The Ultra-Competitive World of Finance Internships
Citadel and Goldman Sachs slash internship acceptance rates to under 1% as the battle for top talent intensifies. Discover how firms are attracting and evaluating the next generation of finance leaders.
In today’s episode, Alice and Lewis dive into the fiercely competitive landscape of finance internships. Citadel and Citadel Securities, led by Ken Griffin, have extended offers to just 0.4% of applicants—setting a record low for the industry. With 20% more applicants than last year, the race for these elite internships is hotter than ever. We explore how firms like Citadel are expanding their presence on college campuses, launching innovative programs such as the trading invitational and macro central bank challenge, and using fast-track opportunities like Opus 4 to identify top talent early. The conversation also highlights how interns are evaluated through rigorous weekly check-ins and collaborative decision-making by senior leaders. As competition intensifies across Wall Street, we examine what this means for the future of finance and the students vying for these coveted roles.
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