Citadel's Hedge Fund Salaries in London: How Much Do They Earn?

Salaries at Citadel 's London operations can vary significantly, depending on several factors, including the specific role, individual performance, and the particular Citadel business entity.

As a UK-based company, Citadel is required to file regular financial reports, and the latest accounts reveal interesting insights into the compensation levels across its various UK subsidiaries.

The highest earners at Citadel in London are found at Citadel HF Management Europe LLP, which provides "investment management services" to a related Citadel entity. Excluding the $420 million paid to the highest-earning corporate member (e.g. companies), the other 23 individual partners at this entity received an average of $23 million each.

The second-highest paid people are at Citadel Management Europe II, which provides services in support of investment management activities. Here, the average wages and salaries alone were $1.5 million (￡1.1 million) per employee.

The next tier includes the quants and technology staff at Citadel Management Europe III, where the average pay last year was $769,000.

Even at the "lowest" paid entity, Citadel Enterprise Services Europe Ltd, which provides administrative support, the average pay was still $566,000.

It's worth noting that 2023 saw a significant increase in Citadel's London headcount, but pay levels declined across most entities, reflecting a drop in operating income from $2 billion in 2022 to $947 million in 2023, leading to a decrease in profits from $1.6 billion to $579 million.

The wide disparity in pay levels across Citadel's UK operations highlights the firm's tiered compensation structure, with the highest rewards reserved for the investment management and trading-focused roles.