Citadel — Investment Analyst Summer Internship

Summer Internship · Hedge Fund

Status

Closed

Location

New York, NY

Level

Internship

Deadline

15 June 2026

Status checked against the firm's careers feed — last synced 9 October 2026.

Key details

Application deadline: 15 June 2026
Cover letter: Not required
Visa sponsorship: Listed as available for this programme. Eligibility is normally set per vacancy and per location, so confirm the wording on the listing.
Process: OA→Modelling→Pitch→Onsite
Stock pitch and modelling test heavy.

How to prepare for this one

Internship processes at this level test technical fundamentals, structured communication and firm-specific motivation.

Lev sits on a three-legged stool whose legs are marked technicals, structure and why this firm. The last leg is short, leaving a gap marked the gap, and the stool is tipping. — Three legs are tested. The strongest two do not hold up the stool on their own.

Practise it, don't just read it

Free, no sign-up, and short enough to finish before you submit.

Depreciation Waterfall10 minThe schedule a real model uses: one layer per capex vintage, each depreciating over its own useful life, with the charge as the column total. Switch the life, switch to an accelerated method, or type over a capex year and watch the stack move.Biotech Readout12 minValue a biotech before its lead trial reads out: the probability of reaching the market, the programme’s rNPV, the shares on success and on failure, and the odds the price implies.

Build the model this seat is tested on

A working Excel model with live formulas. Work with it online free: change the inputs and watch it recalculate. A free account also takes the starter workbook to build yourself.

Discounted cash flow model40 minUnlevered free cash flow to a share price Comparable companies model35 minCalendarised, LTM, trading and transaction multiples

Browse all 19 models

Walk in with something

Each of these produces a piece of work an interviewer at Citadel can ask you about. Free to run as a preview; Pro runs the full version on the stronger engine.

Stock Pitch BuilderFreePitch architecture: thesis, variant view, valuation, catalysts, risksAbout 45 min of your time Earnings TeardownFreeOne-page earnings delta memo + questions listAbout 25 min of your time Filing DiffFreeMaterial-changes memo with source citationsAbout 20 min of your time

Also open in Hedge Fund

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Before you send it

Citadel screens on the document, not the intention. Suro reads your CV the way the screener will and writes back in the margin: structure, whether the bullets carry evidence, and whether it survives the parser. Back within 48 hours.

CV review, $25

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