Citigroup Cancels Its 2010 ‘CitiSelect’ Summer Program

Citigroup, whose “CitiSelect” initiative operates much like a typical Biglaw summer associates program, has canceled the program for 2010, and will not be holding on-campus interviews.

The program prepares 2Ls for a career as in-house council. Compensation is similar to that offered at Biglaw firms.

Citigroup is a major American financial services company based in New York, New York. It was formed from one of the world’s largest mergers in history, by combining the banking giant Citicorp and financial conglomerate Travelers Group in 1998.

Citigroup has the world’s largest financial services network, spanning 140 countries with approximately 12,000 offices worldwide. The company employs approximately 300,000 staff around the world, and holds over 200 million customer accounts in more than 140 countries. It was the world’s largest bank by revenues in 2008.