Point72 FAQ

All answers shown come directly from Point72 Reviews and are not edited or altered.

17 English questions out of 17

8 April 2019

What is health insurance like at Point72?

Pros

I worked at P72 for 4 years in two different roles. In both roles, I worked under managers who were consummate professionals and who were ready to be teachers and mentors for someone like myself who was young and inexperienced with HFs. Point72 has one of the best infrastructures available for developing young investors and HF professionals. From the Academy program to a core focus on developing talent, it is a primary concern of theirs. Additionally, it is a place that generally allows for significant upward and lateral mobility amongst professionals. If you have the work ethic and interest in trying something new, they will find a way to make it work for you. There were a number of employees of various ages, experience levels, and backgrounds like myself who were afforded opportunities to change groups, pursue their interests, and build new skillsets. Additionally, they have pretty solid work-life balance (for finance/HFs) and excellent benefits packages from free, full-coverage healthcare, to brand new facilities and more. Overall it was a tremendously cool place to work. I was treated at all times with respect despite my age and seniority, and was given responsibility to learn and grow and manage projects on my own. I was also invited to travel to other offices globally and attend industry events to broaden my network and gain exposure to current trends and the cutting edge of the industry. I found however, that much of what we worked on at P72 was already ahead of the 'cutting edge' that was being presented at these conferences. Point72 is a super energetic place, and there is a lot going on at once, as it is constantly looking to develop the future of HF finance, both technologically and talent wise. Contrary to what you might hear, the culture has developed quite positively, and each year that I was there it got much better. As with any organization, culture is an ongoing process, but they are focused on the right goals and making significant investments and devoting their attention to continuing to make it a great place to work. If you are looking for someplace where you will be treated with respect and given opportunity, this is a great place to grow your career. The compensation doesn't hurt either.

Cons

Occasional travel to Stamford can be annoying. The Firm is hit-or-miss with this requirement and reimbursement for travel. However, with a move to new Manhattan headquarters at Hudson Yards, this should be less of an issue.

Additionally, they have pretty solid work-life balance (for finance/HFs) and excellent benefits packages from free, full-coverage healthcare, to brand new facilities and more.

8 April 2019

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9 May 2019

Does Point72 give time off to volunteer?

Pros

Filled with smart and driven employees Strong work ethic flows down from the top (Steve and management) Unmatched compliance focus Competitive atmosphere Great offices Fully covered benefits NY to CT shuttle service for employees Great philanthropic and volunteer focus - many volunteer and board opportunities through GIVE and Community Matters

Cons

Tech infrastructure often feels cumbersome and makes new projects difficult to get off the ground Split primary offices in US - NYC and CT Fox News on common area TVs too often

Advice to Management

Keep innovating and valuing employee input on initiatives and improvement opportunities

Great philanthropic and volunteer focus - many volunteer and board opportunities through GIVE and Community Matters

9 May 2019

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30 July 2019

How are the career development opportunities at Point72?

Pros

Excellent benefits - insurance coverage + perks

Cons

Management team is arrogant. They are always right. When they made mistake, they will just keep quiet and pretend like it didn't happen. They like to set unrealistic goals. If an employee somehow managed to hit any of them, they will raise the bar immediately and ignore his/her achievement. . Performance appraisal is a joke. There is no shared visions from top to bottom. Everyone is walking in different direction. People at the lowest hierarchy have to work on competing requests from all direction. HR is not playing the right role to build a proper assessment process. Managers don't have a systematic way to evaluate their subordinates. . Team player will get hurt the most. Many people in the team will magnify your mistakes and embarrass you in front of management/team members/users. . No career path at all. You will be working on everything everyday, sometimes including weekend and public holidays. No job specialisation. You can only be a half-cooked data analyst/scientist who may not have an opportunity to work on any research project.

No career path at all.

30 July 2019

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1 April 2019

What is the feeling of job security at Point72?

Pros

Great shop. As an independent PM, you'll have full autonomy over your investment process and will be treated like a grown-up when it comes to risk. You are given all the tools and support to help your business succeed: -> QBIZ team (cubist business) will help you launch new strategies, trade new securities, etc. by liaising with brokers/venues/other parts of the firm, account set up, etc. Everything is very streamlined and you can tell they've done this many times before. -> ingestion of new data sets is a priority and they do a good job of it with a steady stream of new data sets announced every week. The data team is very responsive. -> Ross will (to a large extent) let you set the tone of his involvement in your business. He offers lots of ideas on research and risk management if you are receptive to it. Also helps you to focus on the business/management aspect. -> Most of all I'm impressed with the culture: senior management is always asking what we can do better and is receptive to feedback (both good and bad).

Cons

The non-equity space lags the equity space in terms of set up and infrastructure, but cubist is aware of this and is working on catching up. There is little in the way of centralization of real-time market data feeds, utilities/tools for trade monitoring, etc. as the expectation is that you will build these yourself (this could be a pro/con depending on your point of view).

Advice to Management

Good job.

-> ingestion of new data sets is a priority and they do a good job of it with a steady stream of new data sets announced every week.

1 April 2019

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29 May 2018

Does there seem to be diversity at Point72?

Pros

Decent pay and decent/tough hours depending on your team/manager and how you manage your responsibilities. The overall culture can be laid back, friendly, collegial at times. Not much upfront or direct feedback/criticism from coworkers and managers, though that can also be a con. Good food/benefits and employees are enjoying increased access to general training and learning opportunities.

Cons

Employees in the back office are for the most part, pleasant, diligent, and hard working, but are far from the most intelligent in the firm/industry and are easily some of the most lackluster people you will meet. Lack of passion and diversity in the back office (personality, pedigree, ethnicity, etc) creates an extremely mundane and demotivating environment. Senior directors are distant. Most mid level managers seem disinterested or dispirited. Most junior employees seem to be studying for the CFAs or making efforts to lateral to the front office / other firms. A good environment to be in if you're introverted and favor a predictable, routine life in a cubicle with good pay. However, the work itself is far from fulfilling, as it is mostly routine and uninteresting. Many roles will be phased out in the near future by automation as well as increased competition/desire to lower management fees.

Advice to Management

Improve employee morale

Lack of passion and diversity in the back office (personality, pedigree, ethnicity, etc) creates an extremely mundane and demotivating environment.

29 May 2018

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17 English questions out of 17