Citadel Group
What do you guys know about Citadel Investment Group? I'd love to hear more about it, and what the company is like. Thanks!
What do you guys know about Citadel Investment Group? I'd love to hear more about it, and what the company is like. Thanks!
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their main offices are in chicago
From what I've heard, they are very performance orientated. You lose, your gone. (Well, most HF's are like that, but they are suppossedly extreme.) Also, I was told that most of the people there are very money hungry, and don't have a life outside of the fund/s.
Again, this is what I've heard. Being only a week into my internship, I don't know a lot yet!
A co-worker of mine over the summer worked for Citadel and hated it. Most of his training class (along with him) was fired right after training because Citadel was going through tough times. They pay pretty well though I think.
I hear they fire a lot of people, but they are WELL compensated. I would almost want them to fire me so I could go to Bschool for free.
lol
Turnover at Citadel is very, very high. They're very active in hiring, and they fire a lot of people as well. They have acquired a reputation for this over the last few years. Doesn't seem like this would be good for worker morale...
The typical starting analyst earns $85K as base, although I know a first-year analyst at Citadel who was offered 130K as base right out of college. So it depends on the individual. But overall Citadel is more generous than quant divisions of big banks.
Guy is a genius
funny thing about Citadel... I sent them an e-mail asking for a little bit more information about their Global Equities group and they responded with a "We're sorry but we're not going to hire you, you're resume is impressive," and all that other shit. Well other than the fact that in no way did I phrase my letter to sound like I wanted a job, I didn't even include a resume
Pretty astute group of moneymakers (most of the time), but turnover's high. Money's good; commensurate with "committment" to the firm.
I know one guy who worked there, and he's looking forward to the day when Citadel will drop off the bottom of his resume. Apparently the ax swings left and right at that place.
any more info?
"It's like the North American Ballistic Military Command." The point of all this technology is to make the firm more agile. It allows Griffin "to assess and grasp situations and get his team deployed at lightning speed in almost any situation," says a former trader. "No other hedge fund has this."
Profile of Ken Griffin and Citadel by Fortune: http://money.cnn.com/magazines/fortune/fortune_archive/2007/04/16/84042…
"No other hedge fund has this."
With all due respect, this trader has no way of knowing what other hedge funds do and do not have.
I think it's call hyperbole.
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