Citadel FAQ

All answers shown come directly from Citadel Reviews and are not edited or altered.

27 English questions out of 27

19 November 2019

What is health insurance like at Citadel?

Pros

Great contract / consultant company.

Cons

No Pay raise at all. Health Insurance is too expensive.

Advice to Management

Get a real HR to provide better benefits for employer

19 November 2019

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21 August 2020

Does Citadel offer parental leave?

Pros

Smart, caring people who will push your thinking and demand the best. Workers are well-compensated for their contributions. Ability to work on challenging problems and to support investment professionals and theses that have significant impact on company performance. Reasonable and sustainable work-life balance.

Cons

Facilities and perks are lacking compared to big tech - but on par with other financial firms. Better family leave policies and more vacation time could be beneficial

21 August 2020

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1 November 2018

How are the career development opportunities at Citadel?

Pros

Free breakfast, lunch, snacks, soda. Some smart colleagues.

Cons

No career growth unless you luck out being taken under the wing of a manager who is currently doing well with the CEO. No lateral movement either. Most projects are about fighting fires. Long-term proactive projects do not get the time of day. Everything is siloed with sharing of knowledge on a need to know basis. Some managers play favouritism and so it can get political.

Advice to Management

Push for internal career advancement rather than hiring outside managers most of the time. If you prioritize better long-term projects, you won't be fighting fires all the time.

1 November 2018

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7 February 2019

What kind of career opportunities exist at Citadel?

Pros

Plenty of opportunities to grow.

Cons

Difficult to manage work/life balance.

Advice to Management

Fix technology decision making process.

7 February 2019

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29 September 2019

Does Citadel have any sort of mentoring programme?

Pros

* Citadel is a true meritocracy with a strong culture of ownership and "getting stuff done". * There is a lot of autonomy given to developers. You are encouraged to diversify your skillset by constantly learning on and off the job. On different projects, I have not only been the software developer but also a product manager, quant researcher or product evangelist based on what aspect of the project interested me. Talented peers from different backgrounds are always willing to help you learn new skills. * As someone who joined through the new grad program, a lot of support and guidance was provided in terms of classes, tech talks, speaker series, and various mentorship programs. The rotational program also allows you to find a team that is a perfect fit for you. * Titles mean very little at Citadel and the organization structure is very flat. Junior people who show promise are encouraged to take on more responsibility and are pulled into mission-critical projects. * Portfolio Managers, traders, and analysts appreciate the importance of technology and quant research and are constantly trying to incorporate it into their investment process. Citadel is especially rewarding for those engineers who are willing to put the effort to understand financial markets. Software developers are constantly reminded that they are there to solve problems and not just write code.

Cons

* Citadel demands 100% from its teams and individual members every year. This leads to a cycle of a multiyear period of stability (4-5 years) followed by a short period of turnover (6-8 months). This cycle has it's obvious cons but for ambitious team members, the period of turnover actually creates a lot of opportunities. * Software developers are encouraged to understand and solve problems. Sometimes these problems are ambiguous and the specs provided are loose. If you are scared by ambiguity, then this may not be the best place for you. 60-40% split of long term vs short term projects. Engineers, especially in the front office, may be required to context switch based on market conditions. * Citadel is a big consumer of open source projects but doesn't have a strong culture of contributing back to them.

29 September 2019

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27 English questions out of 27