Werbung
Deutsche Märkte geschlossen
  • DAX

    18.492,49
    +15,40 (+0,08%)
     
  • Euro Stoxx 50

    5.083,42
    +1,68 (+0,03%)
     
  • Dow Jones 30

    39.807,37
    +47,29 (+0,12%)
     
  • Gold

    2.254,80
    +16,40 (+0,73%)
     
  • EUR/USD

    1,0785
    -0,0008 (-0,08%)
     
  • Bitcoin EUR

    65.661,42
    +1.189,04 (+1,84%)
     
  • CMC Crypto 200

    885,54
    0,00 (0,00%)
     
  • Öl (Brent)

    83,11
    -0,06 (-0,07%)
     
  • MDAX

    27.043,04
    -48,91 (-0,18%)
     
  • TecDAX

    3.454,38
    -2,98 (-0,09%)
     
  • SDAX

    14.294,62
    -115,51 (-0,80%)
     
  • Nikkei 225

    40.335,44
    +167,37 (+0,42%)
     
  • FTSE 100

    7.952,62
    +20,64 (+0,26%)
     
  • CAC 40

    8.205,81
    +1,00 (+0,01%)
     
  • Nasdaq Compositive

    16.379,46
    -20,06 (-0,12%)
     

It's easier to get into Harvard than it is to get a job at this hedge fund

Ken Griffin
Ken Griffin

(Screenshot YouTube/Milken Institute )
Ken Griffin.

Twenty-five years ago, Ken Griffin launched his hedge fund in his Harvard dorm room.

Griffin now has a net worth of $7 billion, and Citadel, the hedge fund giant he started, employs 1,600 people and has $26 billion in assets under management.

In an interview with CNBC's Kate Kelly on Thursday, Griffin talked about what it took to get a job at his firm.

He noted that Citadel planned to interview 10,000 candidates this year to fill 300 job openings.

"I think Harvard is a bit easier to get into," he said. "I think the upside at Citadel is a bit better."

WERBUNG

Harvard has a 6% acceptance rate, according to US News & World Report. Based on Griffin's numbers, Citadel has a 3% acceptance rate.

Griffin has been a huge supporter of his alma mater. Last year, he made a $150 million donation to the school.

Griffin explained that when making a hire he wanted to bring on the "best and brightest in markets."

"So one of the great advantages that I had in my career is I started trading 24 hours a day in my early 20s, and I had to learn to delegate to people," he said. "I had to learn to trust people, and I realized that success was going to be born in hiring really bright people — very self-motivated, very able to make good judgment calls day in and day out.

"And if you look at Citadel today, that's really the founding principle of the firm is a real pursuit of talent, a pursuit of people who have a passion for finance, and a pursuit of individuals who make good decisions day in and day out."

Watch below:



More From Business Insider