moving from citadel to two sigma
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?
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.
This is pathetic culture
it's not the worst, some parts are pretty common in finance, or so I'm told. but yeah, not a fan and looking to move somewhere else, but want to hear more before applying everywhere and focus on the places that would provide the environment I'd like.
What’s going to happen to your noncompete?
This ^ Doesn't Citadel make you sign a non compete when you join?
Someone explained b4: if you want to stay in finance and leverage the experiences, you have to sit out and they pay you base salary. If you want to change industry and start working right away, they will pay the difference if your new base is lower
Presumably you should just take a long vacation and collect your salary. Citadel is probably going to enforce your non compete
You can join FANG and Citadel will pay the salary difference
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.
OP, do you work at Citadel? Is WLB bad?
Wlb is garbage there I've heard
I currently work at Citadel Securities. 55 hour work week is the minimum for most people