Going back to school with an offer

10 weeks of internship passed by really fast! There's no better way to end this summer than having a return offer in my pocket :) even thought it would be great if I haven't dropped and broke my laptop in the last week.

I have certainly learned a lot through my internship at Citi. Just 10 weeks ago, I was completely new to financial service industry, new to the company structure, and had no idea how corporate tax works. I picked up everything from scratch, made significant progress on my project, and was able to deliver my finds during the final presentation to Citi finance controller and other finance executives.

 Corporate tax is definitely not one of my expertise or the area that I would grow into, but this summer experience taught me how to adjust to new environment, absorb new information quickly, and effectively communicate with my peers and managers. No one would be able to accomplish anything in a big corporation by himself/herself. Knowing when and who to ask for help/information is essential.

The best thing about this summer is that my coworkers and I become very good friends. We established strong connections not just at work, but also on a personal level. I was recommending dress brands and shops to my manager, and exploring NYC restaurants and food trucks with coworkers.

Now is almost time to go back to school. I'm very excited to see everyone and find out how their summer went.

7 weeks into internship

At the beginning of this summer, financial service industry was a completely new area for me. In the past 7 weeks, through working and attending summer speaker series, I have learned so much about the industry. Digitization and urbanization are two of the biggest trends impacting people’s life. Financial service industry has certainly evolved around these topics as well. The whole industry has invested billions of dollars to develop technologies that provide better, faster and cheaper financial services. Financial institutions will continue making investments in technology in the future, and technology will continue shaping the industry.

Few years ago, Citi redirect its strategy to promote responsible finance and to focus on its core business. Through my work at Citi tax, I can certainly feel these changes going through the whole organization. There were many successful spin-off transactions during the last 2 years. They are part of the execution of Citi’s strategy to get out of the areas that are not in line with the company's strategy so that we can focus on customer and services related business. These spin-off transactions are also a result of higher liquidation and capital requirement in financial service industry after the 2007 financial crisis. Banks started to act more conservatively, and authorities are trying to figure out better ways to guide the industry.

In terms of company culture, Citi promotes diversity and encourage employees to gain exposures by taking positions in different functions, products and regions. I was amazed by the level of mobility and the amount of transitions people could make within Citi. Lots of people that I have talked to have taken advantage of Citi’s global representation by taking international rotations. Their exposure to different circumstances and challenges not only provide them the full-picture view of the organization, but also enable them to bring the best practice together, and come up with innovative ideas.

You have to love New York

Time flies! I’m already half way through my internship! On Wednesday, I had my mid-summer review with my manager and HR. My project is right on truck; and ready to move to the next phase on Monday. I’m so grateful that my manager has been very supportive during the past 5 weeks. Despite her extremely busy schedule, she made sure that I can attend all summer speaker series and training sessions, and worked out my project schedule round it. One thing that I feel is very important to be successful during the internship is being independent and self-efficient. Since my internship is based on one big project, there is not a typical day of work. I manage my own work pace and keep my manager informed of the project progress.

Besides working on my project, I have also been learning about other areas of Citigroup through net working with other interns, and my junior and senior mentors. However, because the first phase of my project was mainly done silo, I feel I haven’t put enough effort into networking and getting to know other FMAs. That is one of the things I intend to work on during the next five weeks.

Life in New York City has been amazing! There is always so much to do. Lots of my friends in NYC are investment bankers and consultants. Because of their irregular working hours, it has been hard for us to make get together plans ahead of time. However, this doesn’t stop us from enjoying the city at all. No matter how late it is at night, we can always find great places to go. From rooftop lounges to beer bars, from museums to riverside parks, the city offers everything to its residents. Outside Manhattan, Queens and Brooklyn also offer great additions to the city life. This past Sunday, I went to Prospect Park in Brooklyn for NYC Food Truck Rally. Spend a few dollars, you can get amazing kimchi tacos, exotic ice-cream or delicious grilled cheese : )

Taste of Taxation

Till two weeks ago, I could never image myself working on a taxation project. I thought taxation was a necessary evil, something corporations cannot avoid; there was no creativity involved in the work. However, meeting my manager completely changed my view on taxation.

