Where would you rather work: D.E. Shaw or Point72 for Junior Summer?
Between the Point 72 Academy Internship Program and D. E. Shaw's fundamental analysis teams where would you rather spend your junior year summer with the intent of working at a HF after graduation.
From what I hear, D E Shaw is taking large intern classes for their fundamental teams and the offer rate is declining.
So you can either work for a shop started by one of the great men of his generation, a shop that's been a pioneer for several investment strategies (e.g. stat arb), and hires some of the smartest people in finance. Or you can work for a criminal who complains about the lack of talent in finance. Hmm... tough choice. Anecdotal aside: The DE Shaw recruiter I know is much more impressive than the P72 research analyst I know.
Shaw.
Without knowing anything about the summer programs full time its a no brainer. DE Shaw pays better, is more prestigious, is a better place to work, and has much lower turnover. Since the goal of summer is to turn into FT, I'd assume that makes DE Shaw the best internship destination as well