Point72 Reviews | Glassdoor

Point72 Reviews

Updated Feb 1, 2020

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4.0
74%
Recommend to a Friend
86%
Approve of CEO
Point72 Chairman, Chief Executive Officer, and President Steven A. Cohen (no image)
Steven A. Cohen
21 Ratings
  1. "Comp"

    StarStarStarStarStar
    Former Employee - Analyst 

    I worked at Point72 full-time

    Pros

    Comp was based on performance

    Cons

    Compensation was based on performance

    Point722020-02-02
  2. "Positive work environment - Cubist"

    StarStarStarStarStar
     

    I have been working at Point72

    Pros

    - small team set up, which both fosters collaboration and maximizes individual impact - management style encourages immediate constructive feedback - fun culture, with several unique team-building events throughout the year - beautiful modern office space - great benefits

    Cons

    - working hours can be long at times

    Point722019-12-02
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  4. Helpful (1)

    "Cubist Systematic - Best place to be for quants"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Department Head in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Point72 full-time for more than 10 years

    Pros

    One of the best data functions one can find anywhere in hedge fund industry. 24x7 data support by knowledgeable and highly qualified (PhDs and Masters degree holders) data scientists. Organization is highly structured but also open to innovation. Flat structure helps management hear new ideas. Straightforward merit based rewards and CEO knows every employee and his/her career objectives.

    Cons

    This is not a place for faint of heart. Very tough environment where you will not survive unless you are talented and hardworking. Relentless pursuit of productivity and excellence.

    Continue reading
    Point722019-11-17
  5. "Working at Cubist Systematic Strategies"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Recruiter in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Point72 full-time for less than a year

    Pros

    -Very collegial environment -Incredibly smart, hardworking people -Beautiful office -Great benefits -Access to a great recruiting team

    Cons

    None I can think of

    Point722019-10-14
  6. "Good but very taxing"

    StarStarStarStarStar
    Former Employee - Financial Analyst in New York, NY

    I worked at Point72 full-time for more than 3 years

    Pros

    Amazing people, very smart, from all walks of life

    Cons

    Insane hours, very stressful when quarter end comes, people are often reduced to numbers

    Point722019-10-08
  7. Helpful (2)

    "Cubist Data Team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Equity Research Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Point72 full-time for more than 10 years

    Pros

    One of the most compelling reason for any Quant PM /Researcher to pick Cubist is the quality and variety of data. Data Services team is highly proficient at Cubist and they go extra mile in making sure that the data you need is delivered to you in an easy to use format. Most of the Data team analysts are very smart and have a graduate degree in Computer Science/Statistics or relate d fields. Also, the team has put in a lot of hard work in documenting data and also becoming familiar with the data as a Subject Matter Experts to answer detailed data related questions. Data related support is 24/7 and thus there are not many data related production outages. Another important differentiating factor is many datasets have been collected PIT in-house and thus not available at other places. While I was at Cubist, I was able to get access to pretty much all the data sources which were mentioned in academic literature and more.

    Cons

    I stayed with the firm over a decade and can't think of any negatives about the place. Probably there is a room for improving snacks in the Pantry

    Continue reading
    Point722019-09-24
  8. Helpful (1)

    "Collegial environment for career development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Managing Director in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Point72 full-time for more than 8 years

    Pros

    Cubist is extremely selective in it's recruiting. The vast bulk of hires are lateral, with a handful of PhDs and masters students hired each year. The quality of colleagues is extremely high, and people honestly try hard to be collaborative and help one another. Employees' experiences can vary greatly across different PM teams and support functions: Each PM team is free to be entrepreneurial, and each team pursues a different set of strategies with a different management approach based on the interests and expertise of the PM and members of the team. Support functions have different skillsets and cultures: for example, the talent team doesn't code, the data team tends to hire relatively less experienced people and train them up from scratch (eventually many of them move on to join PM teams). Management is focused on the career path of the individual. While some PM teams do not meet the firm's bar for performance, the firm always seems to take steps to provide opportunities for a better fit internally, and it seems like in the vast majority of such cases people opt to take internal opportunities. The firm provides a "target rich" environment for research, with a vast archive of datasources, ideas, and other resources. As a major client of most sell-side firms, Point 72 and Cubist have access to all the resources that the street can offer.

    Cons

    The average PM team is small in headcount. While this means that each person on the team can have high impact, it also means that sometimes teams cannot pursue resource-intensive highly speculative projects. People generally agree that the culture of Cubist is pretty distinct from the rest of Point72, which is not a surprise as Cubist employees tend to lean towards PhDs in Computer Science and Statistics, wheras the rest of the firm is populated disproportionately by MBAs. There are quantitative functions on the discretionary side of the firm, but they are limited and in many cases fairly secretive. Cubist offers most staff a lot of autonomy, but it's hard work. Senior executives are "always on" and by extension many teams expect high intensity work and output from their colleagues. It is fairly rare for a researcher on a team to subsequently spin out and become a PM. This is understandably discouraged, since the PM teams want to have some comfort that their IP lies within the team.

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    Point722019-09-20
  9. "Great culture, surrounded by super smart people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Business Development 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Point72 full-time for more than 5 years

    Pros

    - Great culture; the firm is really focused on developing and retaining talent. - Strong professional development resources and career mobility. - Meritocratic and entrepreneurial. - The opportunity to work with some of the brightest minds in the industry. - Fabulous new office space and amenities.

    Cons

    - Long hours at times. Tough to unplug.

    Point722019-09-20
  10. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Point72 full-time for more than a year

    Pros

    -Pay and benefits are first-class -Culture and community of driven, intelligent people -Great facilities -Focus on work-life balance -Meaningful development opportunities -Industry is competitive, challenging, and evolving (also a con)

    Cons

    -Businesses can feel segmented -People are busy, so inter-departmental coordination can take time -Firm-wide, big-picture vision could be articulated more clearly

    Continue reading
    Point722019-09-19
  11. "Great culture, great learning environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Intern 
    Recommends
    Approves of CEO

    I worked at Point72 full-time

    Pros

    Strong emphasis on development, very supportive and encouraging culture

    Cons

    Competitive industry landscape, so I imagine that could be pretty stressful long term

    Point722019-09-14

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