Citadel hire stem PhD to be quant researcher. Why not finance phd? How can they understand stock fundemantals?
Why Citadel does not hire finance phd?
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Which Citadel? Citadel Uni (South Carolina) yes they hired Finance PhD
Citadel Firm - industry - prefer people with STEM background (Master Degree). Not only Citadel - many industry bros prefer this. So Master of Computational Finance like in CMU is better choice. See, for example, their impressive placement (including Citadel)
https://www.cmu.edu/mscf/careers/employment-statistics.html#yearly -
Op clearly has no idea what Citadel does. They are not an investing firm, they are a market maker which makes money through manipulating the marking using algorithms.
and frontrunning rh cucs
Actually Citadel is a hedge fund. Citadel Securities is the market maker business. It does both.
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Uh, of course they do. The fact that you seldom see finance PhDs in the industry while you see a bunch of STEM PhDs is simply because there a way fewer finance PhDs comparing to STEM PhDs. Stanford intakes 2-3 finance PhD students while they intake 100-150 EE PhD students each year. A finance PhD is way more precious and prestigious than STEM PhDs.
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Agree. What's the point of doing fin phd if one go to industry? The best option is drop out with free master while taking cs, quant fin & ap, stat courses
Uh, of course they do. The fact that you seldom see finance PhDs in the industry while you see a bunch of STEM PhDs is simply because there a way fewer finance PhDs comparing to STEM PhDs. Stanford intakes 2-3 finance PhD students while they intake 100-150 EE PhD students each year. A finance PhD is way more precious and prestigious than STEM PhDs.
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This.
Uh, of course they do. The fact that you seldom see finance PhDs in the industry while you see a bunch of STEM PhDs is simply because there a way fewer finance PhDs comparing to STEM PhDs. Stanford intakes 2-3 finance PhD students while they intake 100-150 EE PhD students each year. A finance PhD is way more precious and prestigious than STEM PhDs.