Citadel, one of the largest hedge funds, accepts just 1% of applicants to its associate program.
Few college students know what a hedge fund is, let alone that they want to work for one.
Its associate program lets aspiring fund managers skip the traditional two-year investment banking program that is usually a prerequisite for a hedge fund job.
The associate program is different from Citadel's broader internship program.
But the accelerated nature of the CAP program appealed to him over other opportunities, he said.