SA Would you pick Point72 or Goldman Sachs?
As per title:
10 week internship at Goldman Sachs: 5 weeks in LevFin, 5 weeks in TMT M&A group (NYC)
or 10 week internship at Point72, Steve Cohen's Family Office HF. (NYC)
I think the Point72 offer is a nobrainer, but I have heard concerns about the future of L/S equity funds. Am I perhaps entering a dying market/ profession?
I have the optionality of HF/PE if I go into Goldman, but by going straight into P72 and their academy programme (assuming I convert), I can skip the whole recruiting process and place myself straight into the buy side and one of the top multi-manager funds.
Any opinions would be greatly appreciated.
Thanks!
What percentage of Point 72's intern class gets return offers? I do not remember clearly and may even be mistaken, but I felt like a few people had said before that the return offer rate was very low. I would definitely consider this.
Similar "IB or buyside SA" questions get asked on an almost weekly basis, and there never is a clear-cut answer. Do realize that you're choosing between two great internships, so you really cannot go wrong with either. I personally would always go with the most established path, which in this case is the IB SA at GS. Almost everyone within the finance world knows of the success of IB SA roles and the skillset developed in them. While Point 72 is an excellent place to be, I feel like the skillset developed there might be a bit more narrow and not as directly applicable at the junior level as what one might gain at an IB SA role.
Just my two cents. Again, you cannot go wrong with either.