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?

199 WSO Academy Hedge Fund Session Reviews: 4.77/5

Class of '29 Sep 2026 Cohort

5.00/5

Hedge Fund LinkedIn Review

“My meeting with Kevin Lee was super helpful and went well beyond what I originally expected. We met to discuss my LinkedIn profile, but the conversation also covered the hedge fund space and how I’m thinking about my career as a whole. I really appreciated being able to talk about both how I present myself professionally and the broader direction I want to take. As someone interested in hedge funds but also exploring other paths in finance, it was helpful to have a conversation that connected my profile to my actual interests and goals. Kevin gave me a lot to think about, and I left feeling clearer about my next steps. Overall, I really appreciated his time and willingness to go beyond the original purpose of our meeting.”

Class of '26 Sep 2026 Cohort

4.56/5

Hedge Fund Mock Interview

“He was very responsive and prepared for the meeting. He actually read the JD, resume, and looked up linkedin which sometimes other mentors doesn't actually go over those to prepare things beforehand. I appreciate his direct comments I think it saved time and actually helped me to know exactly where to improve. I also appreciated him admitting if he doesn't know about specific HF strategy. Only thing I'd suggest for him is probably sending actionable key takeaways after the meeting because other mentors did and that was very helpful. ”

See All 11,741 WSO Academy Reviews

2 Comments

WSO Monkey Bot

O

2y

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

Reply

Quote

Report

Other

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

HF

Trader in HF - Other

2y

Modi molestiae et laboriosam alias ut commodi. Harum asperiores adipisci tenetur assumenda. At cumque necessitatibus rerum voluptate in quod doloribus illo.

Reply

Quote

Report

Other

Authored by: Certified Hedge Fund Professional - Investment ManagerCertified Hedge Fund Pro

+20	Future of L/S	5	2d
+17	Latest blow up / wind down	25	2d
+12	Looking for Fund to Partner With - LMM Activist	3	4d
+11	James Fishback	6	4h
+10	SM L/S Compensation?	2	16h
+9	MMHF Central Execution Trajectory/Advice	1	23h
+9	Moving from credit to equity?	3	4d
+6	How to prep for credit HF?	4	19h
+3	PE to L/S Equities	5	9m
+3	Chefs at Pod Shops	2	2d

1	redever	99.2
2	BankonBanking	99.0
3	Secyh62	99.0
4	kanon	99.0
5	dosk17	98.9
6	GameTheory	98.9
7	CompBanker	98.9
8	DrApeman	98.9
9	Betsy Massar	98.9
10	Jamoldo	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Standard terms for equity PMs at C

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Standard terms for equity PMs at C

See All Comments - 100% Free

Trending Content - Hedge Fund Forum