Per Bloomberg
Citadel interns earn a minimum wage of $120 hourly after a 25% increase
7/11/2023
Citadel is paying its interns $120 hourly after it bumped its minimum wage by 25%. This results in interns being paid $19,200 a month for 40-hour work weeks.
This comes as the finance industry is trying to attract younger talent while the tech laytoffs increase. Levels.fyi found that the top 16 firms in finance increased their median intern pay by 19%.
The report highlighted how some of the hedge funds paid a 29% higher year-over-year rate at $111. The company noted that this would equate to $4,400 before taxes for a regular 40-hour work week.
Matt Mitro, head of campus recruiting, gave a student regarding what they've seen.
Mitro: “As students have become more informed about career choices in general – and the unique opportunities our internships provide for learning, growth, and impact – they have determined that Citadel and Citadel Securities are the best places to start a career at the intersection of tech and finance,”
In May, it was reported that Bernie Sanders introduced a bill that would result in a $17 federally mandated minimum wage.
In November, NYC proposed a $23.82 minimum pay rate target by 2025 for app-based food workers. This includes people working for the likes of DoorDash and Uber Eats.
See flow at unusualwhales.com/flow.
Other News:
- Bernie Sanders has introduced a bill for a federally mandated $17 an hour minimum wage
- NYC Proposes $23.82 Minimum Pay Rate Target by 2025 for App-Based Food Workers
Resources:
Trump has told Walmart, $WMT, to 'eat the tariffs' instead of raising prices
5/17/2025 11:59 PMMoody’s downgrades US credit rating to Aa1 from Aaa
5/17/2025 4:55 AMYouTube, GOOGL, viewers will start seeing ads after ‘peak’ moments in videos
5/16/2025 7:55 PMCEOs say that just a fraction of AI initiatives are actually delivering the return on investment they expected
5/16/2025 7:51 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.