Point72 Undergrad Recruiting and Internship Reputation
Just saw that Point72 is recruiting college seniors with a training program. Would you guys do this? What's your opinion on the firm?
As a current senior in college, do you think I should look into this?
Point72 Internship Career Reputation
When considering a Point72 Internship, the 2008 insider trading scandal of predecessor S.A.C., is bound to come up as a consideration. The dissolution of S.A.C. birthed Point 72 and inspired the shift to family office investing from a hedge fund. While the S.A.C. guilty verdict is a big deal, taking a Point72 internship is not bad for your career from a reputational standpoint.
The reputation risk is way overblown. It happened ten years ago and those people are long since gone.
Point 72 Undergraduate Academy Internship
The Point72 Academy Summer Internship is a full-time, 10-week program where you will be trained by a group of mentors. The most successful of the these are given offers to continue with the 10-month Academy Financial Analyst Program. It’s a huge investment in your development which is why it has a reputation for being extremely competitive.
You can learn more about the academy from Point72 below.
You can learn more about the internship program below.
Benefits of a Point72 Internship
- Their Academy has a great reputation. The training you get here will set you on a great foundation for your finance career.
- Better work-life balance than other finance internships. There aren't many places that can say this. You'll still be working hard but there's still room for a life outside of work.
- You'll develop a ton of great skills. The Academy has a steep learning curve which is why they offer this program but you'll be learning a lot right out the door and getting hands-on experience.
Reasons to Avoid the Point72 Internship Program
While Point 72 offers a great training program and subsequently a good work-life balance, there are drawbacks to taking on this internship.
- It is reported that only half the Academy attendees are granted a desk position after. It's an extremely competitive program and they only accept the absolute best for full-time. You have to be alright with the possibility of doing an internship with a low probability of a job after.
Something like half the class got return offers. HR at Point72 told me...straight from the source. Didn't get a reason for the turnover, but given that it was the first year, I'm guessing the training program wasn't up to par.
- Point72 salary is competitive but bonuses are said to be lower than other finance jobs.
Learn more about Point72 on WSO
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