Citi 2028 superday guide

For
2028 summer analysts
Sources
12 cited

Invited to a Citi superday? Here is the format by program, who you meet, the technical, credit and behavioral questions each round asks, how to prepare and when you hear back.

A student in a navy suit taking a virtual final-round interview on a laptop inside a glass study pod in a business school building, a glass of water and a closed notepad beside the laptop, seen through the glass from the corridor.
A Citi investment banking superday has been three back-to-back 30-minute interviews, each with a different banker.

Key facts

  • Interviews: Three interviews: back to back in investment banking (New York, Jan 2026) and corporate banking (New York, May 2026), and three in a capital markets superday (New York, Sep 2026, full-time analyst).3,4,6
  • Length: About 30 minutes each in investment banking, so about 90 minutes in all. A Services superday in New York ran two hours with a case study.3,5,11
  • What Citi says: Depending on your program and location, the final stage is multiple interviews, an assessment or a case study exercise.1
  • Who you meet: In New York investment banking: an associate for technicals, a director for behavioral and leadership questions, and a third interviewer for the resume. Expect VPs, directors and MDs across the day.3,11
  • Before it: A one-on-one first interview first. In New York investment banking, that was two back-to-back 30-minute interviews; corporate banking ran a first and a second round.1,3,4
  • How technical: Investment banking technicals run a bit harder than at other bulge brackets, with M&A and LBO questions from the first round. Corporate banking leans on credit; Services and capital markets are mostly behavioral.9,4,5,6
  • In person or virtual: Expect a video superday: one prep guide describes three back-to-back Zoom breakout rooms. Earlier rounds have run by phone.11,3,7
  • Hearing back: Citi or your recruiter reaches out with an offer. Corporate banking in New York ran from first round to offer in under a month, and one prep guide puts superday to offer at about a week.1,4,11

The shape changes by program. Services in New York ran a two-hour superday with a 30-minute case prep and a 30-minute case with a VP; Houston energy banking told candidates to expect a case component; capital markets in New York added two more interviews after the superday.5,10,6

What the Citi superday looks like

  1. The first round, first

    Citi's superday follows a one-on-one first interview on your background and how your goals fit Citi. In New York investment banking for summer 2027, that was two back-to-back 30-minute interviews: one mixed behavioral and technical, the other on personality and the resume. In the summer 2026 cycle, HR described the New York investment banking first round as an hour long, heavy on behavioral questions with baseline technicals and industry knowledge.1,3,10

  2. The invite

    In investment banking in February 2026 (summer 2027), superdays rolled one to two weeks after first rounds. In corporate banking, a first round and a second round came before the superday, and the whole process took under a month.9,4,11

  3. Who you meet

    Each interview is with a different banker. In New York investment banking, the first was an associate, the second a director and the third went through the resume in depth. Expect MDs, directors and VPs across the three rooms.3,11

  4. Each interview

    Three interviews: back to back and about 30 minutes each in investment banking, back to back in corporate banking, and three in a capital markets superday. Interviewers pick their own questions inside each round, so be ready for behavioral, technical and markets questions in all three.3,4,6,11

  5. What they ask

    In investment banking, the associate round is technical, the director round is behavioral and leadership, and the resume round looks for any overstatement. Corporate banking asks how you assess a credit and what you follow in the credit markets. Capital markets ran two behavioral interviews and one technical with simple DCF questions.3,4,6

  6. When the final stage is a case

    Citi says the final stage can be an assessment or a case study, depending on the program. In Services in New York, the two-hour superday included 30 minutes to prepare a case and 30 minutes walking a VP through the solution, with behavioral interviews for the rest. Houston energy banking candidates were told to expect a case component.1,5,10

The rounds, by program

Investment Banking, New York (Jan 2026) 3 x 30 min
Back to back: technical with an associate, behavioral and leadership with a director, then the resume.
Corporate Banking, New York (May 2026) 3 interviews
Back to back, after a first and a second round. Credit technicals, then behavioral.
Services, New York (Oct 2025) About 2 hours
30 minutes to prepare a case, 30 minutes on it with a VP, then behavioral interviews.
Capital Markets, New York (Sep 2026, full-time) 3 interviews
Two behavioral and one technical, then two 30-minute interviews after the superday.
Energy, Houston (summer 2026 cycle) Not stated
Interviews with a case component.

