From the front lines:

In Citi's infinite wisdom they no longer give junior bankers their ranking but instead offer an opaque qualitative characterization. At Citi you are now either "exceptional", "highly effective," "consistently strong" and anything less than that probably equates to a trip to the bread line or inquiring with recruiters what jobs are available at UBS and Deutsche Bank. Perhaps this is a veiled attempt to make comparing comp across firms more difficult, or maybe in their mind this is what millennialS have been clamoring for.

We now look forward to hearing about "highly effective" millennial Citi junior bankers being exceptionally pissed about their weak-ass bonus checks.