1. University of Utah Top Jobs in Finance Career Conference March 1, 2008 Strictly Private and Confidential

2. Table of Contents Getting Hired 5. The Analyst Role 3. What is Investment Banking? 2. Introduction 1.

3. 1. Introduction

5. is the No.1 Global Bookrunner (2007) Source: Wall Street Journal and Thomson. Tuesday, January 2, 2008. Last year, Citi continued to dominate and maintained No.1 position as underwriter of global stocks and bonds. 2 THE WALL STREET JOURNAL YEAR-END REVIEW OF MARKETS & FINANCE R18 Wednesday, January, 2, 2008 Who's No. 1? Leading stock and bond underwriters, by 2006 proceeds Global Stocks and Bonds U.S. public, Rule 144a, domestic and int’l equity and euro-market issues, ranked by 2207 proceeds ’ - Global Equity and Equity - Related U.S. public, Rule 144a, domestic and international equity and equity-related markets Global Debt U.S. public, Rule 144a and euro-market issues - Loan - Book Managers Syndicated loans in the U.S., ranked by 2007 amounts Global Junk Bonds Corporate high – yield debt in U.S. and int’l markets, - ranked by 2006 proceeds

6. is the No.3 Global M&A Advisor (2007) Source: Securities Data Company, Inc. Note: Ranks based on M&A volume for deals rank-eligible from January 1, 2007–December 31, 2007. Europe includes Middle East and Africa. 3 Europe US Global 529.1 684.8 791.0 674.6 663.5 748.0 550.1 Volume ($bn) 9 6 407.8 7 885.1 4 7 397.1 6 989.0 2 9 269.1 5 1,000.7 5 4 516.3 4 1,1087.7 6 3 517.2 3 1,141.5 1 2 625.4 2 1,333.4 3 1 768.9 1 1, 424.1 Rank Rank Volume ($bn) Rank Volume ($bn)

7. 2. What is Investment Banking?

10. Leading Domestic Investment Banks Global/ “Bulge Bracket” Regional 6

11. What Exactly Do Investment Bankers Do? 7 A banker will provide any service that generates fees for the bank. He’ll even shine your shoes for you if the fees are high enough. (On second thought, he wouldn’t do it personally but he’d have an Analyst do it!). Capital Structuring Strategic Advisory Capital Raising Structure Deals Valuation “ Any service a man in a suit can provide”

13. IBD Organizational Structure Investment Bank (Corporate Finance) Industry Coverage Groups Consumer Products Financial Institutions Telecom Power and Energy Energy Real Estate Paper and Packaging Lodging Financial Entrepreneurs Media Automotive Health Care General Industrials Chemicals Product Groups Equity Capital Markets Restructuring Debt Capital Markets Mergers and Acquisitions Lewis Lee Burton Regional Coverage Latin America 9

14. Structure of the Deal Team Client Investment Banking Coverage Officer IBD Support Accountants Director / Vice President Associate Capital Markets Compliance/ Legal Attorneys Research Analyst 10 The Coverage Officer has primary client responsibility and Associate and Analyst ensure that all members of the working party, both internal and external, are informed and working together.

16. 3. The Analyst Role

20. Presentations (Cont’d) 15

22. 4. Getting Hired

24. Preparation is the Key Preparation is the Key to Success Know the Industry Know the Job Know What Banks Want Know Your Story Practice Your Story Master the Mechanics Distinguish Yourself 18

27. Know Your Story 21 What Banks Want Your Experiences Specific Accomplishments Examples of Your Strengths Why You Are What Banks Want

31. Down the Road… Two Year Program Third Year Opportunity Promotion to Associate Business School Private Equity Venture Capital Hedge Fund Corporate Development Other? 25

32. 27 © 2008 Citi Global Markets Inc. Member SIPC. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citi Inc. or its affiliates and are used and registered throughout the world.