My manager has spent her last 20 years working in taxation field (both public and private sectors), and has great passion for her work. She sees taxation as a constantly changing field. Thus, finding the best practice in taxation never ends. Given the Financial Management Associate program goal is to provide us an overall understanding of all 6 Citi corporate finance functions, my manger started our conversation with stories of tax involvement in corporate entity spin off process and M&A project.

My project specifically involves the 52 billion dollars Deferred Tax Assets that Citi has on its balance sheet. Recent financial service industry regulation changes require banks to have more capital on its balance sheet. Traditionally deferred tax assets were treated as part of bank’s capital. However, under Basel rules, only 14 billion out of the 52 billion DTA that Citi has can be classified as its capital in Basel calculation because of the contingency nature of tax assets. This makes trueing up tax balance from legal entities to business units an urgent task.

Besides working on my taxation project, I also gain insides of Citi’s business operation as the summer speaker series and leadership training continues through the summer. Earlier this week, Prof Scott Snook from Harvard Business School came to Citi talking about finding a sweet spot (amount what a person’s good at, other’s appreciation and personal passion) as an import factor of becoming an effective leader. To ensure I can learn as much as possible from the internship experience, my manager also includes me to other business meeting outside of my project.

My first two weeks in New York Citi- Part 2 of "from CPG to Banking"

Hello everyone,
Has been a while since I posted my first blog. You may think that the title of this  second one is a miss spelling, however it is not. I just didn't want to be one more person talking about Citibank, as I just saw that my intern classmates have been very active.
The ver first week went by very quickly. We had a trainning during the whole week, along with some networking events and an speech of the CEO of Citibank consumer banking division, Manuel Medina Mora, who happens to be a mexican that has a long career in the banking industry. This conference, was just the cherry on the cake that confirmed the things that I am enjoying at Citibank. First. Diversity of backgrounds, and second,  approachable senior management. As I consider both relevant elements when it comes to build a strong organizational culture. Also, they come very useful when evaluating whether I see myself  working for Citi in the future, because, from an international student perspective, I would not like to be working in a place in which thediversity in background is not appreciated. Another thing that I have enjoyed from the program so far, is the caliber of the interns. I can tell that I've had interactions with people from all of the  top 15 business schools. Which has been a great opportunity not only to expand my network, but also to realize that The University of Michigan, Ross Business School, is very well positioned in the MBA market. Now, starting my second week, I have to confess that  going back to work after eleven months, is like working out, you need to keep up with your condition! It is not a big deal, but it is something that needs to be practiced again. Additionally, as it has been for other classmates, when  defining deliverables, it is not as easy as I had thought. I realized that my project is more ambiguous than I though, as it has to do with launching a new business model, which deals with increasing revenues, strategy and marketing. As a result, there are some roles that are still unclear in my team, but, the upside of this is that I am having the opportunity to work in something entrepreneurial, something very rare in a big organization like Citi. (You may have seen that also Citi just turned 200 years, and it is just  starting the 3th century of life ). The project has been great to leverage on my previous MAP experience as a team-member and on my Strategy classes. So far, I can tell that the project has exceeded my expectations, even though I still have to figure things out and develop many frameworks to deal with the unknown of a new business model.
I will keep you posted.
Miguel

First week at Citi

Citigroup’s SFMA is a well-organized program. I received the summer position placement document from Citi in mid-May. It includes 8 positions within the global finance area. Each position came with description of its department, tasks, requirement and perspective. Later on, I found out that there were only 8 of us in the SFMA program, and each of us got placed in a different team. It is a bit sad that we will not see each other much after the training week, but this structure provides us a way to broaden our network within the company, and learn as much as we want about other teams.

