Lehman Capital Markets SA vs. Citadel Trading Intern
I got a SA offer from Lehman Brothers Capital Markets a week ago today, and it expires next wednesday (Feb. 27). Yesterday I found out that I got a final round interview for Citadel's Trading Intern summer job. The problem is that the final round can't take place until Monday at the earliest, and most likely later. This leaves me very close to or after the expiration for the Lehman offer.
What should I do here? Both are obviously great companies and great opportunities, and I would love to be able to weigh each offer (assuming of course that I get an offer from Citadel). Can I get more time from Lehman, or is that a no-no? I am kind of leaning towards just accepting the Lehman offer, and thanking Citadel for the opportunity but declining.
I have e-mailed the Citadel HR person to let her know that I have this exploding Lehman offer.
Thanks.
Take Lehman, unless Citadel is prop. You will learn more and have more range for exit opportunities.
Considering you don't have the Citadel offer yet (and Citadel final rounds are quite difficult, believe me), I would say take the Lehman offer now simply because you have it. After all, you can always go through the Citadel interview and renege on Lehman should you get the Citadel offer. And yes, if you had both the Citadel and Lehman offers, I would definitely say take Citadel. If Lehman Capital Markets is what I think it is (i.e., Debt Capital Markets/Equity Capital Markets) and not S&T, the choice is trivial.
"Take Lehman, unless Citadel is prop"
What is that supposed to mean? If you are trading at a hedge fund like Citadel, you are by definition prop trading.
Citadel is much better, even if you were doing trading at Lehman. Still, Citadel final rounds are very difficult and by probability you are unlikely to receive an offer there.
Well said. I'll clarify, execution services.
Lehman Capital Markets is S&T.
Why is Citadel that much better than Lehman S&T though?
And this is a prop. trading intern at Citadel. Not sure what a non-prop trading intern would be...
Ok, I will agree that execution only would be shitty. But very few traders at Citadel are execution only.
Citadel is better because it is more selective and pays more, with greater potential upside if you are good. That said, it is known to be extremely cut-throat.
tell Citadel that they need to hurry up. if they can't do that then go ahead take the lehman one
Citadel is known to slash a large percentage of their hires every year to keep growth opportunities high. this is good if you are going to bust your balls and are smart to match. otherwise, take lehman.
Agreed.
don't know if this still helps, but i went through a Citadel trading final round - didnt get an offer - and can tell you that they're very accommodating about other exploding offers. also, the final round was not as dreadful as people on this forum would have you believe... i got dinged because i didn't have the math background and you do need SOME, but its not as bad as some of the other hfs.
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