MM Internship Pitches

Have two final rounds with P72 and Citadel next week for their undergrad internship programs. I'm not very proud of the short that I have been working on, and I really don't see its thesis playing out. Do y'all think I could get away pitching 2 longs or would my interviewers ask explicitly for a short?

11 Comments
 
Most Helpful

There’s no set structure, will depend on what they feel like asking. You’ll talk about businesses and stocks, sometimes you can be asked for a short specifically if they want…other times they might not bring up stocks just businesses.

For example, I did the P72 academy and when I interviewed for the summer, I didn’t get asked much about stocks at all, but instead about businesses and what I thought about them.

if the coach/pm wants to ask you for the “worst business you know” or a good business you think is a bad stock (short), then that’s fair too.

 

Chiming in to see if anybody has any insights on the Citadel CAP process? Having 1st round soon but no clue what is it even going to be about even after research, so slightly lost on what to prepare. (US specific)

I can share more on P72's one (Non-US) in exchange if anybody is keen too. Went through the process last year, and am in the loop for what's going on this year.

 

Consequatur et cumque et minus aut laboriosam. Dolores consequatur et occaecati voluptate cum quae laboriosam.

Iusto aliquid id qui. Accusamus ut reprehenderit est repellat nihil. Expedita itaque aperiam enim est voluptate laborum aut ipsum.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (242) $181
  • Intern/Summer Associate (28) $146
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”