Exploration of the challenges in securing internships and jobs at top-tier hedge funds like Citadel, showcasing the high demand and allure of the industry. The chapter reveals the significant competition for intern positions with low acceptance rates and high monthly pay at firms like Citadel.
As the $4.3 trillion hedge fund industry has boomed and competition for talent has intensified, firms are turning to a new strategy to get ahead: in-house boot camps. The goal is to mold promising new hires into future superstar traders.
Today on the show, Bloomberg’s Nishant Kumar joins host Sarah Holder to discuss what goes on inside these training programs — and what their rise means for the future of the industry.
Read more: Hedge Fund Talent Schools Are Looking for the Perfect Trader
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