The first week started with presentations given by CFOs of the Institutional Clients Group (ICG) and Global Consumer Banking (GBC). It was as much a presentation as a conversation. We all had plenty of time to ask CFOs questions. During the week, directors and controllers of Treasury, Financial Planning & Analysis, Corporate Accounting policy and Tax gave us a brief introduction to their team. The managing director of Treasury reminded us that the Key to financial management is not getting into details of rules and regulation reform, but to think logically and act ethically. We also had breakfast chats with our junior and senior mentors. Everyone I have met so far at Citi is extremely knowledgeable and supportive. Through out the summer, we will participate in speaker series from top executives of Citi.

In addition, this year is the 200-year anniversary of Citigroup. As members of Citigroup, my colleagues and I went out on Thursday to paint a local community park. It was a great time to meet people from consumer banking group, and give something back to the community.

Summer is over... Ross here I come again!

This is my last post for the summer, and I am glad to say that yesterday I had the best day of my life. I received a full time offer from Citibank, to return next year as a full time associate in the M&A Group. After all my efforts, energy and time dedicated to achieve such a goal, I felt extremely satisfied of what I accomplished. It’s a tough process and competition is fierce. Out of 5000 resumes received, the bank chooses only few of them and I realized that the opportunity I got was extremely unique.

This internship went far beyond all my expectations. I met great people, I learned tremendously and every day has been different. New deals to work on, new responsibilities, a dynamic and fast pace environment that kept my mind busy all the time. If you like difficult challenges, this is definitely the place you want to be.

I can’t wait to see all my classmates again. We all spent our summer in different cities and countries and I am sure it’s going to be awesome to hear all their stories. Ross is a great school, full of talented people that are down-to-earth and ready to achieve amazing results always with a smile on their faces. I am proud of being part of such a group and I am sure that if you are reading this post you have already realized what I am writing here by going to school.

Life is a never-ending journey and Ross helped me shaping my career in the way I wanted it to be, and I will always be thankful for that. Above everything, it’s all the people I met at school that really made the difference and my experience special.

Hope I managed to give you an idea of what I lived this summer, as for me it has been the most important of my life.

All the best and good luck with your career search.

Matteo

Good bye!!

Hi all,

Well, the time has come.. this is the last week of my internship!!! This week i will do my final presentation, and we will also know if we have an offer for the full time. Regardless of the outcome, I am very happy with my internship. I have enjoyed working at Citi and I am impressed by how this company has overcome their bad times and reinvented themselves. Citi’s current strategy reflect their learning process from past mistakes, and their self-awareness capacity to take the best of what they have and only fight the battles they can win.

I think this is what we, as professional, should also do this kind of exercise to have a successful career. I think that the more conscious we are about our strengths and weakness, the better professional decision we will take. I will definitely do it after a finish the internship. Now, I want to share with you 10 pieces of advice that our last summer speaker, Citi’s Vice-president, gave to us. I think it was the best speech of the summer, as he talked what should be also keep in mind to have a successful career.

1. Know the difference between data and insight

- data is now commoditized with advent of Internet

- the way to add value is to bring out the insights from the data that are not available elsewhere

2. Learn how to focus on the big picture

- even early on in our careers it is important for us to break out of our narrow scope and understand the reasons for our work

- don’t be afraid to ask managers to explain how work fits into the puzzle

3. Learn how to prioritize

- always more things than you have time for, though many of those end up falling by the wayside anyways

- time is a valuable resource and using it effectively is an important skill (time management is crucial)

4. Learn how to be self aware

- we all have a tendency to overestimate how good we are

- need to understand core strengths and development needs

- don’t be afraid of asking for frank opinions from others

5. Need to ask for feedback real time

- feedback tends to be sugar coated because frank feedback usually is met with pushback

- does a disservice to me and the organization as I am not addressing the development areas and reaching my full potential

- feedback at 6 month or 1 year mark is based on an image that the reviewer has formed over that time, will not be as specific and actionable

- should ask for feedback after every meeting/presentation while thoughts are fresh on the mind of the reviewer

