Good teams and teams to avoid at Citadel?
Joining Citadel for an internship next term. Looking for cool work (low latency/C++/preferably related to their HFT stuff) but also don't want to work more than 50-55 hours a week. I prefer NYC to Chicago. I will be given a document shortly describing the various teams but wanted to get early insight on this. I've heard Securities is "better" for tech than the HF side? Thanks!
Mind asking how much they pay for interns?
2800/week + free housing. I think if you have competing offers from other similar companies like Jane street, they will pay more but I didn't have such offers
Chicago is the office to be in. Better food, cheaper expenses. Plus it's a hq so has way more decision making people. Unfortunately most of the "cool work" comes with longer hours. But you'll learn a ton.
How long do you mean by "longer hours"?
50-50+
Would recommend securities side for engineering, especially if you’re interested in low latency and infrastructure type work. Hedge fund is better if you’re interested in the finance/trading side of the business. I would recommend you keep your location preference open - NYC only is going to be pretty limiting for team selection
Cool thanks. Do you know how the team selection works? Do managers also rank incoming interns or do interns have free selection, as long as other interns have not taken the spots?
I think managers will usually choose between interns if multiple want the same team, not sure there’s a formal process to it. From what I’ve seen, interns generally get on of their top few choices though
Good stuff
Good team: securities. To avoid: everything else
why?
Keep in mind securities covers about half of the business so it’s not one specific team but many teams