Citi's own line is that the final stage is multiple interviews, an assessment or a case study depending on the program and location. Each row is one group's superday, with the month it ran.1,3,4,5,6,10

Before your superday

  • Every line of your resume, ready for a round that does nothing but test it for overstatement.
  • M&A and LBO basics you can walk through cleanly: accretion and dilution, sources and uses, what drives returns.
  • WACC from scratch, with numbers, and how it moves when the debt mix changes.
  • For corporate banking: how you would assess a borrower, and one credit story you have followed.
  • Three or four leadership and teamwork stories of about two minutes each.
  • A reason for Citi and for this group that only you could give.
  • For a video day: camera at eye level, laptop plugged in, a quiet room, and a glass of water.

The questions

Interviewers choose their own questions, so expect each type in every round. Investment banking leans technical, corporate banking leans on credit, and every round can go back to your resume.11,3,4

  • Technical: M&A, LBO, WACC and DCF in banking; how you assess a credit in corporate banking.
  • Behavioral and leadership: A time you led, worked in a group or dealt with a challenge, followed up live.
  • Resume deep dive: A full round on your resume, checking each line for overstatement.
  • Fit and motivation: Why Citi, why this business, why this group, and your strengths and weaknesses.
  • Markets and credit: Something you have been following in the credit markets, or the rates outlook.

Which division question you get

Investment Banking
New York (Jan 2026): a technical round with an associate, a behavioral and leadership round with a director, and an in-depth resume round looking for overstatement. In the same cycle, a first round asked M&A and LBO questions a bit harder than at other bulge brackets.3,9
Corporate Banking
New York (May 2026): how you assess a credit situation, how you value a government credit, something you follow in the credit space, strengths and weaknesses, and a time you worked in a group.4,12
Services
New York (Oct 2025): a case study, 30 minutes to prepare and 30 minutes with a VP, then basic behavioral questions. Knowing the core Services businesses helps you stand out.5
Capital Markets (full-time analyst)
New York (Sep 2026): two conversational behavioral interviews and one technical with simple DCF questions, including a WACC calculation, then two more interviews on past work after the superday.6,12
Investment Grade Finance (analyst role)
New York (Oct 2026): two back-to-back phone calls with an analyst and an associate, mostly behavioral, with a few technical questions on the markets and rates.7,12
Energy, Houston
Summer 2026 cycle: candidates were told the superday would include a case component.10
Sales and TradingBest guess
Expect why markets, a view on rates or a market you follow, and how you think under pressure.

The Sales and Trading line is our best guess from the capital markets and credit questions above.

Example questions and how to answer them

Credit"How do you assess a credit situation?"4
  1. 1Start with the question a lender asks: will this borrower pay us back, on time, in a downside case?
  2. 2Cash flow: how stable it is, and coverage ratios such as EBITDA to interest.
  3. 3Leverage: debt to EBITDA against peers and against the rating the company targets.
  4. 4Structure: what ranks ahead of you, collateral, covenants and maturity.
  5. 5Close with the business and management: industry risk, market position and track record.

Tip: Asked in the technical round of a corporate banking superday in New York. A clear structure matters more than naming every ratio.

Example answer, written by Intervyo (not a real candidate)

Written by Intervyo as an example. I start from one question: if things go wrong, does this borrower still pay us back? First, cash flow: how predictable it is, and whether EBITDA covers interest comfortably, say four times or more. Second, leverage: total debt to EBITDA, compared with peers and with the rating the company wants to keep. Third, structure: where our loan ranks, what collateral and covenants we have, and when the debt comes due. Finally, the business itself: how cyclical the industry is, how strong the company's position is, and whether management has kept its promises to lenders before. Then I would run a downside case, for example a 20 percent drop in EBITDA, and check that coverage still holds.

