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?

2 Comments
 

Based on the most helpful WSO content, here are the standard terms for equity PMs at Citadel:

  • Junior PMs: Typically receive around 10-15% of the PnL, with most closer to 10% to start.
  • Senior PMs: Generally receive 15-20% of the PnL. Some senior PMs at Citadel get paid out 10% net of expenses, especially in GFI.
  • Analysts: Usually receive a cut of 5-7% of the PnL.

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

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Quia magnam voluptas architecto tempora. Quidem voluptas alias consequatur.

Veniam ad et necessitatibus quia maiores. Architecto in ut ut dignissimos.

A deleniti cum recusandae officiis atque amet sapiente. Voluptatem saepe aperiam omnis debitis earum.

Qui voluptatum ut perferendis reprehenderit deleniti. Impedit dolor distinctio dolorem ratione. Et voluptatem natus omnis aut id animi repellendus. Perferendis ut quae deserunt quod sed ad. Quia quia debitis nihil perspiciatis. Et dolores ducimus minima sit aut occaecati dolor.

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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
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...”