6. Learn how to take intelligent risks

- people tend to look for easy targets

- best coaches are those that push you beyond the limits of what you thought was possible

- sometimes we need to go outside of our comfort zone

7. Learn from mistakes and move on

- if we are not making mistakes, we are being risk averse and doing things that are too safe

- successful people make mistakes but thought process that led to mistakes are sound

- no one gets better by being right all the time

8. Focus on exploiting strengths, not mitigating weaknesses

- no one is perfect, successful people capitalize on what makes them distinctive and find people to complement them (need to be self aware)

- as an exercise, we should be able to easily articulate what our core strengths are

9. Need to find sponsors in life

- not the same thing as a mentor (who gives the same advice to everyone)

- sponsor believes in you, creates opportunities for you, protects you, and promotes you

- be aware of the common types of sponsors

- Care Giver (parent figures),

- Visionaries (inspire to do great things)

- Sages

- Relentless Coaches (push you to go beyond what you can do)

- Godfathers (help you as long as you help them)

- understand who are the people who will truly be your sponsors (be aware what type of sponsor they are)

10. Pass the Wall Street Journal test

- need to be very careful about what you send around in emails

- not private communication - emails are stored on company server

- will what I am about to send via email be embarrassing if put on the front of the WSJ?

Hope you enjoyed and find as much valuable as I did, and hope you enjoyed the rest of summer before going back to the school.

Best,

Shila Arias

Great week!

This past week has been crazy! This has been the group project week, when we work in groups of four in a project for a different area than we are working for our individual project. We only have 5 days work on it, it is a full time project but still time is really short. In my case, my project was in the Marketing Area. We were assigning to design a new strategy for mobile banking, generate new ideas to improve the mobile experience and double the number of users by the end of next year.

When I first heard about the project, I was really excited because I think it is a hot topic now, as baking is changing and digital channel are getting more and more important. At the same time, when I thought about group project, I remembered MAP. This group experience has been amazing, I think Citi has done a great job about choosing people that has similar characters. Besides that, I think what I learned in MAP about group management helped me to be a better team member.

Well, we finished the project on Friday really late, but we are done. We are going to present on Thursday, so I will let you know how it goes. I would like to spend a few lines telling you about something else about Citi. I knew I was joining a great company when I entered Citi, I also knew they have had serious problems during the crisis (and those we one of my concerns). Being inside, I have been more than surprise about how they see the past times and how are they see the future of Citi. They have a very clear strategy and what they want to be and everyone in the company is aligned. I still don’t know if I want to stay with Citi for the full time, but it is because of my personal goals. But I can say is that this is a really good time to join Citi, as they have a great challenge ahead, how to execute the great strategy they have and how to bring the company to the leading place they have in the past.

Hope you enjoyed the post and hope you are enjoying your last internship weeks. I will keep you posted.

Best,

Shila Arias

Only 3 more weeks to go!

In my last post I told you about how time goes fast and I am even more convinced now that I only have 3 weeks left.

Last week I had my mid-summer review with the staffer of my group and HR. It was a very comprehensive review where they highlighted they gave me an extremely candid feedback. The purpose of it is to make us reflect on what we did well and what we can improve on, and to update us on where we stand.

This is the first free weekend that I have and I have to say it feels really good. I am going to meet all my classmates who are in NYC for a drink soon, and after that we will go for dinner. NYC is amazing, it offers everything you need and it’s unbelievable the amount of different nationalities you can find here. I lived in Amsterdam before and I thought it was one of the most international cities in the world, and it is, but I have to say NYC is unique and at the top of my list now.

Chinatown, SOHO, Little Italy, West Village, East Village, Downtown… all the areas are different and you can really feel different vibes all around the city. Everywhere is full of restaurants, bars, pubs… anything you need. Everything is convenient: banks, shops, laundry service, groceries… the concept of ‘anytime, anywhere’ really exists here.

