Citadel CAP/Point72 Academy vs Top EB/BB
Refreshing this topic and currently deciding between top offers for banking vs. these training programs. Can anyone provide insight for which one is the best place to start a career.
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Sure.. BB, now pass that CAP offer to me. I’ll take it. Please understand that there are people, who even with qualifications don’t get an interview at HF shops let alone an offer. If you get it, take it.
Do you want to work at a hedge fund? Do you think you’ll want to leave finance at some point? These are the questions you should have answered in your post.
Citadel’s CAP program isn’t as strong as the academy, not sure I’d take that specific program over a top BB/EB
I have an offer from both CAP and the P72 academy. Is academy better despite Citadel's better performance/name? Yes, I want to work at a hedge fund, just not sure specifically a MM, since I'm interested in biotech.
P72 and citadel are basically the same. It’s about the pm ur under not the larger fund. Remember these are basically hedge funds that are comprised of smaller hfs, ur culture, wlb and comp depends on the smaller pod ur in, not the larger fund.
This is the case for an analyst with xp; if they had offers from both they’d vet the PMs and figure out which PM is better. Being under a top 20% pm at p72>>top 30% at citadel etc. for someone joining out of undergrad the quality of training is the essential bit. Point72 is still leagues ahead of anyone else. Citadel and mlp are underinvested in that sense.
If it's helpful, I had both offers last year too, and ended up going with Point72 for the higher compensation and career longevity
BB. MORE optionality
this is true, but not everyone needs optionality and there's a lot of advantages to starting out in the buyside
What are the specific advantages other than pay and decent work responsibility?
To be honest, the biggest perk is not having to do banking
Is this for out of college or lateral hires?
College
Hi OP, sitting on an offer at CAP too, was wondering if you could PM me about what your thought process looks like right now. Thanks!
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