem solving for the second."
•  "Recently, the second-round interview takes place on campus the day after the first-round interview. Formerly, the second-round interview took place several weeks (or even a month) after the first-round interview. For MBA hiring, Citi Cards is looking for employees with leadership potential and who can work well in large, matrixed organizations. As such, they should have a proven track record of 'leading without authority' and of being strong team players. Creative and strategic thinking in addition to analytical aptitude will also be important for most positions within Citi Cards."



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