Point 72 vs GS IB
This discussion happened a long time ago, but I am wondering now that point 72 and other HFs have more established programs, what people’s thoughts are? How would going to an established HF program like point 72 or something comparable be compared to a BB IB like GS as far as exit opps, learning experience, and pay? Which job would you take (at an analyst level).
If you go to point 72 then your exit opps will be very markets-based. Maybe you can exit to another HF or to AM or something.
If you go to GS you can exit into anything. You can go into HF (ones that are better than point72), PE, VC, really anything.
Pay? Probably Point72 because GS pays notoriously low, but imo the exit opps would be worth the pay cut.
Definitely second this. When comparing both, Point 72 is well known and will give you great opportunities and perhaps even pay more than goldman ib. With that said, goldman people exit pretty much anywhere (PE,VC,HF, Corporate finance, etc.), while a HF role will keep you in markets. The only exception is if you are a quant at point 72.
Goldman Sachs for the dual wield duffel bag on the subways, in front of those JP Morgan treasury analyst chicks getting off at 6. But you're just taking a short RR to pump iron and blasting pop smoke from your gen 1 airpods so civilians can feel how hard you are. Closers close and you don't officially leave the office until your VP says skedaddle - but its not derogatory, its a life built on upholding honor and integrity as you're lucky to be apart of the fine establishment that puts a roof over you and your WAP
which HF group at P72?
just depends on the person. If you know you like public equities, then P72. If you're not sure, then gs. Keep in mind work is more interesting at P72 for most people unless you enjoy spreading comps and making slides. P72 definitely pays far more than gs. For average person I would assume gs is probably better, but for the ones who know they want to work at a HF, p72 is great (you get paid a lot to go through extensive training, which is insane)
I noticed a LinkedIn profile of an analyst from point72 exit to an associate role at a $1B AUM VC tech firm, so I guess it’s not impossible.
P72 does have a very reputable VC fund that the analyst could have been at.
to your last point, anecdotally, I go to a target for P72 and know of multiple (4+) people who got offers, but all chose to go to a EB/top BB instead. One chose P72 over one of CS/Citi/Barclays/BAML.
What schools does point72 target?
Prob Wharton
Texas/Michigan
Good info!
I mean if you got Goldman during the SA cycle you could probably land a bank for FT if you rerecruited. If you check LinkedIn, there’s a guy who went to Evercore after a summer at P72. If you want to work at a hedge fund in the long run, you’ll probably end up at a multi managers like P72 / Citadel anyways so why waste time. If you’re unsure, you can always exit to a bank after P72 but it might just be worth taking P72. It really depends on the person.
None of the people from my HYP got return offers after this summer. Ballpark return offer rate from P72 was ~30-40%. Take GS IB.
So you go to Yale?
What...? If anything, Princeton is the odd-one-out in HYP but... what? dude
I doubt that...returns at P72 tend to be 60%+.
60% return offer this summer, lower than normal
probably just jumping man
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