Coatue Management - Culture?
I've seen multiple posts on this forum say that Coatue's culture is incredibly tough with volatile turnover. Could somebody please elaborate - what exactly makes it so bad? Is it the people treating you with disrespect, the hours, unyielding pressure / expectations? Looking at their Menlo investment team specifically. Thanks very much in advance
Bump f
Bump - would be awesome if anyone has much context here on the culture at the public / private arms of Coatue. If it doesn't work out at Coatue, where do people go after?
Also interested - what are the hours like?
70-80? 80-90? 100+?
Yes.
Can you elaborate on what you know?
This is sourced from friends who have friends who worked there, so take it with an appropriate pinch of salt:
-Bosses are abusive in the classic manner--yelling and generally awful
-Job security essentially 0, even relative to other funds. Turnover borders on insane
-Hours are very bad, though I can't quantify how bad
I've never been contacted by a recruiter about an interview there, but I wouldn't do it if I was.
My old schoolmate is a partner there. He's crushing life with a chauffer and a multimillion dollar home in Westchester. He joined when it was 500mln though. I heard you need to pitch one actionable idea a week. I'm not sure what happens if you can't do that. That's all I know!
Damn, Laffort does not mess around. One actionable idea per week?!
I work in an environment like this, pitching a new name a week is not really that hard. Actionable =/= diligence finalized and ready to place a trade, actionable really just means an idea that has some legs and has passed the first few hurdles. Of course, I could be wrong and maybe you really do need a fully baked idea per week at Coatue.
I can't comment on the Menlo investment team itself, but the NYC core HF team has a brutal culture.
There are 3 partners (basically Philip's lieutenants) that run the day to day show, they use analysts as disposable items. Yelling, screaming, assigning blame for things beyond your control, etc...etc...that's just day to day life there.
If something goes wrong and someone needs to be blamed, guess who gets fired? Hence the revolving door of analysts. Pay is high as is turnover. If you can get a seat there, I'd take it and try to hold on for at least 2 years as its a great CV brand at a blue chip HF. Just get ready to walk on egg shells every day and learn how to compartmentalize.
How high is pay relative to a top MF/UMM associate role (300k+ all in)?
Don't have any exact details, but for a fund like this it doesn't really matter, it will be HF street high. Also have heard tangential stories of outlandish pay in good years. It's also the brand, you spend a few years there and you can write your ticket to any TMT buyside group you want or get your own sleeve somewhere.
Bang bang for Coatue
https://www.ft.com/content/fc0f6c6e-b56d-42f3-93f3-b4728cdcd9dd
I'd love to understand their thesis for 3.1mm shares of Tesla thats some bet
Wow 52% at a fund of that size...the whole team's gonna get paid this year
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