New Grad: fundamentals at citadel securities vs. hedge fund

Hi all,

I'm currently debating between two offers and am looking for some advice. 

Fundamental Analyst at Citadel Securities: 

  • Comp: base of ~200, sign-on and bonus of ~50 ish
  • Location: NYC
  • Thoughts: I interned here over the summer and was lucky to receive a return offer. Although the hours and work were rough (had to go in on weekends sometime), the comp and location are both attractive. However, the fundies analysts are second-class to the traders, and I'm not sure how much growth exists in this space. 

Hedge Fund:

  • I recruited pretty lightly, and was able to secure a role at a small hedge fund.
  • Comp: ~300 first year
  • Location: Chicago
  • Thoughts: If this role were in New York, I'd take it in a heartbeat. The comp is higher and I think the work sounds more interesting. There's a lot more autonomy in this role and the firm is smaller, so you truly own the things you cover. They mainly focus on equities. WLB is likely better than Cit as well

My decision is due soon, since the offers are both exploding. I'm really unsure of what to do. 

Firstly, I think NYC is a really big pull for me. I loved my time in the city this summer and would love to go back. The only issue is I don't know how attractive the fundies analyst position is. I'm not sure what exits would look like at either place (fundies is super niche, and on the other hand, the hedge fund is super small so pretty unknown). If the hedge fund were in New York, I'd take it in a heartbeat, since I'm young and I think it's better for me to take risks on my career. Comp's not a huge differentiator here, I guess. Just the location and future opportunities that might come out of the two positions.

Really conflicted here. Awful of me to say but almost wish that I didn't land one of them so I didn't have to agonize over this. Which position would you guys take? What considerations would you make? Keep in mind I'm a 22 year old, about to graduate in May

Two roads diverged in a yellow road...

8 Comments
 

Citsec is far more stable of a place than a hedge fund bc MM has been doing incredibly well over the past couple years. It's 2 very different roles, as IMO prop shops are likely to be the future. I personally would pick citsec, but both roles will lead to good long term outcomes. 

 

Know this isn't related to your question, but can you give some vague details on the types of projects you had? Also the kinds of work people do FT there?

Seen some threads on fundamental analysts at market makers in general, but wondering if citsec is different

 
Most Helpful

I know this post is fake, because if you really did intern at Citadel and they liked you enough to make a return offer, then there is ***no freaking way*** another fund (who didn't get to observe you for a summer) would offer you more than Citadel (who did get to observe you and verify that you're worth it). Especially since you didn't name that other fund so it's presumably a 2nd or 3rd tier.

  If Citadel likes you, they will *NOT* be outbid. And especially not if the other offer is in a lower cost-of-living city (Chicago vs NY). Citadel does not lose candidates over money. I don't believe this is a real post, but if it, just show the other offer to your citadel recruiter and they will match the number immediately.

 

Id omnis voluptatem expedita accusamus enim delectus ab. Ad aut consectetur temporibus. Nostrum dolorem nemo labore impedit occaecati. Repellendus rerum architecto dolor unde ut. Ut expedita dolore sit.

Career Advancement Opportunities

June 2026 Hedge Fund

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

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • Millennium Partners 98.1%
  • D.E. Shaw 97.1%
  • Blackstone Group 96.1%
  • Citadel Investment Group 95.1%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.1%
  • Point72 98.1%
  • D.E. Shaw 97.2%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.3%

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 (240) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
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...”