Citi Singapore today announced a new initiative to support fresh graduates during the COVID-19 pandemic. All summer interns enrolled in Citi’s program this year will be offered a full-time analyst role upon graduation, as long they meet the minimum requirements of the program.
Due to the escalation of the virus outbreak, the internship program will be delayed to July and shortened on duration to five weeks. Depending on the situation, parts of the program may be delivered virtually. These measures are to ensure the safety of the interns and the bank’s employees. However, Citi Singapore will honor its full financial commitment of the original program duration. The duration of the attachment varies between 10 to 12 weeks, depending on the division that the student is attached to.
Jorge Osorio, Head of Human Resources, Citi Singapore said “While these are trying times, we recognized that it is temporary and remain unwaveringly committed in our strategy to build a strong, diverse talent pipeline through key initiatives such as our summer internship program.”
Over 80% of the 76 summer internship offerees are penultimate year students from local universities, including the Nanyang Technological University (NTU), National University of Singapore (NUS), Singapore Management University (SMU), and Singapore University of Technology and Design (SUTD). The rest of the offerees are Singaporeans who are currently pursuing their undergraduate degree overseas. Students go through extensive interviews to be selected to join a high-caliber cohort that has the best potential to succeed at the firm in full-time roles after the completion of their summer internships.
The 76 students will be attached to one of eight Citi Singapore’s business or technology divisions, including Banking, Capital Markets and Advisory (BCMA); Citi Commercial Bank (CCB); Citi Private Bank (CPB); Global Consumer Banking (GCB); International Personal Bank (IPB); Markets and Securities Services (MSS); Operations and Technology (O&T); or, Treasury and Trade Solutions (TTS).