Credit"How do you value a government credit?"4,12
  1. 1Say what you are judging: the government's ability and willingness to pay.
  2. 2Ability: debt to GDP, deficits, growth, and how much debt is in foreign currency.
  3. 3Willingness and institutions: political stability and payment history.
  4. 4Market view: the rating, and the spread over a benchmark such as Treasuries.
  5. 5Finish with what would change your view.

Tip: Asked in the same New York corporate banking process. Ask whether they mean a country or a US state or city, then answer for that one.

Technical"What is WACC?"8,6,12
  1. 1Define it: the blended return a company must earn for all its investors, debt and equity.
  2. 2Give the formula: the cost of equity times equity weight plus the after-tax cost of debt times debt weight.
  3. 3Explain each piece: cost of equity from CAPM, cost of debt after tax because interest is deductible.
  4. 4Say what it is for: the discount rate in an unlevered DCF.

Tip: Asked in a New York generalist process alongside "walk me through your resume", and as a worked calculation in a capital markets superday. Have a quick worked number ready in case they push.

Example answer, written by Intervyo (not a real candidate)

Written by Intervyo as an example. WACC is the weighted average cost of capital: the blended return a company has to earn to satisfy both its lenders and its shareholders. You take the cost of equity times the share of equity in the capital structure, plus the cost of debt after tax times the share of debt. The cost of equity usually comes from CAPM: the risk-free rate plus beta times the equity risk premium. The cost of debt is taken after tax because interest is deductible. So with half debt at 6 percent, a 25 percent tax rate and half equity at 10 percent, WACC is 0.5 times 4.5 plus 0.5 times 10, or 7.25 percent. It is the rate you use to discount unlevered free cash flow in a DCF.

Technical"Walk me through how an LBO works."9
  1. 1A sponsor buys a company using a lot of debt and some equity.
  2. 2The company's cash flow pays interest and pays down the debt over three to seven years.
  3. 3The sponsor sells or lists the company, repays what debt is left and keeps the rest.
  4. 4Returns come from three places: EBITDA growth, a higher exit multiple and debt paydown.
  5. 5Close with what makes a good LBO candidate: steady cash flow, low capex, room to cut costs.

Tip: Citi investment banking first rounds in February 2026 asked M&A and LBO questions a bit harder than other bulge brackets. Be ready to do simple LBO math out loud.

Behavioral and leadership"Tell me about a time you showed leadership."3,11
  1. 1Pick a moment where you set the direction, not just did your part.
  2. 2Set the scene in two sentences: the group, the goal and what was at stake.
  3. 3Spend most of the answer on what you did and why.
  4. 4Give the result in numbers if you can, and one thing you learned.

Tip: The director round in a New York investment banking superday was behavioral and leadership, and leading a group comes up in first rounds too. Pick a story that is on your resume, because the next round may test it.

Example answer, written by Intervyo (not a real candidate)

Written by Intervyo as an example. Last spring I led a five-person team in our school's credit case competition. Two weeks out, our model and our write-up did not match, and two teammates had stopped coming to meetings. I split the work so each person owned one section end to end, set a short check-in every other evening, and took the model myself so the numbers would tie to the memo. I also asked the two quieter teammates what was getting in the way; one had an exam clash, so we moved her deadline. We finished two days early, placed second of 18 teams, and I learned that most of leading is making ownership clear.

Markets and credit"Tell me about something you have been following in the credit space."4
  1. 1Pick one story you can explain in a minute: a deal, a default, a rate move.
  2. 2Say what happened, with one or two numbers.
  3. 3Explain why it matters for borrowers and lenders.
  4. 4Tie it to the group: what it means for Citi's clients or for this team.

Tip: Asked in a New York corporate banking superday. Read the credit news for the two weeks before your interview and pick one story you can defend.

