Title says it all - have heard that your job stability is slightly better at P72 than other MMs (Citadel, Millennium, Baly, etc.). Is there something unique about their risk model relative to these other firms?
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Helpful, thx
Not doubting what you're saying at all, but if that's the case why have so many PMs jumped ship from p72 to citadel in recent years?
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From a cost perspective, if P72 goes through all the trouble of training kids for multiple years in the Academy to work in a pod and a PM blows out it's a big waste to then fire the juniors too. I have no insight into the PM stability but I know Academy kids who say they've been told they will get re-podded if something happens. As the others MMs are also trying to build out undergrad pipelines (Citadel creating small trading/investing internships, MLP with the UBS partnership) it makes sense junior stability will also likely across the board as well.
Good to know and makes sense given the $ and time put into training. Do you know if this applies to IB analysts joining after 2-3 years?
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