Critical investing skills for aspiring investment professionals to become tomorrow’s portfolio managers.
The Citadel Associate Program teaches foundational equities investing skills to aspiring early career talent.
A curated curriculum that prioritizes practical application, direct mentorship from world-class investment professionals and on-the-desk rotations help our newest associates develop the judgment and technical foundations to perform at the highest level. This highly selective program is built around a small cohort each year so every participant benefits from high-touch learning, continual feedback and direct access to investment professionals across our equities business. The program is a pathway to associate opportunities on Citadel’s equities investing teams.
Rotations are available globally, with our New York City team serving as your lead instructors.
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Our summer internship is open to rising seniors for eleven weeks of hands-on training and direct exposure on investment teams.
You’ll start with a one-week offsite to foster relationships with peers and develop problem-solving and leadership skills.
Next, you’ll move into core training in modeling, financial analysis and investment communication as you prepare for rotations on investment desks.
In these early weeks, you’ll practice the fundamentals of pitching, receive direct feedback and begin building relationships with investment professionals who will help shape your investment approach.
Begin your first team rotation where you’ll conduct bespoke research, initiate coverage of companies, and develop investment views. You’ll work directly with investment professionals and gain exposure to a specific sub-sector to build your market expertise and experience day-to-day life on an investment desk.
After completing your first set of presentations, you’ll return to the classroom for more skills development and preparation for a second rotation.
A second rotation stretches you further, allowing you to apply what you’ve learned in a different investing context. By working across teams, sectors and market setups, you build pattern recognition, broaden your judgment and continue strengthening your core investing toolkit.
As you enter your last week, you’ll return to the classroom for final sessions and review. You also have opportunities to give back through community service and network with others.
If selected as a full-time associate, you’ll spend more than five months accelerating your development through a combination of classroom training and team rotation(s).
You will sharpen your financial analysis, investment diligence and communication skills through practice. You’ll pitch regularly, refine your process through continual feedback and deepen your understanding through exposure to similar company types and investment questions.
You’ll also work directly with different portfolio managers and investment teams, gaining the perspective and coaching needed to grow into an investor with a long-term future at Citadel.
We hire associates with long-term potential in mind.
The goal of the Citadel Associate Program is not simply to close technical gaps. It is to identify exceptional talent early and develop future portfolio managers for Citadel.
We look for people with the raw ingredients to become great investors: curiosity, judgment, ambition, resilience and a willingness to learn. We train with the expectation that our associates can grow into the investors who will one day lead our business.
Participants benefit from:
Insider
Citadel has a very meritocratic culture where the people who show they can take on responsibility get that responsibility. Even from day one, my team treated me like a full-time associate. I was doing real work and I was able to contribute things that we’ll be able to use going forward.
I was impressed with the CAP curriculum’s harmony between learning and doing, where our rotation projects allowed us to put what we studied during classroom lectures into practice and truly hone our skills on the job.
We look for candidates with the potential to become exceptional investors over time.