More Citi superday questions

Behavioral

  • “What are your strengths and weaknesses?”4

    Corporate Banking, New York, May 2026

  • “Tell me about a time you worked in a group.”4

    Corporate Banking, New York, May 2026

  • “How do you prioritize your time?”4

    Corporate Banking, New York, May 2026, asked in the second round before the superday

  • “Tell me about a time you made a mistake and how you worked through it.”11

    Investment Banking superday, behavioral room, from a prep guide's list

Technical

  • “M&A technicals and LBO questions.”9

    Investment Banking, first round, Feb 2026; topics, not exact wording

  • “With $50 of debt, $50 of equity, a P/E of 10x and a 6% cost of debt, what is WACC?”6,12

    Capital Markets, New York, Sep 2026 (full-time analyst)

  • “Simple DCF questions.”6

    Capital Markets, New York, Sep 2026; topics, not exact wording

  • “Walk me through your resume.”8,12

    Generalist, New York, Mar 2026; stage not stated

Fit and motivation

  • “Why Citi, why corporate banking and why this group? Tell me about yourself.”4

    Corporate Banking, New York, May 2026, first round

  • “How do you use AI?”4

    Corporate Banking, New York, May 2026, second round

Markets and firm knowledge

  • “What do you know about current rates, and how do you see AI shaping where they go?”7,12

    Investment Grade Finance, New York, Oct 2026, phone interview; our paraphrase

  • “What are the core businesses that make up Citi Services?”5,12

    Best guess

    Not asked as such in Services, New York, Oct 2025, but knowing the five core businesses helps you stand out

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How long to hear back after the superday

If you are the best fit, Citi reaches out with an offer and your recruiter takes you through the details. In banking, superdays roll one to two weeks after first rounds, and decisions follow within days to weeks.1,9,4,11

  1. Feb 2026 (summer 2027)

    Investment Banking, US

    Told after a first round, on Feb 8, that superdays would roll in one to two weeks.9

  2. Jan 2026 (summer 2027)

    Investment Banking, New York (Early ID)

    First round by the end of Early ID, then a superday of three. No offer; the whole process took one to two months.3

  3. Apr 2025 (summer 2026)

    Generalist program, New York

    An applicant with an Apr 8 superday was still waiting on Apr 10; one with an Apr 9 superday had the call on Apr 11.10

  4. May 2026 (summer analyst)

    Corporate Banking, New York

    First round, second round and superday, recruited on campus; accepted an offer less than a month after starting.4

  5. Oct 2025 (summer 2026)

    Services, New York

    Two behavioral rounds, then a two-hour superday with a case; offer accepted, all in less than a month.5

  6. Sep 2026 (full-time analyst)

    Capital Markets, New York

    Two more 30-minute interviews after the superday before a decision; one to two months in all.6

Some groups add a round after the superday, so a call to schedule more interviews is not a rejection.6

Best guessExpect a decision within one to two weeks of a banking superday. If two weeks pass, send your recruiter one short, polite email and keep your other processes moving.

What happens after the superday

  1. Online application

    A resume on Workday, with a Citi-specific account. Early ID registers on Eightfold.1

  2. Skills evaluation (Services and Technology)

    A skills discovery survey for global Services programs, or a coding assessment for Technology.1

  3. First interview

    Done. A one-on-one interview; in New York investment banking, two back-to-back 30-minute interviews.1,3

  4. SuperdayYou are here

    This page. Multiple interviews, an assessment or a case study, depending on the program; three back-to-back 30-minute interviews in banking.1,3,4

  5. Offer

    Citi reaches out with an offer, and your recruiter takes you through the details.1

Investment banking vs other programs

Banking superdays at Citi share one shape: three back-to-back interviews, 30 minutes each in investment banking. What changes by program is what comes before, how technical it is, and whether there is a case.

