Citadel Associate Program (Equities) – Summer Internship 2026 (US)

Our investment teams create portfolios of equity securities through collaboration with portfolio managers, analysts, associates and traders. Our Investment Associates (IAs) focus on a small number of stocks and learn everything they can about those companies. They build and maintain detailed financial models; work with data sources to build their insight into company fundamentals; and perform many other forms of primary and analytical research to help their team understand each company as thoroughly as possible.  

Successful summer internship participants will receive an offer for full time employment in our Citadel Associate Program. The Citadel Associate Program seeks to train and develop junior talent into successful investment professionals on Citadel’s platform.  

As a participant in our summer program, you will experience first-hand long-short equities investing from the inside of one of the world’s most preeminent hedge funds. Participants will learn through three different avenues: instructor led classroom training, rotations on investment teams, and a team-based stock pitch.

• The curriculum will focus on key Associate building blocks - basic financial modeling, dissecting a company’s future business prospects, and distinguishing between good and bad businesses, and attractive and unattractive investment opportunities, among other areas. It will also provide extensive exposure to Citadel’s best-in-class infrastructure, allowing participants to understand how the right technology investing applications and risk management systems help drive repeatable investing process and best in class performance.

• Investment team rotations will give our interns the chance to perform bespoke research projects while reporting directly to analysts and portfolio managers across different industry groups.  

• Learn smart and efficient financial modeling techniques

• Gain exposure to innovative research tactics including identifying and mining external data sources 

• Apply analytical and research skills to executing an investment process 

• Experience best-in-class research technology and quantitative risk systems

Accepting applications for 2027 graduates into our internship program for the Summer of 2026.