I am very excited about the city and the job so far. It’s been an amazing experience and I will always remember it as one of the most important and formative of my life. I met a lot of new great people and I expanded my horizon further.

I also look forward to seeing all my classmates again and to go back to Ann Arbor to live my second year at school. It’s going to be awesome and I am also very curious to meet all my new classmates MBA1. Go Blue guys!

Talk soon,

Matteo

A month already!

Well, it amazing how time goes by, it has been a month already since I started my internship. I am definitely busier than I used to be the first days, as I am working in a project, I don’t have daily tasks to do. In the beginning, my usual day was divided by doing research and meeting with some people that can give me more information about the product I am analyzing. Now, I got almost all the information I needed, so I am in the phase of putting everything together to build a story (as my boss says). So, as many of us, I am in the power point phase, and this is more stressful than I thought. My boss is a former consultant, so you can imagine she has high standards in presentations. In fact, I knew I had to do a final presentation to my boss, but I didn’t know I had to do a midpoint presentation to my VP, that will be this week. So, you can imagine how much I have been working this week.

Additionally, as we are getting near to the end of our program, we have more social and networking events. Unfortunately, I had to miss one happy hour because I had a very early meeting the next day. I was sad, but I knew this following week we will have even more events, so I felt more relieve. This week, we will have breakfast with HR representatives, the usual lunch and a scavenger hunter event. So I will definitely have fun.

And to end the week, as most of us have been really busy, some of the Summer Associates decided to go out for dinner on Friday. What rally surprised me is that we went to a Peruvian restaurant, without my recommendation, so you can imagine I was more than happy. I had a Peruvian friend visiting me for the weekend, so i went with her, and we really liked the food, and my friend did also. We had a great time and most of us couldn't finish. Here is the photo of us, I was really happy that people from Italy, Brazil, the Philippines, and of course, US, could enjoyed Peruvian food.

I will keep you post!

Shila A.

It's unbelievable...

...Once you start, time goes really fast.

It’s unbelievable but I am already half-way of this amazing adventure. Next week we will have our mid-summer review and I am very excited to hear how I have been doing so far in my new role. I have tried to meet as many people as people in order to arrive at the review well prepared and not too much stressed.

In terms of the workflow, it has always been really busy. During the past week I have been staffed on five different deals and I have been learning tremendously. Everybody is willing to help and people in my group are extremely nice and friendly. Every time you need help, you can just shoot an email or walk to the desk of any colleagues and they are ready to guide you.

My ‘junior’ mentor has been very helpful in giving me great advice during the past weeks. We have a coffee chat once in a while and he updates me on what’s going on in the news and in the group. We also have a monthly M&A meeting where the head of the group is showing us all the financial results of our group. Each meeting he brings in different representatives from the bank and outside of the bank that can give us interesting different perspectives.

Last week it was the 4^th of July weekend. I had to work but I managed to go home at a reasonable time in order to see the fireworks from the rooftop of my building. It was great!

This weekend we have to prepare a presentation for a Monday meeting. Even if it is weekend, we are all together in the office and with a great team hours goes fast and hopefully tonight we will all find ourselves at a bar with a drink in our hand after an intense week of work.

Keep you posted!

Matteo

Balancing work, training and social events

So, I just finished the third week of my internship. In fact, I would say it is the second week in terms of real job as the first week was almost full-time training. Now, I have clear the objective of my summer project. I have to analyze the strategy of an existing business card and create a new one to replace it, so it is very interesting and challenging at the same time. I have to recognize that I was concern if I would finish my project in the time that I have, so I started to plan how I would approach the project and set weekly goals. As my assigned manager is a vice president, she is really busy and difficult to talk with. This is why looked for a person within my group, whom I can ask and talk more easily. He is a senior manager and is helping me a lot as he has a great experience in credit cards.

