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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