What it Does: Citigroup safeguards wealth, provides loans, makes invoices, and assesses the resources in place of its consumers. It helps in making connections among individuals around the globe. It also plays a role in guiding its clients about investments. It also finances and helps the government to all extents to make a strong base of the country like schemes for houses, transport, and other important requirements of the people. Citi supports ninety per cent of Fortune 500 Companies in their routine tasks of recruitment, progress, and accomplishments.
Mission: Citi’s goal is to make possibilities that allow the economy's expansion. It intends to connect people all over the world.
Size and Presence: The bank has more than two lakh twenty thousand workers working in it and two lakhs, thirty-six thousand and ninety-four employees are on LinkedIn. It is physically present in 95 counties including India and other Pacific areas of Asia, Europe, the Middle East, Africa, Latin, and North America. Its localized work surface for trade is present in 77 markets. Its custodian networking is present in 63 markets.
Best Known for: Trading and speculating banking, administration of assets, providing loans, assessing the resources, equality, investment strategies, and assistance in the transfer of money.
The Good Bits: Citi is very responsible in terms of ethics. The heads, workers, and associates write blogs to talk about the methods of enabling the progression of the economy for customers all around the world. It has a section for Frequently Asked Questions on its website so that people can communicate with them.
The Bad Bits: The customer service is very poor. The security system is not well-managed. Their service for personal loans is also very poor.
In 1812, a bank was founded by a group of businessmen to help the government of the United States against Philadelphia, Boston, and Baltimore. In 1813, the bank was rewarded by the government and it got the repository level. At that time, there were fifteen co-founders of the bank.
The bank was made to cater to the needs of its clients. In 1996, Citi Islamic Investment was established in Bahrain based on the prohibition of interest in Islam. Citi bank had a long journey and now it's headquartered in New York. Now its many offices are working in India as well.
Citi has an inclusive environment that allows equality among the workers. As the bank belongs to many countries, there is diversity in the culture of the workplace. It encourages its workers to be comfortable so they can be themselves and bring more energy to the workplace.
Citi does not promote biases in the workspace and trains its employees that they don’t even unconsciously show biases to each other. Citi is very flexible about the time and place of work of their workers. It provides various opportunities to develop and learn.
The recruitment depends upon the diversification of the people which can bring diversity in ideas. Citi digitally tests people through which identification of the right candidate takes place. The team members also give pieces of advice to the candidates selected for the interview to make their best efforts. It also runs university programs that provide the opportunity for students to get hired in the bank. It makes sure that women, of all races and minorities from different ethnicities can apply for the job.
Citi promotes the freshers to join and polish their abilities. They provide training during the job through experienced individuals working at the global bank. They focus to provide opportunities in different regions to bring diversity.
The income for a fresh graduate in Citi is 6.1-7.8 lakhs (INR) per year.
Citi runs a foundation for a better community, economy, and environment. In 2020, Citi started Action for Racial Equity and in January 2020, it spent 200 million dollars for this purpose. It supports new businesses started by women and ethnic groups.