I'm going to be very corny but hear me out. Every time I watch CNBC and it's 9:30 AM I always notice the Citadel traders in their coats yelling and working with their 4 screen monitors. It looks exciting and I honestly would LOVE to be on the trading floor even if I was paid terribly.
It would be awesome to work for a hedge fund so relevant. But to be realistic, what kind of people do these top funds recruit? I'm not a genius but I work really hard. I know I shouldn't get ahead of myself but would I need to get into IB first (which is already .01% in my situation) to stand a chance to work at Citadel Securities?
I am looking to transfer into UIUC so I can have a chance in the Chicago Prop Shops then maybe get into a good HF. Do I have to be a CS major (very hard to transfer to UIUC for this) or can I be Finance major for these type of positions?
"It looks exciting and I honestly would do that job for $9/hour." I literally stop reading there. Please, I mean please stay in college.
Honestly, I'd like to know what he's smoking. I could probably make more selling it than working in AM. Citadel is an AP and HFT firm. G, Look at what happened to Knight (Then KCG, recently Virtua) and you'll understand why people make what they do to avoid errors. Do you know how many YEARS you need to work at $9/hr to make up for a $400m loss?
Also, the point was I would love to work on the floor even if it paid terribly. It wasn't meant to take literally.
Hahaha, he edited it out.
PM Me.
Anything else folks?
It's a pretty good school. However, their CS department is very difficult to get into.
In any case UIUC, UW Seattle, UT Austin, UC Berkeley, Georgia Tech, UMich, and UW Madison all have excellent engineering and/or CS programs that are at parity with or better than the Ivy League in terms of both research productivity and placements.
For Citadel Securities (and top tier firms like Jump, Teza, etc) they are looking for a 3.5 GPA in CS to interview you, and then you have to NAIL the interview. For market making, know how the compiler for your language works, techniques for making stuff run faster, etc. The guy who gets the job in market making will be a bit of an expert coder already, perhaps just as much as the guy who gets hired into Google research.
Is Baruch or Clemson at least "decent" for CS? I'm not instate for the schools you listed and I know they have extremely stringent quotas on OOS transfers. Is the prop trading game still strong in Chicago? 95% of users here discourages a career in trading because it's died out completely. I don't know path I should take if I wanted to work at a top, market making hedge fund. I was thinking transfer into Clemson (graduate with 10-20k in debt) and try to get into a top MFE. I don't know how it all works tbh and it's easier said than done which I understand.
Thanks IlliniProgrammer
Props IP
UIUC CS is still strong...in IT giants. My best friend is in NVIDIA right now and a couple of his friends are in Salesforce/GOOGLE/FB. It seems that UIUC is an IT target school, they told me they had OCR for those companies, also Yahoo
Have friends that work at Citadel and second this. They recruit heavily from UIUC but only the very very best (CS majors). But in order to work at Citadel your quant/coding skills would have to be at Google/Facebook level. Alternatively if you're not the best coder, you're ridiculously good at math (think Putnam fellows, PhD at a top school, IMO gold etc).
I have a friend who got an internship there as a sophomore/junior for the quant side. He is a top notch candidate. Pursuing finance + CS at a top target and he has a 3.8+. He is extremely technically equipped and does well in interview settings as well. I would say that it is fairly difficult. He told me most people who also interned there were grad students and extremely technical. In any case it might be harder than BB IBD
I can see it being more difficult than IB. Thanks for the input as always. +1
*way harder than BB IBD
*way way harder than IB
heh I see
These people pretty much hit the nail on the hammer with the CS and quant side of Citadel.
Citadel Trader/QR is hard as hell. I have friends with SA offers at prop shops/BB S&T who got 50% on Citadel's online test or passed it and got crushed in the on-campus 1st round.
Yeah I really don't think I have a chance. Any input on what PT firms/BB S&T look for in a student?
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