Citadel vs Google offer advice
I got an offer from Citadel FTAP and Google (for Software Developer position)
Citadel's base salary is much higher than google and the live expense in Chicago is much less than Bay Area so Citadel really attracts me. But Citadel seems to have very competitive environment and I'm a little bit worried. My thoughts:
1. Work-life balance will be much better in Google.
2. Software developers are cost-center in hedge funds. After 5 to 10 years, is it possible that my salary is upper bounded if I work in Citadel.
3. I'm not sure how much bonus I can get in the hedge fund. Is it possible to get a big bonus?
4. Is it possible to transit to Quant role after working as a software engineer for several years.
5. Is it possible to go to other companies if I don't fit in the culture? How reputable is their software engineer jobs?
Overall I'm looking for a very challenging and lucrative job that can maximize my profit. Thanks!
IlliniProgrammer will be able to speak intelligently about this.
Citadel is the Amazon of quant funds. Your bonus can potentially equal your salary. You should be able to transition to a quant role fairly easily but not at Citadel. I hear most people leave FTAP after their two years are up.
It's not just one role at citadel. I hear nearly everyone leaves after 2 years. Well known-revolving door to put on your resume. Seems to work ok for them. I think they literally fire desks heads every 2-4 years just because that is what they do.
I would say you're pretty set either way. Contingent on clearer answers as to your comp potential at Citadel, I'd probably lean Google b/c of the front-office/ back-office difference.
Thanks for the detailed answers!
Sense confusion. You're worried about competition but you want a very challenging environment.
By the sounds of your post, money is driving your decision making and in the end you'll hate it very quickly. Pick what you prefer to do, be confident that the money will come regardless. All else fails, you try 1 & it sux and you call your recruiter and see if you can lateral.
Oh I should make it clear. I do want to have a challenging job. What I'm worried about I what I read on Glassdoor, their culture does not sound very good.
And thanks for your advice. I feel that the job in hedgefund may be interesting, but I'm not so sure about this. On the other hand, I'm pretty sure that I will be interested in Google's job.
Have a friend who worked at Jane Street in software eng and quit to work at Google. Much happier now and doing things that seem to have more of an impact.
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