Quitting Citadel and presented with offers from both desco and bloomberg. Which should I take and why? I'm committed to leaving citadel. Both tc are comparable at slightly north of 300k. Bloomberg a bit heavier on the base. 5yoe 450k tc #bloomberg #deshaw
Go Go Go
Which one tho?
If both TC and work is comparable, I would choose BBG Bbg is basically what you decide to make of it. Dont expect big raises tho
Selling point that the DE Shaw recruiter told me was that they have more opportunities to make money at a much lower stress level than citadel
Yea, TC upside is probably higher at desco, although they haven't done as well compared to their peers this year I'd say go for the role which gives you more growth. Think about what you want to do next and which role positions you better for that
I can’t speak for the culture at DES but Bloomberg is great. What are you gonna be working on? I am actually interested in CitSec so I’d love to swap notes..DM if interested.
desco
Why?
greater bonus potential, good hours, good name (i know you dont care, but companies have good names for a reason) i suggest you ask the recruiter to setup a chat with an engineer. i think youll find that the hours are very reasonable
De Shaw lowball I think.
Maybe, but their wlb is way better than citadel
desco and bbg are >= 2 tiers apart how is this a real question
What makes you say they're >= 2 tiers apart?
Think it’s well known across the finance industry that BB is a mass employer and is no where near in pedigree to DESCO. Though your offer does seem to be on the lower side. Not sure why they won’t even come close to your CitSec offer given that they are competitors (not the MM side). Usually, in general, any hedge fund you go to in the top 10 would have a better work life balance than what you currently have :)
De shaw is very impressive on a resume, if you care about that. Bloomberg not so much. I would go to de shaw just for the opportunity to work with super smart people. I assumed they paid more though, surprising they are only offering a similar comp as BBG. I thought they would pay at or around citadel level
They already have Citadel on their resume though
Given that I don't care about name, which should I pick?
Op what do you value at work. You are taking a big pay cut so what is the reason for leaving Citadel.
Work isn't really fulfilling and wlb is absolute trash. Easily pulling 60-70 hours every week. I just don't enjoy working here
Then I would suggest Bloomberg as you will be working 45 hours while at desco you can be putting in the same hours you are right now.
From what I hear Bloomberg has better WLB (although both are much better than Citadel). It sounds like you're making a sacrifice in pay and prestige for better WLB, so think of DE Shaw as the middle ground and Bloomberg as the extreme of that compromise (immediately in terms of prestige, and likely later in terms of compensation).
Why leaving Citdael?
Just don't like working here