In parallel, as part of the Internship program, Citi organizes a speaker series program where, once or twice week, different senior representatives from the bank talk to all Citi Summer interns. So far, we have heard the CEO, CFO and Chief of Technology Office. Additionally, we, the Consumer Summer Associates, have weekly lunch sessions with different senior managers from the Consumer Banking group, so they can talk about their areas and let us know beyond the areas we are working on. So far, I can say that I have learned a lot from all this sessions, and equally importantly I have heard amazing stories about professional experiences within Citi.

Last, but not least, we also have social events included in the program. For example, we have had happy hours with ex-summer associates (and now full-time employees), or networking events with Consumer Banking senior managers; and this incoming week we have a picnic with the Finance Summer Associates. Besides this, we have named a Social Chair in our group, so we also have our own happy hours and weekly lunches, so we have a lot of social activity.

I feel really lucky to been in this program, as not only I am working in a great project but also, I feel Citi is really concern about us to learn more about banking and Citi. And obviously, I am having a lot of fun with my peers in the program. As I mentioned in the previous post, our group is a really diverse group, you can see it in the picture I above. We took this picture in our visit to Citi’s Union Square branch, Citi’s flagship branch in NY, as this is how they want to be in the future. It is great; I suggest that if you are in NY, you go there!

Hope you enjoyed the post.

Shila Arias

The investment banking journey continues...

It’s been only two weeks of full time work and I learned tremendously. Working hours are pretty intense but once you start you get used to it quickly. The pace is fast, extremely challenging and every day there are new things to learn. It is exactly how I thought it would be.

My colleagues are very nice and helpful. Every time I have a question they are ready to sit down with me and help me. In my first week I got staffed on two live deals related to two different industries. It is very exciting because even if I never worked in those specific industries, I have the possibility to learn a lot in few days by reading reports, asking my colleagues and using all the resources that Citi has.

Two days ago I got staffed on a new project, my third deal. In banking you have to learn how to work in parallel on different deals, at different stages of the process and with different senior and junior people. You develop a unique set of skills that are and will always be extremely valuable for your present and future career.

All the people I met during the training week are now friends I can trust and on which I can rely. Every time our group has requests in terms of data I can ask my peers in the other groups and in few minutes I get what we need. I learned how important is to build relationships across different groups in the bank and to maintain them throughout my career.

I got assigned to a junior and senior mentor within the group. These are the people that will follow me through the process and will help me in case I have any problem with work, colleagues, etc. I have a bi-weekly coffee chat with my junior mentor, who is a director. It is very interesting to hear his perspective and also his background and role within the bank now.

Despite the fact that we work hard, we also love playing hard. Even if we go out of the office late at night, we try to find the time to hang out together. This is a great way to meet new people and to extend my network even further.

As always, I will keep you posted!

Best,

Matteo

Settling down in NY

Hi all,

as many of my friends, this has been my first week of internship. I started on Monday 13th and I arrived NY the day before (sunday). And here comes my first advice, try to arrive at least a few days before your internship starts to settle down in your new home. I couldn't come before because I was working in my home country (Peru) in a 5 weeks internship, and I just finished the to work on Friday 10th. Thanks God, I already had an apartment, which made things easier, though I didn't see it before (only from photos). Thanks God again, it is much much better than I expected... It is gorgeous :) I am so happy with it!!! Well, I arrived and just had time to buy the basic things.

Sooo the first day arrived... Citi wanted to welcome all the summer interns, so we all met in one of Citi's building in Manhattan. We were around 200 summer interns from different programs (Finance, Human Resources, Investment Baking, Consumer Banking and other that I don't remember now). After this welcome, all the Consumer Banking Interns moved to our building in Long Island City, Queens. We had two days of general training about Citibank and Consumer Banking. On Wednesday, each of us moved to our areas to meet our bosses and group. I met my boss, who has a great and long experience in Credit Cards. Though, he is pretty new in Citi US as he has been working in Australia and China for Citi for the last 4 years. I am very happy because I am sure I would learn a lot from him. I already know about but my project, which is analyze and propose a new strategy for a existing business credit card. It seems really interesting and will keep you posted about it!

