Point72 Case Study: How Inclusion Fuels Business Growth

Point72's commitment to diversity, equity, and inclusion has led to significant business growth. The company's efforts have resulted in a 30% increase in diversity among its employees.

By fostering a culture of inclusion, Point72 has seen a significant boost in employee engagement and retention. Employee turnover has decreased by 25% since the company implemented its diversity and inclusion initiatives.

Point72's focus on inclusion has also led to improved decision-making and innovation. By bringing together diverse perspectives and experiences, the company has been able to identify new investment opportunities and stay ahead of the competition.

The company's inclusion efforts have been recognized by various organizations, including being named one of the best places to work for diversity by the Human Rights Campaign.

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Point72's commitment to diversity and inclusion is evident in its global recruitment efforts.

The company has established affinity groups to foster diversity, including the Women in Finance Network, which supports and advances women at Point72.

Point72's Multicultural Engagement Network is a community for people of colour and their allies, covering a wide range of ethnicities and backgrounds.

Pride72 fosters an inclusive workplace that represents the diverse perspectives of the LGBT community and its allies.

Point72's diversity drive is not limited to internal initiatives, as the company actively seeks to recruit a diverse pool of candidates.

Point72 has experienced explosive growth in its Academy program, with applications increasing almost fifty times over in just three years. This rapid growth is a testament to the firm's success in attracting top talent.

The number of applications for the Point72 Academy jumped from 350 for ten seats in 2015 to 16,000 for 49 seats in 2018. This surge in interest is a clear indication of the firm's popularity among aspiring analysts.

About 65% of Point72's portfolio managers are homegrown, a statistic that highlights the firm's commitment to developing its own talent. This is a remarkable achievement, especially considering the competitive nature of the finance industry.

A typical career path for someone in the Academy program involves participating in the Academy Sophomore Summit, interning as a Summer Academy Associate, and working as a full-time Academy Associate before becoming a full-time long/short analyst.

Jaimi Goodfriend, the founder of Point72 Academy, has extensive experience in training students for finance careers. She left the buy side to join the University of Illinois, where she developed a program to help high-performing graduates get jobs on Wall Street.

The program, known as the University of Illinois' investment banking academy, was a great success, with 100% of participants getting hired by Wall Street firms. This achievement showcases Goodfriend's ability to identify and develop talent.

Goodfriend's experience in training students and developing programs is crucial in Point72 Academy's mission to find the next generation of great investors. Her passion for teaching and her success in the University of Illinois' program demonstrate her commitment to this goal.

Point72 Academy's approach to hiring is innovative, as it started out as an experiment with no predetermined game-plan. This willingness to try new approaches has led to the development of a unique program that sources talent in new and different ways.

Point72 Academy looks for performance not pedigree, meaning they prioritize actual skills and abilities over traditional credentials.

Academic performance is considered, but it's not the only factor - a perfect 4.0 score isn't necessary, and many successful applicants have spent time on the internship program.

The Academy recruits from a wide range of disciplines, including history, music, and liberal arts, to bring in cognitive diversity and stay ahead of the innovation curve.

Extracurricular achievements can be a good indicator of passion and competitiveness, but what they really want to see is a genuine intellectual passion for stock picking and investing.

Applicants should be able to demonstrate a love for meticulous data analysis and synthesis, which can be shown through personal experience of investing, investment clubs, or even paper trading.

The Academy leaves no stone unturned in finding people who are genuinely interested in companies, the world, and stocks, and they need to see raw smarts, passion, drive, rigour, and discipline.

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