point72 breakfast

Hey Guys,

I was invited to a point72 (formerly SAC) for a breakfast through linkedin. Seems like they are poaching kids. I want to do IB full time but HF is interesting too. What could this be about and does anyone know what point72 is like these days?

 
Best Response

P72 is a very solid firm. I've met like 15-20 people from a networking event and have to say I thought the culture was good. Obviously, it's very competitive and cut-throat (make $$ or out type mentality) It has multiple PMs making decisions as oppose to the one decision-maker. Great place to start a career, granted you perform. I thought they had a lot of resources/mentors than some of the other hedge funds. It seems Steve is still pretty involved in the process. A more trading-oriented L/S fund than other funds. I thought it was interesting that they trade a lot of short-term as well as long-term ideas. I believe most of the operations is in Greenwich, but I've heard it's somewhat easy to use the NYC office as well.

 

I'll say two things:

  1. Ridiculous comp- They make banker pay look like paltry allowance money from Uncle Blankfein even at the junior analyst level.

  2. Everyone seemed really nice and they are trying to home grow talent. They hired a FT professor to train the incoming analyst class and developed a very rigorous curriculum.

Pennies from JcPenny
 

Sint nobis libero dolorum excepturi laudantium. Rerum ducimus doloremque debitis nihil et eveniet. Ullam rerum iusto optio iure numquam quo.

Ipsam nisi deserunt nemo ea. A repudiandae eius tenetur autem soluta et. Asperiores modi dolores doloribus omnis. Dolor maiores voluptatem nam quasi suscipit recusandae in. Et iusto nihil et nihil voluptates. Voluptatem distinctio et quod et. Modi rem nesciunt recusandae qui minima sequi qui vero.

Deleniti aut molestiae nobis eius. Tenetur voluptas accusamus reprehenderit et voluptate consequuntur odio. Qui alias commodi repudiandae laborum doloribus est ut. Dolore perferendis nisi commodi.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”