Citi

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Citi Reviews in Long Island City, NY

Updated January 8, 2015
Updated January 8, 2015
35 Reviews
3.5
35 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Citi CEO Michael Corbat
Michael Corbat
35 Ratings

Review Highlights

Pros
  • Citi generally has a good work-life balance for a financial services company (in 230 reviews)

  • satisfied work place environment with the ability to work from home (in 84 reviews)


Cons
  • Bad work-life balance, but you could not expect such benefit from investment banking (in 117 reviews)

  • Senior management continues to move jobs from NYC to Buffalo to save money (in 117 reviews)

More Highlights

35 Employee Reviews Back to all Reviews

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  1. 1 person found this helpful  

    Great summer internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Summer Finance Analyst in Long Island City, NY
    Former Intern - Summer Finance Analyst in Long Island City, NY

    I worked at Citi as an intern (less than a year)

    Pros

    Very down to earth people & culture, didn't have one bad encounter
    The people I got to work with are very smart & they really try to teach you well
    The pay as a summer intern is pretty good especially with overtime paying 1.5X
    Got actual projects instead of the usual intern busy work
    Great social events with the team.
    Had a great manager.

    Cons

    The hours weren't bad usually, about 45 hrs/wk but that's because I was an intern but my manager & the junior analyst on my team pulled in heavy hours & even worked weekends at times.
    Can be a very stressful time during quarter end.
    The increased regulations have become really time demanding for FP&A.
    High turnover in FP&A because it's so demanding.
    Upper management does seem to be very bureaucratic.

    Advice to ManagementAdvice

    Find ways to make monthly/quarterly projects more seamless especially considering that a vast majority of the time spent for FP&A is on monthly financial outlooks. I was really surprised to see that every single month the outlook would change dramatically when there's no real rationale behind a complete change.
    To upper management: Try to bit a less demanding of your VPs & Directors. They worked really hard and upper management constantly asked for changes to a project or at times completely changed the project. Maybe try hiring more analysts to help out the team.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Hard working co-workers but not professional at all. Lot of yelling.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Regulatory Reporting Analyst in Long Island City, NY
    Former Employee - Regulatory Reporting Analyst in Long Island City, NY

    I worked at Citi full-time (more than a year)

    Pros

    Learned a lot. Good pay.

    Cons

    Politics. Unprofessional. Micro management. Credit not given where it's due.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    A really friendly environment to work in, but not for someone who is looking for a dynamic and fast-paced role

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Cards Analyst in Long Island City, NY
    Former Employee - Cards Analyst in Long Island City, NY

    I worked at Citi full-time (more than a year)

    Pros

    Work/life balance is amazing - hovers around 50 hour work weeks at most, and everyone is very understanding if you need time off. Really nice group of people to work with and everyone is really open to help and mentor new hires.

    Cons

    The pace of work is slow at times, there doesn't seem to be a lot of drive to results as I've seen in other companies. A symptom of the emphasis on work/life balance is that people are not as motivated - you can see if in everything from the dress code of people wearing jeans and sneakers to the pretty low salaries they offer to new hires.

    Advice to ManagementAdvice

    Promote a more active and collaborative culture - people often rest too much on their laurels and there are a lot of archaic processes and roadblocks that exist in the company that hampers one's ability to make an impact.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Incredible learning experience, one-in-a-life-time opportunity.

    Former Intern - Anonymous Intern in Long Island City, NY
    Former Intern - Anonymous Intern in Long Island City, NY

    I worked at Citi as an intern

    Pros

    Getting exposure to the corporate environment. The office culture for sure.

    Cons

    Location was very out of the way.

  6.  

    Intern-Tax

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Intern in Long Island City, NY
    Current Intern - Intern in Long Island City, NY

    I have been working at Citi as an intern (less than a year)

    Pros

    They pay very well and have overtime

    Cons

    I did not get a lot of projects that were stimulating

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Vice President

    Current Employee - Assistant Vice President in Long Island City, NY
    Current Employee - Assistant Vice President in Long Island City, NY

    I have been working at Citi

    Pros

    Not very many. Good work life balance. Diversity. Fairly good technologically, compared to other banks.

    Cons

    The middle managers are not hands on at all. They will push work down to lower levels, and if the decision doesn't work out, the same managers will minimize their involvement. If one manager is not capable, they will shift work to others aka voluntold. Way too many business decisions, which leaves to wrong ones.

    Advice to ManagementAdvice

    Dust off your resumes!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 2 people found this helpful  

    A wonderful group of people to work with.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Assistant in Long Island City, NY
    Former Employee - Executive Assistant in Long Island City, NY

    I worked at Citi full-time (more than 10 years)

    Pros

    You have the ability to work remotely which was plus for me because of the 2 hour commute each way.

    Cons

    22 vacations days per year which helped with family events and vacations.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Difficult place to work for involved parents who care about actually raising their children.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Long Island City, NY
    Former Employee - Vice President in Long Island City, NY

    I worked at Citi full-time (more than 10 years)

    Pros

    Prestigious, stable (at least in my early yrs 1994-early 2000's).

    Cons

    Matrix environment, reporting to many "bosses", difficult, hard-driving work environment. You can never leave it there, you always have work to do/it never ends.

    Advice to ManagementAdvice

    Some working parents are as interested in their children as they are in their careers: please don't make us choose. Try to live up to the awards somehow won for "best place to work", "top 100 best places for working mothers". Seriously? It's not true.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Big company with lots of opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Long Island City, NY
    Current Employee - Vice President in Long Island City, NY

    I have been working at Citi full-time (more than 8 years)

    Pros

    Being such a large company with a strong global presence there are many lateral movement opportunities. Movement is allowed after you've been in a role for about 18 months. There are many opportunities to network within the company and move laterally.

    Cons

    In almost every role you'll have to manage your manager and your day-to-day work will be secondary. Promotions within your current role or team is extremely rare. One has to move to another team to move up a level or leave the company for a few years and come back at a more senior position. Although attempts have been made to "flatten" the management structure bureaucracy still exists.

    Advice to ManagementAdvice

    There's needs to be a clear and transparent structure on how employees are rated and compensated. Implement easier and faster ways for execution. Invest in technolog and infrastructure.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Heavily bureaucratic and management doesn't take career development seriously.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance Analyst in Long Island City, NY
    Current Employee - Compliance Analyst in Long Island City, NY

    I have been working at Citi full-time (more than 3 years)

    Pros

    If they like you they will roll over your contract in 6 month allotments.

    Cons

    There didn't seem to be a lot of hiring save for AML. Management has a self defeating and myopic attitude with respect to training. LIC is inconvenient- there were no lunc options, there was mold on certain floors. At least 15 compulsory furlough days.

    Advice to ManagementAdvice

    End the pointless monthly compliance calls

    Recommends
    Neutral Outlook
    No opinion of CEO

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