Citadel Securities is on track to pay its average employee $2m in 2025
How much can you earn at Citadel Securities, the electronic market making firm with a reputation for employing comparatively few people and generating enormous profits?
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Citadel Securities' results for the first half of 2025 suggest average pay at the firm is on track to be $2m this year.
Bloomberg reported yesterday that Citadel Securities set aside $1.81bn to pay people in the first six months of 2025. We understand that Citadel Securities employs circa 1,800 people, so that's just $1m for six months alone and - by implication - $2m for the full year.
Pay at the firm is rising. Last year, Citadel Securities paid circa 1,700 employees $1.55bn in the first six months, an average of $918k each.
Compensation per head at the firm therefore appears to have risen nearly 9%. This was matched by record revenues of $5.8bn and by record net income of $2.7bn.
Citadel Securities therefore has a profit margin of 47%. By comparison, Bank of America (which breaks out figures for its global markets business) had a profit margin of 28% in the first six months of this year.
Working for Citadel Securities globally appears more lucrative than working for Citadel Securities in London. The firm's London entity, Citadel Securities Europe Services Ltd, paid 170 employees an average of "just" $966k in 2023, the last year for which accounts are available.
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