2023 Summer Citadel Equities Associate Program Internship (Rolling Intake)

About Citadel Securities

Citadel Securities is a leading global market maker across a broad array of fixed-income and equity products. Citadel Securities has a unique set of capabilities and tools are designed to drive down the cost of transactions, helping to meet the liquidity needs of asset managers, banks, broker-dealers, hedge funds, government agencies, and public pension programs. It strive to provide the most efficient execution and the highest caliber of services, making markets more fair and accessible for all.

Your Role

As a participant in the summer program, you will experience first-hand long-short equities investing from the inside of one of the world’s most preeminent hedge funds. Participants will learn through three different avenues: instructor-led classroom training, rotations on investment teams, and a team-based summer-long stock pitch.

• Learn smart and efficient financial modeling techniques
• Gain exposure to innovative research tactics including identifying and mining external data sources 
• Apply analytical and research skills to executing an investment process 
• Experience best-in-class research technology and quantitative risk systems

Training, Development & Rotations 

Citadel Securities makes bold investments in extraordinary people. The company is committed to helping employees develop skills in order to succeed, hone their strengths, and contribute to the team. Employees will start with a year-long training curriculum taught by industry experts and senior leadership at Citadel Securities in addition to learning from seasoned teammates every day. Citadel Securities will teach about the different trading strategies and will help cultivate the market and business intuition.

Compensation & Benefits

The estimated salary range for this role at Citadel Securities is between $134,400 to $144,000 per year. Aside from that, the company also offers benefits.

• Dental Benefits.
• Flexible Spending Account (FSA)
• Health Insurance Benefits.
• Vision Benefits.
• Mental Health Benefits.

Career Progression

Citadel empowers and rewards team members who deliver results. Citadel creates opportunities by consistently making career and compensation decisions on the merits, recognizing that doing so attracts and retains the best and the brightest. Citadel passionately pursues new ideas, innovations, and new strategies that will strengthen its competitive advantage. A position at Citadel is an opportunity for lifelong learning. 

Work-Life Balance

The work vibe is generally fast-paced as it requires employees to adapt their strategies to an ever-changing market. While the fast-paced Citadel work may seem challenging, it soon becomes familiar and makes collaboration even more productive. 

Company Culture

Citadel Securities embraces bold ideas and seizes opportunities others don’t, from the way it operates to the strategies it deploys. With a bias for action, Citadel's work goes into the market quickly. That’s because when solving live problems, have to operate in real-time. The financial markets provide immediate feedback that propels the cycle of learning and the impact of Citadel. Its relentless focus on innovation raises the bar for what’s possible. That’s as true for the work in the markets as it is for your career. It’s a collective intellect, skill, and ambition that allows achieving far more together than ever could.

About You

• Strong organization skills to help create and maintain investment team infrastructure 
• Desire and ability to learn and apply efficient financial modeling techniques
• Strong communication skills, both written and verbal
• Ability to leverage incomplete and imperfect information into a well-formulated thesis 
• Skill in utilizing third-party data sets to support or refute pillars of an argument
• Interest in learning and applying new technology applications 

How to Apply

To apply for this position, simply click the “Apply on employer site” button on this page.

Source

• Youtube.com
• Glassdoor.com
• Citadelsecurities.com