The “heart of silicon valley”Īs one of the most prestigious universities in the world, Stanford University is located between San Francisco and San Jose, and resides in the “heart of Silicon Valley.” Summer Session students are surrounded by a culture of innovation and high-tech companies, such as Google. Within eight weeks, Summer Session students take on challenging academics for college credit, submerge themselves in the culture of the Bay Area and Silicon Valley, and make lifelong connections with peers from around the world.
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Wall Street firms pay top dollar to snag elite talent for their internship programs.Considered as the University’s fourth academic quarter, Stanford Summer Session invites visiting undergraduate and graduate students, along with current Stanford students, to experience a truly unique and transformative summer quarter. The hedge fund operation made about $28 billion in revenue, while Citadel Securities, one of the world’s biggest electronic-trading firms, brought in $7.5 billion. Citadel reportedly received more than 69,000 internship applications, but fewer than 0.5% were picked, according to Insider. The Post has sought comment from Citadel.Ĭitadel earned a record $16 billion profit in 2022. “All of it is geared towards simulating what life would be like for them if they were to join the firm,” Mitro told the news site. “The solutions that they design are tested by our teams with the same kind of rigor as the way we test our own employees, and very frequently those projects go into production.” “We give our interns really exceptional, difficult projects - ones that we would otherwise give to employees,” Matt Mitro, who heads campus recruiting at Citadel, told Insider. The internship kicks off with a retreat at a Four Seasons in South Florida. The interns are then sent to their base of operations, where they are mentored by a manager who guides them in what Insider calls “deep-dive quantitative trading simulations.”Īt the end of the 11-week program, a majority of interns are offered a full-time position with the company, according to Insider.
#Stanford summer session acceptance rate free#
Interns who are selected for the program are given free corporate housing in cities that include New York, Chicago, London, Miami, Hong Kong, Paris and Singapore.Įvery year, Griffin addresses the interns at the opening retreat in Florida.
#Stanford summer session acceptance rate for free#
Citadel Securities Interns are paid up to $5,000 a week and are housed for free in one of 10 global finance centers, including New York, Chicago, and Singapore. Citadel Securities Citadel, one of the world’s most profitable hedge funds, offers an intensely competitive internship program.
Citadel founder Ken Griffin, the hedge fund billionaire, is seen at a public appearance in South Florida. Online job postings from Wayback Machine indicated that investment and trading interns based in New York earn between $3,300 and $5,000 a week. The interns hail from graduate and undergraduate STEM programs at elite colleges and universities such as MIT, UC Berkeley, Harvard, Stanford, Princeton, and the University of Texas at Austin.Īccording to Insider, the 11-week internship kicked off on Monday with a retreat at the Four Seasons in Fort Lauderdale and Palm Beach.
Wall Street titans warn of crisis after SVB’s failure: ‘Canary in the coal mine’Ī summer internship at Citadel offers perks that include a salary of up to $5,000 a week, free corporate housing in one of 10 different world financial centers like New York and an opening retreat at a Four Seasons in South Florida, according to a report.īillionaire Ken Griffin’s hedge fund, which has some $58 billion in assets under management, picked a crop of 300 interns for their summer program this year out of a pool of more than 69,000 applicants, an acceptance rate of just 0.5%, Insider reported. Ken Griffin inks massive deal with Steven Roth, William Rudin to expand Citadel’s NYC footprintĬitadel boss Ken Griffin donates $25 million to Success Academy Miami’s cutthroat battle for private school seats as billionaires duke it out for coveted spots
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