Why do P72 Analysts leave so quick?

I've been looking at P72 employment data on LinkedIn and noticed that many analysts decide to leave after only 1-2 years working at the firm. Not sure if that's normal in the HF industry or not, but does anyone know why this is the case whether it is an industry-wide problem or specific to P72? Am I missing something or interpreting the data wrong? I'll be interning in Academy next summer so I'm wondering if I should prep for exit opps in advance like how bankers prep for PE in advance. TIA!

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Comments (20)

  • Associate 1 in IB-M&A
Nov 22, 2021 - 8:50pm

Because the industry revolves around money and if you're not making money, you are of no use to the firm. Also - if you don't fire people, people will take the firms risk limits less seriously which is not what they want. Welcome to the industry.

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  • Associate 1 in IB-M&A
Nov 22, 2021 - 10:01pm

There will always be a gap because of non competes. And just because someone turns up at another fund, doesn't mean they weren't on the chopping board. You see your PnL everyday and you will know when it's time to start looking. Happens all the time. 

Nov 22, 2021 - 9:46pm

The academy program is almost a year and you're not really going to leave during training even if you don't like the people. People are leaving a lot after 1 or 2 years because they aren't lasting long after the program. Based on the people I know there, this isn't because they're getting canned but because they hate it there. Might get MS for this but apparently the culture is god awful.

  • Analyst 3+ in HF - EquityHedge
Nov 22, 2021 - 11:04pm

You will learn more next summer but % of academy graduates still at p72 is quite high. p72 has the lowest churn among the big MMs. if your pm gets fired they'll look to put you on another team. 

Nov 23, 2021 - 3:22pm

Have heard from people who know people (…) that it is one of the more lenient MMs but the work life balance for juniors is poo (work weekends and do stupid Sunday team calls because why not), the culture is getting shouted at and the pay is not that great vs. other MMs so any half decent Point72 analyst will probably be tempted to bail as soon as they become plug-and-play

  • Investment Analyst in HF - EquityHedge
Nov 24, 2021 - 12:40pm

A short stint at P72 gives analysts such wonderful analytical skills that they are highly valued and recruited by other funds that offer more.../s

It's a shitty business unless you luck into the right PM or fund early on. Constant analyst churn is a function of MMs

  • PM in HF - Other
Nov 24, 2021 - 6:08pm

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