Citadel WLB / Job Security / bonus Vesting issues

New Duffer
Jun 4, 2019 26 Comments

Trying again : got no response last time.

1) How bad is the WLB ? For a new senior tech hire ?

2) How bad is the job security ? How much ramp up time is given to new employees ? Is it too bad to be on H1b?

3) How does the 3 year vesting work ?

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TOP 26 Comments
  • New / Eng chifin
    WLB is pretty bad, 12 hour days are common. Not to mention you're highly monitored and can barely access the internet depending on which team you're on
    Jun 5, 2019 2
    • New Duffer
      OP
      How about job security ? Too risky on H1b ? Do they have PIPs etc / directly fire without warning ?
      Jun 5, 2019
    • New / Eng chifin
      Below average job security, but kind of depends on which team you're on. They will fire poor performers and let go of entire teams sometimes
      Jun 5, 2019
  • Goldman Sachs adudehello
    Wlb is notorious for being harder than tech companies. how difficult was the interview/algorithms?
    Jun 4, 2019 1
    • New Duffer
      OP
      Interviews not done yet.
      Wonder if WLB will be harder than FB/AMZN ?
      Jun 4, 2019
  • Citadel obqF52
    WLB depends on the team and project really. I would rate it average or slightly below average. You are expected to be on-call at all times( this also varies from team to team). As any company as you prove your worth and show some ‘impact’ things ease.

    It is slightly risky on h1b but devs are usually let go on bad performance mostly. The dev role is less volatile than the other business facing one. Less risk less reward.

    They usually enforce some non compete so think about h1b repercussions of that

    They fire without warning.

    You need to give more information on ‘what the 3 year vesting’ means in your context. Will be happy to explain how that works once I know what comp structure it is
    Jun 5, 2019 4
    • Citadel obqF52
      You can’t work for a potential competitor**. Varies from team to team. It’s discretionary on them how much or if they would but your offer letter would specify a maximum limit
      Jun 5, 2019
    • Citadel obqF52
      Invested membership interest would be your skin in the game. Depends on how it’s structured and what covenants are placed but essentially a part of your variable comp will be in their funds. Think of it like equity except it’s not equity. There might be vesting and event covenants(in the event you leave or they make you leave etc).Again this component is discretionary and varies from offer to offer and the seniority of role being hired for
      Jun 5, 2019
  • How does the non-compete relate to “garden leave” ? Are they two different things ?
    Jun 14, 2019 6
    • Citadel kg124
      You need to start the next job immediately after. You may forfeit your noncompete pay
      Jun 29, 2019
    • New Claust
      These days there is a 60 day period in which you can find another job on H1b. Citadel cannot stop from joining a non- financial firm I am sure
      Jun 29, 2019
  • Do a lot of people get fired in the first year ? Or later usually ? Any pattern around firings - PIPs etc ?
    Jun 8, 2019 3
    • I mean - in your prior knowledge . Someone you know who got fired - they had been in Citadel for some time ?
      Jun 14, 2019
    • Citadel kg124
      I know too many people fired in less than one year. But there are many people fired after eleven years I know
      Jun 29, 2019
  • Does Citadel pay severance for fired people ?

    Does Citadel pay for the non-compete arrangement ?
    Jun 8, 2019 1
    • Citadel kg124
      Yes yes
      Jun 14, 2019
  • New / Eng chifin
    Any other company in Chicago pay similar to citadel for SWE?
    Jun 8, 2019 0
  • Citadel kg124
    agree with above. non-compete + firing + bad wlb
    Jun 8, 2019 0
  • Zillow Group zite
    What's the 3 year vesting about? Sign on?
    Jun 4, 2019 0

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