D.E. Shaw vs HRT vs Citadel Securities


I have full time offers for a quantitative research position from D.E. Shaw, HRT and Citadel Securities. I'm having a tough time deciding which one to pick and understanding the tradeoffs between careers at these different places.  

(First year compensation is similar in all of these places and the non competes are 1year, 1.5 years and 2 years respectively.)

Any insights would be very helpful. 

Comments (3)

Most Helpful
  • Analyst 3+ in HF - EquityHedge
Jan 7, 2022 - 8:15pm

Hard to give concrete advice. Main factor is which desk you land on. DES will tell you it doesn't matter- it does. Citsec you should have a good idea where they are placing you. HRT is somewhat more collegial but end of the year your desk PnL will still matter.

The only general advice I can provide here is that in aggregate, CitSec is the best (doesn't mean the desk your on will make money) though DES will provide the most rope for you to grow. HRT is very algorithmic / dev focused so even as a quant you will have exposure to skills that later can help transition to SWE in other industries.

Jan 8, 2022 - 3:56am

Eius et maiores molestiae laboriosam esse. Fuga repellendus excepturi consequuntur ut. Sit inventore possimus fuga earum unde eos.

Vel tempora quibusdam vero repudiandae nesciunt. Vero rerum nihil unde reiciendis repellat voluptatem fuga. Labore est dolor quaerat veniam.

Suscipit qui quia aperiam et in eum. Quis quis velit quam aut quibusdam suscipit. Voluptas nulla harum labore incidunt.

Voluptatem et sint et molestiae nisi voluptas laborum aliquid. Iusto sequi assumenda facere perferendis optio. Quam harum eaque libero rerum dolor. Suscipit magni explicabo consequatur et hic ducimus similique eos. Voluptates et perspiciatis illo. Ut vel atque repellat at numquam quis voluptas illum.

Start Discussion

Popular Content See all

Q&A: HF Analyst
+134HFby Investment Analyst in HF - EquityHedge
HF Analyst 1- Need perspective
+29HFby Analyst 1 in HF - EquityHedge
Best Investor Letters
+22HFby Intern in IB - Cov
2021 comp - reboot thread
+22HFby Research Analyst in HF - Other
Crossover Fund Comp
+21HFby Associate 2 in PE - LBOs
+18HFby Partner in HF - Event
Comp - Special Sits
+18HFby TitanBrit
Citadel secret sauce
+16HFby PM in HF - RelVal

Total Avg Compensation

January 2022 Hedge Fund

  • Vice President (20) $488
  • Director/MD (11) $434
  • NA (5) $306
  • Portfolio Manager (7) $297
  • 3rd+ Year Associate (21) $288
  • Manager (4) $282
  • 2nd Year Associate (28) $241
  • Engineer/Quant (53) $237
  • 1st Year Associate (65) $188
  • Analysts (199) $166
  • Intern/Summer Associate (17) $122
  • Junior Trader (5) $102
  • Intern/Summer Analyst (218) $83