moving from citadel to two sigma

New xjvp34
Oct 9 35 Comments

what is it like to move from one to another (assuming you get the offer from ts) or to other hedge funds that are less corporative/ more like a tech company/ less crazy hours? especially with the noncompete at citadel I've heard is long, and always enforced. is it doable?

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TOP 35 Comments
  • New xjvp34
    OP
    not horrible, not great. it largly depends on the team you're in, but some people put in a lot of hours, and I get the feeling it's a bit frowned upon if you don't do the same if you're in a team like that. mostly, the culture is really corporate, desktops are locked out of the internet, you get free food but eat at your desk etc.
    Oct 9 12
    • Goldman Sachs fake engineer
      Who cares when you make that much money...
      Oct 11
    • Chase / Eng (๑•﹏•)
      It sounds horrible and I mean really horrible. We see that too in finance tech industry and we don't like it one bit and that's the reason why we change teams or even change companies regularly. To all who thinks that it's normal and should be expected, you might wanna get your brain checked.
      Oct 11
    • Goldman Sachs / Eng username?!
      I agree, it's like selling your soul and is a recipe for burnout. I am quitting soon even though I am doing great career wise and have been promoted every year.
      Oct 11
    • Google natashala
      How can you work if your desktop has no internet access?
      Oct 16
    • New xjvp34
      OP
      you get internet access through a vm or similar. so they understand that you need it, and you need to deal with how laggy and awfully unresponsive your internet is .
      Oct 17
  • Microsoft suckcoding
    OP, do you work at Citadel? Is WLB bad?
    Oct 9 8
    • Citadel xeNi78
      Think I’m just at the wrong company.
      Oct 11
    • Microsoft suckcoding
      Is $/hour at least worth bad WLB?
      Oct 11
    • Citadel xeNi78
      For me no, but it seems it can vary group to group. Coming here I went from 250 to 350 TC, but also much longer hours and less vacation than previous finance firm (55/week and 3 weeks vacation at Citadel vs 35/week and 5 weeks vacation previous). So my time is less valuable by ~$20/hr . But people pull much bigger TC than me here so it all depends.
      Oct 11
    • Voya / Finance
      Blind867

      Voya Finance

      PRE
      Voya Financial
      Blind867more
      What was your prev employer?
      Oct 11
    • Rubrik xVQT18
      Also how many YOE? @xeNi78
      Oct 11
  • State Farm sweeeeee
    What’s going to happen to your noncompete?
    Oct 10 9
    • Jane Street Capital JBoC63
      Interesting. I have an offer letter that doesn’t mention anything about that
      Oct 10
    • Schonfeld / Eng
      9527

      Schonfeld Eng

      PRE
      Intel, morganstanley, citadel, etrade
      BIO
      coding monkey
      9527more
      Why do you care? You will most likely stay in finance, so they pay you base salary to sit out.
      Oct 10
    • Mesosphere / Eng Onesie
      Citadel recently changed their non compete to just the pay the difference (applies to all new joiners). The rest of top hedge funds still pay the full amount. Also, it’s not always just the base salary but depends.
      Oct 12
    • Schonfeld / Eng
      9527

      Schonfeld Eng

      PRE
      Intel, morganstanley, citadel, etrade
      BIO
      coding monkey
      9527more
      @Onesie for non-investment professionals many funds won’t enforce non-compete. For investment professionals the base salaries are literally peanut money.
      Oct 12
    • Mesosphere / Eng Onesie
      For people in core technology, most funds do and a base salary near 200 is not peanuts IMO unless I am missing something.
      Oct 12
  • Jane Street Capital JBoC63
    Presumably you should just take a long vacation and collect your salary. Citadel is probably going to enforce your non compete
    Oct 10 1
    • Schonfeld / Eng
      9527

      Schonfeld Eng

      PRE
      Intel, morganstanley, citadel, etrade
      BIO
      coding monkey
      9527more
      You can join FANG and Citadel will pay the salary difference
      Oct 10
  • NASDAQ / Ops
    WLPd62

    NASDAQ Ops

    PRE
    Nasdaq
    WLPd62more
    Non competes are typically enforced for only that specific area of finance or could potentially be anywhere in finance. Most companies have it now. All depends on the firm. The duration of the non compete coincides with the duration of the severance paid.
    Oct 12 0

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