Citadel Advisors Fund Manager Profile | Preqin (2024)

FAQs

How much do PMS at Citadel make? ›

Average Citadel Portfolio Manager yearly pay in the United States is approximately $236,000, which is 157% above the national average.

Real Time Net Worth

Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm that manages $59 billion in assets. Griffin founded Citadel in 1990 but first began trading from his Harvard dorm in 1987. He put a satellite dish on the roof to get real-time stock quotes.

eFinancialCareers on LinkedIn: Hedge fund Citadel and the 20 portfolio managers with a ~$600m bonus pot.

Fund management requires special skills, training and knowledge, which is only obtainable through an academic certification. The first step to becoming a fund manager is a finance course in investment services. Most students apply for an MBA in finance.

Citadel Salary FAQs

The highest-paying job at Citadel is a Managing Director with a salary of $731,300 per year (estimate).

The average Citadel salary ranges from approximately $75,536 per year for Operations Analyst to $245,076 per year for Senior Researcher. Average Citadel hourly pay ranges from approximately $28.08 per hour for Intern to $29.66 per hour for Recruiting Coordinator.

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

The money is a big draw as well: if you're at the right fund and you perform well, you can earn into the mid-six-figures, up to $1 million+, even as a junior-level employee. The top individual Portfolio Managers can earn hundreds of millions or billions each year.

Citadel LLC is one of the largest hedge funds based in the U.S., with approximately $92.46 billion in total assets under management as of Sept. 30, 2023. Citadel has generated roughly $74 billion in total gains since its inception in 1990, making it the most successful hedge fund of all time.

The acceptance rate at The Citadel is 98.6%.

In other words, of 100 students who apply, 99 are admitted. This means the school is a nearly open admissions school. They accept nearly all students, so for the most part, you just need to submit an application to get in.

What are the odds of getting a job at Citadel? ›

As we reiterate here often, getting a job at hedge fund Citadel or electronic market making firm Citadel Securities, is hard. Fewer than 1% of people who apply are successful.

The average annual base salary for a portfolio manager in the U.S., as of December 2023, was $128,350, according to Glassdoor.

Long hours, intense competition, divorce, stress, and even substance abuse – these are some of the issues that can typically affect portfolio managers. In the office, they face volatile global markets, increased regulation, and client demands; outside, they're expected to be reliable spouses and good parents.

Investment fund managers are enterprising and conventional

They also tend to be conventional, meaning that they are usually detail-oriented and organized, and like working in a structured environment. If you are one or both of these archetypes, you may be well suited to be an investment fund manager.

Skills with numbers and compiling data are essential in investment fund management work, so be sure to take as many math classes as possible.

The H1B visa data suggests that Citadel pays massive ($500k) salaries to its heads of trading. In June, a head of commodities was hired-in on a salary of $500k, while a head of quant trading was hired on $375k. Less senior quant researchers are paid anything from $145k to $220k.

Get feedback on your pay or offer

Create an anonymous post and get feedback on your pay from other professionals. The estimated total pay range for a Trader at Citadel is $252K–$433K per year, which includes base salary and additional pay.

How much money do Citadel Military College of South Carolina graduates make and which majors earn the most upon graduating? Six years after enrolling, alumni who are working have average earnings of $42,500 per year. After ten years, graduates earn $58,200 on average.

Average Citadel Quantitative Analyst yearly pay in the United States is approximately $173,752, which is 44% above the national average.