Citadel Associate / P72 Comp
Actually not much on here about full time comp after successful training out of UG. Thanks in advance to anyone with info
Actually not much on here about full time comp after successful training out of UG. Thanks in advance to anyone with info
+100 | Best SM seats in 2024? | 78 | 7s | |
+90 | If and when to move to a pod? | 26 | 2h | |
+69 | Pod Shop Regret | 24 | 1d | |
+26 | Intellectual Caliber of People in HF | 15 | 22h | |
+23 | Understanding pod shop leverage & cash usage | 2 | 3d | |
+16 | Are you making money these days? | 9 | 5d | |
+16 | SM Career Trajectory | 5 | 8h | |
+12 | Mid to Low Frequency Quantamental | 1 | 6d | |
+12 | Suggestions for market structure analysis & better trades | 2 | 14h | |
+11 | PMs: move across platforms, latest terms | 5 | 6s |
Career Resources
Bump
225-250k
What are these stories I hear of people making 400-500k at citadel? Are they mostly in citsec or does the hedge fund also pay well?
Surveyor
For P72??????????????
For academy yeah. Base is like 130/140k usd. All in is around 225k
CAP is around 250 first year doesn’t matter whether GE, Surveyor or Ashler for comp. GFI is 400+.
Base, sure.
Bonus…
If you think any MM is paying 250 base for non-pm, you’re out your mind
any more data on GFI being 400? What's the reason for pay discrepancy between them and CAP
Probably because it's more quant heavy
What is % bonus range for academy, wondering since academy aso doesn’t really create any value lol
Bonus comes from conversion
What do you mean by bonus from conversion
What’s P72 comp for analysts that aren’t in the academy program? Say they’re coming from 1-2 years of IB
Same as a first year that graduated the academy
Is that same as the regular academy comp or a bit higher?
For MM out of college programs pros/cons as far as I know are (comps are first year only)
———————————————————
P72: (base: 135k, signing 25k, bonus 10-15k)
pros - most established good program, analyst-pm (no bs bureaucracy), highest base, the fund is L/S equity heavy, lowest turnover of MMs.
cons - academy is no joke - it actually is a challenging program, lower return rate (esp SA > FT)
———————————————————
MLP: (base: 110k, signing 15k, bonus 10-15k)
pros - training at UBS (more option having SS ER), same analyst - pm structure, two-year guarantee
cons - training at SS ER might not be enough to start right away at MLP, lowest comp
———————————————————
Citadel: (base: 120k, signing/bonus: unknown, 6m sponsored housing)
pros - 6m good housing (worth 30-40k), assuming comps is somewhat higher
cons - turmoil in their training program personnel, asso - an - pm structure (less freedom more bureaucracy), highest turnover out of these 3
———————————————————
Baly takes ug need-based but doesn’t have a formal program
this is as far as I know but welcoming any feedback
i think your numbers on p72 and citadel are too low… both are around 225k all in
225k all in for Y1 at the program out of college??
What is the pay for Y1 (non-academy / program) analyst at these pod shops then?
Citadel is approximately 140 base
P72 summer return is quite high, 80+, and the rest included a few pursuing other FT opportunities like PE
false on return rates for p72--85% for last years class.
Citadel averages out to around $240k, some higher some lower (think a reasonable range is $210 - $270), and I believe you get housing for 6 months.
It really depends on your contribution / your team / your PM.
Any advice for recruiting there Full-time? Interning at a BB IB this summer but looking to go a MM after graduation
Don’t be mid
Do the winter internship if p72
I think that already past for me, I'm doing IB BB SA this summer. Any advice to get into the full-time process? Do I just network with people and connect with biz dev. Does anyone have general timeline and any advice/resources to prep?
Do you know when the winter internship opens?
.
Anywhere from $200k - $1m. Depends on your performance, your team’s performance, and your PM. Analyst I’ve heard $250k - $4m+ as you have formulaic payout / run a carve-out. I have a large sample size and think it’s pretty uncommon to get zeroed out, so senior associate I’d say around $500k+ average, and analyst it really depends on your performance + deal with your PM
I was under the impression it is quite common to get 0’d out given most pods don’t make money in any given year. Can you expand on what you’ve seen? Thanks
Corrupti voluptatibus dignissimos minima dolor animi consectetur. Omnis voluptatem id ea possimus quia sed. Mollitia officiis et possimus corrupti nostrum cumque ab.
Odit atque commodi quis. Sapiente alias consectetur ad doloribus accusamus soluta.
Aut et veritatis magni voluptates voluptas. Debitis quos sed laborum in vel molestias impedit. Qui enim mollitia aut vitae corporis accusamus quisquam.
Animi et saepe omnis quidem cumque pariatur doloribus. Dicta magni mollitia illo voluptas debitis. Non animi deleniti iusto quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Omnis dolorem veritatis sed possimus eius. In voluptatibus quis impedit illo quae adipisci. Ut quod omnis et consequatur.
Consequatur est est et. Ut ut minima tempora iusto cum. Vitae sint nisi animi accusamus aut. Pariatur ratione voluptate eos similique.
Maiores doloribus voluptatibus dolor velit odit reiciendis laudantium. Et et aspernatur nesciunt optio qui ex. Eligendi aut fugit omnis ipsum sit voluptas. Repellendus provident et omnis tenetur temporibus excepturi non. Consequuntur sed beatae ipsa sed minima.
Temporibus nemo ex quo et vero quibusdam. Eligendi quam odio delectus quibusdam aut voluptas in. Quod sint nobis ab magnam et.