D. E. Shaw & Co. - Investment Firm

  www.deshaw.com
  www.deshaw.com
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D. E. Shaw & Co. - Investment Firm Reviews

Updated September 1, 2014
Updated September 1, 2014
69 Reviews
4.3
69 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
D. E. Shaw & Co. - Investment Firm Chairman David E. Shaw
David E. Shaw
41 Ratings

Review Highlights

Pros
  • Very good work life balance, Good work if you want to actually do it else nobody is going to bother you (in 7 reviews)

  • great culture, smart people--very smarty people (in 11 reviews)


Cons
  • narrow scope, limited exposure, long hours (in 5 reviews)

  • Sometimes too casual, may not set a definite career path for an employee (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    The best hedge fund culture in NYC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Finance and Operations Intern  in  New York, NY
    Current Employee - Finance and Operations Intern in New York, NY

    I have been working at D. E. Shaw & Co. - Investment Firm

    Pros

    - Casual Dress code
    - Fully stocked superpantry
    - Smart and motivated employees
    - Convenient hours
    - High compensation
    - Open discussion is encouraged

    Cons

    There is a relative lack of mobility with regard to your position at the firm. Sometimes work can be unstructured.

    Advice to ManagementAdvice

    Management does a good job of delegating responsibility and maintaining the quality control of its employees day to day work.

    Recommends
    Approves of CEO
  2.  

    Great experience as a quant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Quantitative Analyst  in  New York, NY
    Current Employee - Quantitative Analyst in New York, NY

    I have been working at D. E. Shaw & Co. - Investment Firm

    Pros

    Interesting people to work with
    Interesting problems to deal with
    Great culture
    Good pantry

    Cons

    have to wait long for the decision from management

    Advice to ManagementAdvice

    see above

    Recommends
    Approves of CEO
  3. 1 person found this helpful  

    Great place to work, but limited potential for growth and learning.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Quantitative Analyst  in  New York, NY
    Current Employee - Quantitative Analyst in New York, NY

    I have been working at D. E. Shaw & Co. - Investment Firm

    Pros

    Extra-ordinary group of people.
    Friendly (research lab like) environment.
    Great reputation.
    Great compensation and benefits.
    Flexible work hours.
    No dress code.

    Cons

    Limited growth potential. Has become too big in size and bureaucratic. Limited collaboration between groups and people within groups. No gym!

    Recommends
    No opinion of CEO
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  5. 1 person found this helpful  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at D. E. Shaw & Co. - Investment Firm

    Pros

    Most of the time you work with smart people.

    Cons

    Management is pretty bad - decisions always come from top.

    Advice to ManagementAdvice

    They need to stop hiring when they know company is not doing well - instead of waiting until last minute to lay off people.

    Recommends
    Disapproves of CEO
  6.  

    Overrated

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate  in  New York, NY
    Former Employee - Associate in New York, NY

    I worked at D. E. Shaw & Co. - Investment Firm

    Pros

    Benefits; Smart people; Laid-back culture; Friendly

    Cons

    Poor communication from management
    Mediocre to bad middle management
    Unclear promotion or professional development path
    Culture dependent on performance of firm--once performance deteriorated became a place not worth working at.

    Advice to ManagementAdvice

    Hire professional managers

    Doesn't Recommend
    No opinion of CEO
  7.  

    Great place, but culture is deteriorating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at D. E. Shaw & Co. - Investment Firm

    Pros

    - colleagues are smart, engaging, well-rounded people
    - fabulous benefits
    - work/life balance is encouraged

    Cons

    - culture is less supportive/collegial than it used to be a few years ago
    - complete lack of career development for people who don't have prior background in finance
    - your experience/development at the firm is completely determined by your immediate manager, and they are a mixed bag

    Advice to ManagementAdvice

    communicate!

    No opinion of CEO
  8. 1 person found this helpful  

    back office

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at D. E. Shaw & Co. - Investment Firm

    Pros

    flexible schedules and vacations
    good medical benefits
    happy hours and other events for employees
    internal training program
    super pantry with food and drinks

    Cons

    not good at promoting from within or transferring personnel internally
    not good at sharing information
    large divide between front and back office staff
    very difficult recruiting process

    Advice to ManagementAdvice

    provide more opportunies for developing personnel
    provide better leadership to inspire employees
    communicate more to all employees not just managing directors and senior manager

    Doesn't Recommend
    No opinion of CEO
  9.  

    Amazing People!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at D. E. Shaw & Co. - Investment Firm

    Pros

    -Some of the smartest and most self-motivated people I've ever worked with
    -Diverse staff - so many unique interests (artists, musicians, etc.), especially for a financial firm
    -Fun perks (happy hours, lectures, snacks, etc.) and good benefits
    -Interesting work

    Cons

    The financial crisis greatly changed the company culture in more bad ways than good
    -Increasingly bureaucratic and political process (this was also partially due to the increase in company size)
    -Lack of transparency from senior management

    Advice to ManagementAdvice

    Tell people what is going on.

    Recommends
    Approves of CEO
  10. 1 person found this helpful  

    hard, but great experience as an intern to start the working life

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Analyst Internship  in  New York, NY
    Former Employee - Analyst Internship in New York, NY

    I worked at D. E. Shaw & Co. - Investment Firm

    Pros

    The team was great to work with. they were very helpful in introducing me to the work environment. they gave me lot of responsibility from the beginning

    Cons

    the working hours are very long and they expect 1000% commitment . not everyone gets so lucky with their superiors and are expected to be on their own from day 1.

    Advice to ManagementAdvice

    they take fantastic people with superb skills who haven't worked in this field before. these people would need more on the job training.

    Recommends
    Approves of CEO
  11. 2 people found this helpful  

    Not what it once was

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at D. E. Shaw & Co. - Investment Firm

    Pros

    Accepts non-financial people into the world of Finance
    Good benefits
    If you get into a good group then it's a good place
    Really good people
    Nice parties

    Cons

    Restrictive non-compete agreement that won't allow you to continue on in Finance when you leave (and no you can't just ignore it)
    Little or no choice about which group you are in or about what work you will do
    Becoming increasingly bureaucratic with an abundance of micromanagers
    PhDs doing menial work and often nothing else
    Long hours
    No vacation policy so you really are at the mercy of your boss

    Advice to ManagementAdvice

    Less micromanagement and more transparency

    Doesn't Recommend
    No opinion of CEO

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