What does it take to work at Citadel Securities?

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?

 
G Thang:
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 like the persistent advice/trolling/whatever of IlliniProgrammer has a pretty broad influence at this point. UIUC baby!!!!
 
Best Response
DickFuld:

It looks like the persistent advice/trolling/whatever of @IlliniProgrammer has a pretty broad influence at this point. UIUC baby!!!!

Honestly it hasn't. UIUC was a top 5 CS program that got better placements into west coast tech than Yale and many other Ivies (perhaps not all) 10 years ago. The same is true today. The only difference is that ten years ago Yale didn't care about what a bunch of geeks were up to, but now that tech is cool, they do. But the land-grant state schools are the originals. If Yale wants to copy our success, which depends on synergies of scale, they will need to admit two or three times as many students next year, hire several hundred more professors, and eliminate their quotas on Asian undergrads-- basically admit anyone with a 3.5 high school GPA who did especially well in math and physics. Yale doesn't get it and this will never happen.

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.

 

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

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