• 15 May 2014 at 1:33 PM

Signing Bonus Watch ’14: Citigroup

Mike Corbat has some miffed junior mistakers on his hands.

“Citi’s new S&T associate class isn’t getting a signing bonus. Many associates are already setting up spots at other banks or elsewhere. Everyone is astonished…the explanation we were given was that it’s “market convention,” but we’ve heard other banks still have signing in place. This is a very talented class…people are pissed.”

24 comments (hidden to protect delicate sensibilities)
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Comments (24)

  1. Posted by Guest | May 15, 2014 at 1:45 PM

    "This is a very talented class…" Give me a small break from this self entitlement bullshit, please. Be glad you got the job.

    – not old geezer but a fan of his work

  2. Posted by Catamite Capital | May 15, 2014 at 2:30 PM

    Well, I have to agree with Citi here because it all depends on your definition of "Market Convention." Having grown up in a post 2007 era, "Market Convention" can really only mean that at anytime, your employer and the market will convene upon f-ing you in the ass.

  3. Posted by theShizznitt | May 15, 2014 at 2:45 PM

    Ah, Springtime. The time of year when yet another wave of fresh, entitled graduates learn to JO&C.

  4. Posted by Supermarket Bmodel | May 15, 2014 at 3:06 PM

    Just as we offer a broad array of financial services under the Citigroup umberella, so too do we offer a broad array of reasons to never, ever work here.

  5. Posted by Captain Oblivious | May 15, 2014 at 3:10 PM

    I'm sure all of the other firms are falling all over themselves for new talent… GTF out of here. Another wave of entitled douchebags. Unless you have a pair of d's and an ass like a 10 yr old boy I suggest you hit the fuckin bricks pronto

  6. Posted by guytakingnotes | May 15, 2014 at 3:14 PM

    …wait what?

  7. Posted by Samsboni | May 15, 2014 at 3:15 PM

    Now is the era of the savage pampers!

    -M. Corbat

  8. Posted by guest | May 15, 2014 at 3:44 PM

    You know how I know you're gay?

    Your ideal image of an ass is that of a 10 year old boy?

  9. Posted by Old Geezer | May 15, 2014 at 3:58 PM

    Its a movie quote you pikers. Bill Paxton from True Lies

  10. Posted by Suck it | May 15, 2014 at 4:08 PM

    Someone gives you a job and a salary. Another guy gives you a job, a salary, and a few bucks to lock in your candidacy. Who do you choose.

    – common fucking sense n00b

  11. Posted by Things have changed | May 15, 2014 at 4:09 PM


    – Guy who landed job as the markets were having a collective conniption

  12. Posted by juniormistmaker | May 15, 2014 at 4:15 PM

    He was commenting on the self-aggrandizing comment, not their decision making process you fucking illiterate knob.

  13. Posted by Truth | May 15, 2014 at 4:19 PM

    It's kind of funny to hear the old farts on this board castigate new guys for wanting stuff they had, calling it entitled, when in fact there are other people still selling the same deal. Shitibank indeed, the birthplace of the cesspool of mediocre overconsolidation and dealmaking that led to the financial crisis. It seems like pretty straightforward math: you give up happiness in high school, college, and summers to land a kick ass job. Then you get this shitty attitude from a bunch of fogies that couldn't keep their own fucking FINANCIAL companies capitalized because they used slick marketing to lend money to people who couldn't repay their morgages, then grovelled before the gov't to bail them out, and THEN took the stance that the gov't is the one wrecking the economy. It's so pathetic, it's funny, and no one takes you seriously anymore so go find a new job. Meanwhile, I and others who've busted their asses while you were fucking things up will go and get paid more at a bank that actually has a future.

    – multiple post guy

  14. Posted by UFOinsider | May 15, 2014 at 4:21 PM

    Take a breather, squeaky, don't hurt yourself

  15. Posted by Suck it | May 15, 2014 at 4:23 PM

    Said the guy that only had a Citi offer

  16. Posted by Management | May 15, 2014 at 4:25 PM

    You're consistently NOT funny. Seriously. Go crank out a batch and rethink your strategy.


  17. Posted by juss' sayin' | May 15, 2014 at 4:28 PM

    Not surprisingly, most people here didn't have that one stick in their memory

  18. Posted by guest | May 15, 2014 at 4:40 PM

    Come to UBS! For a limited time all new hires will receive a limited edition singing bonus watch by Swatch.

    -UBS HR

  19. Posted by Guest | May 15, 2014 at 5:12 PM

    Signing bonus? All I got was a coupon book for El Charitto when I came on board…

    – UBS FI MD

  20. Posted by someguy | May 15, 2014 at 8:09 PM

    Wasting your youth pursuing a "dream" of being a banker, 4-5 extra blow jobs
    Leveraging up in student debt, 100,000

    Talking shit on WSO about 'old farts' to 18 year olds who are about to go through the same process, getting of on being a big fish in a tiny pond, priceless.

  21. Posted by Guest | May 15, 2014 at 8:27 PM

    I'd choose the person who feels they have something to prove to me; not the other way around.

  22. Posted by Guest | May 16, 2014 at 8:23 AM

    Furiously googling 'El Charitto'///

  23. Posted by ex-Macquarie chick | May 16, 2014 at 4:03 PM

    Macquarie is hiring

  24. Posted by runcibleman | May 17, 2014 at 5:03 PM

    What a bunch of pissy little shits. They think they must be hot stuff just because they had well-off parents who went to the same country club as the Dean/President/Chancellor/a board member of Yale/Harvard/Princeton and thus could get into a brand-name school, have an easy, care-free time in education, got their 4.0 GPA with all their paid tutors to help them, and thanks to Mom/Dad/Uncle Biff got into an IBD position with Citi/Goldman/Morgan Stanley/Deutsche/whoever. And now they want a SIGNING bonus? Can they throw a ball good enough for the NFL/NBA/MLB? No? No signing bonus then. STFU, sit down, learn to earn your pay, and you may actually be allowed to work there after your program term comes to an end.