Affluent British entrepreneur in financial services proposes a monthly salary of 26,000 British pounds for interns.
Alex Gerko, the billionaire founder of XTX Markets, has made headlines once again with the announcement of a lucrative internship programme at his high-performing financial firm. Known for his outspoken critiques of government policy and management of public finances, Gerko's wealth continues to grow, with his latest tax contribution of £682m in 2024 making him one of the country's individual biggest taxpayers.
In the last financial year, XTX Markets secured near £1.3bn in profit, marking their highest profit on record. The trading tycoon, Gerko, booked a £682m share of his company's profits, but the exact payday from the bumper profits of XTX Markets remains undisclosed.
The internship programme, offering a 12 to 14-week research internship, is open to postgraduate students. The position, a four-day-a-week role in XTX's New York offices, could potentially pay between $105,000 and $122,500. XTX Markets is eager to push the boundaries of high-risk, high-reward AI research, and this internship is part of their effort to secure the next generation of tech talent in order to up their competitive edge in the AI arms race.
Top-performing interns at XTX Markets will be considered for permanent positions in New York or London. The internship at XTX Markets provides an opportunity for students to work alongside some of the brightest minds in the industry and gain invaluable experience in the fast-paced world of finance and AI research.
The average monthly salary in New York is just over $7,000 (£5,236). The generous sign-on bonus for the internship, combined with the potential earnings, underscores the financial status of XTX Markets and the wealth of Gerko, who is estimated to have a net worth of over £8.7bn according to The Sunday Times Rich List.
In 2023, Gerko paid £665m in tax, reflecting his commitment to contributing to the public coffers. When the lower rates of capital gains tax (CGT) were raised, Gerko questioned the government's use of taxpayer money, highlighting his ongoing interest in fiscal policy.
XTX Markets is one of the businesses battling to secure the next generation of tech talent. As the AI arms race continues, it's clear that Gerko and XTX Markets are committed to staying at the forefront of the industry.
