Just got off the phone with a recruiter and I didn't ask - but would like to know the difference between Citadel and Citadel Securities. Which would be better pay to work for? I understand the WLB isn't great but I'm willing to sacrifice this because I've already lived in NYC my whole life and can easily commute to the office when they do eventually go back. Also - anyone understand what the interviews are like? Apparently some are saying they've been rejected (based on a Blind search of course) based on easy leetcode. Of course, with no context easy can mean anything. I should mention this would be for a Front Desk Quant Developer role. TC: 210k #engineering #software #swe
Offer?
No offer yet, I’ve yet to dive into the process. I was looking to find some info on them first, searched up on blind and a lot of polarized info
Pick Citadel Securities. They’re (primarily) an options market maker (read: $$$) Citadel LLC is an old-school hedge fund. Don’t go there
I’m talking about GQS
@QR were you working at GQS?
Citsec is NOT primarily options market making. They are the largest options market maker, but equities is gigantic and makes more money than options
My friend at Securities said options is more profitable; probably he meant by %? Or was that a lie
Probably risk-adjusted returns, e.g. Sharpe > 3
Citadel is the hedge fund. It's a so-called multi-manager. They do everything but it skews towards long-short equity (fundamental) and statistical arbitrage (quant). Citadel Securities is the market maker. Focuses on high frequency trading. Avg comp in securities is higher than Citadel. But the biggest PMs at Citadel make more than the CEO at Citadel Securities.
Very useful info. Thank you. You mention PMs...I’m assuming that’s not Project/Product manager? I’m SWE so I’m a bit confused
In a hedge fund, PM = Portfolio Manager