Job Description
Our investment teams create portfolios of equity securities through collaboration with portfolio managers, analysts, associates and traders. Our Investment Associates (IAs) focus on a small number of stocks and learn everything they can about those companies. They build and maintain detailed financial models; work with data sources to build their insight into company fundamentals; and perform many other forms of primary and analytical research to help their team understand each company as thoroughly as possible.
This opportunity is a full-time role within the Citadel Associate Program. The Citadel Associate Program seeks to train and develop junior talent into successful investment professionals on Citadel's platform.
As a participant in our 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 instructor led classroom training and rotations on investment teams.
• The curriculum will focus on key Associate building blocks - basic financial modeling, dissecting a company's future business prospects, and distinguishing between good and bad businesses and attractive and unattractive investment opportunities, among other areas. It will also provide extensive exposure to Citadel's best-in-class infrastructure, allowing participants to understand how the right technology investing applications and risk management systems help drive repeatable investing process and best in class performance.
• An Investment team rotation will offer the chance to perform bespoke research projects while reporting directly to analysts and portfolio managers across different industry groups.
Your Objectives:
• Apply analytical and research skills to executing an investment process
• Learn smart and efficient financial modeling techniques
• Gain exposure to innovative research tactics including identifying and mining external data sources
• Experience best-in-class research technology and quantitative risk systems
Accepting applications from 2025 undergraduates into our program, which starts in late Summer of 2025.
In accordance with New York City's Pay Transparency Law, the base salary range for this role is $115,000 to $125,000. Base salary does not include other forms of compensation or benefits.
Required Skills
• 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
About Citadel
Citadel is one of the world's leading alternative investment managers. We manage capital on behalf of many of the world's preeminent private, public and nonprofit institutions. We seek the highest and best use of investor capital in order to deliver market leading results and contribute to broader economic growth. For over 30 years, Citadel has cultivated a culture of learning and collaboration among some of the most talented and accomplished investment professionals, researchers and engineers in the world. Our colleagues are empowered to test their ideas and develop commercial solutions that accelerate their growth and drive real impact.
What We Do
Together, we've turn ambition into action. For more than three decades, Citadel has captured undiscovered market opportunities in markets around the world by empowering extraordinary people to pursue their best and boldest ideas. We strive to identify the highest and best uses of capital to generate superior long-term returns for the world’s preeminent public and private institutions.
Why Work With Us
Brilliant and driven people flourish at our firm. They follow their passions and share their skills to help everyone learn and grow.
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