Before the superday

Investment banking

Two back-to-back 30-minute first-round interviews (New York, Jan 2026).3

Corporate banking, Services and capital markets

Corporate banking: a first and a second round. Services: two behavioral one-on-ones.4,5

The day

Investment banking

Three back-to-back 30-minute interviews.3

Corporate banking, Services and capital markets

Corporate banking: three back to back. Services: about two hours with a case.4,5

Who

Investment banking

An associate, a director and a resume round; MDs, directors and VPs across the day.3,11

Corporate banking, Services and capital markets

Services: a VP for the case. Investment Grade Finance phone interviews: an analyst and an associate.5,7

How technical

Investment banking

M&A and LBO from the first round, a bit harder than other bulge brackets.9

Corporate banking, Services and capital markets

Corporate banking: credit. Capital markets: simple DCF. Services: basic behavioral.4,6,5

After

Investment banking

An offer call from Citi or your recruiter.1

Corporate banking, Services and capital markets

Capital markets (full-time) added two more interviews after the superday.6

FAQ

How many interviews are in a Citi superday?

Three in investment banking, corporate banking and capital markets in New York, back to back in the first two. Services ran a two-hour superday with a case study and behavioral interviews.3,4,6,5

How long is each Citi superday interview?

About 30 minutes each in investment banking, so about 90 minutes for the three. The Services superday in New York ran about two hours, including 30 minutes to prepare a case.3,5,11

Who interviews you at a Citi superday?

In New York investment banking, an associate ran the technical round, a director the behavioral and leadership round, and a third interviewer the resume. Expect MDs, directors and VPs across the day.3,11

Is the Citi superday virtual?

Expect it to be. One prep guide describes three back-to-back Zoom breakout rooms, and earlier rounds have run by phone. Set up as you would for any video interview, and check the invite for the format.11,3,7

How technical is the Citi superday?

In investment banking, more than most: first rounds in February 2026 asked M&A and LBO questions a bit harder than other bulge brackets, and the superday has a full technical round with an associate. Corporate banking asks about credit, and Services and capital markets are mostly behavioral.9,3,4,5,6

Is there a case study at the Citi superday?

In some programs. Citi says the final stage can be an assessment or a case study, depending on the program and location. Services in New York gave 30 minutes to prepare a case and 30 minutes with a VP, and Houston energy banking candidates were told to expect a case component.1,5,10

When do you hear back after a Citi superday?

Citi reaches out with an offer, and your recruiter takes you through the details. Corporate banking in New York went from first round to offer in under a month; some groups add interviews after the superday first.1,4,6

Does Early ID help at the superday?

It gets you there sooner. Early ID includes interview preparation for summer analyst roles, and one New York participant was invited to a first round by the end of the program. The superday itself is the same three interviews.2,3

Superday at other firms

Sources

Firm pages first, then dated candidate reports. Last checked Nov 4, 2026.

  1. 1Citi: Early Career (application process)
  2. 2Citi: Pre-Internships (Early Identification)
  3. 3Candidate report on a public forum: Summer Analyst interview, Investment Banking, New York (Jan 2026)
  4. 4Candidate report on a public forum: Summer Analyst interview, Corporate Banking, New York (May 2026)
  5. 5Candidate report on a public forum: Services Summer Analyst interview, Corporate Finance, New York (Oct 2025)
  6. 6Candidate report on a public forum: Analyst interview, Capital Markets, New York (Sep 2026)
  7. 7Candidate report on a public forum: Capital Markets Analyst interview, Investment Grade Finance, New York (Oct 2026)
  8. 8Candidate report on a public forum: Intern interview, Generalist, New York (Mar 2026)
  9. 9Candidate discussion on a public forum: Citi SA 2027 - multiple roles? (Dec 2025 to Mar 2026)
  10. 10Candidate discussion on a public forum: CITI SA 2026 MEGATHREAD (Jan to Apr 2025)
  11. 11Aced: Citigroup Investment Banking (IB) Summer Analyst Interview Guide · prep site
  12. 12Candidate reports on a public forum: Citigroup Interview Questions (listing, page 1, Nov 2026)

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