Citadel

Global hedge fund and alternatives manager

Equities Intern - Citadel Associate Program

Prop & Hedge Fund TradingConfirmed live in the last 24 hours

Internship · Summer 2028New York, NY, USA$62.50 - $75 /hrIn-person

About the Job

Requirements

Applicants must be undergraduate students graduating between December 2028 and May 2029.
Applicants should have intellectual curiosity and a strong interest in understanding businesses and investing.
Applicants should have strong analytical skills and be able to form reasoned conclusions from incomplete or imperfect information.
Applicants should be able to communicate clearly in writing and verbally, including explaining the reasoning behind a view.
Applicants should have a desire and ability to develop financial modeling skills and apply data and technology to research.
Applicants should demonstrate attention to detail, strong organizational skills, and ownership of their work.
Applicants should be open to feedback and willing to test assumptions and revise conclusions as new evidence emerges.

Responsibilities

Develop financial modeling techniques to analyze companies.
Conduct company and industry research through projects with investment teams.
Explore external data sources and use evidence to support or challenge an investment thesis.
Apply analytical and research skills to evaluate businesses and investment opportunities.
Gain exposure to technology and quantitative risk systems used in long/short equities investing.
Undertake bespoke research projects during industry-group rotations, working directly with investors across different sectors.
Develop skills to assess companies’ business models and evaluate investment opportunities through classroom instruction, direct mentorship, and investment-team rotations.

Job Description

Currently accepting applications for our 2028 internship from undergraduate students graduating between December 2028 and May 2029.

The Citadel Associate Program (CAP) internship is designed to develop exceptional early-career talent into investors on Citadel’s equities platform. Through classroom instruction, direct mentorship, and investment-team rotations, you will gain firsthand experience in long/short equities investing.

Working with portfolio managers, analysts, and educators, you will develop financial modeling and company research skills, learn to assess a company’s business model, and explore what makes a business and an investment opportunity attractive. During rotations across industry groups, you will undertake research projects with guidance from investment professionals. You will also gain exposure to the technology, external data sources, and quantitative risk systems that support Citadel’s investment process.

Investment team rotations will give interns the chance to perform bespoke research projects while working directly with investors across different sectors.

Your Objectives:

Develop financial modeling techniques to analyze companies
Conduct company and industry research through projects with investment teams.
Explore external data sources and use evidence to support or challenge an investment thesis.
Apply analytical and research skills to evaluate businesses and investment opportunities.
Gain exposure to technology and quantitative risk systems used in long/short equities investing.

For our privacy policy, go to https://www.citadel.com/privacy

In accordance with applicable law, the base salary range for this role is $2,500 to $3,000 per week.

Required Skills

Intellectual curiosity and a strong interest in understanding businesses and investing.
Strong analytical skills and the ability to form reasoned conclusions from incomplete or imperfect information.
Clear written and verbal communication, including the ability to explain the reasoning behind a view.
A desire and ability to develop financial modeling skills and apply data and technology to research.
Attention to detail, strong organizational skills, and ownership of your work.
Openness to feedback and a willingness to test assumptions and revise your conclusions as new evidence emerges.

About Citadel

Citadel is one of the world’s leading alternative investment managers. We manage capital on behalf of many of the world’s preeminent private, public and nonprofit institutions. We seek the highest and best use of investor capital in order to deliver market leading results and contribute to broader economic growth. For over 30 years, Citadel has cultivated a culture of learning and collaboration among some of the most talented and accomplished investment professionals, researchers and engineers in the world. Our colleagues are empowered to test their ideas and develop commercial solutions that accelerate their growth and drive real impact.

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About the Company

Citadel

Global hedge fund and alternatives manager

Citadel is an alternative investment manager and hedge fund that oversees capital for institutional clients like pension funds, endowments, and sovereign wealth funds. It uses a team of traders to invest in global financial markets, aiming to grow client assets through speculative opportunities and risk-taking. The firm earns money mainly through performance fees (a share of profits) and management fees (a share of assets under management). Citadel differentiates itself by its track record of profitability, large assets under management, and its focus on improving transparency and resiliency in markets such as the U.S. Treasury market, along with strong risk management and civic leadership. Its goal is to generate high returns for clients while helping maintain fair, efficient markets and expanding its client base and assets under management under leadership from Ken Griffin.

Company size: 5,001-10,000
Company stage: Private
Total funding: $15B
Headquarters: Miami, FL
Founded: 1990

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