Standard terms for equity PMs at C
Anyone know what the latest standard terms are for equity PMs at Citadel (i.e. not super senior hires), is it still 18-19% with no kickers as the typical slope or has it changed in recent years?
Anyone know what the latest standard terms are for equity PMs at Citadel (i.e. not super senior hires), is it still 18-19% with no kickers as the typical slope or has it changed in recent years?
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Based on the most helpful WSO content, here are the standard terms for equity PMs at Citadel:
Additional details: - Bonus Vesting: Bonuses over $750k are often paid out as a mix of cash and investment in the fund, which vests over 3 years. - Team Payouts: Some arrangements include a 10% total team payout plus 50% of any payout related to individual performance or sub-strategy.
These terms can vary based on the specific role, experience, and performance of the PM or analyst.
Sources: Citadel Equities analyst terms, Citadel Global Equities (pay, culture, career path, lifestyle), , Q&A: Equity Analyst & Trader (VP level) at $12+ bn Hedge Fund
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