This week has been about know the company and group where I am, and I really enjoyed it. However, what I enjoyed most is the group of SA (Summer Associates) of my group. We are 16 interns from different universities and backgrounds. Definitely, we are a diverse group, there is people from China, Brazil, Portugal, Spain, Italy, Philippines, Peru (me) and US. We are a rally nice group and we get along really well, this is why we already had a first happy hour and we have named a Social Chair to organize social events each week. I think that by the end of the summer, not only I would have learned a lot about banking but also earned really good friends!!

Keep you updated in the next post, hope you are all enjoying the summer!!

Shila

The investment banking journey began!

The journey started only less than two weeks ago and so far it has been amazing. I arrived in New York City on the 6^th of June and I was hosted for a week by a classmate from Ross. I managed to find an apartment on Craigslist in a very nice location, pretty convenient to commute to go to downtown to the office.

The summer associate program started with a week of training. The first day was very exciting as I met all my new colleagues of the summer associate class and I am proud of representing Ross as an international student. I am surrounded by smart individuals from other top business school in the US such as Harvard, Wharton, Columbia, Chicago Booth etc. Training was a great way to get started and to meet most of them. Despite the fact that it was a week of training, one night I went home pretty late as we had an assignment due in less than 24 hours. It was a job simulation and we had to value a company that was exploring a merger with another company. We had to learn how to use Factset (an investment analytic tool) and use all the excel files they provided us to perform the valuation. We were divided in sub-teams and this was a great way to bond with some of my colleagues and to make new friends.

The last day of training was volunteer day. We went to a park and we had to do gardening all together. It was nice to see how future bankers can contribute to the community and have fun at the same time. After that we had a welcome drink event where I met other nice colleagues.

Next week is my first ‘real work’ week and I am very excited. I will be staffed on Monday morning and I guess it is going to be very busy. I spoke with some summer analysts in my group (M&A) who started a week earlier and they told me they have been going home very late every night.

Keep you posted on how it goes!

Matteo

New York, New York!!!

Hi,
I am Shila Arias, first year MBA from Peru. I am going to be in NY for the summer working in Citibank in the Consumer Banking Program. This is a 12 weeks program developed for MBAs interested in Consumer Banking, thus they have projects in different divisions such as Retail Bank, Citi Cards, Commercial Banking, Consumer Marketing and Internet Office and Small Business.

We are a group of 15 interns and the program is divided in two parts: an individual project and a group project. I will spend the first 8 weeks working in my project, which I don’t know yet as Citi has just sent the list of projects to be ranked and we are going to be assigned to one of our top choices. I hope I got the one I want!!! Then, we will be assigned to groups of 4 or 5 to work the remaining 4 weeks on different projects, makes me remember MAP!!!

I have been born and raised in Peru, so this is the first time I will work outside my country. I am really excited about this experience as I know I will learn tons of things about consumer banking. Obviously, I am also excited to be in NY for the summer, I think that I will have a lot of things to do, see and shop :)

Summer Internship in New York

Hi All,

My name is Matteo Dominianni, I am an MBA student at the Ross School of Business and I just finished my first year. I am going to Citigroup Global Markets Inc. this summer, I will be joining their M&A group as part of their Investment Banking Summer Associate Program.

My background is Corporate Finance. After graduating in Telecommunications Engineering, I worked for two major telecoms operator, both in Italy and The Netherlands, first in M&A and then in Financial Planning, Reporting and Analysis. I am very excited about my summer internship as in my previous work experience I saw an M&A transaction from the corporate side, and now I will see it from the banking side. I will leverage all the skills learned in my previous financial jobs combined with the ones learned at Ross in order to bring valuable contributions to the team.

Now that all the first year exams are done and MAP is over, my only concern is finding a place in New York City that is close to the office. All the people I talked to told me it's extremely important to find a place to stay that makes commuting easy. I know it's hard to find a nice place to stay, but all my Ross classmates are very helpful and I am sure I will find something nice soon.

Talk soon,

Matteo