Millennium Equities Junior Research Analyst Program
The last thread about info about Millennium is a bit outdated and not much info about the quality of their analyst program. Was wondering if there were any updates on how well the analysts fare.
For those that may be unaware, Millennium has a structured analyst program where you spend the first year in UBS's ER division and rotate through industries learning from senior ER analysts, while also getting exposure to the trading desks. After the first year, you are put under a PM at Millennium and start your career.
How does this stack up to P72 or Citadel?
I did not join Millennium's program, but I interviewed at Citadel, P72, and Millennium for their FT programs this year. P72 started with the case, only those who did well got a first-round with HR. Citadel flipped the order, HR screened before the case. At both of them HR were pretty smart people, they came from finance backgrounds and were able to ask good questions and dig into your thought processes.
At Millennium though they had an extremely typical HR interview, you know the usual bullshit, followed by a 30 minute block where they only asked two extremely easy IB technicals ($10 depreciation level) and you're somehow supposed to fill the rest of the time talking to someone that isn't on the investment side. It all felt so half-assed and they clearly made no effort to try and select people interested in/good at investing, so based on this experience alone I would rank them far behind P72 and Citadel in the quality of their program.