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    (Original post by Deltasierra27)
    Anyone else got an interview with Citi on Friday for markets?
    wtf. Citi haven't even sent me my tests yet... Been 3 working days lol.
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    (Original post by JessicaPearson)
    You fill in a standard application form in which you upload your CV, afterwards you are invited to submit a 'virtual cover letter' which apparently is a video interview with standard questions such as Why BlackRock?, What can you bring to the firm? etc. A poster above said that this replaces the psychometric tests.
    Thanks, thats pretty interesting - at least its not a cheap scumbag aptitude test or I would go all "assault on wallstreet" on them
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    Bank of England and America are taking the p- iss, been waiting ages for them to open shop and its well after their expected opening date
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    (Original post by Deltasierra27)
    Anyone else got an interview with Citi on Friday for markets?
    congrats and good luck

    how come Markets started interviews so early and before IBD? When did you apply/finish numerical test?
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    Do Morgan Stanley automatically reject you after the tests if you fail? Or do they wait a while?


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    (Original post by alexjones1994)
    wtf. Citi haven't even sent me my tests yet... Been 3 working days lol.
    It took me about 4 or 5 days to get my tests so I wouldn't worry if I was u
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    (Original post by torres657)
    congrats and good luck

    how come Markets started interviews so early and before IBD? When did you apply/finish numerical test?
    Thanks!

    & Im not sure - I did my tests on the 9th but I know they pre screen anyway so that's probably why they got back so soon.
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    Does anyone know if you only get numerical if you passed the verbal at RBC? felt like I ****ed the verbal haha
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    (Original post by CaptainKirk12)
    Hey guys,

    How do the bulge-bracket banks like Citi, Deutsche Bank, Barclays and UBS stack up against the boutiques like Greenhill, Centerview, Evercore and Moelis in the UK? In terms of deal flows, reputation, pay and exit opps? Apparently in the US, the smartest kids go to these boutiques instead of the BBs (except for GS, MS) and they would make that decision without thinking twice! Would love everyone's and especially Princepieman's opinion on this.

    Thanks a lot!
    I would say the boutiques are marginally better than those BBs in terms of rep.. There was a perception maybe a couple of years ago that, in London, the BBs had a stronger name than the EBs you mentioned and that buyside recruiters used to be unaware of the talent at those firms.

    However, now that the EBs have been around in the UK for a sizeable period of time, there's enough data now to suggest that exit opps are picking up and that these firms are gaining traction to the same level of perception they have in the US here - especially at the more american buyside firms who have are a tad more privvy to the reputation of EBs.

    Pay without a doubt is better at EBs. For colour, Centerview paid ~$180-200k all-in to first years in New York, Evercore was a tad below - so if we assume comp practices are consistent across NY and London, these two firms (amongst others) will be paying significantly above street. Add into the calculus the higher cash payouts at the associate and above level vis-a-vis the stock/deferred comp mix at BBs.

    Deal flow is pretty good given the size of these firms in the UK (v. small, intakes of 10-20), their placement on m&a league tables is commendable. Some firms however do focus a bit more on MM deals (e.g. Evercore) than the bigger ticket deals.

    Ultimately, I would say it boils down to personal preference and how you felt about the culture of the firms whilst interviewing/networking.. Any of these places would give you at least a decent shot at the buyside.

    N.B. I've been told by some bankers that if you want a long term career in banking, starting off at an elite boutique is fine, but by the time you reach associate or VP level, it would make more sense to switch to a larger bank to have a greater chance at building a client base.

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    Are RBC open for summers?

    Ignore that actually
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    (Original post by Princepieman)
    Pay without a doubt is better at EBs. For colour, Centerview paid ~$180-200k all-in to first years in New York, Evercore was a tad below - so if we assume comp practices are consistent across NY and London, these two firms (amongst others) will be paying significantly above street. Add into the calculus the higher cash payouts at the associate and above level vis-a-vis the stock/deferred comp mix at BBs.
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    £136k - £150k for first years - really? Where did you get that from? I can't see anything like those figures on Glassdoor at all. Analysts are around £50k.
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    (Original post by Deltasierra27)
    £136k - £150k for first years - really? Where did you get that from? I can't see anything like those figures on Glassdoor at all. Analysts are around £50k.
    Current analysts. If you're skeptical, check out WSO's comp database it's pretty accurate.

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    (Original post by TheParham)
    Does anyone know if you only get numerical if you passed the verbal at RBC? felt like I ****ed the verbal haha
    you should receive numerical very soon, if not yeah then you are probably fked
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    (Original post by Deltasierra27)
    £136k - £150k for first years - really? Where did you get that from? I can't see anything like those figures on Glassdoor at all. Analysts are around £50k.
    Plus, converting it to pounds doesn't really work. Bonus is essentially 90-100%+ of whatever base they pay here in first year. In the later years it can be as high as 100-200%.

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    Anyone else who did the Barclays initial SJT/Numerical test thing over the weekend heard back yet, I still haven't. I dont think I am a egoistical ******* who sucks at maths, but who knows.
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    (Original post by Princepieman)
    Plus, converting it to pounds doesn't really work. Bonus is essentially 90-100%+ of whatever base they pay here in first year. In the later years it can be as high as 100-200%.

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    Nonetheless, even according to WSO's database the base is 85k which is fair enough. I was just doubting that base would be $150 - $200k
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    (Original post by Deltasierra27)
    Nonetheless, even according to WSO's database the base is 85k which is fair enough. I was just doubting that base would be $150 - $200k
    I have heard on WSO that they pay a large converting bonus $50k but I dont know if that is true or not
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    (Original post by TheParham)
    Does anyone know if you only get numerical if you passed the verbal at RBC? felt like I ****ed the verbal haha
    Mate that verbal was awful. Cannot say's galore. I'm not sure, I was wondering that aswell. Anyway, I completed them both and got email 3/4 days later saying i was 'under consideration' for a telephone interview and I thought the verbal went **** so dw. Also the numerical is piss. Easiest one i've ever done.
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    (Original post by Deltasierra27)
    Nonetheless, even according to WSO's database the base is 85k which is fair enough. I was just doubting that base would be $150 - $200k
    Oh no, that was all-in lol

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    (Original post by creamertnh)
    I have heard on WSO that they pay a large converting bonus $50k but I dont know if that is true or not
    Tis true. Signing bonus

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