How much do Citadel derivatives traders make?
The estimated total pay range for a Trader at
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $77,000 | $37 |
| 75th Percentile | $72,500 | $35 |
| Average | $64,999 | $31 |
| 25th Percentile | $57,500 | $28 |
Citadel Securities employees rate the overall compensation and benefits package 4.6/5 stars. The highest-paying job at Citadel Securities is a Quantitative Trader with a salary of $289,670 per year. The lowest-paying job at Citadel Securities is an Analyst with a salary of $136,605 per year.
The highest-paying job at Citadel is a Managing Director with a salary of $609,171 per year.
Job Description
As a markets and trading expert, you'll use predictive analytics and advanced technology to monitor risk, respond to market signals and execute trading strategies across Options, ETFs, Equities, Fixed Income, Commodities and Currencies.
Buffett's derivative trades are structured to limit potential losses. For instance, his equity put option contracts ensured upfront premiums with pay-outs contingent on highly unlikely market scenarios. By carefully assessing risk and unlikely outcomes, Buffett manages to generate returns on his derivative investments.
Derivatives trading is a complex subject, and it is essential to understand the underlying assets and the terms of the contract before investing in them.
Is it hard to get hired at Citadel Securities? Glassdoor users rated their interview experience at Citadel Securities as 52.2% positive with a difficulty rating score of 3.45 out of 5 (where 5 is the highest level of difficulty).
How much does Citadel in the United States pay? The average Citadel salary ranges from approximately $85,000 per year for Operations Associate to $236,000 per year for Portfolio Manager. Average Citadel hourly pay ranges from approximately $27.54 per hour for Recruiting Coordinator to $29.25 per hour for Intern.
The average Quantitative Trader base salary at Citadel is $168K per year. The average additional pay is $90K per year, which could include cash bonus, stock, commission, profit sharing or tips.
How is Citadel making so much money?
Trading: Citadel is primarily a trading firm, and its hedge funds engage in a wide range of trading strategies, including equities, fixed income, commodities, and currencies.
Citadel also generated revenue by moving beyond options trading and expanding into equities, foreign exchange, credit indexes, commodities, exchange-traded funds, and interest-rate swaps.
The estimated total pay range for a Junior Trader at Citadel is $171K–$316K per year, which includes base salary and additional pay. The average Junior Trader base salary at Citadel is $145K per year. The average additional pay is $83K per year, which could include cash bonus, stock, commission, profit sharing or tips.
$290K (Median Total Pay)
The average Quantitative Trader base salary at Citadel Securities is $166K per year. The average additional pay is $123K per year, which could include cash bonus, stock, commission, profit sharing or tips.
- BS/MS in mathematics, statistics, physics, computer science, economics or another quantitative field preferred.
- Passion for the financial markets and trading.
- Established capability for systematic problem solving.
The average Citadel Securities hourly pay ranges from approximately $70 per hour for an Intern to $132 per hour for a Quantitative Researcher. Citadel Securities employees rate the overall compensation and benefits package 4.6/5 stars.
The term is credited to the famous investor Warren Buffett, who has also called derivatives "financial weapons of mass destruction." A derivative is a financial contract whose value is tied to an underlying asset.
The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives markets, including futures, options, and swaps.
The National Stock Exchange (NSE) has emerged as the world's largest derivatives exchange in 2022 by the number of contracts traded based on statistics maintained by the Futures Industry Association (FIA), a derivatives trade body.
The four major types of derivative contracts are options, forwards, futures and swaps. Options: Options are derivative contracts that give the buyer a right to buy/sell the underlying asset at the specified price during a certain period of time.
Are derivatives riskier than stocks?
Because the value of derivatives comes from other assets, professional traders tend to buy and sell them to offset risk. For less experienced investors, however, derivatives can have the opposite effect, making their investment portfolios much riskier.
A career in derivatives can be quite lucrative. Salaries in derivatives will vary depending on the role, location, company, and educational background, but the average salary is $79,000 a year. Those who continue up the ladder in the derivative field will likely go on to make six figures.
“We are deeply honored to be consistently recognized as the Top Public University in the South by U.S. News & World Report,” said Sally Selden, Ph. D., SPHR, provost of The Citadel.
The Citadel has the following admission requirements to qualify for degree-seeking students in its College Transfer Program: High school graduate or GED. Students must have a minimum of 30 credit hours prior to enrollment. Students must have a minimum 2.0 GPA for admission.
The Citadel, The Military College of South Carolina has an acceptance rate of 99%. Half the applicants admitted to Citadel who submitted test scores have an SAT score between 1090 and 1270 or an ACT score of 23 and 27.
