How to get hired at top hedge funds like Citadel, Millennium, or Point72 (2024)

FAQs

How to get hired at top hedge funds like Citadel, Millennium, or Point72? ›

Analyst and investment training programs

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. But there are ways of increasing your chances.

People have reported that the interview at Point 72 is difficult. The interview process takes about a month. People have rated the overall interview experience as favorable.

40% of job seekers rate their interview experience at Millennium as positive. Candidates give an average difficulty score of 3 out of 5 (where 5 is the highest level of difficulty) for their job interview at Millennium.

The highest-paying job at Citadel is a Managing Director with a salary of $929,607 per year (estimate). The lowest-paying job at Citadel is a Front Desk Receptionist with a salary of $44,171 per year (estimate). Citadel employees attributed a compensation and benefits rating of 4.5/5 stars to their company.

Steve Cohen's Point72 runs an analyst training program with an acceptance rate of less than 1%.

To be a competitive candidate, we generally figure on looking for minimum test scores (SATs etc) at around the 93rd or 94th percentile and a college GPA of about 3.4 or better.

The average Point 72 salary ranges from approximately $62,000 per year for Social Media Strategist to $263,000 per year for Program Associate. Salary information comes from 124 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.

The average Vice President base salary at Point72 is $185K per year. The average additional pay is $43K per year, which could include cash bonus, stock, commission, profit sharing or tips.

How to land a job at Citadel? ›

A record of academic achievement will clearly help, but on its own it may not be enough. Mitro said Citadel and Citadel Securities' hires include NASA researchers and people who've won math competitions. The firm is unapologetically selective, and if you get a job there, the culture is unashamedly meritocratic.

In 2019 London-based investment firm LCH Investment ranked Millennium Management 12th on their ranking of most successful hedge funds of all time reporting that since its founding in 1989 the firm had made $22.4 billion for its investors, an average of 14% annually since inception.

1. Wood patternmaker. What they do: Being a wood patternmaker is the rarest job in the world. Wood patternmakers create wooden molds that are used by metalworkers to cast molten metal.

Candidates (Who Gets In): Private equity overwhelmingly attracts former investment bankers, along with some consultants and Big 4 and corporate development professionals; hedge funds attract a more varied crowd, including investment bankers, equity research professionals, buy-side analysts at other firms, and sales & ...

Hedge funds employ some of the best-paid business professionals anywhere, but landing your first job in the industry is no cakewalk. Building a hedge fund career takes determination, networking stamina, and a fierce competitive streak. Here are some steps to help get you to that interview and then land that job.

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.

Founded in 1990 by Ken Griffin, it has more than $58 billion in assets under management as of January 2024. The company has over 2,800 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm.

That comes after Citadel had approximately 69,000 applications in 2023 with an acceptance rate of approximately 0.5%. The firm had more than 300 interns last year across divisions. The 11-week program which starts with offsite visits in Florida, paid interns a median wage of $120 an hour last year.

1 answer. 3 weeks. At least 4 interview with various levels of group.

The Admissions Committee continuously evaluate admissions portfolios, with decisions (acceptances and denials) made on a rolling admission basis. Admissions decisions are usually made within ten-to-fifteen days after the completion of an applicant's portfolio.